I have been in CGF for a little while now and they have been steady around 55 and 56 cents but today its up to 59c.......there has been no announcements........anyone knows whats going on??? Is this the start of a good thing???
CGF had a big jump last month from 45c to 55c I am keeping my eye on them ;)
tech/a
25th-October-2004, 08:46 AM
CGF appeared on one of my scans when you saw it.
It historically a low volatility stock,pretty conservative
in price movement.
60c is a new recient high and I feel any trading beyond
61c is certaintly a sign of strength.
Could just as easily fall back into its 3 yr range though.
A return to around 55c I would also see as a normal retracement.
Trading below 52C would be seen as week and a stop level for me.
tech
tmallie
25th-October-2004, 02:44 PM
I have just bought some more at 58c...............I am going for the long haul with them...........fingers crossed :rolleyes:
TM
tmallie
28th-October-2004, 08:39 PM
They're up to 61c again, I do hope this a sign of strength and good things to come.
TM
tmallie
5th-November-2004, 01:49 PM
CGF are talking about consolidating 1:5....does anyone think that this is a good idea???? They have also sold some big property in US and UK. The share price seems to be going up steadily. Anyone else got their eye on them, I surely am.
TM :D
tmallie
1st-February-2005, 10:55 AM
CGF went up 20c in the last 2 days. Any comments???
Julia
24th-September-2005, 01:31 PM
I've been looking at this for a while now. Stayed flat for many months.
At present, the fundamentals are looking good for buying in. As everyone knows, I don't have any technical know-how, but looking at a chart from the ASX website, my impression is that it shows the sort of pattern which would make buying attractive? I might be way offbeam on this. Would much appreciate any informed comments.
With thanks
Julia
tech/a
24th-September-2005, 03:57 PM
Nice. :D
kerosam
24th-September-2005, 05:26 PM
babcock and brown was apparently to be the next macquarie bank.... do any of you think CFS has got that potential to be in that league... though MBL is in a league of their own.... CFS seems to be on the same course as MBL buying income producing assets and sellin products.
Yippyio
24th-September-2005, 07:43 PM
BNB has been going very strongly and CGS has performed alot better since Packer got a seat on the board.
BNB the new MBL ???, the sp is certainly reacting that way. I have done very well from MBL, in the past but it is now getting to expensive to trade the multiples i.e. $ 20 970 on a margin ratio of 70% to buy 1000 shares.
CGS & BNB could be cheaper alternatives, to MBL as strong investment bank growth stocks with good dividend payout ratios.
kerosam
24th-September-2005, 08:08 PM
asked a friend who works in MBL and know allan moss personally to get an autograph from moss.... hope he delivers.
are there any broker recommendations for CFS? I was looking at it few months ago and thought nah, better value elsewhere. might keep an eye on them again.
bnb, bugga... wanted to get them when there were at about $12 but thought it'll retrace to the $10-ish line. if these major insituation continues their spending spree buying other companies/assets etc, it will just be a matter of time where every sector has a major insituation backing.
anyway, would be buy CFS or should you buy their products?
Julia
24th-September-2005, 09:35 PM
I hope I haven't caused some confusion about this thread. I've just noticed in the title that the code is printed as "CGS" It should be CGF. I must have mistyped it. Many apologies if I stuffed anyone up. However, from reading the responses It looks as though everyone has applied their thoughts to Challenger Financial Services Group, "CGF".
Will it be another MBL? That's what I'm hoping of course. However, at this early stage such an expectation seems to be a bit unrealistic. I do think it's worth having a piece of at this stage.
Julia
Joe Blow
24th-September-2005, 09:37 PM
I hope I haven't caused some confusion about this thread. I've just noticed in the title that the code is printed as "CGS" It should be CGF.
