AFF Member Stock Discussion

Dr Ralph said:
FMG now at a 12 month low. Paying over 20% fuly franked dividend. Time to buy in for me.
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Dividend paid from past earnings with iron ore prices at record highs. Current price based on expectation of future earnings, based on collapse of iron ore prices ( and thoughts on prospects of China construction).

What are the yield forecasts?
 
I might even dust off the cheque book and have a look in the morning…but I agree that "silly" yield % usually point to looming issues


Screen Shot 2021-11-02 at 6.21.29 pm.png
 
Iron ore price today is under $100. Won’t pick up much until after Beijing Olympics and their smelters restart in earnest.
 
Ok we took the monkey off their backs by selling Novonix and Eclipx. Still have many ECX shares and no need to sell.
 
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Dr Ralph said:
Cromwell has been in a nice pattern for me to make some easy money. Hits $0.805 then a few days later hits $0.825. The a few days later $0.805 again. I've been in and out about 5 times over recent weeks following this same pattern. I realise it wont keep doing this, so when I 'get the timing wrong' I'm happy to hold this stock long term for the excellent dividend.
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$0.805 yesterday for Cromwell. $0.855 today. Easy money. Although looks like the pattern may be over.
 
Dr Ralph said:
$0.805 yesterday for Cromwell. $0.855 today. Easy money. Although looks like the pattern may be over.
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nice buy & sell.

I looked, I did some brief geriatric research & didn't appeal.

Sold my NAN, took the ~10% profit & let's see what else is a short term grab!
 
Tonight we are sad that CMW has broken out of that trading range. That said we have many so we are not too sad.
We only traded them a couple of times to lower our net entry price.
 
I have a little dilemma. Should I add to my CBA shares after selling about half in the buyback? So averaging up. Or should I buy more WBC shares and average down.
 
With interest rates starting to stir we are not looking at buying either CBA nor WBC.
CBA price is for perfection and WBC is priced for failure to convince the market that they are back on track. At some stage WBC may get it right but that isn’t in 2021.
We are a WBC customer and they have been missing business.
 
MARTINE said:
To those of us who own Sydney Airport it looks like there’s movement afoot - and I don’t mean the planes flying again
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Sydney Airport lands $32b takeover deal​

By Patrick Hatch​

Sydney Airport has agreed to a $32 billion takeover bid by a consortium led by the superannuation fund-backed IFM Investors.

www.finnewsnetwork.com.au

Sydney Airport (ASX:SYD) is set to land on takeover deal

08 Nov 2021 - Sydney Airport (ASX:SYD) has agreed to a takeover offer from Sydney Aviation Alliance (SSA) following weeks of negotiations and due diligence. The national airline has entered into a scheme implementation deed with SSA, a consortium made up of IFM Investors, Australian Super and...
www.finnewsnetwork.com.au www.finnewsnetwork.com.au
 

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