Australian (ASX) Stock Market Forum

Recent content by craft

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    PNC - Pioneer Credit

    Hi @Faramir I exited Pnc as soon as it restarted trading. Wasn't prepared to risk deal completion then, certainly wouldn't risk it in this market. Not following developments in this company, many better opportunities in this market.
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    PNC - Pioneer Credit

    Hi @Faramir $1.82 'less' special div. It could have been worse. I built and subsequently disposed of a position in PNC, keeping my initial 25K exposure with a thought that I may rebuild it again one day after the dust settled on accounting recognition issues. I don't really subscribe to a lot...
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    CGT finding cost base issue

    Investa has had a few name changes, Armstrong was the first, then ING Office and finally Investa but its all still same company since 5/1/2000. Un-adjusted prices. Adjusted Prices (1 for 4 consolidation in 2012 plus a few other adjustments over the years). If I couldn't calculate adjusted...
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    PNC - Pioneer Credit

    Yep Train wreck, but fascinating. I have 13,905 with a cost base of $1.795 (25k cost base). They were my initial purchase to see how PNC felt, increased the holding and then decreased as things unfolded but kept the original parcel because I have a morbid fascination with debt collector...
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    Dump it Here

    Reading another thread I was thinking how important the journey is and not wanting to clog up that thread I thought I might dump here if thats O.K. Then I see your post Peter and I think how important staying the course is and so, face one of my unresolved conflicts. I started as a Muppet...
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    XAO Bull

    I'm not overly concerned; Household debt has not risen any faster than household wealth. Debt however has risen faster than disposable income, so servicing becomes a problem in relation to taking on more debt. That is why savers need to start moving the money via some other mechanism than...
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    XAO Bull

    I doubt the RBA cares whether cash deposits get spent or invested productively, either is good for the physical economy. But they have to get it moving because debt loads are too high to rely on more borrowing to soak up the deposits to get it circulating. Thanks for your response all views are...
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    DDR - Dicker Data

    Hi @Klogg When I use the mantra, “buy right” it means buy good businesses at prices that make sense. “Hold tight” to me means hold through thick or thin so long as the business is trending in the right direction. The thick is sometimes the hardest to deal with, you know the earnings are...
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    XAO Bull

    I’m not sure why the preference for cash. I don’t have that preference, so I don’t understand it. Giving it a couple of minutes thoughts and making some wild arse guesses, maybe the older generation who are wealthy, experienced the GFC and didn’t like it, have less ability to return to work if...
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    XAO Bull

    Hi @fiftyeight I obviously created the chart poorly because what you should get from it is that cash holdings compared to equity holdings is high. The amount of cash held as a ratio of cash/equity increased after the GFC to early 90’s recession levels and has stayed there since. The data is...
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    MMS - McMillan Shakespeare

    I’m going to tender some of my MMS shares into the buyback. Here is a trade analysis of one of the parcels. The $15.95 after tax sale price is based on todays close and the calculations in the above post. Buy back is not concluded until 22/10 so final proceeds received will vary a bit.
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    Awaiting a global downturn...??

    That is awesome that you have already addressed your loan interest rate. I’ve done some quick numbers. Calculation (a) is 150K for a 30-year P&I at 4.5%, your original situation. Calculation (b) is your new situation of 3%. Clearly the savings of time and interest are huge. Kudos for...
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    SFC - Schaffer Corporation

    Nice to see you still here and still on this path. Also thanks (ongoing) for the thoughts you post on lots of these smaller companies Cheers
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    Awaiting a global downturn...??

    O.K lets address both, or at least give you some random opinions. Starting with trading. Firstly, In relation to your thread title “Awaiting a global downturn?” The advice that macro timing is basically dead is on the money, at least as far as predicting the Macro environment goes – it’s...
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    Awaiting a global downturn...??

    Do you want to invest and achieve market returns, whatever they may be? This is easy to implement but not necessarily easy to stick too. Efficiency is the key to get right with this approach, little expenses make a big difference. Or do you want to trade and try to do better than the market...
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