AFF Member Stock Discussion

[cove]

Australia should not be running deficits in any State nor Federally. Currently we are shoveling debt onto our next generations due to lack of discipline.
We are currently in California and you probably would not want to retire here as the cost of living is still rising here.
Thought about driving up to Sacramento to look at Cobram’s land purchase but have decided against it.
Have both Trajan and IPH tanking along with a small holding in CSL. Just letting them all reset their market pricing before considering averaging down.

 

[tgh]

The intelligent masses all understand that deficits ( the bigger the better) allow them to live beyond their means at someone else's expense.
It's a no brainer , why wouldn't they vote for that ?

 

[Dr Ralph]

Reece up nearly 15% this morning. A buy back announced.

 

[cove]

Yes Reece had 2 choices and chose the buyback. That has removed a red one from our holdings.

 

[Brissy1]

Reece up nearly 15% this morning. A buy back announced.

15% is an insanely excessive (over)reaction; buybacks don't magically create $, it's just a company allocating capital which the company already has. I suppose it does say that the directors think that it has excessive capital which it can't get a better ROE on (or if I'm cynical that the CEO wants to meet his share price KPI)

 

[flydoc]

Rare earths: LYC SPP closed Friday, currently up 15% on issue price . Arafura Resources ARU who have been developing the Nolan’s rare earth project for what seems like forever are also currently tapping shareholders for more cash and having to work a bit harder to convince long term financiers and the market.

 

[Ansett Nostalgic]

The intelligent masses all understand that deficits ( the bigger the better) allow them to live beyond their means at someone else's expense.
It's a no brainer , why wouldn't they vote for that ?

Correct. Unfortunately the number of people who vote themselves benefits for a living are greater in number than those who work for a living.

 

[Quickstatus]

Nice jump for SLX after their SPP