AFF Member Stock Discussion

[Mr_Orange]

Now we are behind in WAR so we bought some at 1.065 with the hope that I can get rid of the lot of the if they go up to $1.15. I do hope we are not dreaming.
Averaging down can be very risky……

Same for our SMSF holding, although, with the dividends, we are up... just. The dividends have certainly picked up recently. Like you, I would be happy with a break even sale, netting the dividends as profit. WAR has not been all that Wilson cracked it up to be.

 

[drron]

Today I attended the Noosa Mining Conference. Some very interesting presentations.

 

[prozac]

Droneshield (DRO) continues to fall, today rather more dramatically 31%. Might be good for a decent buy when the dust finally settles.

 

[Mr_Orange]

Droneshield (DRO) continues to fall, today rather more dramatically 31%. Might be good for a decent buy when the dust finally settles.

Save your money, don't bother. That stock isn't worth touching, even with someone else's money.

 

[cove]

Peel and Cedar Woods presented last night. That is PEX and CWP.
Trying to get some PEX but market has moved up.
The only risk to Cedar woods would be a major cut in immigration that looks unlikely to occur.

 

[prozac]

Save your money, don't bother. That stock isn't worth touching, even with someone else's money.

Interesting view, same as my broker. I am looking at the way it bounces around and maybe good for a trade.

 

[Mr_Orange]

Interesting view, same as my broker. I am looking at the way it bounces around and maybe good for a trade.

But it's not bouncing, it's in freefall! Your money, your choice, though.

 

[prozac]

But it's not bouncing, it's in freefall! Your money, your choice, though.

Might be good for a decent buy when the dust finally settles.

I didn't think it was necessary get into an full-on explanation given my above comment. Most here would recognise that. Price doubled shortly after the first time I mentioned it.

 

[cove]

Droneshield DRO was not helped by the AFR story that the CEO and 2 directors had dumped $50 million of shares on the market without any explanation.
I wonder if ASX and ASIC may seek to cancel these trades.

 

[tgh]

GNC has had a big fall, if I was buying anything looks a likely prospect atm

 

[lakeman]

GNC has had a big fall, if I was buying anything looks a likely prospect atm

35% drop in profit and challenging international conditions ?

 

[tgh]

35% drop in profit and challenging international conditions ?

I hold shares for the long term, short term hiccups can be a buying opportunity.

 

[Mr_Orange]

35% drop in profit and challenging international conditions ?

35% drop in profit and challenging international conditions ?

I hold shares for the long term, short term hiccups can be a buying opportunity.

I'm going to have a closer look at GNC this evening but from a first glance at the chart, it's looking more than shaky.

 

[tgh]

looking more than shaky.

Fundamentals are good.. good business, low debt, limited competition..sales can be volatile.
It has had a few good years and carried up by the general euphoria.
The drop is a double whammy.. market caution and a sales hiccup..
Primary production businesses are often volatile.. but have a support floor as a seminal business (farmers go broke/country goes broke)
If I was buying I would certainly be watching and waiting for a bit...

 

[tgh]

Quite a lot of buyers bidding at $7.80 this am.. so it may stabilise..or it may not...

 

[drron]

Spent another day at the Noosa Mining conference. A couple of notable attendees at the first day of the conference with 2 members of the board of Ivanhoe Mines in attendance. They flew in 2 days before the conference, attended the first session on wednesday and flew out on thursday. They were sitting behind me.
As an 18 billion CAD market cap company I doubt the were just there to see Noosa.

 

[eastwest101]

Spent another day at the Noosa Mining conference. A couple of notable attendees at the first day of the conference with 2 members of the board of Ivanhoe Mines in attendance. They flew in 2 days before the conference, attended the first session on wednesday and flew out on thursday. They were sitting behind me.
As an 18 billion CAD market cap company I doubt the were just there to see Noosa.

Well looking at the program, it would not be a stretch to narrow it down to Ivanhoe being interested in the presentations for CPO FBM GED COB and maybe QML. Them not being there for Thursday or Friday is definitely weird though, as you imply - a long way to fly for them just to see 1 day out of a 3 day presentation schedule.

 

[Freq Flier 2013]

Drone shield article. AFR

https://www.afr.com/technology/hedge-fund-says-droneshield-had-17-red-flags-20

 

[ramamba]

Drone shield article. AFR

https://www.afr.com/technology/hedge-fund-says-droneshield-had-17-red-flags-20

Hedge fund says DroneShield had 17 red flags

The multibillion-dollar hedge fund is short the drone platform stock, which has slumped after its chief executive offloaded all his shares with no explanation.

www.afr.com

here's a correct link

 

[prozac]

Hedge fund says DroneShield had 17 red flags

The multibillion-dollar hedge fund is short the drone platform stock, which has slumped after its chief executive offloaded all his shares with no explanation.

www.afr.com

here's a correct link

Matthew Kidman, a portfolio manager at Centennial Asset Management, has also owned shares in DroneShield and said the sharp fall in the stock on Thursday was indicative of investor concerns about the company.
“There is a way to go about it and sometimes insiders sell part of their stake and explain why they’ve done it,” Kidman said. “Just getting your shares straight away and selling them almost automatically, and 100 per cent of them, is a different message to most investors, and that’s what’s been difficult for most people to comprehend. Obviously, people are upset.”

Biggest red flag of them all.