AFF Member Stock Discussion

[deebens]

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.

Still interesting to think after that the ASX 300 was only down just under 8% for the year.

 

[MARTINE]

 

[MARTINE]

I like graphs that incorporate the helicopter view -above (sorry could not text and insert photo together for some reason!)

It is a straight line made of lots of ups and downs (devils in the details where you hope you are not caught in the dip at a critical time)

Interesting!

 

[cove]

We bought into Good Drinks Australia over the past 6 months. Their recent report was promising. That is GDA.

 

[SYD]

I like graphs that incorporate the helicopter view -above (sorry could not text and insert photo together for some reason!)

It is a straight line made of lots of ups and downs (devils in the details where you hope you are not caught in the dip at a critical time)

Interesting!

Just reinforces “Time in, not timing” for those looking long term.

 

[ramamba]

Good Drinks

Thats former Gage Roads Brewery. I held them in the past but sold in march 2021. Looking at 5y chart that was exceptional timing!

 

[cove]

Yes @ramamba Good Drinks Australia had quite a few lessons over some years. Latest figures looked sweet.
Now I like their Matsos ginger beer and they also market Coors beer that I like.
Today we got placements in HMC and Eureka which is EGH. Eureka is warming up to acquire retirement villages.

 

[Mr_Orange]

S&P500 down over 100 points overnight

 

[cove]

Yes our futures market is lower. I am hoping to get some orders done that were out on price yesterday.
I was unhappy with Good Drinks Australia wanting to leave the ASX and be unlisted. It did give us the opportunity to buy quite a few at lower pricing. To block the delisting move we need 25.01% to vote no to the delisting idea.
The price dropped so we bought more as they are probably worth a lot more.

 

[Freq Flier 2013]

Yes our futures market is lower. I am hoping to get some orders done that were out on price yesterday.
I was unhappy with Good Drinks Australia wanting to leave the ASX and be unlisted. It did give us the opportunity to buy quite a few at lower pricing. To block the delisting move we need 25.01% to vote no to the delisting idea.
The price dropped so we bought more as they are probably worth a lot more.

It’s only $10 million in stock at current prices so can’t be that hard to get a vote to block it, with other major shareholders.

 

[cove]

Yes we will work on the GDA voting when we are back in Perth. Have spoken with two brokers so far.

 

[Freq Flier 2013]

Yes we will work on the GDA voting when we are back in Perth. Have spoken with two brokers so far.

If they go private will they need to buy out all current shareholders or they stay as shareholders but in a private company?

 

[cove]

No GDA would remain a public unlisted company so that makes it more difficult to buy or sell shares.
Have to work to get more than 25 % vote to stop it.

 

[MARTINE]

SIG Chemist Warehouse merger not opposed by ACCC
SIG up 25% today on the news
Thats 100% profit since purchased SIG 12 months ago

 

[cove]

We have two less direct holdings in Sigma. One is by holding HMC shares and the other with an HMC capital fund.
The Sigma /Chemist Warehouse deal has now been approved.
Have two meetings to attend this month. One is Mineral Resources and the other is Good Drinks Australia.Both companies need some changes to their board of directors to get back on track.
Last month we had a clash of dates so we couldn’t get to the Qantas meeting.
We took up a placement in AYA yesterday at 42 cents.
None of the big 5 banks have been able to beat their previous yeas profits so all of them look overpriced. It is now difficult to locate ATMs when we are travelling around Australia.