AFF Member Stock Discussion

[cove]

Had a day of selling some hybrid securities to have some funds for an acquisition. Hasn’t proven to be too difficult so far.
We think hybrids are a good store of cash where you get the funds back in 2 days versus a bank term deposit. We will miss the bank hybrids when they are gone in 2032.

 

[tgh]

Sorry I have been out of the loop.. any intel on WAM ipo ?

 

[cove]

We did the WAM Founders but did not look at the other new WAM fund.

 

[Mr_Orange]

The word "yo-yo" springs to mind with market activity at the moment!

 

[tgh]

Any IPO in the current market has to be very speculative IMO..
Iirc Founders was a little too spec for my comfort zone...
Otoh.. all that hybrid cash has to go somewhere.. lets hope smoke does not present with excess prominence in the outcome

 

[prozac]

The word "yo-yo" springs to mind with market activity at the moment!

The Dow has seen alot of down days lately. I am cautious. Not selling, but not really buying.

 

[Quickstatus]

hybrid securities

Tier capital hybrid?
Is liquidity ever a problem?
Discretionary interest?

 

[cove]

You shouldn’t buy more than say 50,000 of the most popular hybrids to avoid difficulty in selling them inside a week.

 

[lakeman]

You shouldn’t buy more than say 50,000 of the most popular hybrids to avoid difficulty in selling them inside a week.

5 million limit !
No worries

 

[cove]

Yes work with hybrids that have say an average sales of 10,000 a day then assume you can sell 50% of them per day. 10 trading days would get you out.

 

[cove]

Well the folks in the US will find the going tougher as prices rise from the new tariffs being imposed. We decided to grab some profits and we will see what happens next. Buffett has been selling and he may be correct.

 

[Disco]

What on earth is happening with CYC, I thought they had managed to get into the US market.

 

[cove]

It isn’t us selling CYC.

 

[MARTINE]

It isn’t us selling CYC.

Nor us - the have the market sewn up for technegas in the US. Maybe RFKJr has other ideas

 

[Quickstatus]

What on earth is happening with CYC, I thought they had managed to get into the US market.

I believe it is more hype than substance and is old technology looking for a new home.
Technegas has been around for decades and has been used around the world, including Aust, NZ, China, South East Asia, Europe, Middle East, Africa, Canada
The US remains the holdout. Any further market growth is hung on access to the US market.

Additionally and more importantly,

The gold standard testing for pulmonary embolism testing is no longer a ventilation perfusion scan where gases such as Technegas is used.
The Gold standard is a CTPA - CT pulmonary angiogram where no technegas is used - just intravenous contrast is used

In the small number of other medical conditions where Technegas is used, the emerging competition is Xenon MRI.

 

[Quickstatus]

CYC also negative FCF into the forseeable future. Presumably this is due to expansion into US markets?

 

[cove]

Thanks for the medical input on Technegas @Quickstatus.
It appears that a recession is looming for the US so watch out for signs. The current administration in the US don’t seem to have much idea about tariffs.

 

[RooFlyer]

that will provide long term shareholder outperformance in the business.

Well, best of luck on finding any airline that satisfies that criteria.

 

[Brissy1]

Thanks for the medical input on Technegas @Quickstatus.
It appears that a recession is looming for the US so watch out for signs. The current administration in the US don’t seem to have much idea about tariffs.

Tariffs? What are ...oh yes I remember now, my parents had to buy my transistor radio in Singapore, too dear in Australia.

As tariff reductions have enabled growth without inflation, will tariff increases risk recession with inflation? And how do you then control inflation if you're already in a recession? Interesting times.

 

[cove]

Yes we live in interesting times @Brissy1.
Looks like the naz_ style salute has really reverberated in London with a number of Tesla owners wanting to dump their cars. The UK still remembers getting pounded by the naz_s 85 years ago.
When the US administration changed over their economy was running quite well but cost of living pressures were significant and the US deficit was alarming each year.
Basically the rich were getting richer and millions were getting left behind.