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.”
Seinfeld & fund managers underperforming
Firstly I want to touch on the volatility in the pound. Most of this year I have broadly favoured looking for foreign currency exposure when AUD/USD is above 75 and more so at 77 as a guide. Continue reading “Seinfeld, active fund managers underperforming, the pound and IG markets, AGF & KAR / NGE.”
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?”
Apologies as this probably turns into a rant because I am annoyed at not selling all of my holding in APW a bit over a year ago. As a bit of background I became involved with APW after they changed name and survived a resolution for a wind up, yet before they won a lawsuit giving the NTA and share price quite a nice kicker. Continue reading “FRUSTRATED HOLDER OF APW (AIMS PROPERTY SECURITIES FUND)”
I have been posting about more general themes of investing styles of late so now I wanted to get up to date in terms of providing more detail about recent trades, or news on companies I own. Continue reading “COMMENTS ON RECENT TRADES – AAC, MVT, CYB, HHV, GVF, EVN, KBC, AGF, SSM, WCB, RNY.”
The AGF shares acquired just a little over a month ago at 83 cents were sold at 89.5 cents this morning.
AGF – I have mentioned this previously as a potential buy and I pulled the trigger at 83 cents this week for a few reasons. Since they started to get serious about measures to reduce the NTA discount it has probably improved a little to have been in a range of 15-18% of late but I was estimating this could have nudged out to almost 19% when I bought. Continue reading “The China stockmarket boom that never happened, and AGF.”