CGF - Challenger Limited

[tmallie]

Hi All,

I have been in CGF for a little while now and they have been steady around 55 and 56 cents but today its up to 59c.......there has been no announcements........anyone knows whats going on??? Is this the start of a good thing???

CGF had a big jump last month from 45c to 55c I am keeping my eye on them

 

[tech/a]

Re: CGF.....Is this the start????

CGF appeared on one of my scans when you saw it.
It historically a low volatility stock,pretty conservative
in price movement.
60c is a new recient high and I feel any trading beyond
61c is certaintly a sign of strength.
Could just as easily fall back into its 3 yr range though.
A return to around 55c I would also see as a normal retracement.
Trading below 52C would be seen as week and a stop level for me.

tech

 

[tmallie]

Re: CGF.....Is this the start????

I have just bought some more at 58c...............I am going for the long haul with them...........fingers crossed

TM

 

[tmallie]

Re: CGF.....Is this the start????

They're up to 61c again, I do hope this a sign of strength and good things to come.

TM

 

[tmallie]

Re: CGF.....Is this the start????

CGF are talking about consolidating 1:5....does anyone think that this is a good idea???? They have also sold some big property in US and UK. The share price seems to be going up steadily. Anyone else got their eye on them, I surely am.


TM

 

[tmallie]

Re: CGF.....Is this the start????

CGF went up 20c in the last 2 days. Any comments???

 

[Julia]

CGF - Challenger Financial Services Group

I've been looking at this for a while now. Stayed flat for many months.
At present, the fundamentals are looking good for buying in. As everyone knows, I don't have any technical know-how, but looking at a chart from the ASX website, my impression is that it shows the sort of pattern which would make buying attractive? I might be way offbeam on this. Would much appreciate any informed comments.

With thanks

Julia

 

[tech/a]

Re: CGS Challenger Financial Services Group

Nice.

 

[kerosam]

Re: CGS Challenger Financial Services Group

babcock and brown was apparently to be the next macquarie bank.... do any of you think CFS has got that potential to be in that league... though MBL is in a league of their own.... CFS seems to be on the same course as MBL buying income producing assets and sellin products.

 

[Yippyio]

Re: CGS Challenger Financial Services Group

BNB has been going very strongly and CGS has performed alot better since Packer got a seat on the board.

BNB the new MBL ???, the sp is certainly reacting that way. I have done very well from MBL, in the past but it is now getting to expensive to trade the multiples i.e. $ 20 970 on a margin ratio of 70% to buy 1000 shares.

CGS & BNB could be cheaper alternatives, to MBL as strong investment bank growth stocks with good dividend payout ratios.

 

[kerosam]

Re: CGS Challenger Financial Services Group

asked a friend who works in MBL and know allan moss personally to get an autograph from moss.... hope he delivers.

are there any broker recommendations for CFS? I was looking at it few months ago and thought nah, better value elsewhere. might keep an eye on them again.

bnb, bugga... wanted to get them when there were at about $12 but thought it'll retrace to the $10-ish line. if these major insituation continues their spending spree buying other companies/assets etc, it will just be a matter of time where every sector has a major insituation backing.

anyway, would be buy CFS or should you buy their products?

 

[Julia]

Re: CGS Challenger Financial Services Group

I hope I haven't caused some confusion about this thread. I've just noticed in the title that the code is printed as "CGS" It should be CGF. I must have mistyped it. Many apologies if I stuffed anyone up. However, from reading the responses It looks as though everyone has applied their thoughts to Challenger Financial Services Group, "CGF".

Will it be another MBL? That's what I'm hoping of course. However, at this early stage such an expectation seems to be a bit unrealistic. I do think it's worth having a piece of at this stage.

Julia

 

[Joe Blow]

Re: CGS Challenger Financial Services Group

I hope I haven't caused some confusion about this thread. I've just noticed in the title that the code is printed as "CGS" It should be CGF.

Fixed.

 

[Julia]

Re: CGS Challenger Financial Services Group

asked a friend who works in MBL and know allan moss personally to get an autograph from moss.... hope he delivers.

are there any broker recommendations for CFS? I was looking at it few months ago and thought nah, better value elsewhere. might keep an eye on them again.

bnb, bugga... wanted to get them when there were at about $12 but thought it'll retrace to the $10-ish line. if these major insituation continues their spending spree buying other companies/assets etc, it will just be a matter of time where every sector has a major insituation backing.

anyway, would be buy CFS or should you buy their products?

Kerosam,

I would buy the parent company rather than their products. The purpose of the holding company is to reap the profits from down the line. Similarly, I'd hold Macquarie Bank rather than any of their subsidiary funds - all of those profits eventually find their way back to MBL.

Re Babcock and Brown: I've had a disappointing buy into B&B Capital which is still languishing nearly 10% below what I paid. My expectation was that it would do as well as the original B&B which it certainly hasn't so far. Would be silly to sell at this stage. The expectation (hope?) is that once they get some major projects under way the SP should start to move.

I also hold B&B Infrastructure (used to be Prime Infrastructure) which did poorly for a long time, but recently has moved up well, and in addition, pays a very healthy dividend.

Julia

 

[kerosam]

Re: CGF - Challenger Financial Services Group

any tech analysis out there to see it is still good to purchase MBL? i don't hold or intend to buy them. i already thought the bank shares are a bit expensive atm.

will keep a look out on CFS.

 

[Joe Blow]

Re: CGF - Challenger Financial Services Group

any tech analysis out there to see it is still good to purchase MBL?

Kerosam, we should probably keep all discussion of Macquarie Bank to the current MBL thread, just to keep things nice and organised.

 

[kerosam]

Re: CGF - Challenger Financial Services Group

sorry joe. will do that.

 

[Yippyio]

Re: CGF - Challenger Financial Services Group

A pretty lack lustre performance by CGF, over the last two days of trade, considering the strong sentiment towards investment banks, specifically MBL & BNB (riding the coat tails)

 

[BraceFace]

Re: CGF - Challenger Financial Services Group

CGF was a popular pick late last year and earlier this year as one of the "stocks to watch" in 2006.
So far, it has been underwhelming, to say the least.
After hovering around the $4.00 for most of the year, CGF has now dropped down to the $3.60's and is definitely trending downward.
Is this because of management changes perhaps?

I'd be interested to hear some opinions on this one if anybody is holding or watching it.
My broker is telling me to get the hell out!! (I think he might be right!)

 

[Julia]

Re: CGF - Challenger Financial Services Group

CGF was a popular pick late last year and earlier this year as one of the "stocks to watch" in 2006.
So far, it has been underwhelming, to say the least.
After hovering around the $4.00 for most of the year, CGF has now dropped down to the $3.60's and is definitely trending downward.
Is this because of management changes perhaps?

I'd be interested to hear some opinions on this one if anybody is holding or watching it.
My broker is telling me to get the hell out!! (I think he might be right!)

Braceface:

I'm also holding CGF and have been similarly underwhelmed in its performance.
It doesn't even have the compensation of a good yield.

Could some technical person be kind enough to offer an opinion on this one?

With thanks

Julia