AFF Member Stock Discussion

[drron]

This particular company hasn't been around for very long, but the management knows their stuff and they are exploring country that gave up a lot of gold in the 1800's (old mine sites everywhere) but it has been extremely underexplored ever since - certainly not with modern sensing techniques and drill programs etc.

That could well be one I have as certainly the last few years has shown that the best place to find a lot of gold in these times is to look near or under an old gold mine as was done by Spartan and a few others. The new tools for exploration have meant a great increase in chances of finding gold.
And especially if the exploration is being done by people who have done it all before.

 

[Kerrodt]

Have an invite to a call on Latitude Financial tomorrow. They seem to be in better shape than when they were listing which was at the start of this thread.
Is it an unearthed gem now?

Read reviews from customers/attempted customers on their products and services. Generally quite negative which may be a pointer to more serious internal issues.

 

[drron]

Well you all should have been in IVZ today. A struggling oil and gas explorer with a probable world class project in Africa. Overnight announced a tie up wth a Qatari gas producer. So up 135% at the moment for today. A nice smile on my face.

 

[prozac]

WOW down a bit today. More to come?

 

[Dr Ralph]

WOW down a bit today. More to come?

I think so.

I'll look at it sub $25.

 

[tgh]

IVZ = A nice smile on my face

Will you sell or hold ?

 

[drron]

IVZ = A nice smile on my face

Will you sell or hold ?

i'll hold as they are now quaranteed financing through to production.

 

[RSD]

That could well be one I have as certainly the last few years has shown that the best place to find a lot of gold in these times is to look near or under an old gold mine as was done by Spartan and a few others. The new tools for exploration have meant a great increase in chances of finding gold.
And especially if the exploration is being done by people who have done it all before.

Middle letter of their ASX code is G?

 

[cove]

We dipped into Woolworths at the close which will probably prove to be too early.
Bought some Reece as they went lower.
They were the two with the worst reports.

 

[Mr_Orange]

REH is looking pretty bad now. That was a huge gap down and it's has closed down near its low today.

 

[cove]

Have dealt with Reece for a couple of decades before we sold our business. In Australia they have a very good position in plumbing supply. They are located around Australia so they get the good with the bad. Currently doing business in Victoria would be difficult and most of NSW’s heavily populated areas have been affected by non stop rain. The American business is much more difficult with competition.
I think the Reece management will figure it out and make changes needed.

 

[one9]

I bought REH ($10.93), CSL ($215.32) & ARU ($0.18) today & took profits on CCL ($3.62). I think REH has been oversold, and CSL was previously overvalued and is now closer to fair value. I would sell them both in the short term if they had a quick increase, but they are both stocks I would be happy to hold for a couple of years if I need to. ARU bought at $0.18 is a bit more of a short term gamble. I am a big believer in CCL, having bought for $2.45 shortly after the IPO in November, but took profits today due to the recent spike. I hope to buy more if there is a drop.

I wish I had sold out of WOW a month or so when I was thinking about it. I'd also consider buying more below $25 but don't like them at all.

Tomorrow will be interesting to see how scaled back I am on the LTR SPP.

 

[prozac]

Have dealt with Reece for a couple of decades before we sold our business. In Australia they have a very good position in plumbing supply. They are located around Australia so they get the good with the bad. Currently doing business in Victoria would be difficult and most of NSW’s heavily populated areas have been affected by non stop rain. The American business is much more difficult with competition.
I think the Reece management will figure it out and make changes needed.

The CEO came out a day or two ago and said numbers are bad because of WFH? Must be more to it than that...yes I know in US building figures are down and it will take an uptick to sell more plumbing supplies. But WFH, is that a real reason, b/c they cannot get people back to work?
Meanwhile keeping an eye on WOW.

 

[cove]

Took up some Ophir Global Opportunities Fund units tonight. Ophir re-opened the fund this month. You have to be a sophisticated investor to subscribe.
I took up the Silex SPP too.
We sold some Codan before their latest rally.

 

[drron]

Middle letter of their ASX code is G?

Not one of mine but maybe on my watch list. though have had a fatality in Child which could set thm back. several other junors with G in the midlle though.