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AFF Member Stock Discussion

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
Last day today for the Kogan share purchase plan. This one is well in the money.
We managed to get some Temple & Webster shares In their placement.
We put our hands up for some E25 shares in their placement yesterday. It is a dig , wash and truck operation that may be ok with manganese. Last time we ventured into manganese did not work out too well so we consider this one to be a higher risk.
If every day was like yesterday we wouldn’t need to go to work but stock markets go up and down.
 

LadyC

Established Member
Joined
Feb 21, 2012
Messages
2,560
If every day was like yesterday we wouldn’t need to go to work but stock markets go up and down.
I hear you. The market is very flip flop at the moment. Trying to buy in and sell out of the US market at the right points is proving tricky!
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
We didn’t get many Gage Roads shares in an allocation on Friday. It was 40,000 shares instead of the million we applied for so we were surprised.
Next week we have to look at Qantas And Challenger Share Purchase Plans.
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
Ok anyone taking up the Qantas share purchase plan. We just downloaded the form but have not subscribed so far.
 

I love to travel

Established Member
Joined
Jun 4, 2016
Messages
1,497
Qantas
Platinum
Ok anyone taking up the Qantas share purchase plan. We just downloaded the form but have not subscribed so far.
No. @jb747 words about the future of airlines keeps ringing in my head.

On a separate matter am wondering what if any impact covid developments over the weekend will have on Aussie share market tomorrow.
 

TonyDoh

Junior Member
Joined
Sep 28, 2008
Messages
23
I suspect the Qantas SPP will do okay, although there is not much of a margin in it for those who invest. While there are worries about the rate at which Qantas will recover in the short term, there are a lot of investors who have loads of cash looking for a home. I don't have a holding in QAN, but if I did, I probably would not subscribe to the SPP.

As to tomorrows market, it is one of those rare occasions when overseas public holidays mean we open on a Monday without any significant overseas leads. This is likely to give the bad news on covid some more weight.
I suspect we will open flat, or down a little, but will follow the trend once the major Asian markets open.
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
With gold shares on a fly we decided to bid for some Bellevue Gold shares in the pending placement. BGL announced some high grade drilling results but this is not yet a mine so it is risky. Actually most mining projects carry quite a bit of risk.
One of our Kogan share purchase plans was fully ok but our original holding when Kogan started was smallish so quite a bit of the $30,000 share purchase plan money is being refunded.
Still haven’t decided on Qantas and Challenger as they are both marginal from the outset.
 

MARTINE

Junior Member
Joined
Apr 6, 2018
Messages
23
Good morning travellers/traders.
I can’t believe I’ve just starting following this post as an avid long term trader/traveller...now semi retired (from work not travel albeit temporarily)
It’s been a wild ride and I’ve enjoyed reading the comments predicting what would happen prior to COVID and during - then what has come to pass..
My approach
- 70% CSL BHP CBA TCL CSR SYD
-10% ETF VGSMSCI good for US stocks
- 10% gold
- 10% other/fun i.e don’t care if I make a loss )
‘Covid cluster’ - ANSELL/MESOBLAST/STARPHARMA - latter two making drugs w efficacy in ICU pts
APT - bought at $8 so doing well
TRAVEL - because I love - WEB
Buy for div (always reinvest) and cap growth

My rules
I never invest what I can’t afford to lose
I invest every week (up or down) but increase during downturn ie past 3 months
Towards end of fin year I sell any speculative crap that’s taken a loss to cover my capital gains.


Just my approach not financial advice (DYOR).
PS - my travel refunds have all gone towards share purchases as only way I can cope!!
 

albyd

Established Member
Joined
Apr 7, 2011
Messages
1,976
Wish there was a way to pay from AMEX into our broking accounts esp during the double points promo - shame I haven't found it yet. If someone has, please feel free to PM me :)
 

daft009

Established Member
Joined
Feb 21, 2014
Messages
1,797
Qantas
Bronze
Virgin
Red
Flights
My Map
Wish there was a way to pay from AMEX into our broking accounts esp during the double points promo - shame I haven't found it yet. If someone has, please feel free to PM me :)
likewise for me, with forex...
i used to do it 2.5yrs ago.. now its banned
 

albyd

Established Member
Joined
Apr 7, 2011
Messages
1,976
Shame as we're not using credit on a charge card - will usually need to pre-pay to get large charges approved - just there is an incentive for Amex via merchant fee and for us via rewards points (even at usual earn rates) to direct our cash via Amex first rather than directly to the broker. Guess it is what it is. I know I'm preaching to the converted here on AFF :)
 

drron

Enthusiast
Joined
Jul 4, 2002
Messages
24,769
Fortunately I got into gold stocks early.Three have taken off and my Super fund is now higher than it was on 1/7/19.
Question now is when i take my profits.
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
Yes @drron no one rings a bell to tell you when to sell. Our gold stocks have performed well too.
As for oil and gas and banks and travel businesses they are going down.
Kogan, Temple and Webster and Z1P have defied gravity.
We received about one sixth of our Bellevue Gold placement application so that one was rushed on Thursday.
i plan to sell a few duds off next week.
 

MARTINE

Junior Member
Joined
Apr 6, 2018
Messages
23
Hi
Just put in my APT SPP - I’ll be keen to see how much I get in the allocation. At $66 max it’s high but still less than current trading price . I’m still way ahead at $8.....
Good luck everyone
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,843
I sold QBE for a gain and Prospa for a loss last week. I sold CGC and some VRL. Still not much kick with oil but BYE may be a winner.
Prospa does not appear to be prospering and agriculture is as difficult as ever.
Qantas extended the date of their share purchase plan so the SPP take up may be slower than expected.
 
Last edited:

drross

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Jun 24, 2007
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2,701
Qantas
LT Gold
Virgin
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Interesting posts. Not sure on Kogan. Moneyme and Sezzle have been great and maybe Mader group for the qld and wa mining boom
 
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cove

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Feb 15, 2008
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13,843
Kogan will be up for a fine that could wipe smiles off the directors faces. Kogan needs to improve their after sales service too.
 

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