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Gundy

The Sharemarket Thread

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12 hours ago, dazaau said:

Not a monopoly anymore, Google chi-x. Over 25 per cent of trades now go through it.

Haha. You are deluded. 

Chi-x made a total profit of $30,000 last year. That's not a typo. 

They are as much competition to the asx as the Newcastle stock exchange is. 

 

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14 hours ago, Peter said:

Bought some asx shares today. 

Only 1000. But they are a monopoly.  

What could go wrong. 

I've thought of ASX a few times but never pulled the trigger. Looking at the share price today they would have been a great investment but currently all the recommendations are for a sell or that it's overvalued. So I'll wish you good luck on that one and leave it alone for now.

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I'm winding down my exposure in shares a bit in the belief that something is coming out of the US/Trump that could be the trigger for a market correction. I've been having trouble finding shares that don't seem fully priced so maybe that's reason enough to take some profits and sit on some cash for a while.

Sold my Suncorp shares on Tuesday at $13.95. So a nice cap gain of $1.10 + a dividend on that one. Waiting for some positive trading days and will sell a couple of other shares as well I think.

 

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19 hours ago, Mjainoz said:

Share trading thread on a triathlete site. 

= time to sell ? 

 

Reminds me of a story. archive.fortune.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm

 
April 15, 1996

(FORTUNE Magazine) – JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:”

 

:)

 

Ha ha maybe I'm the shoeshine boy and don't realise it. We've definitely just seen that with cryptocurrencies. A lot of people with no idea having a crack at what I believe is the worlds biggest pyramid selling scheme to date.

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3 hours ago, Gundy said:

I'm winding down my exposure in shares a bit in the belief that something is coming out of the US/Trump that could be the trigger for a market correction. I've been having trouble finding shares that don't seem fully priced so maybe that's reason enough to take some profits and sit on some cash for a while.

Sold my Suncorp shares on Tuesday at $13.95. So a nice cap gain of $1.10 + a dividend on that one. Waiting for some positive trading days and will sell a couple of other shares as well I think.

 

Yeah it's scary that trump has a brain fart and shares fall or rise. 

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4 hours ago, Peter said:

Haha. You are deluded. 

Chi-x made a total profit of $30,000 last year. That's not a typo. 

They are as much competition to the asx as the Newcastle stock exchange is. 

 

I think that's like saying Vodafone is not competition to Telstra simply because they lose money every year. It's actually impressive chi-x are profitable so quickly. 

Anyway, there is some competition in this area, while many areas of trade are still asx only - but that is likely to change in the future. Doesn't mean asx won't make bucket loads, but a monopoly it will cease to be in many areas. 

Edited by dazaau

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46 minutes ago, dazaau said:

I think that's like saying Vodafone is not competition to Telstra simply because they lose money every year. It's actually impressive chi-x are profitable so quickly. 

Anyway, there is some competition in this area, while many areas of trade are still asx only - but that is likely to change in the future. Doesn't mean asx won't make bucket loads, but a monopoly it will cease to be in many areas. 

No one else clears in Australia. They do it for chi-x and the Newcastle exchange. That's where they make their money. Well listings too. 

 

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On 15/02/2018 at 4:32 PM, Riddos said:

CAT - Rode from $0.85 up to $4+ and most of the way back down. Still holding and think they'll come good as the recurring revenue side of things pick up. 

 

CAT in the news today Riddos - 

Catapult Group to raise $25m

Global sports analytics company Catapult Group International is raising $25 million through an underwritten institutional placement to fund growth.

Investment bank Goldman Sachs is working on the offer at $1.10 per share, a 6.8 per cent discount to the company’s closing share price of $1.18 on Friday.

On offer is 22.7 million shares or 13.2 per cent of issued capital.

Proceeds are being used to growth the Elite sales team, accelerate Prosumer unit sales growth, invest in development of its Tactical product for the 2019 financial year launch and invest in other products in the technology stack.

Edited by Gundy

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Sharemarket having a few tough days because of old Trumpys attempt at starting a trade war. Is this a correction and a buying opportunity or the beginning of the next GFC?

I'm down a bit but glad that I'd lightened the load a few weeks ago. Should have sold all of my ANZ shares instead of just half (Wagners is what I bought with the funds from the ANZ sale and they've done very well) but that's the benefit of hindsight.

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I'm only down about 1% as of this morning, not seeing enough of a fall to be rolling out the buy orders just yet, but keeping an eye and primed to go

ANZ is going to be an interesting ride, as will most of the big banks with the commission.  Going to take a while for all the dirt to really come out for them, so I'm looking at an opportunity to buy some depending on the news and performance against the general market.  I'm holding some BOQ which really haven't set the world on fire since buying them around 18 months ago, but figure they should come out ahead after the commission.

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Becoming more and more aware of the 'short term memory' of many investors at the moment.

2 cases: I followed Crown shares after the possible illegal practices were exposed start of the year.  The market responded by slashing just under 20% of the share price overnight.  The price today is back above the value at the time of the news breaking.  I'm wondering if people pulling their funds out of bank shares are putting them there instead...

And speaking of Banks, AMP is an interesting one to watch as well, prices have been dropping since 2 weeks ago when the banking commission turned up the blowtorch.  Shares dropped around 10% in the wake, but has been slowly starting to go up since the new chairman etc was announced.  Will be interesting to see how high it gets again

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On 16/02/2018 at 2:38 PM, ComfortablyNumb said:

Should add, though we have bought a few of our own shares, we now get a local accounting firm with an investment advisory division to do it for us.  Tracking shares bores me stupid & I'm crap at it.  I'm just hoping they are better, but after the first 6mths with our $'s, the total value of the portfolio is down by 3% - largely due to them buying TLS and VOC.  They have invested for us in 13 Aus shares, 4 fixed interest funds (all major banks - e.g. CBAPD), and 2 Exchange Traded funds.

Hey CN, have I got the investment opportunity for you in Precious Metals

Be quick before that dirty stinkin' FP snaps 'em up!

Edited by Moshy

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I was interested in a company called Johns Lyng Group (JLG) that is essentially involved in construction but specialises in clean up and rebuilding after natural disasters.

Had a go at buying some shares a few weeks ago at $1.30 but they traded down to $1.32 and no closer so nothing happened. Now at $1.50 and I'm kicking myself.

Now have the conundrum of whether I just give in and buy them at $1.50 or ignore them for a while and see if they revert back to some cheaper levels.

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