Bargains Galore

[MovingAverage]

only a few packets and 10% of my super back in share, rest in cash and bonds ...after being burnt by ilb

so ive been thinking about this "being in cash" thing. i'll admit it is a nice feeling AT THE MOMENT, but when we get through to "the other side of this" and inflation kicks in our cash won't be worth the paper (or polymer) it is written on.

 

[mcgrath111]

Nice job moXJO.
Also:
https://www.bloomberg.com/news/arti...tion-data-shows-china-is-getting-back-to-work
Satellite Pollution Data Shows China Is Getting Back to Work
Nitrogen dioxide concentrations are rising again after a sharp decline linked to coronavirus. ..Bloomberg: By Jonathan Tirone, March 3, 2020
...Nitrogen dioxide levels rose across China’s industrial heartland, according to the most recent Copernicus Atmosphere Monitoring Service data compiled by Windy.Com....
...The data confirms anecdotal reports that Chinese workers are slowly heading back to their jobs. The economy was probably running at 60% to 70% capacity last week, according to a Bloomberg Economics report, up from about 50% earlier in February. ...

I feel as though China gets wacked twice from Covid19. It started there, hence being shut down for several months. When they go to reopen the demand from the West has dropped off completely.

 

[qldfrog]

so ive been thinking about this "being in cash" thing. i'll admit it is a nice feeling AT THE MOMENT, but when we get through to "the other side of this" and inflation kicks in our cash won't be worth the paper (or polymer) it is written on.

Capital guaranteed inthe super was returning some %, not bad vs bonds probably TD..
my own cash is in Bond mostly, and I played a bit in Gold ETF and miners..
only so much you can do to protect yourself, also paid my private health cover ahead for a year..before the increase next month...
a few hundreds saved guys, a reminder for you to act now, or cancel the cover altogether....

 

[qldfrog]

Why are you loading up on banks? There's going to be a lot more pressure on them in the coming months.

sure, not loading on these 2 parcels usually 2 to 4k, if I can get a quick gain, I will sell
Look at the number of people here talking up vaccines and treatment, helped by the gov propaganda..probably needed..lift the spirit..., we could get a mini rally again before hard facts crash..I also bought back some BBOZ earlier today....

 

[moXJO]

I'm not saying turn bullish. Just that some potential market turning events are filtering through.

I want the market to go down more. It still looks pricey to me.

 

[jbocker]

Thanks for the summary, I admit it is pretty amazing just how quickly some of the global research groups are moving to tackle this virus....but it seems regrettable that the major media outlets in Oz are more concerned about running a 24/7 story on what products are running out at the supermarkets (which only serves to further fuel the idiotic behavior of panic buying) instead of some genuine news regarding progress being made by researchers to tackle this virus. At some point when all this crap is over I would really like to see the media being held accountable for their irresponsible behavior in prompting panic in the public.

Absolutely agree Maybe media can change focus and watch the Cure Caronaviro Olympics as nations race to win the Gold (Cold) Medal.
(apologies to legendary commentator Norman May) My view represented on this graphic is totally biased.

 

[MovingAverage]

Absolutely agree Maybe media can change focus and watch the Cure Caronaviro Olympics as nations race to win the Gold (Cold) Medal.
(apologies to legendary commentator Norman May) My view represented on this graphic is totally biased.

View attachment 101539

Now there's a sport I'm sure we'd all love to watch

 

[So_Cynical]

I would like to know too. I hear that Chinas infection rate has dropped, and I don't think it is because of lack of available unaffected people. So why has it dropped compared to Italy's numbers that have overtaken China. I would guess it is a superior management strategy.

China hard core lock down, built a hospital in 6 days with only like 10 dead...Italy ignored it for a few weeks and then only soft locked down a couple of towns.

In China they were welding the doors of buildings shut to keep people in unit blocks home.

 

[hja]

This one came up for me 2 days ago....
Alas the daily doesn't display.

 

[charlsie]

Like Metcash, have built new warehousing on new premises with state of the art equipment, but have now decided to sell and lease back due to current sitch.

F.Rock[/QUOTE]
Didn't SIG just do the same thing and when they announced it, sp went up 30% or so

 

[Dona Ferentes]

With all the panic buying going on, the supermarkets must be making a killing and putting up prices as well.

What I've noticed bis the aggressive price discounting has gone. No more 50% off at the end of the gondolas for the 'much loved' labels (that were in competition with the house brands and no frills lines). This isn't of benefit to the chains as much as the, usually, multinational corporations that pedal their marked up product lines.

