AFF Member Stock Discussion

[prozac]

Two sources familiar with the matter confirmed on Tuesday that China had waived the 125% duty on imports of ethane from the United States, imposed earlier in the month.

Sources: China waives tariffs against US ethane imports

Two sources familiar with the matter confirmed on Tuesday that China had waived the 125% duty on imports of ethane from the United States, imposed earlier in the month. Ethane is one of a number of products which have been exempted. This move will relieve pressure on Chinese companies that...

logistics.maritimeprofessional.com

China 'Compiling a List of US Goods Exempt From Its 125% Tariffs'

China has granted tariff exemptions on US goods such as pharmaceuticals, chips and aircraft engines and has asked firms to identify critical goods they need levy-free

www.asiafinancial.com

 

[Quickstatus]

Anyone follow Plenti which is PLT?

I've been looking.
Sounds like it bundle it's consumer loans into securities which it sells rather keeping it on the books.
They seem to be active in car and solar loans
Loan portfolio growing

 

[Mr_Orange]

Sounds like it bundle it's consumer loans into securities which it sells rather keeping it on the books.

Go and watch The Big Short, if you haven't seen it already.

I'm not saying that they are bundling up bad loans at the moment, but that could well come and would be well worth keeping a critical eye on if they ever become a tier 2 mortgage lender.

 

[Quickstatus]

but that could well come and would be well worth keeping a critical eye on if they ever become a tier 2 mortgage lender.

Their credit performance appear excellent with 1% loss.
What I don't understand is their "profit" is not statutory but rather Cash NPAT which I am not familiar with.

 

[cove]

We now have a real risk of losing our AAA rating. Australia has not been banking the good times at all.
Today Dimerix jumped 40%.
Plenti PLT needs to make a lot more money out of their loan portfolio. Growth is one thing but profitability is the winner.

 

[Happy Dude]

That is a big hit for copper @RSD.
The ASX is due for a bit of a correction and our futures say down at the moment.
Anyone follow Plenti which is PLT? Last year I called them as they were growing fast without making profits.

I don't want this to sound a churlish question, but was this an actual phone call? If so, what did they say?

Or do you mean something like, "I made a good decision/pick up/observation regarding their expansion v profitability".

I realise we're playing the same sport, obviously at different ballparks, but my green scientific cough could be lost in translation.

 

[cove]

We do call companies. My most recent calls have been to Ophir OPH, Energy Action EAX,Wilson Asset Management WAM and Acumentis ACU.
In each case we have quite a lot of shares and we tend to be holders for years.
Knowing a company is on the right track means we don’t need to change anything.

 

[Quickstatus]

Australia has not been banking the good times at all.

Unlike Norway

My most recent calls have been to

What do you call them about and who do you speak to?

 

[cove]

Typically we call the CEO or they call us. We understand that we cannot be inside traders but knowing that the company is executing its strategy is what we want to hear.
Kate at WAM heard my grizzles about WAR that was preventing us considering doing more with that whole group.

 

[Quickstatus]

Typically we call the CEO

Are you on their speed dial?
I can't imagine a CEO would be interested in talking to a small shareholder (say >0.1% of shares)?

 

[RSD]

Unlike Norway

Australia is so far backwards when it comes to managing our country and planning for the future that it won't be long before we are no longer a first world country. I've already decided that I am not going to retire in Australia - the country has just wasted the opportunities that it has been presented with over the last 20 years - it saddens me.

 

[drron]

Are you on their speed dial?
I can't imagine a CEO would be interested in talking to a small shareholder (say >0.1% of shares)?

CEOs do talk to significant shareholders. one fellow who was sent to see me by the Caloundra police because they thought he had dementia but in fact he was at the time number 7 on QLDs rich list. So he brought in one of his books of stock holdings. He had several millions of shares in both Suncorp and Metway which had just merged. He showed me the letters from the boards of Suncorp and Metway offering transport to the meeting to decide on the merger. He declined both but accepted the offer of the QLD Treasurer to send her Ministerial car to ravel to and from the meeting.

And back in the 80s I got to be on the top 10 list of Convertible Note holders in 2 companies.
I was number 2 on the Walton's list behind Alan Bond. My broker thought I was mad for standing in the market at 21 cents for the CNs. Alan Bond was standing in the market for CNs at 20 cents. Everyone knew that it was going broke but I thought about it and was certain Alan Bond was going to use CNs to get as much money as he could out of the company. So I received 3 lots of dividend payments and full cash price at the expiry date.
I could only use that trick once more with a WA timber company Whittakers. I think it was 3 family members who had more CNs than me.

 

[RSD]

CEOs do talk to significant shareholders. one fellow who was sent to see me by the Caloundra police because they thought he had dementia but in fact he was at the time number 7 on QLDs rich list. So he brought in one of his books of stock holdings. He had several millions of shares in both Suncorp and Metway which had just merged. He showed me the letters from the boards of Suncorp and Metway offering transport to the meeting to decide on the merger. He declined both but accepted the offer of the QLD Treasurer to send her Ministerial car to ravel to and from the meeting.

And back in the 80s I got to be on the top 10 list of Convertible Note holders in 2 companies.
I was number 2 on the Walton's list behind Alan Bond. My broker thought I was mad for standing in the market at 21 cents for the CNs. Alan Bond was standing in the market for CNs at 20 cents. Everyone knew that it was going broke but I thought about it and was certain Alan Bond was going to use CNs to get as much money as he could out of the company. So I received 3 lots of dividend payments and full cash price at the expiry date.
I could only use that trick once more with a WA timber company Whittakers. I think it was 3 family members who had more CNs than me.

I've deliberately stayed below the number to make the top shareholders list with one company - unlikely to come close with any others.

 

[Quickstatus]

CEOs do talk to significant shareholders.

But aren't the shareholders represented by the board so really the shareholders should be speaking to the Chair?.

 

[prozac]

But aren't the shareholders represented by the board so really the shareholders should be speaking to the Chair?.

I used to talk with a couple of CEOs. Not in that league anymore.

Edit: If I was able I'd get rid of Richard Goyder

 

[cove]

Yes we can be top 20 in shareholdings but you have to declare if you are over 5% holding.
Goodbye Goyder has a good ring to it…

 

[RSD]

So WTI is now trying to fall below US$57 per barrel - and DT wanted lower oil prices to help offset inflation caused by tariffs. I'm not sure though that he wanted the lower oil prices to be caused by a weakening economy creating a lower demand for oil due to his tariffs. Oil at $57 isn't sustainable for a lot of shale oil plays in the U.S.

 

[cove]

The world is moving into a bit of chaos with oil and copper dropping sharply @RSD.
If iron ore and coal both tank Australia will be wishing it had banked some of the good times post Covid.
Meanwhile we had Judo get hit with a wall of sellers. That one is JDO.

 

[Quickstatus]

JDO revised its performance forecasts down. The same issues might also be pertinent for PLT?

 

[cove]

We are up on PLT but am undecided about their future. Need a Time Machine for that one.