CGF - Challenger Limited

[chrisalex]

Re: CGF - Challenger Financial Services Group

This may be a little encouragement. My Father-in-Law has held CGF for as least 12 years, probably longer, even in tough times they have still paid dividends and been very consistent. For security, you could do a lot worse. I'm a bit of a gambler, prefer the volatility of Materials. Chrisalex

 

[DB008]

Got in on this one recently.

Only doing this one as a short-term trade, not a long term super holding, my opinion only.

Up ~8% since l purchased around 1 month ago.

 

[Garpal Gumnut]

Got in on this one recently.

Only doing this one as a short-term trade, not a long term super holding, my opinion only.

Up ~8% since l purchased around 1 month ago.

If it goes over $4.00 I would enter,

It is still in a downtrend but showing support. It could go to crap, but if it goes above $4.00 I would be more hopeful.

A monthly chart over 5 years.

gg

 

[DB008]

If it goes over $4.00 I would enter,

It is still in a downtrend but showing support. It could go to crap, but if it goes above $4.00 I would be more hopeful.

gg

How did you go GG?

Up over $4.20 with a high of $4.25 the other day. Glad I got in around the $3.25 mark. My mentor snatched a few million in the $2.99 area.

 

[Garpal Gumnut]

How did you go GG?

Up over $4.20 with a high of $4.25 the other day. Glad I got in around the $3.25 mark. My mentor snatched a few million in the $2.99 area.

I missed it mate.

gg

 

[piggybank]

 

[AussieAustrian]

CGF - Challenger Bank

His is the website about Brian Benari (CEO) that Challenger Bank tried to take down
http://www.challenger-info.com/

Do your own due diligence

 

[AussieAustrian]

Today's Australian article on Brian Benari allegations of dishonesty.

Perhaps this .......
http://www.theaustralian.com.au/bus...p-butler-website/story-fn91v9q3-1227018472633

http://commbankdiaries.com.au/2014/08/challenger-decision-references-cba-scandal/

https://www.youtube.com/watch?v=GiALPDN7qsA

explains this .......
http://www.theaustralian.com.au/bus...ends-share-sales/story-fn91v9q3-1226871377724

 

[qldfrog]

Re: CGF - Challenger Bank

Joe can this be moved to the CGF proper thread:CGF - Challenger Limited ?
Many thanks

 

[notting]

No supply.
But I am looking forward to giving it some, when the delusion is realized.

 

[peter2]

It seems that I'm following you around notting and I might buy what you're selling. If others do it first.

 

[luvbhatnagar]

Anyone knows whats causing the volatility with this one over the last few days?

 

[skyQuake]

Anyone knows whats causing the volatility with this one over the last few days?

Today cut to neutral from outperform by Macq, PT raised 13% to $9.03

Presented to UBS aus conference earlier this week

Added to MSCI Small cap (30th Nov)

 

[luvbhatnagar]

Anyone know whats happening with Challenger? Horrendous start to 2016 (almost 7% down today alone!) - the company fundamentals still seem sound. My guess is this in part a correction for the run over 2015 but still mental ...

 

[Tightwad]

getting lumped in with banks maybe, anz and cba down. wouldnt read much into it

 

[skc]

Anyone know whats happening with Challenger? Horrendous start to 2016 (almost 7% down today alone!) - the company fundamentals still seem sound. My guess is this in part a correction for the run over 2015 but still mental ...

getting lumped in with banks maybe, anz and cba down. wouldnt read much into it

Downgrade by JP Morgan today. See a few post back how a Macquarie downgrade jolted it for a short period. The overall market weakness doesn't help, obviously.

 

[peter2]

I sincerely hope that the Aussie market is not going to take notice of broker re-ratings like the US markets.

CGF was good to me last year and I was waiting for its next buy signal. The CGF chart was showing a nice symmetrical abc correction right into the ambush buy zone (50-61.8% pullback level) and I was getting itchy fingers to buy some. Today's unusual price action will make me wait now for a HL to form.

 

[luvbhatnagar]

Great thanks. Don't have access to the JP Morgan report - out of interest what was the rationale? Would have thought if anything there is upside given the results of the FS inquiry (which wasn't that long ago!) and they definitely dominate the annuity market in Australia. Outside of the recent market fluctuations + some potential correction for the run over 2015 wondering what the drivers are ...

 

[luvbhatnagar]

And the selling continues ... hmm will be interesting to see what comes out when they provide an earnings update in Feb.

 

[skc]

This stock has been volatile of late... I guess much of it was due to the massive volatility of the underlying instruments invested by CGF?

Now, my understanding of annuity is that, the investor pay a lump sum of money, CGF guarantees a certain return over a fixed period (or for lifetime products, over the life expectancy). Obviously money doesn't grow on trees, so CGF needs to invest the money in various asset classes. And if there's a shortfall in the investment returns vs the guaranteed return, CGF will need to make up the difference.

It smells like there is a big fat tail risk in this. Is anyone here willing to share what is a potential Armageddon scenario for CGF? Is the Government right in pushing retirees into annuity products, when the guarantee return is actually only guaranteed to the extent of CGF's credit worthiness?