Fixed. :)
Julia
24th-September-2005, 09:40 PM
asked a friend who works in MBL and know allan moss personally to get an autograph from moss.... hope he delivers.
are there any broker recommendations for CFS? I was looking at it few months ago and thought nah, better value elsewhere. might keep an eye on them again.
bnb, bugga... wanted to get them when there were at about $12 but thought it'll retrace to the $10-ish line. if these major insituation continues their spending spree buying other companies/assets etc, it will just be a matter of time where every sector has a major insituation backing.
anyway, would be buy CFS or should you buy their products?
Kerosam,
I would buy the parent company rather than their products. The purpose of the holding company is to reap the profits from down the line. Similarly, I'd hold Macquarie Bank rather than any of their subsidiary funds - all of those profits eventually find their way back to MBL.
Re Babcock and Brown: I've had a disappointing buy into B&B Capital which is still languishing nearly 10% below what I paid. My expectation was that it would do as well as the original B&B which it certainly hasn't so far. Would be silly to sell at this stage. The expectation (hope?) is that once they get some major projects under way the SP should start to move.
I also hold B&B Infrastructure (used to be Prime Infrastructure) which did poorly for a long time, but recently has moved up well, and in addition, pays a very healthy dividend.
Julia
kerosam
25th-September-2005, 02:05 PM
any tech analysis out there to see it is still good to purchase MBL? i don't hold or intend to buy them. i already thought the bank shares are a bit expensive atm.
will keep a look out on CFS.
Joe Blow
25th-September-2005, 04:20 PM
any tech analysis out there to see it is still good to purchase MBL?
Kerosam, we should probably keep all discussion of Macquarie Bank to the current MBL (http://www.aussiestockforums.com/forums/showthread.php?t=1456) thread, just to keep things nice and organised. :)
kerosam
25th-September-2005, 11:30 PM
sorry joe. will do that.
Yippyio
28th-September-2005, 08:13 AM
A pretty lack lustre performance by CGF, over the last two days of trade, considering the strong sentiment towards investment banks, specifically MBL & BNB (riding the coat tails)
BraceFace
21st-March-2006, 02:30 AM
CGF was a popular pick late last year and earlier this year as one of the "stocks to watch" in 2006.
So far, it has been underwhelming, to say the least.
After hovering around the $4.00 for most of the year, CGF has now dropped down to the $3.60's and is definitely trending downward.
Is this because of management changes perhaps?
I'd be interested to hear some opinions on this one if anybody is holding or watching it.
My broker is telling me to get the hell out!! (I think he might be right!)
Julia
21st-March-2006, 11:43 AM
CGF was a popular pick late last year and earlier this year as one of the "stocks to watch" in 2006.
So far, it has been underwhelming, to say the least.
After hovering around the $4.00 for most of the year, CGF has now dropped down to the $3.60's and is definitely trending downward.
Is this because of management changes perhaps?
I'd be interested to hear some opinions on this one if anybody is holding or watching it.
My broker is telling me to get the hell out!! (I think he might be right!)
Braceface:
I'm also holding CGF and have been similarly underwhelmed in its performance.
It doesn't even have the compensation of a good yield.
Could some technical person be kind enough to offer an opinion on this one?
With thanks
Julia
Lachlan6
21st-March-2006, 02:35 PM
Hello Julia. Well purely from a technical perspective, CGF is looking a little sick at the moment. What could be interpreted as a double top pattern is looking like possibly unfolding. However, support at $3.55 would need to be broken, before CGF would be a sell. CGF has been a successful stock since listing in 2003, rising from around $2.50, to the all time high of $4.21 in September last year. However, CGF's subsequent fall and rise back up failed to make new ground and break the old highs, a negative for the stock.
This support at $3.55 is important however for two reasons. The aforementioned one, but also because this is where the long term uptrend line is currently and hence a break of this would signify a start of a down trend. OBV is still holding up on the weekly chart, but for CGF to turn its story around, support needs to hold coupled with a rise to new highs. If I were you, I would be watching the situation very closely, unless you are in for the long haul :)
Julia
21st-March-2006, 03:29 PM
Hello Julia. Well purely from a technical perspective, CGF is looking a little sick at the moment. What could be interpreted as a double top pattern is looking like possibly unfolding. However, support at $3.55 would need to be broken, before CGF would be a sell. CGF has been a successful stock since listing in 2003, rising from around $2.50, to the all time high of $4.21 in September last year. However, CGF's subsequent fall and rise back up failed to make new ground and break the old highs, a negative for the stock.
