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Asx crew what are we buying today??
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Asx crew what are we buying today??
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Buy SGH or not to buy SGH, thoughts?
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>>1076635

It's not a good prospect at any price. The entire business model is fundamentally opaque. Besides, it's management are practically sitting ducks now. They have no real control over the company's future.
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>>1076223

Cc amatil when it's sub 8. Long term hold. Greencross when it falls under $5 and rebounds like it always does. And mesoblast: long suffering, dedicated, pioneering mesoblast.
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>>1076964
I week-trade them because they used to do predictable 10% swings, looking at price now is fucking scary.

>Greencross

Care to give me an analysis?
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>>1077010
I used to* week trade Mesoblast*
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V E U
V T S
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>>1077072
>falling for the Vanguard meme
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>>1076635
I've said it in other threads and I'll say it again. I don't rate something where the WIP is volatile based upon outcome. You could have $100,000.00 in WIP and get a big fucken donut because you lose the case.

Professional services firms as stocks scare me. Even though I'm thinking about Worley Parsons
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>>1076223
I've been buying up CDA. Fuck the haters.

Also waiting for news of the Western Union bid for OFX. I don't know if I'd prefer them buying or not because they put in a good offer (it might be lower though) but OFX is such a sweet business I'd rather own it for a long, long time.
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>>1076223
anyone investing in slater and gordon? seems like a bargain at the moment, any opinions?
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>>1078163

Did you even read the thread?
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>>1077248
Spreadsheet guy likes OFX, and I've taken a look at it and might put some coin that direction too. Might be a quick pickup if the buyout goes through.

>>1078253

This guy knows. I repeat what I said at>>1077132 and have said in several ASX threads along the way
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>>1078615
I think it might have moved out of "undervalued" range now. If WU don't buy and there is a price fall then buy that shit up, I certainly will.

Also, anyone see that 8% move in CDA? Th-thanks m-me. You're welcome.
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>>1078920
Yeah good call, just wish I saw it before the 8% move. You did well bruh.
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Can we make these threads NZX/ASX?

It makes sense given that most ASX brokers also allow NZX access and vice versa.

Anyway, Burgerfuel (BFW) on the NZX hit $2.20 today. They are expanding into the USA at the moment so have a lot of potential for growth. I think that's a decent price.
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>>1079516
>$2.20 today

Forgot to mention that this was a drop from $2.50 yesterday without any significant event triggering it.
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>>1079516
I'm down for this if you mob are. Considering commonality of issues.

What the shit is going on with A2M
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Does anyone know how spreadsheet guy makes his spreadsheets?
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>>1079487
I didn't so much call this move as much as I invest in CDA when its price is low (it's P/B is < 1 atm). This move just validates that it's a solid company that will (I think) have good earnings growth over the next 5 years.

It's had a few ups and downs recently and people like shitting on it on here from time to time because it's not biotech or mining speculative or whatever the fuck people invest in these days.

>>1079593
What sort of data is in those spreadsheets? I'm currently interested in getting bulk fundamentals for all ASX listed companies.
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>>1079909

>Enterprise Value/Revenue: 0.98

It's certainly low-priced. But that's not the same as cheap. 'Cheap' to me is when there's a decent chance it can improve its future returns.

>Return on Assets: 5.13%

Hmmm
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Ausfags, I'm interested in buying BHP for that delicious dividend yield. Do you think their dividend is sustainable, and they will recover, or are they fucked? Also, how does your tax system work. I heard that Australia doesn't keep any withholding tax if a company has paid taxes on their income ("franked")?
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>>1081292
I think there's tremendous upside, but there is tremendous risk.

I also think the dividend is going to take a beating. I do not, however, think they're fucked, but I would be ultra long term with them.

Franking is a tax credit given to you by the ATO to represent what tax has been paid by the company on the dividend at first instance.
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>Lithium
>Lithium
>Lithium
>Lithium
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>>1076223
How do you even bear to read about Australian companies? Does it not bore you to death?

>also tfw you know more american companies, and more about them, than ones in your own country.
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ICQ - iCar Asia
FLN - freelancer.com
AEE - Uranium
PDN - Uranium

These are the stocks I hold

VHY looks extremely cheap at the moment
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>>1076223
Index funds
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Thought this the best place to post. Got about 40k and unsure what to do with it. Do i keep earning some cash to put towards some property or stash it in an index fund/etf?
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>>1082139

Don't buy banks;
Don't buy any resource firm regardless of market capitalisation;
Don't buy food stocks; they are all thinly veiled China speculations and you're investing with the herd;
Don't buy specialised ETFs;

Buy telcos except for Telstra. Telstra's share price is almost entirely a function of its ability to pay large dividends;
Buy companies that derive some or most of their revenue outside Oz.
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So OFX got pumped today when they said they told Western Union to fuck off after not tendering an offer.

40 odd percent off the share price. Whilst Spreadsheet Guy is probably pretty pissed right now, I piled into it. Nothing much seems to have changed except telling WU to eat a bag of dicks, so I'm thinking this is the market overreacting as it tends to do on occasion.

