AFF Member Stock Discussion

[Happy Dude]

@Mr_Orange - there's bound to be some chatter on Ozb. Some of it useful even.

 

[Mr_Orange]

@Mr_Orange - there's bound to be some chatter on Ozb. Some of it useful even.

Thank you. I'll suit up and head on over.....

 

[Mr_Orange]

I've gone back in for some more @$2.77.

Risky, IMO. The Daily and the Weekly are showing a clear down trend for now.

Post automatically merged: Nov 9, 2022

Does anyone have any experience with Tiger Brokers? Thre is pretty decent cashback offer through Shopback but was wondering if there is anything I should be aware of before taking the plunge.

Based on the OzBargain chatter, I decied to leave this alone as it looked too much like hard work to actually secure the cashback.

 

[MARTINE]

Risky, IMO. The Daily and the Weekly are showing a clear down trend for now.

Post automatically merged: Nov 9, 2022

Based on the OzBargain chatter, I decied to leave this alone as it looked too much like hard work to actually secure the cashback.

If it looks too good to be true….

 

[Mr_Orange]

The sun is shining, all holdings are lit up in green and the world is a happier place today

 

[Dr Ralph]

The sun is shining, all holdings are lit up in green and the world is a happier place today

Yes, sans QBE, IAG, ORG and BXB.

 

[drron]

I had a really good day yesterday amongst all the red with IVZ.

 

[Buzzard]

Yes, sans QBE, IAG, ORG and BXB.

Let's face it though, ORG skyrocketed on Thursday 10/11 due to takeover talk so it's no surprise it came down a few cents.

 

[Dr Ralph]

PL8 SPP announced today.

 

[TonyDoh]

PL8 SPP announced today.

PL8 is one of my favourite stocks - As a retiree, a fully-franked monthly dividend is a wonderful thing.

I was very pleased to see this announcement today. It should be a very popular offer. I suppose the big question is whether there will be sufficient shares on offer to satisfy demand or whether there will be a scale-back.

 

[Dr Ralph]

PL8 is one of my favourite stocks - As a retiree, a fully-franked monthly dividend is a wonderful thing.

Same for me. My other favourite is WAM.

It should be a very popular offer.

I doubt it. Generally SPP's aren't very popular at all.

I suppose the big question is whether there will be sufficient shares on offer to satisfy demand or whether there will be a scale-back.

If you have a look at how many shares will be offered and the number of current shareholders I think it unlikely that a scale-back will be needed.

Scale backs for non ASX 300 companies aren't common.

 

[TonyDoh]

Same for me. My other favourite is WAM.

I doubt it. Generally SPP's aren't very popular at all.


If you have a look at how many shares will be offered and the number of current shareholders I think it unlikely that a scale-back will be needed.

Scale backs for non ASX 300 companies aren't common.

Dr. Ralph, Thank you for your valuable comments. As you will have gathered, I am a big fan of SPPs. I see this one from PL8 as a great deal, and a good opportunity to build up my holding. I can see why some shareholders might be hesitant given the volatility in markets these days.

Having been in many SPPs which have been scaled back over the years, I suppose it is the first thing I fear when I qualify for what I see as a good one. Hopefully you are right and there will be no scale back.

 

[one9]

Same for me. My other favourite is WAM.

Do you have just 1 stock each of PL8 & WAM or are these actual investments? For SPP 1 stock purchases, how do you choose non ASX300 stocks that you think have potential of offering SPPs?

 

[Dr Ralph]

Do you have just 1 stock each of PL8 & WAM or are these actual investments?

I do hold PL8 for invesment purposes. So I do hold more than 1 share of PL8. And fortunately I have holdings with 3 different brokers for this stock (in different names), so will be able to participate for $90K worth in the SPP.

I currently have around 10% of my protfilio in PL8 and 20% in WAM.

For SPP 1 stock purchases, how do you choose non ASX300 stocks that you think have potential of offering SPPs?

