Australian (ASX) Stock Market Forum

Recent content by BSD

  1. BSD

    WOW - Woolworths Group

    Re: WOW - Woolworths off market buy back Buy back works for low or zero tax environment holders (allocated pensions). They get full benefit from the oversized franked portion of the buy back price and therefore their total sale price is greater than prevailing market price. Risk is...
  2. BSD

    BHP - BHP Group

    Most would prefer to calculate the value of the company based on estimating present value of future cashflows - without refering to NAV at all The resulting premium to NAV this NPV represents is totally irrelevent, except in the case of potential wind-up. Further, the 'underlying value' of a...
  3. BSD

    BHP - BHP Group

    But how appropriate/realistic/relevent are the valuations of assets used to calculate the $10 NAV? Do you actually believe the NAV of BHP's balance sheet represents the actual prevailing market value of the assets like Escondida, GOM, Olympic Dam or the Pilbara if they were to come up for...
  4. BSD

    BHP - BHP Group

    Really? Setting aside the irrelevent "net asset" figure (don't think BHP is going to be wound-up any time soon) - the research I am looking at currently has BHP trading at 9 times forecast June 2011 EPS and 8.5 2012. Hard to see how this is expensive on earnings in lieu of having a...
  5. BSD

    CGG - Citadel Resource Group

    Accounting profit? No idea! Estimating Depreciation, hedging, interest costs etc ??? - I am a trader not an accountant and don't care too much for regulatory numbers. I just look at funding requirements and crude cashflow levels and add a big enough discount rate and low commodity prices...
  6. BSD

    CGG - Citadel Resource Group

    With copper again in the spotlight, CGG is worthy of another update... The situation continues to improve as management keeps ticking boxes on the way to production in 2012. BFS completed for 2.6million tonne throughput of 2.4% Cu and 0.4gtAu equiv ore. Costs sub $1.00lbCu. Try and find...
  7. BSD

    What happens if a stock broker goes bankrupt?

    As long as the shares are not lodged in some weird collateral agreement - you will be fine. The broker doesn't own your shares - they are not an asset of the broker. You could always go 'issuer sponsored' for a complete admin pain in the backside. But if you are still worried, you...
  8. BSD

    BLY - Boart Longyear

    The wholesale offer was also done at 27c and it dwarfed the SPP. While a lot of this stock is already OTD above 30c; a massive portion of the register will be taking 27c very seriously That all said, now without the fear of debt, many would be keen to fill boots again on any retail panic...
  9. BSD

    Dust storm in Sydney and Brisbane

    Cue Global Warming Alarmists
  10. BSD

    CGG - Citadel Resource Group

    After-market announcement of A$25m placement to European offtake partner at 34c - good premium to prevailing market http://asx.com.au/asxpdf/20090819/pdf/31k5r0r1k4yxj6.pdf The instos interested in getting set after the recent company presentations will have to buy on market now. Stock...
  11. BSD

    BHP - BHP Group

    Numbers look stunning to me - take in the results preso. http://www.asx.com.au/asxpdf/20090812/pdf/31k1xr3z7klk1k.pdf Who seriously cares where the numbers come compared to analyst consensus? The future is what drives the stock and BHP is cum massive upgrades when the weak analysts...
  12. BSD

    CGG - Citadel Resource Group

    Thought this raising to be a good outcome. The feasibility on the leach project showed $15m of capex required and the company didn't want to have debt based project finance. The fact they could use the high gold price environment to get $22m in new cash means they go green light on a...
  13. BSD

    Poker

    The bots only bother in me in that you lose some romance. Knowing they will go all in on all 50%+ props (AA, AK) is boring, but not cheating. I would often enjoy the bot play because you had a firm understanding of what they played. The automatic stuff isnt technical, it is all in on 50% or...
  14. BSD

    Poker

    Yes, at the end of a 'long' evening a month or so ago I played some 'blackjack' in a nice quiet room at the Treasury without looking at the rules, waiting for a spot on a $5-$10 NL table downstairs. I hadn't played in a while, so didnt worry about checking the 'rules' of the 'blackjack' I...
  15. BSD

    Poker

    Totally agree regarding the hopeless Treasury Casino poker room Empty tables, wait list, no cocktail service, closing full tables... No wonder Tabcorp (TAH) is doing hopelessly. Goes to show a business built on a license to steal from stupid people getting unders in TAB markets cannot...
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