Then again, I could be wrong and it could be the death knell, but I just don't see it.
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>>1081544

Your comment's retarded
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>>1082818
I just don't think many companies in Australia are doing interesting things, sorry.
Like the only reason our economy is worth anything is an inflated real estate market and digging up rocks.
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>>1079516

I'm so fucking pissed I bought $500 of BFW last week and it plummetted literally the next day it just shot down like 3x faster than any other fluctuation the past year fuck this shit.
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good gains everyone
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If stocks come just a little bit back up, or not SHORT ALL YOU CAN. TESLA, DAX, FACEBOOK YOU KNOW:
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>>1082754
OFX up 12% today, just saying
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>>1083401

nigga what are you doing? Did you just buy BHP or Santos as your entire portfolio?
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>>1084567

<88E

in actuality the stock is fine, (good even) - they're prospecting in Alaska and results should be coming in the next few weeks. even if there's no oil the government gives them a 90% rebate

but basically the company issued a shitload of new stocks to raise capital, and then issued a trading halt (so people freaked out thinking they'd be millionares) and delivered average news and people just exited. fucking rampers

>IBG

price of zinc sucks. hoping it goes up r-right

it's definitley been a learning experience. penny stocks are an amazing way to make you stop caring about your money
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>>1084579

There are literally thousands of minerals explorers on the ASX. They all do a cap raising every quarter, have billions of shares on their registers as a result, and all they ever sell is hope, and generous options packages for their management. Sell your holding now and ascribe the loss as an investing tuition fee.

They are not businesses. None of them.
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>>1079516

I don't see that expanding into the US will be easy for them. Their burgers are ok but not amazing, and they're going to find it hard to compete in the saturated environment.

What do you think of Warehouse? It's 2.66, as cheap as it's ever been, and I don't see it folding up any time soon.
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>>1084582

Yeah, seems to be that way. Still, writing off $2500 isn't easy - I'll try and wait for it to get a bit higher up and then I'll get out of there (its not going down any further lel)

What fields would you recommend personally?
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tis
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>>1084598

Biotechnology: SRX, MSB
Healthcare equipment: RMD, COH, CSL
Consumer goods: CCL, DLX
IT services: APX, IRI, HSN
Financial services: CAR, OFX, QBE

The banks-and-mining mentality of the Australian investor is at its heart a failure of imagination
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>>1084607

Thanks alot man. From the start I went in with "oil and minerals what could go wrong" and now I realise how naive I was.
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>>1084609

Resources will rebound, no doubt about it. But you're not buying nickel or magnetite or oil. You're buying a share price, regardless of the sector.
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>>1076635
Dude dont, i bought in a few weeks ago and lost 40% of my investment. Avoid
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>>1077074

I dumped some into Vang as it's got a pretty strong overall performance over the long.

That being said we're getting fisted at the moment.

I put in a 5k bid to try and pick up some on the cheap - if they continue to decline I wont be too butthurt as i'll hold onto them for a decade at least.
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>>1081545
>These are the stocks I hold


I've got AEE - have had for over a year or so now - its going pretty shit but it will perform over the coming years.

PDN is IMO undervalued - i know they put a fair few more shares onto the market (understatement) so it's diluted a bit but i've also got money with them. They'll be a long hold - I'm hoping uranium becomes the new oil in a while (a LOOOOOOONG while it'll be - but still).
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>>1084725

That's the way. Rock bottom prices for a quality stock.
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>>1084739
IKR - I'm a fan of the EFT's simply because they ofset risk.

PDN / AEE took a hit after the japan fuckup and it's going to be a while before they get back on their feet. but anything that goes across a number of shares has at least a level of protection as if 1 company tanks the overall loss isn't so bad you wanna jump out a window or have to start cam whoring for cash.
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>>1081541

ORE?

>>1084598

I understand that feeling, as an owner of STO I should have sold on that take over bid but decided to hold. Same thing with Ansell.

I started last year bought in and made 20% sold and held onto the trash and I've eroded any gains I made.
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Blood on the dance floor today. I cannot believe Mesoblast is flirting with $1 given its development position. Prime example of how the market can be retarded when it comes to valuing risk.
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>>1076223

You should buy tickets to a better country, or at least tickets to a place where you can jump from a high place and end your lives.
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>>1084582
>>1084582
This. Absolutely great advice in my view, and I subscribe to it after getting fucked on LYC and DRK.

I'm the same dude who is mentioning OFX all the way through this thread, and I'm glad Spreadsheet guy tipped me off to it - down a bit today, but still up from where it was two days ago. Also think its a solid company.>>1084607
I think SUN at these prices should be considered as well
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>>1085969
No dividends no love bruh. If it goes to $1.00 I will pick some up though.
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>>1076223
Can food and a shotgun
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>>1084582
>>1086446

well, in an unexpected turn of events the prospecting company announced some good results
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>>1086522

and its up 60% on the LSE
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>>1086522
>>1086587

Are you still trading at a loss though?
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>>1086597

I've almost broken even now (1.35c on the LSE, I bought at 1.5c)

Up to 83% now. Another final news update next week that'll make or break
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jump in boys the ASX closed at 40% and its up to 90% on the LSE

presumably it'll catch up, try and snag some on the market open
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>>1086611
Oh shit I'm late
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>>1086611
How can I jump on this right now holy fuck?! Easiest way to buy $10k worth at this point in time
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>>1086615
>>1086639
>>1086587

ITS UP 180% IN DAY!!! ITS ALL TURNING OUT MILLHOUSE
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>>1086701

lol fuck it I went in with 1k will see what happens with it over the next day and sell.
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Opinions on BFC and also health shares? I mean we have an aging population is there any possible way that health care won't make good returns?

