AFF Member Stock Discussion

I do have some BOQPE hybrid securities as a way to earn a return while I am thinking about what's next.
BOQ shares directly have been dropping for quite a while.
They may be close to a bottom but profit downgrades don't help a share price.
 
cove said:
I do have some BOQPE hybrid securities as a way to earn a return while I am thinking about what's next.
BOQ shares directly have been dropping for quite a while.
They may be close to a bottom but profit downgrades don't help a share price.
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Why don’t you sell some put options over bank share? They had a few down days and you can pick up some premium for a few months in the lead up to dividend season.
I find it a good way to make some extra profit in a sideways market.
 
Writing options is something I stopped doing purely because I wanted to tidy up my affairs a bit as I head into my 70 to 79 years age group for the first time.
I used to have a deal where I earned 6% on hybrids using 4% borrowed money a while ago and that worked well.Leaving that to Mrscove to handle if I dropped off the perch was why I stopped it.
This week I trimmed our holding in Cedar Woods (CWP) and MAH as they hit new highs.
i did buy EZPW which is a money lender based in Austin Texas and the shares shot up almost 40% straight away. That was pure luck with a buy back being announced.
On the downside Energy Action and Thorn Group are going nowhere in 2019. Maybe 2020 will be their year but maybe not.
A private equity bid for Village Roadshow will be helpful as I held too many in 2019.
 
Dr Ralph said:
BOQ SPP offer closes December 20.

Any thoughts? Price could be better than the recent Westpac offer:
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I decided not to in the end as I figured they might drop lower anyway... and I am too heavily weighted in financials (and it's been a terrible year for them, they're dragging down my whole portfolio).
cove said:
BOQ has gone poorly and may be a takeover target.
Click to expand...
You think Bendigo will make a play for them at some point?
 
BOQ SPP update:

'UPDATE IN RELATION TO SHARE PURCHASE PLAN Monday, 23 December 2019, Brisbane: Bank of Queensland Limited (BOQ) provides the following update in relation to the Share Purchase Plan (SPP) following the closing of the SPP at 5:00pm (Sydney time) on Friday, 20 December 2019. The SPP was announced by BOQ on 25 November 2019 in conjunction with BOQ’s fully underwritten $250 million institutional placement. The SPP was extremely well supported with BOQ having received applications for approximately $90 million from shareholders, which remain subject to final reconciliation and clearing of payments. The issue price per new fully paid ordinary share (Share) under the SPP will be $7.27 per Share, which represents a 2% discount to the VWAP1 of BOQ shares traded on ASX between 16 December 2019 and 20 December 2019 (inclusive). As a result of the strong support for the SPP received from shareholders, BOQ has decided to accept all valid applications from Eligible Shareholders2 in full with no scale back to be applied. Accordingly, BOQ expects to raise approximately $90 million under the SPP, with the final amount and number of shares to be issued expected to be announced on or around 30 December 2019, once the reconciliation process is complete. BOQ expects the Shares to be issued on Thursday, 2 January 2020 and to commence trading on ASX on Friday, 3 January 2020.'

I'm in for a quick stag on this.
 
Dr Ralph said:
BOQ SPP update:

'UPDATE IN RELATION TO SHARE PURCHASE PLAN Monday, 23 December 2019, Brisbane: Bank of Queensland Limited (BOQ) provides the following update in relation to the Share Purchase Plan (SPP) following the closing of the SPP at 5:00pm (Sydney time) on Friday, 20 December 2019. The SPP was announced by BOQ on 25 November 2019 in conjunction with BOQ’s fully underwritten $250 million institutional placement. The SPP was extremely well supported with BOQ having received applications for approximately $90 million from shareholders, which remain subject to final reconciliation and clearing of payments. The issue price per new fully paid ordinary share (Share) under the SPP will be $7.27 per Share, which represents a 2% discount to the VWAP1 of BOQ shares traded on ASX between 16 December 2019 and 20 December 2019 (inclusive). As a result of the strong support for the SPP received from shareholders, BOQ has decided to accept all valid applications from Eligible Shareholders2 in full with no scale back to be applied. Accordingly, BOQ expects to raise approximately $90 million under the SPP, with the final amount and number of shares to be issued expected to be announced on or around 30 December 2019, once the reconciliation process is complete. BOQ expects the Shares to be issued on Thursday, 2 January 2020 and to commence trading on ASX on Friday, 3 January 2020.'

I'm in for a quick stag on this.
Click to expand...
Shares issued at $7.27. Sold today for $7.37. Not the best stag I've ever had, but I've taken it.

Now thinking of buying some CSL. But fear I may have missed the boat.
 
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I was buying OPH this week. They are going well with a net worth of about $2.80 so I could get their current portfolio at a pretty good discount seeing I averaged $2.48. They are Ophir High Conviction. They are fun people to follow and they do great research. Seems there is a seller at $2.50 stopping the price rising this week
Sold some more CWP but I will probably keep the rest. They are Cedar Woods.
Years ago a director of a company I invested in said to me “you have too much f....ing money”. I wonder if that was a compliment...... I still hold those shares and they are up way more than 10 times.
My worst share went $3.95 to zero. I spend more time on the red ones than the green ones.
 
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MQG and CSL are still running hot.
OPH announced a share buy back and that was helpful.
 
While I am really enjoying the run ; it can't last forever and a pull back to the mean will come sometime

Qld re market is warm with asking prices on new listings escalating substantially
 
Anyone noticed Tesla (TSLA) recently?

1580984257934.png

Just came off last night after a run of 15%-20% day-on day increases.
1580984300118.png
 
The falling interest rate cycle is getting closer to the end so you might incur a loss if interest rates start rising.
 
I have just bid for shares in Bendigo Bank at the issue price of $9.34 which is 9% under their trading price on Friday after allowing for a dividend.
The market may struggle post issue so you may get a chance to buy them for less than the issue price like with Westpac and Bank of Queensland.
With Westpac they are now up $1.40 on the $24.20 issue price.
CBA and MQG are doing better than the ones I have mentioned.
 
Have been more interested in overseas markets of late - Metro Bank and Bank of Ireland both being of interest.
 

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