News today that Reg Kermode sold 47% of his CAB shares just before Half Year results are to be released. Doesn't seem like a good indication of things to come.
This was news last week, and the H1 results are not due to be released until 23rd of Feb, so not right before.
It would be interesting to know why he sold half his stake though
Last week? Really? Where do you get your news source from?
A month before is close enough to "right before" for me. The half year is over, they release them on 23 Feb. He would know information on the company better than either you or I. Seems to worry me that he sells such a large amount of his holding.
Does anyone know the disclosure requirements (ie is he forced to disclose?) when someone of Reg's status sells their shares? I'm just wondering what he is playing at here. Why only sell 47%?
Was trying to buy this at $4.30 on the last retrace. Changed my order to $4.35 the next day missed it by a cent or two. Kicking myself for worrying about a few cents here and there, when it will not matter in the long run. You live and learn.
This is straight from Phil Fisher book (common stock, uncommon profit) I read some years ago...I still regards it as one of all time best book on stock investment...
Don't quibble over eighths and quarters.
After extensive research, you've found a company that you think will prosper in the decades ahead, and the stock is currently selling at a reasonable price. Should you delay or forgo your investment to wait for a price a few pennies below the current price?
Fisher told the story of a skilled investor who wanted to purchase shares in a particular company whose stock closed that day at $35.50 per share. However, the investor refused to pay more than $35. The stock never again sold at $35 and over the next 25 years, increased in value to more than $500 per share. The investor missed out on a tremendous gain in a vain attempt to save 50 cents per share.
One thing I don't like is that they have taken on more debt to fund this contactless system. Balance sheet is starting to look a little more unhealthy. Not saying that it is unhealthy, just saying it looks a little more unhealthy than say 2 years ago.
Really not liking that their debt equity has increased to around 42%.
Plus EPS is actually a lot lower compared to Dec 2009. We all know why it was low in comparison to Dec 2010 (****ing ACCC) but even underlying profit in Dec 2010 was low. So increase of 11% underlying profit for Dec 2011 isn't saying much.
I mean still not bad overall, still on track to around 16% ROE (which has also declined). Just voicing my concerns is all.
One thing I don't like is that they have taken on more debt to fund this contactless system. Balance sheet is starting to look a little more unhealthy. Not saying that it is unhealthy, just saying it looks a little more unhealthy than say 2 years ago.
Really not liking that their debt equity has increased to around 42%.
Plus EPS is actually a lot lower compared to Dec 2009. We all know why it was low in comparison to Dec 2010 (****ing ACCC) but even underlying profit in Dec 2010 was low. So increase of 11% underlying profit for Dec 2011 isn't saying much.
I mean still not bad overall, still on track to around 16% ROE (which has also declined). Just voicing my concerns is all.
This is straight from Phil Fisher book (common stock, uncommon profit) I read some years ago...I still regards it as one of all time best book on stock investment...
Don't quibble over eighths and quarters.
After extensive research, you've found a company that you think will prosper in the decades ahead, and the stock is currently selling at a reasonable price. Should you delay or forgo your investment to wait for a price a few pennies below the current price?
Fisher told the story of a skilled investor who wanted to purchase shares in a particular company whose stock closed that day at $35.50 per share. However, the investor refused to pay more than $35. The stock never again sold at $35 and over the next 25 years, increased in value to more than $500 per share. The investor missed out on a tremendous gain in a vain attempt to save 50 cents per share.
One thing I don't like is that they have taken on more debt to fund this contactless system. Balance sheet is starting to look a little more unhealthy. Not saying that it is unhealthy, just saying it looks a little more unhealthy than say 2 years ago.
Really not liking that their debt equity has increased to around 42%.
Plus EPS is actually a lot lower compared to Dec 2009. We all know why it was low in comparison to Dec 2010 (****ing ACCC) but even underlying profit in Dec 2010 was low. So increase of 11% underlying profit for Dec 2011 isn't saying much.
I mean still not bad overall, still on track to around 16% ROE (which has also declined). Just voicing my concerns is all.
Just checked on these for the first time in many months. Good to see they are up near a 2 year high
Not anymore. Down 10% today. Is this because of Fels' inquiry? Legislative risk hits again...
Not only that but also because the RBA announcment:
http://www.rba.gov.au/payments-syst...-var-surcharging-stnds-fin-ref-ris/index.html
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