Best to invest in say Ramsay or one of the big ones or a smaller, newer company with more room to grow?
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>>1081541
>not also mentioning the powdered jew
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>>1087994

Yea I know that feel, own A2M & BAL. though I bought in way later then you and my holdings are substantially less. Luckily these babies have offset my losses in other sectors.
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>>1087994
Good to see someone succeeding - well done mate.
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>>1087994
>profiting on the powdered jew
we nz now?
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>>1087994


Can I ask what you're using to view your holdings?

I'm with Commbank and use their shitty thing but it doesn't really give to great a synopsis of what's happened.
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>>1087994
>jew
xD
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>>1088505

Thats comsec...
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>>1088168
Cheers - I hope we all make it.

>>1088334
I missed out on the BAL train but I got onboard A2M at the right time. Hopefully the bubble hasn't burst and we see $2.00 again soon.

>>1088505
Just commsec. It's pretty shit and basic though, especially when you get dividends. It's better to use a spreadsheet or dedicated software if you want accuracy.
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Everyone ready for the bloodbath today?
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>>1084579

Just sold @ 0.017 after buying in at 0.014 yesterday morning.

Who would have thought I'd get great little tip on the chans.

thanks mate.
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>>1090079

nice one! I'm going to hold this desu, the risk has been reduced and I think I can get a down payment for a house with this :^)

a mate of mine put 10k down a few months ago so he's already doubled his income

>next week they announce a duster and I lose everything
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>>1090079

put in another order for $1000 at 0.016 yolo
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>tfw too much of a beta bitch nigga baby to play high stakes /biz/ gambling
>tfw reading about all the fun these Anons are having

Never stop posting guys I love to read it all
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>>1090422

do it man, it's scary to take that first jump but once you do it's alot of fun being on the rollercoaster
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>>1090422
>tfw buying $6k a month of ETFs because too lazy to fuck with anything else

Try to get a demo/practice account somewhere so you can fuck around with some pretend money first. Dunno how to do that for shares though, I've only done it with forex.
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>>1090079
>>1090414

it's just hit 0.225 and now im worried it might be a pump and dump
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>>1090473
i'm positive there was practice asx out there like investopedia because some dumb bitch paid me to do an assignment on it for retard math in high school

this was nearly 10 years ago though
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Thoughts on ASX.RED?

>Market cap of ~$50 million dollarydoos
>Producing ~$12 million a quarter in gold sales
>Price of gold rising because of Illuminati and Jews trying to take over the world
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>>1090516
it's still around, fark
https://game.asx.com.au/game/info/public/about-the-game
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>>1076223
We're not buying.

We're selling. Ethereum.

It's crashing
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>>1090523
>RED

Looks like its the beginning of a rise, jump in and sell soon.
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>>1090538


I actually signed up to that but found it helpful with only dumping large sums and checking in.

There's some ppl that hard out try and day trade it but i'm a retard so I used it simply to teach me how large investments would fuck my shit up or do okay so I could feel a bit of an idea of the burn.
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>>1090473

Where the fuck are you getting 6K a month to purchase shares.

That being said - if you're not dumping it into your superannuation ETFs are the safest way to keep your money protected from significant risks.
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>>1090565
>Where the fuck are you getting 6K a month to purchase shares.
Contract work for a company in clapistan

Dunno if this will last much more than another year though, so ETFs seem the way to go. Relatively safe (compared to individual company shares) and I can build up enough to make dividend reinvestment mean something
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>>1090565
>protected from significant risks

What about the stupidity of super managers?

Lots of them bought into the Atlas CR a few months ago.
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>>1090422
>>1076223
I'm with you, love this thread. Still in OFX even though all gains been polished off - I think the market is just pressuing it the ufck down.

>>1090473
Its on the ASX website>>1090523
I aint touching mining at the moment - see the advice up top.


Anyone thinking nows a good time to round out your bluechip portfolio? NAB at $24? WOW at $22? I don't care about the bad publicity WOW is getting, everyone still fucking shops there or coles. Aldi stuff tastes like rotten magpie carcass
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>>1091556
WOW getting out of Masters is probably a good thing in the long run

They're only good at selling milk, bread and petrol imo
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>>1091295

buying into 1 share idiotically isn't the worst imo.

If 1 share turns out to eat a bit of shit but the others perform even somewhat well you've reduced a risk. Shares can be a bit of a gamble which everyone accepts - EFTs just have a lower risk than single companies imo.
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