AFF Member Stock Discussion

[Flashback]

This aligns with my experience also. Use them to manage two small business but the price increases are rapidly make me wonder what for. The one thing XERO seems to do well is integrate with other apps, so connecting to Stripe, Wise etc is one of the main reasons I'm sticking with them..

anyway, off topic for a Stock discussion.

I use FreeAgent in the UK. Works well and has good integrations. Haven't checked, but if it's AU friendly might be worth a look?

 

[Dr Ralph]

I'm on MVF and NWH today.

Another 'incident' at Monash today. Stock down 25%. Time to get some more!

 

[cove]

MVF is making mistakes so there may be better ideas elsewhere.

 

[Quickstatus]

Another 'incident' at Monash today

I dont think it is time to get more. Likely what will happen is the Dept of Health and maybe RTAC will get involved, and this will get messy before it gets better. Potentially its license might be at risk or may become conditional

 

[Kerrodt]

I made the comment to an investor friend after the first MVF problem that it was unlikely to be a one off incident and that more might follow. If the internal controls are rigid enough this shouldn’t happen. The fact that it happened once means the controls aren’t tight at all and in that situation why would “only one” issue occur?

 

[Quickstatus]

unlikely to be a one off incident and that more might follow

There are always incidents but are of minor consequence that they are handled inhouse, but the Brisbane one is a reportable serious incident and cannot be "hidden" - so I can understand a one off reportable incident- it is not possible to be entirely errorfree.
But two reportable incidents?. No, the regulators will step in.

 

[cove]

John’s Ling may be in play. That is JLG.AFR article today so trading halt.

 

[Quickstatus]

Anyone got JLG?

John’s Ling may be in play. That is JLG.AFR article today so trading halt.

I dipped my toes in last week

 

[cove]

We have JLG too

 

[Ansett Nostalgic]

View attachment 449893

I dont think it is time to get more. Likely what will happen is the Dept of Health and maybe RTAC will get involved, and this will get messy before it gets better. Potentially its license might be at risk or may become conditional

So it was a donor egg to someone else and they gave it back to the donor? Sounds like a messy situation and there should be harsh consequences for this type of mistake.

 

[Mr_Orange]

I'd say that whatever news comes after the trading halt won't be good (but not necessairly bad), thus confirming its current price trend.