What we're seeing is the 'revenge of the bastards' and the whole stupidity of RRP and other artificial constructs.

The gutting out of local companies (a few like Bega are the exception) has come back to bite us. Big Time.

 

[sptrawler]

I was talking to a friend today, who is very price conscious, he said the smaller supermarkets are 'jacking' their prices for meat and veg in the last few days.

 

[frugal.rock]

I noticed that 'prices aren't down' anymore. Noticed veg prices up.
I had bought some UHT milk from IGA before the rush and panic and was $1 per litre. A few days later it was $1.25... don't think you can get it now... the full cream emptied first, lite and skim was available, then it was only skim, not sure if skim available now. Still able to get fresh though, for how long is anyone's guess.
Pretty sad if the supermarket chains are taking advantage of the situation... but it wouldn't surprise me.
I suspect a lot of things have gone up in price, 5 to 25%.... half a regular cabbage was $5... vultures.
F.Rock

 

[frugal.rock]

Like Metcash, have built new warehousing on new premises with state of the art equipment, but have now decided to sell and lease back due to current sitch.

F.Rock

Didn't SIG just do the same thing and when they announced it, sp went up 30% or so[/QUOTE]

Was wondering why SIG jumped quite well, was considering a buy at 0.53, seeing as long term, this scenario would boost sales figures.
Didn't though as I am working on increasing my liquidity asap.
Cheers.

F.Rock

 

[Iggy_Pop]

After using the GFC for learning about corrections, was wondering what I should try and do in this correction. Plan is to use a bit of spare cash to do something with shares. I have been thinking of getting a parcel of shares based on airlines and tourism. Initial thoughts are -
Qantas,
Air New Zealand
Flight Centre
Apollo
Ardent Leisure

Thoughts are the airlines are likely to be bailed out by government and will recover. Flight Centre is big enough to survive and should go ok. Apollo and ardent leisure are possible bankruptcy but if they survive would be 5 - 10 baggers.
Stockland is another possibility but would be longer term as many shops will go broke.

Thinking is Flight Centre, Air New Zealand and Qantas, should be 2 - 3 baggers over one to two years and with Apollo and Ardent higher risk, I could pick up a reasonable outcome??. Interested with what others are thinking as there is some fantastic opportunities out there. Banks look good and already hold a lot of them but the airline/tourism shares will reward much more.

Iggy

 

[frugal.rock]

With online purchasing ever increasing,
I would be very wary of Stocklands, Westfield's etc.
Bricks and mortar shop's days are getting closer to being numbered.
Unless rent's drop, there going to have half vacant shopping centres IMO.

F.Rock

 

[UMike]

....

Thoughts are the airlines are likely to be bailed out by government and will recover. .....

Iggy

If this happens investors lose the lot. Read up ABC learning Centres.

 

[UMike]

With online purchasing ever increasing,
I would be very wary of Stocklands, Westfield's etc.
Bricks and mortar shop's days are getting closer to being numbered.
Unless rent's drop, there going to have half vacant shopping centres IMO.

F.Rock

I own a restaurant in a shopping centre. Very few will survive this.
I believe peoples habit will forever change after this.

 

[frugal.rock]

I own a restaurant in a shopping centre. Very few will survive this.
I believe peoples habit will forever change after this.

Have the management come to you with any offers of rental reductions?
You may want to consider people power and talk with other shop owners and do the reverse squeeze on the centre owners, turn the tables on them, gang up....or they are going to have a bunch of empty space...
Saw a young lady on the news, she had poured her heart and soul and finances into getting her shop established, then this.
They wrapped it before she was obviously about to burst into tears.
It break's your heart.
F.Rock

 

[UMike]

Have the management come to you with any offers of rental reductions?
You may want to consider people power and talk with other shop owners and do the reverse squeeze on the centre owners, turn the tables on them, gang up....or they are going to have a bunch of empty space...
F.Rock

Ahaaaahaa Ahaaa haaa haaaaar.

Seriously........ The world has gone all hysterical and Mad at the moment. Although My accountant has told me to start negotiating.
Looked over the lease and the Centres Lawyers have everything covered.

There is a time and a place for everything so I'll wait till the full extent of the damage is clearer.
Already a few have walked away. Many more will and I assume it strengthen my position.

The more this goes the more I learn people are only thinking about themselves and are short sighted. There will be no "People Power" here. Yes I tried.