AFF Member Stock Discussion

[tgh]

Anyone holding/trading A2M ?

 

[Mr_Orange]

Anyone holding/trading A2M ?

You might consider shorting it but otherwise, no.

 

[cove]

We bought A2M at a dollar. They all got sold at a profit.
Today we bought some more Calidus which is CAI as they dropped.

 

[cove]

Have received a chunk of funds from a real estate investment and have to re-invest it somewhere. We might have a good down day or two on Monday and Tuesday so that could help us find a good stock.
We passed on PrimeWest at $1.27 because we bought previously at cheaper prices and the new shares will help lift the net asset backing of PWG which was quite low. The issue was strongly supported.

 

[daft009]

what does everyone think of buying AMP now?

 

[cove]

@daft009 we are not interested in AMP. We feel that they have offended too many.
Have not bought Tyro due to their smaller merchant fails but we think they can recover. Getting in at the right price is not easy.

 

[daft009]

@daft009 we are not interested in AMP. We feel that they have offended too many.
Have not bought Tyro due to their smaller merchant fails but we think they can recover. Getting in at the right price is not easy.

That's what I've read. But the younger ones these days will they care about the past

 

[cove]

With AMP there were about 40 million shares traded this week so there is lots of activity. Maybe it will be an opportunity but not one for us.

 

[cove]

Today we bought Cromwell for yield and Tyro for a recovery. Their codes are CMW and TYR.
Cromwell pay a quarterly distribution so at 80.5/81.0 it looked like an alright idea seeing the yield is strong.

 

[Dr Ralph]

I'm on WOR & IFL today.

 

[cove]

Yes WOR are looking cheap today.

 

[tgh]

Interesting Covid stock CMW.. rock solid yield and dividend stream but soft price.. leads to a reduced dividend coming up?
.. but @ todays price held until normal programming resumes += sounds like you are on the money..

 

[Mr_Orange]

Cromwell is under a lot of pressure from an agressive, Singaporean-based shareholder. There has been a board spill and various other shenanigans.

It is a risky investment until this all resolves plus it is clearly in a downtrend.

Post automatically merged: Feb 1, 2021

I'm on WOR & IFL today.

Neither of those look great. They are both in downtrends.

Remember that the stock market is not a supermarket in which you go bargain hunting.

 

[cove]

Cromwell CMW may cut their distribution but the last time we bought was at 77. The income distributions have been regular.We do like good yields.
Yes the management changes may change things but they did take some at 92.

 

[tgh]

We have been offered WOR many times in the past , but they do stuff I understand and to that end have never succumbed.

 

[tgh]

not a supermarket in which you go bargain hunting

That is a tad harsh.. buying opportunities present themselves in soft markets.
Are you suggesting average punters should feed the machine and buy high sell low..

 

[Mr_Orange]

not a supermarket in which you go bargain hunting

That is a tad harsh.. buying opportunities present themselves in soft markets.
Are you suggesting average punters should feed the machine and buy high sell low..

No, although a great many amateur investors do that.

Trade with the trend is my advice, otherwise you are tying up capital for an unknown length of time in a trade that may not become profitable for a long time, if ever.

I never buy stocks that are in a downtrend as you don't know when that downtrend is going to end and reverse, if at all.

 

[cove]

Have always tried to buy low and sell high. Clearly we messed up on Westpac @$24.20 when they did their share purchase plan.
Our Myanmar Metals shares are on struggle street today......
We are locked up in Perth and have a good stash of toilet paper....

 

[cove]

At the end of the trading day Cromwell CMW ended at 83.5 so that looks ok but it may not last.Today we were buying a lot as we had received a chunk of funds from a real estate deal. We thought we could live with a reasonable quarterly distribution which has been 1.875 cents for a while. It is always difficult to pick a price turn.

 

[Gold Member]

Today we bought Cromwell for yield and Tyro for a recovery. Their codes are CMW and TYR.

I’m a fan of Tyro as a solid long term growth story but I think there’s a little more water to pass under the bridge. There are a lot of angry business owners and legal proceedings likely to be brought against Tyro. Perhaps they have insurance to cover these outcomes, but we also dont know how many clients Tyro have lost for good nor the reputational damage which will take a few months to manifest In their numbers.

But at some point in the next few months I will be a buyer of Tyro.