AFF Member Stock Discussion

Well @drron that has been happening to quite a few stocks where I read a good report and the shares go down like a Coles promo. Down down the prices are down!
We are getting some PC Gold shares in a placement today.
 
I am no where near being able to participate in those shares placements but I love researching resources companies 40 years ago I was good friends with a fellow who was the CEO of a WA gold company and he taught me a lot.
At present I feel like I am being stalked by Hancock Prospecting. Of the last 7 companies I have bought they have come along and bought into 5 of them.
 
We received 20% of our bid for the FireFly placement.
Decided to get some Smart Parking shares before they start their share buyback in September.
 
Wilson Asset WAM had a horror result.They may have damaged their brand.
Very happy with the Waterco result. That was a good read with 44 cents per share earnings.
We don’t have too many VGN shares but their result was ok. We sold quite few on the Bain rumour.
Happy with Pepper taking on some HSBC business.
 
cove said:
Wilson Asset WAM had a horror result.They may have damaged their brand.
Very happy with the Waterco result. That was a good read with 44 cents per share earnings.
We don’t have too many VGN shares but their result was ok. We sold quite few on the Bain rumour.
Happy with Pepper taking on some HSBC business.
Click to expand...
Don't have WAM fortunately, but did test the world of LICs with a very small purchase of WLE (wam leaders). Lesson learnt. Still have them, waiting to get out with even a ½ decent return.
Issue of new shares ( @2.5% discount) closes Monday. A very weak method of growing an LIC business ( i.e. their 1% fee), gives me even less confidence.
 
Interesting that Kohler has personally gone to cash, just another data point in fragile times

I spoke to a (successful) market timer, Marcus Padley, for this week's subscriber-only Talking Finance podcast because he has gone to 100% cash. As he explained, for him it's all about risk and reward - he can't see that the reward from here is worth the risk. I feel the same, and my portfolio is roughly 70% cash.

 
tgh said:
Interesting that Kohler has personally gone to cash, just another data point in fragile times

I spoke to a (successful) market timer, Marcus Padley, for this week's subscriber-only Talking Finance podcast because he has gone to 100% cash. As he explained, for him it's all about risk and reward - he can't see that the reward from here is worth the risk. I feel the same, and my portfolio is roughly 70% cash.
Click to expand...
I followed/subscribed to Marcus Padley for a while, found him very conservative. Nothing wrong with that if it aligns with your situation.
 
tgh said:
Interesting that Kohler has personally gone to cash, just another data point in fragile times

I spoke to a (successful) market timer, Marcus Padley, for this week's subscriber-only Talking Finance podcast because he has gone to 100% cash. As he explained, for him it's all about risk and reward - he can't see that the reward from here is worth the risk. I feel the same, and my portfolio is roughly 70% cash.
Click to expand...

I love Marcus Padley and didn’t realise he had a podcast. The subscription is rather steep for someone like me who would just like the podcast. Do you find the other resources useful?
 
It is possible that the RBA could lift the official cash rate in the next 90 days as inflation is still a problem.
We have our industrial rents linked to the CPI.
 
cove said:
It is possible that the RBA could lift the official cash rate in the next 90 days as inflation is still a problem.
We have our industrial rents linked to the CPI.
Click to expand...
Mine are CPI or minimum / maximum whichever is greater.
Interest rates will be going up. RBA erred.
 
If you get disenchanted with stocks Mrscove showed me an article on Florida real estate near Disney World tanking.The English Telegraph reported drops to $300,000 USD from $700,000 USD for nice condos.
Yes interest rates on government debt is now rising world wide so that will make it tough for anyone who has a variable mortgage interest rate.
 
cove said:
$300,000 USD from $700,000 USD for nice condos.
Click to expand...

Are these older condos near the beach?
I would think twice buying older condos within 3 miles of the ocean.
There are new regulations in place that mandates structural inspection at 30 years and Condo associations must demonstrate enough reserves to address structural issues. If not enough reserves there are State Special assessments.

These changes were due to the recent building collapse

Currently sales are oversaturated with people wanting to sell
 
I missed a buying opportunity in Maui in about 1984. We stayed in a condo and several units were for sale at $US200000.. The agent said make an offer as some are desperate. So I flippantly said 100000 and it was accepted. Seriously thought about it but we still had a mortgage but enough money to pay for it.
Absolutely should have as we went back in 1991 and they were selling for 1 million US dollars. But that wasn’t all. In 1984 it was pre floating of the Aussie and in Aussie dollars we would have paid just over 90000. But in 91 the Aussie was about 70 cents so we could have gotten 1.4 million dollars.
One of my worst decisions .
 

Become an AFF member!

Join Australian Frequent Flyer (AFF) for free and unlock insider tips, exclusive deals, and global meetups with 65,000+ frequent flyers.

AFF members can also access our Frequent Flyer Training courses, and upgrade to Fast-track your way to expert traveller status and unlock even more exclusive discounts!

AFF forum abbreviations

Wondering about Y, J or any of the other abbreviations used on our forum?

Check out our guide to common AFF acronyms & abbreviations.

Recent Posts

Currently Active Users

... and 22 more.
Total: 4,959 (members: 72, guests: 4,887)
Back
Top