AFF Member Stock Discussion

Kogan got their deal. What that does is it introduces sellers. At some stage the share price will turn back up but it wasn’t today. The company is growing strongly but there will be about 40% of their shareholders who are not pleased with today’s meeting results.
The proposals cut a third off the share price.
 
We have Duratec from a new float and it looks like the early profit stags are now done. Am expecting some good new from DUR in the next few weeks.
Cash Converters meeting is Monday morning at 8am Perth time and quite a few shareholders want a dividend and a share buy back as CCV are profitable and have lots of spare cash.
 
It took us a while to warm to Telstra. Read the research and their latest update and we then bought. Hopefully $3.07 should not produce large losses.Went there for the dividend and the 5G push.
We saw Tiga has started to sell some Money3 shares which is MNY. Haven’t been a seller as we did get them at a modest entry price years ago. Tiga had 15% of the shares but now less than that.
 
There must be many folks who have not done so well over the years with Telstra.
We are up a lot on Vocus and they are tidying up their high debt by some changes in New Zealand.
Thought about UWL but never bought them.
 
Since the March market dive it has been pretty good owning shares.
Today we sold the IAGPD hybrid as IAG lost a case in the NSW Supreme Court. IAG might be liable for pandemic business interruption costs. The trading halt was released so out we went.
 
cove said:
Since the March market dive it has been pretty good owning shares.
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But isn't that a bad thing? I am worried that the new retail investors who started buying this year only ever saw shares go up, so when there is a market correction, wouldn't there be a big stampede for the exit?
 
glasszon said:
But isn't that a bad thing? I am worried that the new retail investors who started buying this year only ever saw shares go up, so when there is a market correction, wouldn't there be a big stampede for the exit?
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Which will be good for savvy investors?
 
Yes we bought in March which was during the savage downturn. Those ones almost doubled.
We did sell one stock as there was a stock buyback holding the price up.
With money on deposit in banks earning close to zero many are looking for better returns.
After very little travel some folks will have quite a pile to invest.
February/March could be the time to watch out for a drop but no one can be sure.
 
Multiple offerings closed way too quickly this week. We won’t buy without reading all the details. Better to be safe than sorry as some floats really are duds.
Maggie Beer shares are recovering nicely after a long period in the doldrums.
 
We have been trapped in Village Roadshow for a long time. It may come to a conclusion shortly. For us VRL was a mistake but no one figured that the pandemic would do so much damage.
 
It's difficult to find good opportunities now that the sharemarket is booming. Is anyone thinking about catching a falling knife on stocks such as TWE?
 
We do think about shorting APT.
With TWE we may get the opportunity to drink their better wines in Australia. We wouldn't buy the shares as their super profits are likely to vanish.
Chemist Warehouse may float.
 
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glasszon said:
It's difficult to find good opportunities now that the sharemarket is booming. Is anyone thinking about catching a falling knife on stocks such as TWE?
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I suppose it all depends on how much you expect your stocks to increase and how long you are prepared to hold them.
ORG, BEN, ABB and EVT may be opportunities. Do your own research, I'm not recommending them.
 
We have too many stocks and bonds but with the market uptick it has worked out ok.
When we review the portfolio we look to see if a stock is about to at least reach break even and then make profits.
Brokers hopeful expectations don't count. Secos is one we are watching as they talk about sales rather than gross income.
Naturally we all love a bargain and then holding on for success.
 
We enjoyed going to the Westoz and Ozgrowth AGMs. We are hoping they do an option issue especially for OZG as the fund is a bit too small. Both WIC and OZG are having a very good first 5 months since June 30th. We do love getting a portfolio of shares at a discount purely by buying these two stocks.
 
Had put Kinetiko in a back drawer. KKO has traded at 16 cents which is quite a recovery from being suspended and then a capital raising at 2 cents.
 

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