In my last blog update I shared my concerns about the number of new LICs that have come to the market of late. Not long after this I read another story to add to the supply picture.
CYA – Still looks quite cheap at 90 cents when the ASX200 is around 5,550. Wilson put out their document and it looks like this will simply be a vehicle with a mix of the WAA and WAX strategies. Continue reading “CYA, NGE, REF, MVT, AIK, AGF, CEE:US, TTS, CLT, SVWPA, APW.”
Just wanted to mention I will be unlikely to follow the stocks MEL & PTB as recently have ceased holding after being in both for about a year. Both I would describe as stories where nothing unexpected occurred yet the market moved from a cheap valuation to fair value. Continue reading “A COUPLE OF SALES & POTENTIAL OPPORTUNITIES WITH DEMERGERS”
Growth is in inverted commas because the fund very strongly favours the value investing style over that of growth. Also the fund has disappointed investors in regards to the level of growth achieved in recent years!
I bought some shares at $1.17 today so hopefully that is about to change.
I first made comment about CLT for the share idea website back in March this year.
The stock was trading at 18 cents at the time and has since paid a 1.25 cent divided. Last week it received a proportional (83%) takeover offer at 28 cents. Continue reading “COMMENTS ON CLT, APW, AIK, GDXJ:US, RMS”
I nearly always enter an investment assuming I may be holding that company in terms of years not months, but with some selling I have done of late it hasn’t turned out that way. A month or two ago I pointed out the difference in performance of the leading companies on the ASX versus the small ordinaries over the last year or so. Continue reading “TAKING PROFITS IN SOME SMALLER LICs”
I was stopped out of NST today at 3.92. It’s a little disappointing to let go of NST, EVN & OGC in recent months as I thought the environment had the potential to push these even higher still. By the same token I had a great run in them all, NST mentioned here in January though have held longer. Continue reading “Selling NST, buying nothing!”
When I last wrote about OGC recently I referred to them increasing production and diversifying their production profile away from the Philippines as a positive. The market reaction this week has shown why that could have been the case. Continue reading “Sale of OGC”
If I had to bet on a couple of corporate re structures to occur in the next year or two, they would be for WAA to merge or takeover another investment company to gain size, and CYA to be rolled into a re-branded entity to assist in the market fully valuing assets on hand and the tax losses on the balance sheet. Continue reading “Time for Wilson & Century Australia to get together?”
I was flirting with selling this on Sep 5th when I posted about getting more defensive and thought instead I’d have a trailing stop to take profits at lower levels. Today even though it’s weaker it is still about the level I was pondering to exit. Continue reading “Sold CYB”
Last time I wrote about being underweight the AUD I suggested above 77 on AUD/USD was attractive to make such an underweight more meaningful. I would ideally like to be about 10% underweight around here, but stock selection is my main focus and I never like having too much in derivatives or low yielding assets to get to such a target. One way in which I have now managed that recently is by buying some AGF and also the GOLD ETF on the ASX which I already mentioned this week, more so when the AUD/USD around 76.4 but some higher. Continue reading “AGF – The only way to invest in USD cash with a decent yield?”
KBC – It hurt a little selling the remainder half parcel at the 14 cent level of KBC at such a large discount to NTA but a lot has happened this year with this stock. Continue reading “KBC (sale), AIK, OGC.”