I have no 100% accurate way to do this. But I have considered information from the following sources about companies that have a history of offering SPP's (especially those than have done so in the past few years):

Fresh Equities

We provide comprehensive access to listed capital raises for institutional, family office and high net worth investors.

www.freshequities.com

SPP Harvester: Upcoming & Past SPPs - OnMarket

Upcoming SPPs, Current SPP Harvester Applications and Past SPPs made available1 to investors in SPP Harvester. Each of these companies is included in the SPP300 list, consisting of the largest and most liquid ASX listed companies and trusts.

www.onmarket.com.au

I particularly note the following:

"Over the 12-year period from 1 January 2008 to 31 December 2019, there was an average of 27 SPPs undertaken by the 300 largest listed entities each year. The largest number in a particular year by this group of companies occurred in the year following the Global Financial Crisis, with 48 SPPs completed." (How many Share Purchase Plans are there each year? - OnMarket)

So around 9% of the top 300 companies on average offer an SPP every year!

Whilst history doesn't always repeat itself, in my experience it does frequenlty do so!

I'm banking on history repeating itself, that's why I always keep 1 share in every stock that I purchase.

What I'm trying to do is this: https://www.maynereport.com/images/2020/09/07-1EHKB1DV600.pdf but without the ridiculous fees they are charging and for no where near what they claim it costs to set this up. I started this process more than a decade ago and have recently started to do the same thing for my partner but at a much more rapid rate.

 

[CaptainCurtis]

I do hold PL8 for invesment purposes. So I do hold more than 1 share of PL8. And fortunately I have holdings with 3 different brokers for this stock (in different names), so will be able to participate for $90K worth in the SPP.

I currently have around 10% of my protfilio in PL8 and 20% in WAM.


I have no 100% accurate way to do this. But I have considered information from the following sources about companies that have a history of offering SPP's (especially those than have done so in the past few years):

Fresh Equities

We provide comprehensive access to listed capital raises for institutional, family office and high net worth investors.

www.freshequities.com

SPP Harvester: Upcoming & Past SPPs - OnMarket

Upcoming SPPs, Current SPP Harvester Applications and Past SPPs made available1 to investors in SPP Harvester. Each of these companies is included in the SPP300 list, consisting of the largest and most liquid ASX listed companies and trusts.

www.onmarket.com.au

I particularly note the following:

"Over the 12-year period from 1 January 2008 to 31 December 2019, there was an average of 27 SPPs undertaken by the 300 largest listed entities each year. The largest number in a particular year by this group of companies occurred in the year following the Global Financial Crisis, with 48 SPPs completed." (How many Share Purchase Plans are there each year? - OnMarket)

So around 9% of the top 300 companies on average offer an SPP every year!

Whilst history doesn't always repeat itself, in my experience it does frequenlty do so!

I'm banking on history repeating itself, that's why I always keep 1 share in every stock that I purchase.

What I'm trying to do is this: https://www.maynereport.com/images/2020/09/07-1EHKB1DV600.pdf but without the ridiculous fees they are charging and for no where near what they claim it costs to set this up. I started this process more than a decade ago and have recently started to do the same thing for my partner but at a much more rapid rate.

Recently did this myself for ~200 of the ASX300. How did you handle the barrage of letters that arrived? My postie is getting suspicious...

 

[Dr Ralph]

Recently did this myself for ~200 of the ASX300. How did you handle the barrage of letters that arrived? My postie is getting suspicious...

As I already had accounts with Automic, Boardroom, Link Services etc there were almost no letters. And, thankfully, my established instructions (TFN, bank details etc) were applied to all of the new holdings.

 

[CaptainCurtis]

As I already had accounts with Automic, Boardroom, Link Services etc there were almost no letters. And, thankfully, my established instructions (TFN, bank details etc) were applied to all of the new holdings.

That makes sense. I set-up a new account with Stake for this project, so my instructions didn't carry forward from my previous broker.

 

[Dr Ralph]

The other advantage of holding shares in so many companies is the free lunches at the AGM's. Today it's Bluescope for me.

 

[Mr_Orange]

The other advantage of holding shares in so many companies is the free lunches at the AGM's. Today it's Bluescope for me.

Assuming that you a) have time to go to them all, and b) that a free lunch is really worth that hassle.

That looks like an exciting place to be. Bluescope's shareholders really must care what the CEO has to say!

 

[Dr Ralph]

b) that a free lunch is really worth that hassle.

A 2 minute walk is acceptable today.

That looks like an exciting place to be. Bluescope's shareholders really must care what the CEO has to say!

Picture was taken 1 min before scheduled start time. Around 400 people in attendance. Apparently the first time the company has held the AGM outside a capital city.