Bargains Galore

[frugal.rock]

NCZ may be a consideration?
Between Deutsch Bank group, Credit Suisse, and Macquarie Group, they own around 32% of NCZ.
Credit Suisse last increased their holding 27 march.
Follow the money?

F.Rock

Who's the Muppet leaving sell orders on overnight below $0.11 ?
My bad.
0.091 order already cancelled, but won't disapear until the morning...

 

[aus_trader]

Yes I agree with BWP but they have to drop back below $3
Look at industrial Reits with low debt

If Bunnings does close, even while keeping the back door open for tradies, I think the recent lows below $3 will be breached to the downside.

 

[Vesper]

If Bunnings does close, even while keeping the back door open for tradies, I think the recent lows below $3 will be breached to the downside.

I think that is more an issue for Bunnings(Wesfarmers) than BWP given that I don’t think they are any risk of becoming insolvent and not paying rents.

However, I don’t like BWP as so much of their earnings in recent years has been marking to market increases of their property value (60% for the last HY). I don’t think this is sustainable in general and particularly now.

 

[Dona Ferentes]

Yes I like their fighting spirit in these hard times...

Bunnings now, in anticipation, advertising 'Click n Collect'. In a big way.

because if we do hit Stage 4, they'll be closed

 

[matty77]

Worse case will be like NZ, trade will stay open but the retail side will possibly close...

I think somes states will make it through without any closure, VIC and NSW might not be so lucky..

 

[aus_trader]

At this stage, My local Bunnings warehouse is doing a customer click count as you enter and they direct you in from one side only and ask you to exit through the other side only at the retail outlet. Could be to limit the number of customers to prevent crowding I guess.

 

[frugal.rock]

Bluescope Steel. BSL.
With our dollar going to rack and ruin for reasons unknown to myself, I can see that Bluescope may be a slow winner out of the sitch.

Shame I didn't buy any in mid March....
Any current bargains ?

 

[Dona Ferentes]

there were, as the thread states, Bargains Galore, back then. 20th Feb, 7162 ....to a month later, 20 March plumbed 4546. The fall was dramatic, and sustained. Hindsight is easy to pick that, because it was so fast, a rebound was inevitable. Bargains to the brave, though the fear of a W curve was a distinct possibility. But I'm not so sure things are that cheap now.

ASX200 over the last 12 months

 

[aus_trader]

there were, as the thread states, Bargains Galore, back then. 20th Feb, 7162 ....to a month later, 20 March plumbed 4546. The fall was dramatic, and sustained. Hindsight is easy to pick that, because it was so fast, a rebound was inevitable. Bargains to the brave, though the fear of a W curve was a distinct possibility. But I'm not so sure things are that cheap now.

ASX200 over the last 12 months

View attachment 113129

In hindsight it's all dreamy and rosy. But I distinctly remember buying very cautiously in April/May period thinking the market could easily turn back down.

 

[Dona Ferentes]

Stall speed was never too far away. I did similar, but mainly concentrated on the discounted rights and SPPs on offer as they can be short dated put options for retail (never waste a crisis)

 

[aus_trader]

but mainly concentrated on the discounted rights and SPPs on offer as they can be short dated put options for retail (never waste a crisis)

Err... wouldn't they be like call options ?

 

[Dona Ferentes]

Err... wouldn't they be like call options ?

Call .. err yup.