AFF Member Stock Discussion

[Disco]

I have no time for directors who have tickets on themselves and have the market fooled.

Yes, it seems not only markets but other organisations are caught on whatever is being portrayed. And decision making which in the longer term is shown to be imprudent.

 

[prozac]

Yes, it seems not only markets but other organisations are caught on whatever is being portrayed. And decision making which in the longer term is shown to be imprudent.

I once instigated getting the top 8 or so investors together in an asx company to roll the board. Just mentioning it so people know these things are possible. Another time I called for the sacking of a director who sat on the board of a company in which I was also a director. I reluctantly agreed to allow him to resign. He did not deserve that degree of leniency.

 

[cove]

Now CBA is on a PE of 27 which is quite ridiculous but that doesn’t mean it will fall $50 tomorrow.
I looked at PEXA and UNI but was not convinced that I should buy either.
We have chunks of bank hybrids as our back up cash as we can get the funds back in a couple of days.

 

[Mr_Orange]

I sold TNE's news today for a 65% profit in 5 months.

 

[Kerrodt]

I sold TNE's news today for a 65% profit in 5 months.

I’ve held TNE since 2013. They have been, and continue to be, an incredible business.

 

[Mr_Orange]

I’ve held TNE since 2013. They have been, and continue to be, an incredible business.

I would have liked to have owned them in the past but somehow the stars never aligned. I'm not saying they won't have further upside either, but sometimes cash is king, and I needed some!

 

[cove]

We bought some IPH this week as they moved down to a new low. They should go ok in the IP and trademark areas. It might take a while but I am a patient investor.

 

[Disco]

We bought some IPH this week as they moved down to a new low. They should go ok in the IP and trademark areas. It might take a while but I am a patient investor.

Dividend looks OK.

 

[Brissy1]

Dividend looks OK.

That high dividend (80% ratio) is seen as a -ve for an acquisitive company.

(Edit, note that analysis below was done a few months ago when the share price was higher)

Should investors snap up shares as this ASX listed company keeps tumbling

Morningstar recently initiated coverage of an intellectual property services provider. We believe poor capital allocation and a lack of competitive advantage pose significant risks to the company.

www.morningstar.com.au

Edit #2 : the above -ve analysis was done at a higher price and contrast with other+ve analysis. I am just making a point regarding dividend ratios.

 

[Mr_Orange]

Since mid-November 2022, I can't see a single reason to have bought or now be buying IPH:

 

[cove]

I like the business that IPH are in and I bought because they were cheap. If you rely on charts you never get to buy stocks near their low point. Buy low and sell high tends to work for us if we ever need to sell.
I had my tax accountants query our investment in Waterco when they were very cheap.That one is up about 7 times.
When we bought into the old Eddy Groves property trust at 85 cents they became CQE and up 3 times.
Chartists miss these.

 

[Mr_Orange]

I like the business that IPH are in and I bought because they were cheap. If you rely on charts you never get to buy stocks near their low point. Buy low and sell high tends to work for us if we ever need to sell.
I had my tax accountants query our investment in Waterco when they were very cheap.That one is up about 7 times.
When we bought into the old Eddy Groves property trust at 85 cents they became CQE and up 3 times.
Chartists miss these.

Most people can't afford to tie up their capital for years and years without any return. You seem to own almost every stock on the ASX so I guess you don't need to be picky, but buying low and selling high rarely works out. Stocks that are cheap and are trending down are that way for very good reasons and buying them is generally a fools game. Assuming they don't go bust and you can afford to hold for 10,15, 20 years or however long it takes to turn a profit and still have other capital to invest in stocks that bring returns more quickly, I guess the strategy works, sometimes. You also need to factor in the lost opportunity when you have $$$$$$ tied up in stocks that are doing anything. Each to their own though.

Incidentally, I didn't put any technical indicators on that chart, as a chartist would probably do. I just read it for what it is and it took about 30 seconds to pick the date I quoted.