AFF Member Stock Discussion

[daft009]

BOQ to raise funds to purchase ME Bank. Shares issued at $7.35.

Can new people apply or need to be existing shareholder?

 

[Dr Ralph]

Can new people apply or need to be existing shareholder?

Check the announcement for the ex/record date. But most opportunities like this are for existing shareholders.

 

[Mr_Orange]

Can new people apply or need to be existing shareholder?

The record date is Wednesday, so you would have needed to buy today or possibly last Friday.

 

[Dr Ralph]

The record date is Wednesday, so you would have needed to buy today or possibly last Friday.

Both of those options would have been impossible as the stock has been in a trading halt.

But if the record date is Wednesday, wouldn't you be fine buying tomorrow (Tuesday)?

 

[Mr_Orange]

Mine was a technical answer based on T+2 clearing. Obviously, the trading halt stymied any last minute purchasers.

 

[cove]

The Bank of Queensland purchase of ME Bank should be earnings accretive so it looks ok even if it wasn’t a bargain.

 

[cove]

We didn’t get any Bank of Queensland shares in their placement.
Getting an invitation to a Rottnest investment seminar. Missed it last year as we were away.

 

[cove]

In the mistakes department we sold Costa before they recovered with Avocados and Blueberries this latest half year.
We were pleased with the Waterco result.
Looked at G8 Education which is GEM. Won’t be buying them unless their share price tanks.
We thought Adore Beauty result lacked gross margin despite fast growing sales. ABY looks like it is worth about $3 dollars but trades up near double that number.
Last night the cryptos were getting smashed.
The $AUD went ok against the Euro and the USD.

 

[cove]

Of course if Adore Beauty move up to $10 it will prove we know bugger all about companies with lots of sales and minuscule profits. We can wait and see. The listing price was a rich $6.50.

 

[Dave G]

VXR went off the charts today following capital raising and leadership info - Pretty nice result (long termers) - but a 6x return for son who got in only <12 months ago....

 

[cove]

Venturex VRX certainly had a good day on the back of very good drilling results.
Reports are coming .....some good and some not so good.

 

[Dr Ralph]

Any views on OLL?

 

[Mr_Orange]

Any views on OLL?

I wouldn't.

 

[Dr Ralph]

I wouldn't.

Any info/reasons?

 

[Mr_Orange]

Any info/reasons?

You would be buying into a very obvious downtrend and therefore if you are bullish, you will be trading against the trend. I would wait and see whether a bottom and a change of trend occurs otherwise:

1. you could potentially be tying your capital up for a long time waiting for it to recover; or
2. you could lose it all.

 

[Dr Ralph]

You would be buying into a very obvious downtrend and therefore if you are bullish, you will be trading against the trend. I would wait and see whether a bottom and a change of trend occurs otherwise:

1. you could potentially be tying your capital up for a long time waiting for it to recover; or
2. you could lose it all.

I know someone who just started working there. They said these guys have the best online learning platforms he had seen. He has worked at a number of unis.

 

[Mr_Orange]

I know someone who just started working there. They said these guys have the best online learning platforms he had seen. He has worked at a number of unis.

Opinions don't matter. Especially from an insider.

The chart is telling you that the business is curently not doing well.

 

[odysseus]

They're currently priced at 9x revenue, have about 4 quarters of cash remaining and expect to increase the cash spend (loss) in the coming period compared to most recent. And their revenue went down in the past qtr compared to the previous due to a change in their business model which only may or may not turnaround at some point in the future.

Very speculative, no reason for the share price to go up at this point based on business activities, regardless of the quality of their product.

 

[Mr_Orange]

Very speculative, no reason for the share price to go up at this point based on business activities, regardless of the quality of their product.

All this is in the chart for those who care to look.

 

[HappyFlyerFamily]

Qantas half-yearly report. 1 billion loss

‘Worse than expected’: Qantas’ huge loss

In what has been a horror year for the global aviation industry, Qantas has revealed a staggering $1 billion loss amid the ongoing COVID-19 global pandemic which has decimated the global aviation industry.

www.news.com.au