AFF Member Stock Discussion

[FromTheRail]

I hadn't looked at VMS before. The Mt Lindsay tin project has been around .. forever! Good to see its getting another run. Interesting that they have just re-stated an old (2004) JORC resources statement; with the increase in the tin price, the lower % cut-offs become more relevant, other things being equal.

Although the tin price is great ATM, its history is such I find it hard to get excited, esp a new project.

Profit from Ore to be used to explore & fund the other tenements/targets

Ore in shed:

 

[FromTheRail]

Am a bit surprised by this -

 

[burmans]

Depends on what they can borrow at really. As a government entity with good credit rating it would be low and reasonably easy to find a better return on assets for the money borrowed.

Though sure, some risk.

 

[RooFlyer]

Ore in shed:

That would have to be the cleanest iron ore I've ever seen! Or at least the palest.

 

[cove]

If you remember Latitude Financial......they just scored an outperform rating this morning from Macquarie. We won’t bother to get onboard at this stage.

 

[Mr_Orange]

If you remember Latitude Financial......they just scored an outperform rating this morning from Macquarie. We won’t bother to get onboard at this stage.

All that tells you is that Macquarie have something to gain from persuading clients to buy in.

 

[Kerrodt]

If you remember Latitude Financial......they just scored an outperform rating this morning from Macquarie. We won’t bother to get onboard at this stage.

Latitude is also in the news today because they have agreed to buy startup personal loans business Symple for $200m in cash and shares. The attraction of the business to Latitude is the technology platform that the business runs on. The plan is to migrate all of the personal loan business onto the new platform. Symple are also about to launch their product in Canada so it now seems that Latitude will be heading off to Canada.

 

[MooTime]

TLS having a beaut run in 2021.

Glad I can say I got this one right, very right, snapped it up 12month ago in Sept at $2.85, my research led to it being near low & seemingly undervalued.
2021 seen them shake up their business with the poles being separated which is seen as value adding.

re; Latitude, I was involved in a couple research sessions regarding them & what they offer, how different to other business in same industry & how they are different & how noticeable they are to others. I hear it was an extensive & wide research the undertook.

I did not invest in them.

 

[TheRealTMA]

Latitude is also in the news today because they have agreed to buy startup personal loans business Symple for $200m in cash and shares. The attraction of the business to Latitude is the technology platform that the business runs on. The plan is to migrate all of the personal loan business onto the new platform. Symple are also about to launch their product in Canada so it now seems that Latitude will be heading off to Canada.

Lattitude has such an advanced technology platform that for their 28 degrees card they can't even provide downloadable financial data for your card so you can put into Money or spreadsheet, despite my asking them for several years.

 

[cove]

Today Novonix took in a partner and the shares surged. That code is NVX.

Have always thought of Latitude /28 Degrees as not being more than fringe dwellers in the financial system. They may come good so we are watching. The float was not very successful and we do like cheap.....

 

[RooFlyer]

Ore in shed:

@FromTheRail , what's the source of that image, please? I'm not doubting anything you've said, just curious about what its showing.

 

[RooFlyer]

A lovely set of numbers from CBA. $6 bill off market buyback ...divi of $3.50/share (interim of $1.50 already paid) ...

 

[cove]

it is difficult to sell out of CBA even though they are overpriced . We are still there too.
CBA is priced for perfection and their latest result is close to that.

 

[MARTINE]

A lovely set of numbers from CBA. $6 bill off market buyback ...divi of $3.50/share (interim of $1.50 already paid) ...

View attachment 255167

Lovely set of numbers
for years I’ve had the mantra of buy the banks and deposit little into them!!

 

[RooFlyer]

As I've mentioned before ... the best bit of advice from my financial advisor that I ignored when I retired was to sell CBA because I was overweight in them. I was, and still am. As a consequence, super fund direct-held share portfolio value took a big hit compared to managed funds with the COVID sell-off, but the ship has now righted itself.

BTW, anyone know if the dividend component of the buy-back price (which will be fully franked) will attract matching by that nice Mr Frydenberg?

 

[MARTINE]

As I've mentioned before ... the best bit of advice from my financial advisor that I ignored when I retired was to sell CBA because I was overweight in them. I was, and still am. As a consequence, super fund direct-held share portfolio value took a big hit compared to managed funds with the COVID sell-off, but the ship has now righted itself.

BTW, anyone know if the dividend component of the buy-back price (which will be fully franked) will attract matching by that nice Mr Frydenberg?

Yes
my second rule is that the best financial advisor is me

 

[MARTINE]

Yes
my second rule is that the best financial advisor is me

Meant to be MY best financial advisor is me. My original post sounded like I was a wannabe Warren Buffett!!!!

 

[MooTime]

I sold out of GXY for break even at $1.50, was a typical frustrated retail investor on that stock, now it's well above $5 in a short time.

It hurts, real bad.

 

[Buzzard]

TLS having a beaut run in 2021.

Glad I can say I got this one right, very right, snapped it up 12month ago in Sept at $2.85, my research led to it being near low & seemingly undervalued.
2021 seen them shake up their business with the poles being separated which is seen as value adding.

re; Latitude, I was involved in a couple research sessions regarding them & what they offer, how different to other business in same industry & how they are different & how noticeable they are to others. I hear it was an extensive & wide research the undertook.

I did not invest in them.

I got out and back in at the right time so no complaints from me. A friend got in at over $4 so is still waiting for TLS to come back.

 

[burmans]

it is difficult to sell out of CBA even though they are overpriced . We are still there too.
CBA is priced for perfection and their latest result is close to that.

Cant remember how many times I've read market 'experts' saying CBA is overvalued yet not selling has been one of my best decisions ever. Just a year ago lots of talk about coronavirus and how banks would be the worst affected. Lucky I didn't take that advice.