AFF Member Stock Discussion

[cove]

We enjoyed the Kogan survey call today as it was being recorded. Was able to tell them what we were thinking with their AGM proposals.....
We have 2 holdings in different names so we get two separate proxy votes.
With smaller caps many can fail but we find this end of the market more exciting than large caps.
We still own Macquarie and Commonwealth Bank and have bought more over the years when their prices dropped.
Our biggest long term stocks are Resimac, Charter Hall Social. Waterco ,Acumentis , Macquarie Bank , Ophir , Acorn, Westoz, Ozgrowth , Aspen and Commonwealth Bank but we have many others.

 

[cove]

My two sons have started investing this year and so far they have picked Worley, IOOF ,
Westoz , National Bank and Aurizon .
Aurizon isn’t one for us as coal shipments are slowing and they are down on that one and up on the others.
We send them broker notes that seem relevant as they use Commsec for their trades.

 

[cove]

Today we voted on Kogan and Cromwell.
With Kogan the founders want us to gift them back shares they sold.....yeah NAH. So far the proposal has cut more than 20% off the company value since it was proposed. Time to kick the Kogan Chairman where it hurts.
With Cromwell the barbarians at the gate want to gain control at a low price of 92 cents when it might be worth $1.20. We passed on that and voted to keep the current board.

 

[jeza]

Market halt due to "data issues"

 

[RooFlyer]

The ASX did a “system update” over the weekend. Some buy and sell prices inverted ...

 

[cove]

With about 20% of buy now pay later customers missing payments we think that style of trading could get into trouble pretty quickly. Today we are out of Z1P and APT.

 

[RAM]

So more wine and crayfish for us.....
We think Perth real estate is taking off....
Cash has become pretty useless unless you don’t have any.
We have quite a few stocks that pay 6% dividends on our entry price and that is sounding pretty good today.

Long term CBA holder - annual dividends pre-CV were more than original investment (always in DRP scheme). The same with WBC, but a little more heartache - bought 2 months too early in 1992 but stayed the course as luck would have it. Sold some of each late 2017/18 to siphon off some of the cream but avg cost price was very close to price sold (as sold last 3 years DRP shares).

Taxman not so happy with me though - no capital gains turnover for him.

Biggest problem many have is cutting your profits & letting your losses run.

 

[Mr_Orange]

Biggest problem many have is cutting your profits & letting your losses run.

Yes indeed. Knowing when to sell is hard.

Removing the emotion out of trading and learning to accept taking a loss a big barriers too.

 

[moa999]

. Today we are out of Z1P and APT.

Little difficult to trade anything today

 

[cove]

Yes @moa999 today was a day to do proxy voting and filing plus we did two share purchase plans.
We had a second Kogan call.....once I knew it was recorded I told them what I really thought .......
The ASX upgrade was hit by gremlins.

 

[cove]

Went to two AGMs yesterday and today. All ok with those two.
Finally bought Telstra TLS for our Long Service Leave Fund @$3.07 seeing they are thinking 16 cents dividend is secure.
Bought some Southern Cross Electrical @ 0.50 as their latest acquisition looks good. Their code is SXE.
We sold some Ophir OPH as they went 35 cents over their net asset value.

 

[Dave G]

Yep - I'm liking SXE as well.
Glad I held Andromeda... where will the elevator stop and start going down again ?????

 

[cove]

Kogan meeting this morning. We will listen at 7 am Perth time.
We should not have sold Mineral Resources MIN but when there is a profit.......

 

[ramamba]

@cove did anything relating to Swift Media (SW1) cross your desk yesterday? they are a Perth based provider of comms to remote camps and have a few blue chip clients, now expanding into aged care, currently in a halt bookbuilding for a cap raise, the second this year. i've chipped in for the last one and is well in the green, thinking of adding a bit more.

 

[moa999]

KGN proposal seems like an ugly cash grab by founders.

Bought some Flexigroup FXL today.
The original buy now pay later group that is pivoting models and has struck a global deal with MasterCard
Haven't taken off like the other fintechs

 

[cove]

@ramamba SW1 is not a share we follow. We do now have TLS and VOC. Who is the broker for the Swift Media issue ?
Have NUIX to look at next week.
I was at OZG and WIC meetings in the last 2 days. They are both making great progress this first 4 months.

 

[ramamba]

@cove on sw1:

Aitken Murray Capital Partners will act as lead manager to the Placement. The Placement is not underwritten.

 

[flydoc]

Today we voted on Kogan and Cromwell.
With Kogan the founders want us to gift them back shares they sold.....yeah NAH. So far the proposal has cut more than 20% off the company value since it was proposed. Time to kick the Kogan Chairman where it hurts.

Looking at the results of meeting, plenty of your fellow investors shared your view, but not enough to prevent Messrs Kogan and Shafer being granted their options.

 

[flydoc]

With Cromwell the barbarians at the gate want to gain control at a low price of 92 cents when it might be worth $1.20. We passed on that and voted to keep the current board.

Appears a majority voted against re/election of the 3 directors, one being the Chair. Also a majority vote against the remuneration report a second time, with the subsequent spill motion also carried.
Interested in your thoughts on where to next for CMW.

 

[cove]

We are in Cromwell for the income. CMW has reasonable assets but no one could understand the purchase in Poland. We bought around 82 average but have no interest at 92.
We put our son into some Cromwell as we consider it a better return than a bank deposit.