AFF Member Stock Discussion

Thanks Mr_Orange i am looking at the ones that are hitting our business up at the moment. Their profits are being affected by the rolling strikes at Australian ports that delay their ships by a week or so. Current ocean freight rates are outrageous and there are few containers and very low availability for booking onto container ships.
 
cove said:
We are still on board with SYD. No need to rush.
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Agree. I’m a holder in SYD as well. No need to rush. Current price isn’t quite worth selling for, but if the current offer can be improved a bit then it will be a done deal for me.

I wouldn’t be surprised if another bid comes along and a bit of competition will ensue. This is a first class piece of infrastructure that rarely becomes an opportunity to acquire and would be sought after by a number of players.
 
We are a bit more relaxed after putting SIL and one of our favourite sons into Calidus which is CAI. The shares went down and we bought more at 40 cents. Tonight they are @ 52 and the mine plan is going well. First gold production should be in the first quarter of 2022.
 
So we get some action with Sydney Airport which is SYD and today it was Challenger which is CGF.
Always nice to have shares that jump.
 
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With the $AUD tumbling against the $USD and the price of gold jumping we should see a bit of a spike in gold producers share prices.
Yesterday we trimmed some travel stocks like Flight Centre and Webjet as the Delta Covid variant is gaining ground around the world.
Have not sold Sydney Airport nor Challenger as more players may enter the bidding.
We do have a lot of Generation Development which plays in the annuity space that Challenger dominate.
We took the gain on Thorn Group and kept some that had cost 9 cents less the two dividends so those ones are close to a zero net holding cost.
 
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I think Webjet is a good medium term play so I have a buy order in but at a fair bit below todays price, its always been a stock that bounces around a fair bit despite a generally upward trend (excluding of course last March). They do have a fair bit of their business overseas so you need to consider the global outlook for travel, not just Oz. I seem to remember from their latest report the fastest growing sector was actually Beds not flights.
 
Yes @burmans we still have a chunk of Webjet but all Flight Centre are gone.
We think the RBA caused the drop in our dollar. Technically it should have been rising.
 
cove said:
Yes @burmans we still have a chunk of Webjet but all Flight Centre are gone.
We think the RBA caused the drop in our dollar. Technically it should have been rising.
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Yes, while I have sold a few I always have some WEB, I've been in for a long time and have done very well out of them.

As for the AUD, I think the drop is overdone, clearly people think the US will raise rates much faster than locally, this may be true in the short term but over medium term if the conditions there warrant a rise it wont be long until the same applies here.
 
Sold some Long Short Fund which is LSF. They recovered really well from a low a year or so ago.
We have some more from the original issue that cost $2 so we are in no rush to sell those.
 
Quite disappointing to be missing the Macquarie Bank AGM in late July due to Covid-19.
Flying to Sydney may be difficult for quite a while.
 

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