AFF Member Stock Discussion

[cove]

With Tyro we had none so we started with a modest purchase at $2.48 today. No need to risk a chunk while the news swirls around so we may get satisfied with their updates and add to our holding. It may take a while but they were growing nicely up until this product glitch.

 

[moa999]

It's a big stuff up to overcome for Tyro.
Hard to earn back trust when that's your core business.

 

[cove]

Yes @moa999 that is why we bought just 20,000 TYR as a first purchase. Most of the failures were from third party hardware rather than TYR operating system. That said small traders were badly hurt by terminals not operating and that has created reputational damage and business losses.

 

[cove]

Bidding for Core Lithium CXO this morning. It was getting rushed @25 cents placement price.

 

[Kerrodt]

Yes @moa999 that is why we bought just 20,000 TYR as a first purchase. Most of the failures were from third party hardware rather than TYR operating system. That said small traders were badly hurt by terminals not operating and that has created reputational damage and business losses.

In addition to small traders getting hurt, investors - a lot of investors - got hurt and the trust that they have had in management over the alleged robustness of their systems has been dented badly. This will no doubt lead to a discount to the lofty share prices that TYR enjoyed pre-crisis once the dust settles. Further discounting the share price will be the lingering potential for lawsuits/class actions from shareholders and customers, which will undoubtedly come.

 

[cove]

Yes @Kerrodt TYR is going to have quite a few issues.
We got most of the GMR placement we applied for on Friday.

 

[Mr_Orange]

A curious buy, then!

 

[cove]

Took up the Cyclopharm share purchase plan with the hopeful expectation of an FDA nod In the US. That nod may be coming in 2021.
Went for Core Lithium placement and it was getting rushed as the project is not far from the Darwin shipping port. That one was thru Bell Potter.

 

[cove]

Other than investing in Ophir unlisted funds we have decided to avoid investing in unlisted assets. As we get older we don’t want to create long term headaches for beneficiaries. When we look at our track record there have been more failures than successes other than Folkestone/Charter Hall and Ophir investments. When Folkestone was running all their funds had an exit date strategy and we liked that.
With Ophir you can exit fairly if you need to sell.
Our Novotel Sydney International Airport investment has been caught out by international flights dropping to near zero but this quarter they are about 80% full thru excellent marketing.
When we started flying to the US we would stop at the Hilton Sydney Airport several times a year and we liked it breaking the Qantas run of Perth-Sydney- Los Angeles. That hotel is now a lovely renovated Novotel.
Looking forward to seeing Secos SES biodegradeable bag gross profit figures and Resimac’s figures this month. RMC shares have been moving up despite the competitive home lending market they operate in.

 

[Dr Ralph]

I'm on WOR & IFL today.

Didn't intend to sell so quickly, but I'm out of both of these today. Easy money on shares I was prepared to hold for the medium term. Day trading not my style, but 5+% profit on your money in 2 days is very acceptable.


Bought WOR at $9.70. Sold at $10.30.

Bought IFL at $3.10. Sold at $3.34.

 

[cove]

@Dr Ralph that was quick.

 

[daft009]

I'm playing around with crypto last few weeks.
Still getting my feet wet so using minimal funds but not hard to get 30-100% returns in 24hrs

Edit: also just as easy to lose money just as quick

 

[cove]

@daft009 just remember we are in the roaring twenties where stupid valuations can prevail before tears.

 

[Dr Ralph]

I'm on SYD and AGL today.

 

[cove]

We are glad we bailed out of AGL at $19 and we should have shorted them but didn't.

 

[Mr_Orange]

I'm on SYD and AGL today.

I hope you are shorting AGL!

 

[cove]

We were gobsmacked at Nick Scali NCK gross margin on sales @64%.
Temple & Webster is more modest. We will stay with TPW.
Marley Spoon MMM went up despite our doubts so we are holding to see their next lot of figures.
Today we took up the Share Purchase Plan @34 cents for Micro X which is MX1. First buy was 14 cents so this one feels a bit expensive.

 

[Mr_Orange]

We were gobsmacked at Nick Scali NCK gross margin on sales @64%.

Really? It's Amart quality furniture made in the same factories in China but sold at 5-10x the price.

With Covid lockdowns, everyone has been online buying stuff because they haven't been able to spend their money in restaurants, pubs and coffee shops.

 

[cove]

Have never graduated from restaurants to get to A Mart nor Nick Scali. We can avoid them.
Thought Adairs was a joke as we could get our equivalent supplies in Los Angeles at a fraction of the cost.
We decided not to support businesses that received Job Keeper when their end of year figures showed record profits. That means we will avoid Premier Investments brands and Nick Scali stores along with a slew of others.

 

[cove]

AGL are reporting on Feb 11th according to Bell Potter and consensus is a profit of around $309 million. They will be writing down assets by about $2 billion so it is a big screw up and we are not going there until all the facts are out in the open.