AFF Member Stock Discussion

[cove]

You should be ok getting in @RooFlyer . Go early and sit in an aisle seat if you want to poke questions at the Qantas directors. You will get a microphone to ask questions.
The board may have done rehearsals for the AGM to make it look sweet.

 

[RooFlyer]

Thanks @cove

Story in today's Oz

Qantas AGM shaping up to be less fiery affair after support from influential proxy advisory firm

A bit of it

The Qantas board looks set to be spared a humiliating spill motion at the airline’s upcoming AGM, after an influential proxy advisory firm recommended shareholders vote in favour of the executive remuneration report.

Last year the remuneration report was voted down by a resounding 82.9 per cent of shareholders, angered by large salaries and bonuses for executives who oversaw the trashing of the Qantas brand.

The result prompted a review of corporate governance at Qantas, and led to the decision to deny former CEO Alan Joyce $9.26m in bonuses, and slash other executives’ short term bonuses by a third.

 

[cove]

Mrscove is the real Qantas shareholder even though the shares are jointly owned. She got them for us in the float all those years ago.
We now don’t fly with QF internationally because they are not good enough. It may change but Qatar is coming.

 

[prozac]

Thanks @cove

Story in today's Oz

Qantas AGM shaping up to be less fiery affair after support from influential proxy advisory firm

A bit of it

Rene Rivkin was found guilty of insider trading over the purchase and sale of Qantas shares across consecutive months in 2001 for a profit of just c.$2,665 for which he was fined $30,000 and did gaol time. Makes one wonder.

Post automatically merged: Oct 8, 2024

Mrscove is the real Qantas shareholder even though the shares are jointly owned. She got them for us in the float all those years ago.
We now don’t fly with QF internationally because they are not good enough. It may change but Qatar is coming.

Ah rubbing shoulders with the well healed of the terror fraternity. Not so many now of-course.

 

[cove]

Great memory @prozac. I do wonder who got Rene’s worry beads.
Insider trading is still a crime but very few have ended up in prison.
I do hope you are enjoying the stock markets going up and down.

 

[prozac]

Great memory @prozac. I do wonder who got Rene’s worry beads.
Insider trading is still a crime but very few have ended up in prison.
I do hope you are enjoying the stock markets going up and down.

Chicken feed even then and I look at the more substantial trades in more recent times. Not asking for comments as any allegations could be misguided.

 

[VPS]

My stock market investment

 

[prozac]

My stock market investment


View attachment 411603

We really need a face palm emoji

 

[cove]

With Judo Bank I bought some more. Now have JDO and JDOPA.
One in my family suggested I slow down with investing but it is something I like to do.
Whether Cyclopharm beats QPM will be a wait and see. We hold both.

 

[tgh]

Good luck with JDO , I had a read and decided that fortune favours the brave
With Chinese and US stimulus full on , Kohler suggests blue sky. (trend is your friend)
I tend to agree but opine that hurricanes often appear out of a clear blue sky just when everyone is out swimming without a vest and having fun….
For me , real estate has slaughtered equity gains last few years and any interest rate cut should see more...

 

[cove]

Took a hit on Webjet yesterday.their web beds profitability tanked.
Then a founder of Lifestyle Communities which is LIC announced he was in the departures lounge.
Macquarie Bank and Westpac are being checked on their car loan practices.
Westpac internet site misbehaved so many could not do transactions for a while.

 

[burmans]

Took a hit on Webjet yesterday.their web beds profitability tanked.

I’m in this boat too with quite a few WEB shares, though I’ve made a fair bit of money on them over the years with their ups and downs so not totally concerned. Glad though I sold some at $8 fairly recently, even though they went higher than that.

Webbeds seems to be more of a hiccup though, total transaction volume up 20%, margins have dropped but seems largely due to one off events, they have a strong management record of turning things like this around (they survived COVID after all) so holding for now, personally I think the size of the drop was overdone.

 

[Dr Ralph]

I'm buying FMG.

Sold out of FMG today. Happy with the 16% profit + dividend over the 2 months since purchase.

 

[MARTINE]

Tomorrow is 19.10 ie the 37 year anniversary of ‘Black Monday’ (strictly speaking Black Tuesday here as that is when our markets opened and the axe fell)

More than 40% drop in value in one day here.

 

[cove]

Thanks for the reminder @MARTINE.
We took a placement in Turaco which is TCG to hasten their progress with their Ivory Coast gold discovery.Mrscove does not like Africa as an investment area but we had a gold mine development in NSW stopped.

 

[Radio8tiv]

Tomorrow is 19.10 ie the 37 year anniversary of ‘Black Monday’ (strictly speaking Black Tuesday here as that is when our markets opened and the axe fell)

More than 40% drop in value in one day here.

FLT got of easy then, only a 20% drop

 

[cove]

The SPI was up 44 so it could be a reasonable start on Monday for our ASX.
We are in Adelaide and it is warming up. Our granddaughter now has a series of hybrid bank securities in her mothers name to help fund her education. We went for CBAPM , AN3PI, NABPH and WBCPL a few months ago.

 

[cove]

We have lots of GDG shares that have been on a tear recently. They are outperforming in the retirement and annuity sectors. Grant Hackett is the CEO. That is Generation Development.
Today WAM went ex dividend so the share price adjusted by the cash amount plus the franking credit.
Meanwhile Qantas apologized for sacking baggage handlers…..about 3 years late…

 

[prozac]

We have lots of GDG shares that have been on a tear recently. They are outperforming in the retirement and annuity sectors. Grant Hackett is the CEO. That is Generation Development.
Today WAM went ex dividend so the share price adjusted by the cash amount plus the franking credit.
Meanwhile Qantas apologized for sacking baggage handlers…..about 3 years late…

As long as he is off the self-medication.

 

[cove]

Yes @prozac I remember that too. A long time ago now for Grant. Have a read of the company’s progress as it is impressive.