AFF Member Stock Discussion

Tonight we are looking at Lynch (flowers) and Cobram Estate Olives.
Mrscove likes Cobram‘s olive oil and they do seem to be able to hold some pricing power over our supermarkets which is rare.
Thanks for your thoughts on Bellevue Gold @RooFlyer. Do you want me to call them as they are Perth based?
 
cove said:
Thanks for your thoughts on Bellevue Gold @RooFlyer. Do you want me to call them as they are Perth based?
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No, I'm sure they have it all sorted - like I said, I'm just nit-picking. :) The management team looks good - MD very good (ex Gryphon); Board could do with a bit more horespower though, don't you think - but maybe that will come with growth.
 
Well i had better tell Mrscove about her favourite olive oil at Woolies then @ramamba.
My partner is rarely interested by specials.
Lynch has a big part of their flower business in China and the shares are not spread normally.
 
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Latitude Financial is issuing an unsecured, perpetual note with an expected income at between 4.75% and 5%.
Any takers?
While we have a 28 Degrees Credit Card we do consider Latitude Financial to be financial fringe dwellers. It has Fahour running it and the shares are close to a years low after a lack lustre listing on our ASX.
 
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A broker suggested we look at selling Brickworks which is BKW. We hold them and their sister company Washington Soul which is SOL as a pair. The problem of selling is finding a worthy replacement.
 
cove said:
A broker suggested we look at selling Brickworks which is BKW. We hold them and their sister company Washington Soul which is SOL as a pair. The problem of selling is finding a worthy replacement.
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agreed, sold out of MLT after a nice profit from our purchase during the COVID dip, but where to put the funds?
 
RFF and INA are both looking good. Being essentially real estate companies, they should do well for the next 4-5 years.
 
Resimac is in the period where the dividend re-investment price is set between 7th and 13th September. The share price typically drops in this few days. We take the RMC dividend in shares so we get more shares when this occurs. It is on a PE of about 8 or a bit less and we like the management. This year it has been 6.4 cents in franked dividends and $104 million net profit.
Z2U listed on Friday at quite a premium. That one came from Fosters.
 
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Well we never got around to selling shares in the big 5 banks. Have been tempted to get rid of some but delaying has been ok. Macquarie has been a winner and Westpac has been a struggle. We are behind on Westpac in our SMSF and our office fund that covers our long service leave and annual leave liability.
We misread BEN report because of their community banking costs so we didn’t buy when their shares were low.
Didn’t buy Cobram nor Lynch this past week.
The only special trips we are making are in our home lift and going to the football.
 
Did you mean you were shorting Magellan? Aren’t they heavily invested in Chinese shares that Mr XI is trashing because he can? Brilliant businesses like Alibaba are in trouble for being too successful for the Communist Party to tolerate.
We are in IFL and out of both LNK and BXB.
Don’t follow OLL.
Happy with the FEX dividend announcement.
Went for Codan today as they know which way is up.
 
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@DeKa read what ABB wants the funds for and that will help you decide if it is a winner.
Just remember we cannot give financial advice.
Looks ok on the numbers so worth a good read tonight.
Today we had Z2U go for a run upwards so we need to pay attention to that one.
We did the SPP on APZ which is Aspen.
Transurban and Veem are both coming now.
 
Getting closer by the day for Transurban which is TCL for a proposed SPP.

Today we bought some Resimac and BHP. The RMC dividend re-investment was at $2.15.
 
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We will just watch Magellan as they have had UBS slap a sell on them.UBS lost staff to Barrenjoey so they have an axe to grind. Brian Benari is the chief and he was at Challenger and Homeloans which is now Resimac after a merger. Magellan have about 40% of Barrenjoey and the start up losses are large But that may turn around in the next year or two.
Total funds in Magellan may have been dropping due to poor performance recently.
Codan has its chief retiring so we saw the price drop as a buying opportunity.
 

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