AFF Member Stock Discussion

[Quattro]

Big raising by SYD Sydney Airport.
Renounceable Rights which imho is the fairest method in these things.

Thoughts on this?

NSW looks on track for a mini Victoria re outbreaks.

Not sure I'll take up. We are literally talking years on international travel surely.

Can anyone give me a quick debrief regarding investing in international markets through Commsec? Are there any tax implications?

 

[cove]

Hindsight tells us we should have sold SYD before the issue announcement. If you go for this issue you will need patience as no one knows when people will be flying in large numbers. If you like near monopolies SYD may be for you.
We used Euroz and Fosters for our most recent international buys. We bought TRR in the UK and EZPW in the US. We haven’t used Commsec for international trades so we cannot advise on them.
Richard Cottee ex Queensland Gas is now chairman of EXR (Elixir). They are drilling in coal seam gas in Mongolia and the shares are rising. A really risky one......

 

[Quattro]

Hindsight tells us we should have sold SYD before the issue announcement. If you go for this issue you will need patience as no one knows when people will be flying in large numbers. If you like near monopolies SYD may be for you.
We used Euroz and Fosters for our most recent international buys. We bought TRR in the UK and EZPW in the US. We haven’t used Commsec for international trades so we cannot advise on them.
Richard Cottee ex Queensland Gas is now chairman of EXR (Elixir). They are drilling in coal seam gas in Mongolia and the shares are rising. A really risky one......

Re your SYD thoughts, I think you've hit the nail on the head (Except I wasn't going to sell). I think that's why it resonated with me and the patience side of it. Have until the 20th to see where the shares will be heading in the short term.

I'm like your son, only just starting out. 4 months in. Now growing it by $1000 a month. Small steps and what we can afford of course.

Thanks for your insight to how you buy international stock. Will do some homework .

 

[Buzzard]

I like VGAD for international exposure, a Vanguard ETF.

 

[Gold Member]

Keen to take advantage of the current pull back in gold prices and especially locally listed ASX producers (I was very close to pulling the trigger in May/June but got spooked when I saw prices going vertical). I believe this is a temporary adjustment in line with the current movement in US bond yields and the US dollar which I think will revert. I’m strongly believe gold will be higher over the next 2-3 years so I might use this correction in the next few days to take a position across a couple of players.

 

[cove]

If the US rally continues tonight we will probably all think that we are gurus in Australia when our market opens on Thursday.

 

[PLANT]

Charles Swab for international trades!

 

[Spongbob]

... I’m strongly believe gold will be higher over the next 2-3 years so I might use this correction in the next few days to take a position across a couple of players.

Exactly what I expect from someone called Gold Member.
But, are diamonds (still) forever?

 

[cove]

Today we did a bid for Gascoyne shares at 2.5 cents to get them funds to finalise their creditors and re-list in September. Gascoyne is currently producing gold and should have a 7 year mine life that could be extended if they get good exploration drilling results.
EXR (Elixir) has now gone up to 12 cents from their funding issue at 2 cents. Mongolia makes it quite risky in my opinion.

 

[Buzzard]

I'm thinking of getting some more TLS.

 

[Quattro]

I

I'm thinking of getting some more TLS.

Interesting regarding their outlook on how the NBN is losing them a heap of customers though.

 

[Buzzard]

I

Interesting regarding their outlook on how the NBN is losing them a heap of customers though.

Sometimes I think investors expect too much. From my perspective if the shares increase by around just 30c that's a tidy 10% gross.
Time will tell if the shares get to $3.4x or beyond.

 

[Quattro]

Sometimes I think investors expect too much. From my perspective if the shares increase by around just 30c that's a tidy 10% gross.
Time will tell if the shares get to $3.4x or beyond.

True. I'll be taking some at open tomorrow after today's slump.

 

[cove]

Telstra is not something I want to own but UBS view is that $3.70 is what they consider the share is worth. TLS mobile market is now 40% and they are not doing any good at reselling NBN.
In the mini gold producers we were allocated about a third of the Gascoyne shares we applied for at 2.5 cents. That one was rushed so they will return to the ASX in September after dropping into administration.

 

[cove]

We bid for Plenti today as a new issue.
Sold some LSF (Long Short Fund) and some AMA (panel and paint folks) as they went up nicely.

 

[Quattro]

Yeh AMA is an interesting one. I'm holding for 12 months to see where they end up.

 

[cove]

We still have half of our AMA but 45% up so some went.

 

[ramamba]

We bid for Plenti today as a new issue.

is that a pre-IPO?
i got an email today saying they are targeting September

 

[Quattro]

is that a pre-IPO?
i got an email today saying they are targeting September

Hi Ramamba,

I was reading up on Plenti the other day and have my eyes on it. Although nothing offered to me as I'm not in the league of Cove .

Ratesetter's fresh lick of paint scores Plenti-ful $275m deal

It's risk on as far as small cap floats are concerned – just ask non-bank lender Plenti.

www.afr.com

 

[ramamba]

Well, if WAM and Regal are onto it, maybe i should get interested too. That is if we get any as existing lenders on the platform.