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AFF Member Stock Discussion

cove

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Later on last night the funds from Commsec arrived in Westpac a day late from the share sales. The CBA payments screw up must have affected lots of folks who live pay cheque to pay cheque.
We had a very good week in the stock market so next week will probably be the reverse.
My next AGMs are Waterco, Resimac and LandMark White in Sydney so it is ok to be an AFFer with plenty of points to travel in style.
 

Gold Member

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I am on the verge of investing most of my idle cash sitting in various online savers into HBRD and MXT. The risk premia and spread for each provide an attractive alternative with sufficient liquidity and some franking too. Interesting to note that MXT seems to have a new competitor in the debt market (for listed ASX vehicles) from behemoth KKR. There’s a brief write up in today’s Australian newspaper Business section if anyone’s interested.

I researched MOT as well, however the risk reward is far higher given that they have 40% outside of the MXT fund to essentially ‘play with‘ in equities and other ways to make up their target of 7-9% above BBSW. And while they may share similar management with MXT, they only have 4 months of history to prove their credibility whereas MXT has 3 years of runs on the board.

I had planned to use my Financial Adviser’s broking platform capped at $100 per trade (no value size limit), however upon leaning about $10 trades at Selfwealth, I think I will change my approach. Cheers for the heads up.

Cove, I am an IMF Bentham investor as well. This is one of my long term holdings that I do not plan to sell unless the valuation becomes too rich. I am comfortable with their lumpy earnings and lack of earnings certainty/visibility given their long term win rate and ROI/ROE metrics. Debating whether or not participate in the upcoming rights issue given that it already makes up 15% of my portfolio by value.
 

cove

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I am taking up the issue in IMF. If they consolidate and then run higher in a few months I will be happy.
 

PLANT

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Buffet has said he would leave/suggested his investment would be in a Vanguard wholesale fund when he dies.
As no one continually beats the index over long term.

In America
The lowest cost Vanguard index fund is the VFIAX
Fees are 0.04%
$3k min

In Australia
Vanguard Index fund is the VAN0002AU
Fees 0.16%
Now it says $500k to enter but people posting $100k will get you in?
Is the above correct?

If money in America and Australia would you sell shares and invest in both?
 

RooFlyer

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Now it says $500k to enter but people posting $100k will get you in?
Is the above correct?
Yes. I don't recall the circumstances but they waived the $500K requirement when I invested last year.
 

albyd

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There's no such thing in my view.
I agree, things change so fast that you have to regularly review and mercilessly prune things back. Yesterday’s winners can become today’s losers so quickly. Some business models die if they don’t evolve eg were not buying software on disks anymore, where subscribing to it and downloading.
 

cove

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I went for some EZL that are coming out of a settlement and they are around their years low.
I bought some IMF at $3.36 because I could. The issue running is at $3.40 closing shortly.
 

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I went for some EZL that are coming out of a settlement and they are around their years low.
I conducted a quick review of EZL but couldn’t find any compelling evidence (IMHO) to support a buy at this time. Unless this a contrarian view with medium/long timeline. Can you share your rationale Cove?
 

cove

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EZL is a stockbroker with funds management tied in with WIC and OZG listed entities and other unlisted asset management groups. The WA economy will start going much better next year and there should be some very good opportunities.Billions of dollars of resources contracts are pending and they will go ahead in the next 2 years.
It is at or near their year low and should turn quite profitable in the next few months.
Remember I make mistakes too.......

iMF are growing their business in Australia and overseas. I started buying at $2.40 and they are consolidating with issues at $3.40 and $3.50 recently.

Now if you didn’t short Tesla shares you saved part of the 1.4 billion USD that was torched at the end of this past week.
 
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nickfromeastryde

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I sold some Ausdrill today so that might take the monkey off their back........
Took advantage of the volatility and bought/sold a number of times during the reporting period. Made about 40c a share after brokeridge so very happy especially as tax free in my SMSF. A keeper for me in the short to medium term
 

cove

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I made a lot on ASL as I had many at a low entry price. I still have about half and they have changed their code and name..
Our superfund is close to exceeding the tax free limits so I had better do some moves.
 

CaptJCool

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I mentioned this chart to @Buzzard after we got back to Sydney following the HARS tour. Since I found it today, I thought I would post it. Gives some insight into progress over time with various asset classes, including shares

It’s Post 838 and the URL ought go straight there (even though the highlight on the below isn’t the same
 

RooFlyer

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Anyone notice that ANZ has cut its franking %?

ANZ less than frank on dividend spin as investors take the pain (may be paywalled)

ANZ has held its dividend unchanged at 80 cents per cents share, but it will only be partially franked at a rate of 70 per cent. That’s the first time in 20 years ANZ has not paid 100 per cent franking.

Elliott’s rationale is clear: weaker domestic profits means less tax to be paid in Australia, which means less franking credits get passed though to investors.

But there is discretion here for any bank and ANZ has made a move which means the private investors — especially retiree investors — take the pain.
 
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Isochronous

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Take a look at Oportun Financial and Trulieve in the US. Both have great upside potential.
 

CaptJCool

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Today’s AFR had this neat summary about stock investment ...

25CFF8F4-84DE-46A9-AAAA-C86D47DD99CE.jpeg45068526-3270-4440-88BC-1E0B12951C4B.jpeg

This also aligns to the post GFC investment policy of my super fund
 

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