AFF Member Stock Discussion

[Mr_Orange]

Lovisa had a gross profit on sales of more than 80%.

LOV has had an incredible run since around mid-2016. I was looking at them when they were around that $2 mark but didn't really know much about them and didn't think that the "cheap-tat-jewellery" model would be that profitable. How wrong I was!

 

[cove]

Have had success with Waterco which has been a five timeser so that has put a smile on my face. GUD said that they wanted to buy our business then wasted our time. I was pleased Waterco was able to buy Davey Pumps off GUD and then start fixing it quickly.

 

[Brissy1]

I continue to watch Star with morbid fascination. As I imagine PE are too... without the current board and management (CEO excepted) it would be a gold mine; Star has 50% (?) of Queens Wharf Brisbane (total cost almost $b4) and $m300 I think of net debit. And BNE Treasury lease. And Sydney.
So it's asset rich and ideal for PE's usual modus operandi...load it up with more debt, sell and lease back property assets, ...
But being bottom feeders, they'll wait...as perversely THEIR ideal board is in place . The definitive Slow Train Wreck. I hope I'm wrong.
Edit... maybe Q St. Wharf is debt funded separately.

 

[Freq Flier 2013]

What does everyone think about the overall market trend? Is this the top or more growth to come.

 

[Dr Ralph]

What does everyone think about the overall market trend? Is this the top or more growth to come.

I'm definitely no expert, buy it's very high.

 

[prozac]

What does everyone think about the overall market trend? Is this the top or more growth to come.

I think we are still in for a rout.

 

[Mr_Orange]

What does everyone think about the overall market trend? Is this the top or more growth to come.

There is more "up" to come.

 

[cove]

We put some funds into bank capital notes to get between 7% and 8% as a just in case scenario.
On Friday I was happy with reports from Acumentis and Energy Action.
Was unhappy with a gold mine being stopped in NSW.
Meanwhile it looks like Australia may experience more hot weather than last year so get your air conditioning serviced now.
CBA and WES are both way over valued but they have not halved so far.

 

[SydneySwan]

CBA nudging $141 today!

 

[Mr_Orange]

CBA nudging $141 today!

It hit $141.34 on 20th August!

 

[TomVexille]

It hit $141.34 on 20th August!

And just went above that

 

[TheRealTMA]

And just went above that

Loved the naysayers who said sell sell sell at $98!

 

[burmans]

Loved the naysayers who said sell sell sell at $98!

Embarrassing for at least one person here!

 

[Mr_Orange]

Embarrassing for at least one person here!

Possibly, but not me ....

CBA continues to hit new all time highs having risen over 30% for the FY and is now the ASX's largest company by value.

I expect the price to continue to rise with no overhead resistance on the chart.

It's not alone. US markets have been down, significantly down, for the least three trading days.

Post automatically merged: Aug 5, 2024

I'm 99% certain it's not going that low. In fact, I would be surprised if it goes below $120.

 

[burmans]

True but you do know it’s not all about you, don’t you?

 

[SYD]

My average purchase price is $45 (in part thanks to the takeover of Colonial Mutual years ago) but also some topups and DRPs along the way. I‘ve been pondering the pros and cons of selling some (“profit take”) but the ~$10k pa plus franking credits is now something like a 13% return on cost.

Isn’t there a saying “You’re better off owning the bank than putting your savings in it”….

Although a few brokers do have a “Sell” on CBA. I certainly would not be buying more anytime soon.

I’m still HOLD on CBA. I might look at rebalancing once I work out the CGT exposure (quite big) and if there’s any value elsewhere with similar dividend return.

Personally, I don’t see any of the big movers halving any time soon unilaterally but a market hiccup could put a lot of things in correction territory simultaneously.

 

[cove]

We are about to get deluged with mostly franked dividends in the next 30 days. Figuring out how to invest this cash flow is often rather difficult. We won’t buy any more of the big 5 banks now that they are all priced as if they are about to double last years profits. With a chunk of their customers running on empty we just cannot see how this could happen.
With BankWest having been reduced to just a business name of CBA I had to do a KYC with them.Have held a BankWest account for more than 50 years but I had to supply my passport detail and my Medicare detail so they know who I am.
Couldn’t use my drivers licence as I have it locked to avoid account scammers.
This week we picked up more COG and BGL which is Bellevue Gold.
BGL has been hit with short sellers so $1.16 seemed ok. Time will tell of course. Buying a falling share can be rather risky.
We looked at Adairs but they jumped before we could get set.
We sold Austal which is ASB so that takes the monkey off their back.

 

[Brissy1]

We are about to get deluged with mostly franked dividends in the next 30 days. Figuring out how to invest this cash flow is often rather difficult. We won’t buy any more of the big 5 banks now that they are all priced as if they are about to double last years profits. With a chunk of their customers running on empty we just cannot see how this could happen.
With BankWest having been reduced to just a business name of CBA I had to do a KYC with them.Have held a BankWest account for more than 50 years but I had to supply my passport detail and my Medicare detail so they know who I am.
Couldn’t use my drivers licence as I have it locked to avoid account scammers.
This week we picked up more COG and BGL which is Bellevue Gold.
BGL has been hit with short sellers so $1.16 seemed ok. Time will tell of course. Buying a falling share can be rather risky.
We looked at Adairs but they jumped before we could get set.
We sold Austal which is ASB so that takes the monkey off their back.

Don't have to be "All In" all the time, if you can handle a bit of fomo it's wonderful to have cash available to take advantage of the inevitable slumps.

 

[cove]

Well tonight the US market got hit by more sellers than buyers so expect a tough day here in Australia.

 

[SYD]

Well tonight the US market got hit by more sellers than buyers so expect a tough day here in Australia.

Or go shopping with those fully franked dividends?

I’ll be banking mine at 5.5% and pondering whether to hold cash or buy stuff.