AFF Member Stock Discussion

Ag
cove said:
Kogan will be up for a fine that could wipe smiles off the directors faces. Kogan needs to improve their after sales service too.
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are re fine...but what else is there. They have had a great run the last few months
 
I bought Kogan when they floated and bought a lot more at about a dollar more than the float price.
Most internet based stocks are over valued but that doesn’t always mean that the prices will turn down any time soon.
i do like getting into potential gold mines about a year before their first gold pour.
 
Agree Cove. We’ve done very well with PushPay and AfterPay and Spotify And also evolution. good luck young fellow
 
Today we are after some City Chic placement shares. They are wanting to expand in the US. I have doubts as to whether we will get any.
A bad market day ahead For us in Australia.
We traded some Long Short Fund to make some trading profits this week using Commsec to transact. LSF regularly trades way under their net asset backing but that doesn’t mean that the stock will get re-rated any time soon.
Have bid for Oklo shares yesterday as we like gold companies getting ready to develop an open pit mine of size. The risk is Africa of course being in Western Mali.
 
We were allocated just under 25% of the Oklo shares we bid for so that placement was rushed.
With Bellevue Gold we weren’t registered in time to get an SPP offer (out by one day).
Traded some more LSF when they went up a bit.
 
CCL is doing it tough each month that the cruises get delayed. Seeking Alpha is saying they have $20 billion US debt and they are torching $650 million a month.
We did get some City Chic Shares today in their placement. Had followed them for more than a year. We didn’t get all we applied for but we doubled the number we wanted as we knew the placement would get rushed.
 
Have bid for Perpetual’s placement today and had trouble getting a human to answer the Commsec phone. Used 3 phones and got connected 20 minutes before the close of the offer.
I used two brokers with two different Name applications to get City Chic placements.
 
Wondering what to do with our Estia shares. An outbreak of COVID-19 may require a closure and transfer of folks from one of their centres.
 
We were trying to increase our holding in EXR which is Elixir but our price bid did not get done and up they went. Not keen on Mongolia but it is highly prospective for a large gas supply. The Chairman was involved in Queensland Gas.
 
QAN is trading around $3-40 this morning, significantly below to SPP offer price of $3-65. Of course the final price will depend on whether the market price recovers, or not. Offer now closes on 5 August.

If the price falls much lower I may become interested.
 
Don't really see the point with QAN with the price in the red. There is in my view no desperate need to buy QAN until there is much more good news.
 
I didn't qualify for the QAN SPP, but even if I had, I wouldn't be participating in this market. As the Covid situation continues to deteriorate, I cannot see any significant upside to the price of QAN in the foreseeable future. Of course, the price will turn upward in time, but the on-market price will probably be a lot lower at some stage between now and then.

Having said that, I hope the SPP itself is successful, thereby helping QAN maintain its liquidity.
 
The thing about Qantas domestic is that it is almost a monopoly player if it gets going again.
 
I agree that QAN domestic is an excellent business with a semi-monopoly into the future. The resuscitation of VA and the possibility of other domestic airlines, such as an expended Rex are unlikely to seriously impact QAN domestic anytime soon. My main concern is the size of the domestic market.

While there is a lot of pent up demand for domestic air travel, the interstate travel restrictions will hold things back for a long time. Throw in a possible shock to the system, and it can drop much lower, especially while any resumption of international operations is so far off. Imagine a Melbourne-type lockdown in metro Sydney, with SYD operations being affected to the same degree as those in MEL.

There will be a time to buy QAN, but that is likely to be when significant numbers of staff are being re-employed, interstate travel restrictions are receding and there is a firming prospect of a resumption of international operations. I think it likely the QAN share price will be lower than the eventual SPP price between now and then.
 
cove said:
The thing about Qantas domestic is that it is almost a monopoly player if it gets going again.
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Yeah, I think Qantas is about as good an airline business as it's possible to have. But airlines struggle to make money even in good times and this isn't a good time. Like TonyDoh I just don't see now as a good time to get into QAN, plenty of better bets out there IMO.
 
Now we didn’t get a worthwhile number of Perpetual shares from our bid and the price is going down so we are not concerned.
We sold out of Prospa at a loss before their loss announcement so that turned out to be a good idea.
We were pleased Acumentis is now trading profitably after a hacking incident a year ago. We use them for property valuations and rental assessments.
 

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