This support at $3.55 is important however for two reasons. The aforementioned one, but also because this is where the long term uptrend line is currently and hence a break of this would signify a start of a down trend. OBV is still holding up on the weekly chart, but for CGF to turn its story around, support needs to hold coupled with a rise to new highs. If I were you, I would be watching the situation very closely, unless you are in for the long haul :)
Hello Lachlan,
Thank you. Appreciate your comments.
Julia
GreatPig
26th-March-2006, 08:20 PM
A current chart for CGF.
It's had good growth from Sept 04 to Sept 05 but has been flat since then, from a long-term hold point of view.
It currently seems to be finding support around $3.60, and I think if I was holding the stock right now, my sell point would be just below that. However, even if it didn't fall below that, I would want it to start heading up again soon, otherwise my money would be better utilised elsewhere.
Not falling is one thing, but there's also the opportunity cost to consider.
Cheers,
GP
Julia
26th-March-2006, 11:47 PM
A current chart for CGF.
It's had good growth from Sept 04 to Sept 05 but has been flat since then, from a long-term hold point of view.
It currently seems to be finding support around $3.60, and I think if I was holding the stock right now, my sell point would be just below that. However, even if it didn't fall below that, I would want it to start heading up again soon, otherwise my money would be better utilised elsewhere.
Not falling is one thing, but there's also the opportunity cost to consider.
Cheers,
GP
GP
"but there's also the opportunity cost to consider"
Yes, indeed.
My apologies. I hadn't realised there was a CGF thread so I included comment on it within the current GTP discussion.
Thanks again for your input.
Cjeers
Julia
Lachlan6
1st-April-2006, 12:53 AM
Bad day today for CGF. It has fallen through crucial support and may now be open to a good CFD short trade. I'm opening my account on Monday with FP Markets so may just do so. As I said in my last post re CGF, next support is 50% retracement at around $3.15.
Julia
1st-April-2006, 11:38 AM
Sold this 28.3.06.
Julia
BraceFace
3rd-April-2006, 03:21 AM
Sold this 28.3.06.
Julia
Ditto, once got to 3.50 it was time to bail.
Not looking too good at the moment.
Time to channel funds into resources sector methinks...
marc1
20th-November-2006, 11:35 AM
good morning all
Does anyone have any interest or hold cgf ?
At last, some price and volume movement in the right direction last week.
Would appreciate any tech thoughts on the stock or general comments.
Holding at moment 6.5k @ $3.25.
cheers a newie.
theasxgorilla
26th-February-2007, 12:45 PM
My "law of inverse interest" is working well for CGF. 30% in 3 1/2 months from an ASXMidcap50 and still no posts since November last year, keep it up :)
Anybody know WTF happened this morning???
kooka873
24th-May-2007, 11:29 AM
Yes all quiet on this one, but SP doing nicely - my patience of the past 5 years is now justified - finally. I expect Mike Tilley will be handsomely rewarded to with bonus as a result of SP rises. Well known defence lawyer Mr Murphy was pushing the positive aspects of the company at the 2005 AGM & bagging the critics.
Kooka
mrgroundwork
23rd-February-2008, 10:10 PM
anyone still holding this... i got margin called out of my position back in august 07 on this... hurt like hell at the time, but considering current SP it was a blessing in disguise...
anyone explain to me why this has copped such a battering aside from the obvious (ie sentiment towards the sector)
agro
26th-March-2008, 04:59 PM
anyone still holding this... i got margin called out of my position back in august 07 on this... hurt like hell at the time, but considering current SP it was a blessing in disguise...
anyone explain to me why this has copped such a battering aside from the obvious (ie sentiment towards the sector)
this is old news (10/03/08) but thought i might paint the picture for fellow members:
SYDNEY (Dow Jones)--Cardiac Jolt Pty Ltd., which is linked to Sydney lawyer Chris Murphy, said Monday it has sold 15 million shares in Challenger Financial Services Group Ltd. for A$25.5 million.
