AFF Member Stock Discussion

[cove]

Yes even we got that too.

 

[cove]

Our Pepper shares need a bit of salt and squid based on their first day of trading. Now we are glad we only received a small portion of the shares we applied for in this float.
Fortunately Cromwell went for a run.

 

[Mr_Orange]

Our Pepper shares need a bit of salt and squid based on their first day of trading. Now we are glad we only received a small portion of the shares we applied for in this float.

Can I say 'I told you so'?

 

[tgh]

Can I say 'I told you so'?

Of course.. but I opine that cove presents us with a warts and all, win some lose some, perspective that I find honest and interesting.
I could drawl on for hours about my failures ( imagined and real) .. and chat for a few seconds now and then about my wins.. such is life..

 

[cove]

Yes you can Mr_Orange. Just a bit disappointed tonight.
Just glad we have many more Resimac and Cromwell shares today.
I flew to Adelaide today without Mrscove and so i missed the market for more than 3 hours. It is cool and windy here as Perth weather has arrived.
It is time to concentrate on manufacturing over the next 3 days.
Have the WAM new issue offer, the Pendal issue, the Envirosuite issue, the Dacian issue and the Primewest takeover offer. So many wanting us to do something.
Yes we don’t get everything right. If you meet someone who claims 100% success just think Bernie Madoff....

 

[Mr_Orange]

Of course..

Yes you can Mr_Orange. Just a bit disappointed tonight.

Sorry, I'm not trying to be the smart-ar5e. I make plenty of mistakes too.

Have the WAM new issue offer

I have been mulling the WAR IPO over for the last 24 hours and have pretty much decided to go in. I saw the email today about how popular it has been so hopefully I won't be too late to get an allocation.

 

[cove]

Will look at WAR on the weekend as work comes first.
We have some LICs as we love assets at a discount.

 

[lilkid28]

How is it 'easiest' to get offered for upcoming IPOs?

 

[cove]

@lilkid28 what type of IPO are you looking for as many are being pulled right now because they are not getting enough traction.
We deal with Euroz Hartleys, Bell Potter, Canaccord, Crestone,Sequoia, Macquarie,Fosters , Commsec and a couple of others.
Canaccord has been doing many issues.

 

[Mr_Orange]

How is it 'easiest' to get offered for upcoming IPOs?

It helps to be a 'Sophisticated Investor' as defined by ASIC.

Some IPOs come through the retail brokers like CommSec and are open to anyone with a trading account.

 

[lilkid28]

@lilkid28 what type of IPO are you looking for as many are being pulled right now because they are not getting enough traction.
We deal with Euroz Hartleys, Bell Potter, Canaccord, Crestone,Sequoia, Macquarie,Fosters , Commsec and a couple of others.
Canaccord has been doing many issues.

It helps to be a 'Sophisticated Investor' as defined by ASIC.

Some IPOs come through the retail brokers like CommSec and are open to anyone with a trading account.

Just upcoming IPO in general, I only trade through Commsec and Selfwealth (recently) and don't recall ever getting offered/invited in Commsec.

 

[Mr_Orange]

Just upcoming IPO in general, I only trade through Commsec and Selfwealth (recently) and don't recall ever getting offered/invited in Commsec.

Keep an eye on this page: Upcoming floats and listings.

If you see something that you are interested in, you could talk to your broker but if they don't have an allocation you may need to go through a different broker like Bell Potter or Morgans and then you would need an account with them.

 

[Mr_Orange]

Will look at WAR on the weekend as work comes first.
We have some LICs as we love assets at a discount.

I submitted our application last night.

 

[Kerrodt]

I submitted our application last night.

Isn’t WAR going to be a LIC that invests in other LICS trading at a discount? So, management fees on top of management fees in the hope that Wilson can encourage these other LIC managers to shrink their NAV gaps.

Why not just invest in the underlying LICS and (hopefully) get a free ride without an additional layer of fees?

 

[Mr_Orange]

Isn’t WAR going to be a LIC that invests in other LICS trading at a discount? So, management fees on top of management fees in the hope that Wilson can encourage these other LIC managers to shrink their NAV gaps.

Why not just invest in the underlying LICS and (hopefully) get a free ride without an additional layer of fees?

Yes indeed, however I am prepared to pay for the privilege of not having to pick those LICs over a longer term investment for our SMSF.

 

[sinophile888]

I was very pleased to sell my CBA shares this morning for $100.00. I originally bought them a bit under 12 months ago for $71, so I am very pleased with the profit. I have some losses to cover from when I became Bank of Mum and sold some dogs. So the profit won't be taxed.
Now to decided whether and/or when to buy them back.

 

[Radio8tiv]

Isn’t WAR going to be a LIC that invests in other LICS trading at a discount? So, management fees on top of management fees in the hope that Wilson can encourage these other LIC managers to shrink their NAV gaps.

Why not just invest in the underlying LICS and (hopefully) get a free ride without an additional layer of fees?

Correct, but they will also invest in LITs which usually are not franked and this will allow for diversification with fully franked dividends which will also be able to be reinvested.

 

[CTT]

Yes you can Mr_Orange. Just a bit disappointed tonight.
Just glad we have many more Resimac and Cromwell shares today.
I flew to Adelaide today without Mrscove and so i missed the market for more than 3 hours. It is cool and windy here as Perth weather has arrived.
It is time to concentrate on manufacturing over the next 3 days.
Have the WAM new issue offer, the Pendal issue, the Envirosuite issue, the Dacian issue and the Primewest takeover offer. So many wanting us to do something.
Yes we don’t get everything right. If you meet someone who claims 100% success just think Bernie Madoff....

for WAM are you referring to this one ?

Wilson’s WAM to unleash WAR on underperforming rivals | Wilson Asset Management

wilsonassetmanagement.com.au

I'm still tossing over it

 

[cove]

Because i am working away in Adelaide i decided to go thru a broker who can offer “firm Stock” in WAR. Brokers get 1.25% fee so I may as well endear myself to that broker.
We have lots of WIC, OZG and LSF in the LIC camp as we love assets at a discount.Buy low and sell high works ok but we tend to hold them a bit longer than most folks.
It can take a while but LSF got trashed but is now about double what we paid so that is sweet.

 

[Buzzard]

Purchased some LPD.
Just a few lazy dollars so if they go south I won't lose any sleep.
Maybe all shares should be looked at that way.