Traders said there was speculation that existing Challenger shareholder and director James Packer may have bought the shares. Packer already holds a 20.6% stake in Challenger, through his private investment vehicle, Consolidated Press Holdings. The Bank of Tokyo-Mitsubishi UFJ Ltd. is Challenger's second-largest shareholder, with a 6.4% stake.
A spokesman for Consolidated Press Holdings was not available for comment.
Speculation that Packer had increased his holding, and short-covering boosted Challenger Financial shares, traders said.
At 0255 GMT, Challenger Financial was up 16.3% at A$1.86.
"That's why the stock's running, because people think Packer's throwing some money at it," said Goldman Sachs JBWere senior institutional trader Patrick Crabb.
A Challenger Financial spokeswoman declined to comment.
The Australian newspaper reported on its Website that Australia and New Zealand Banking Group Ltd. (ANZ.AU) exercised a margin call on Murphy's shares at A$2.50 a share. A spokesman for ANZ declined to comment and Murphy was not available for comment.
Prior to the share sale, Cardiac Jolt owned 28.6 million shares, according to Iress. The share sale notice sent to the Australian Securities Exchange by Cardiac Jolt was signed by Chris Murphy.
-By Lyndal McFarland, Dow Jones Newswires; 61-2-8235-2957; lyndal.mcfarland@dowjones.com
mrgroundwork
26th-March-2008, 09:10 PM
yeah i figured something like that would be the case... has probably been hit by th3e short sellers too... just suprising that this shares fall from grace hasn't received anywhere near as much publicity as all the other financials...
agro
28th-March-2008, 04:12 PM
i sold... at a loss :banghead:why did i get into the financial sectors knowing whats going on atm!! :banghead:
never the less..
after i sold hugggggggge selling
3 million seller at 2.00!!! whoa :eek:
next allco maybe? :eek7:
rhen
10th-August-2008, 04:22 PM
The OBV (with MA) is positive.
First appearance of a technical buy (for me at least) occurred earlier (in July). It may be developing a positive trend from its "bottom"?? in March...certainly a simple view of volume shows positive interest may be returning. Other indicators I've used confirm a short term trend may be in place.
I do not own any CGF...but this may change.
rhen
Glen48
20th-December-2008, 05:21 PM
My Mother has some loot with challenger and ideas on what she should do?
Leave it there take out some take out all of it???
willemrt
16th-February-2009, 11:14 AM
My Mother has some loot with challenger and ideas on what she should do?
Leave it there take out some take out all of it???
That's because their interest rates on mortgages are now much higher than the Banks, and they take weeks longer to implement the rate reductions. :banghead: I have two mortgages for an Investment Property with Challenger, I have now refinanced with NAB because they are now so much more competitive. So in the long term their customers might disappear as people move towards the banks.
So_Cynical
15th-June-2010, 10:01 PM
The CGF share price seems to be on a bit of a downer lately, even though the 1 year chart don't actually look that bad :dunno:there seems to be alot of interest around the 3.50 mark so maybe im seeing things...and the down turn is just general negative market sentiment for the financial's.
Anyone have an opinion..anyone following CGF
~
Boggo
16th-June-2010, 10:48 AM
Anyone have an opinion..anyone following CGF
~
I don't have an opinion as such other than it seems to be at a significant point at the moment and has popped up in my ABC scans over the last few days.
From this type of charting perspective it looks good IMO.
(click to expand)
chrisalex
7th-July-2010, 07:42 PM
This may be a little encouragement. My Father-in-Law has held CGF for as least 12 years, probably longer, even in tough times they have still paid dividends and been very consistent. For security, you could do a lot worse. I'm a bit of a gambler, prefer the volatility of Materials. Chrisalex
