Companies like CCV and TGA

[Pioupiou]

It is weird that on Friday both TGA and CCV had large trades going through after 4:00PM. In a way these two stocks are similar – they can be classified as “poverty stocks”, which perform well in all phases of the economy, especially during downturns.

TGA typically has a turnover of $750K, perhaps lower, but on Friday, 16/11/2011, it was over $7 million, with the post 4:00PM trades being at $1.79. I suspect that on the selling side the underwriter of the recent capital raising could have been involved, and on the buying side it would be one or more investors who know a bargain when they see one. If the underwriter is now out of TGA, the SP should do better. The Interim Half-year Report for the six months to 30/9/2011 is slated to be published in the second half of November.

Although I like CCP, I did not have the loose cash to invest in it, so I have not followed it closely. Anyhow, on Friday after 4:00PM, about $3 million was traded – $3,033,448 to be exact. CCP has a market capitalisation of about $215 million.

 

[LifeChoices]

It is weird that on Friday both TGA and CCV had large trades going through after 4:00PM. In a way these two stocks are similar – they can be classified as “poverty stocks”, which perform well in all phases of the economy, especially during downturns.

TGA typically has a turnover of $750K, perhaps lower, but on Friday, 16/11/2011, it was over $7 million, with the post 4:00PM trades being at $1.79. I suspect that on the selling side the underwriter of the recent capital raising could have been involved, and on the buying side it would be one or more investors who know a bargain when they see one. If the underwriter is now out of TGA, the SP should do better. The Interim Half-year Report for the six months to 30/9/2011 is slated to be published in the second half of November.

Although I like CCP, I did not have the loose cash to invest in it, so I have not followed it closely. Anyhow, on Friday after 4:00PM, about $3 million was traded – $3,033,448 to be exact. CCP has a market capitalisation of about $215 million.

CCP or CCV?

 

[skc]

It is weird that on Friday both TGA and CCV had large trades going through after 4:00PM. In a way these two stocks are similar – they can be classified as “poverty stocks”, which perform well in all phases of the economy, especially during downturns.

TGA typically has a turnover of $750K, perhaps lower, but on Friday, 16/11/2011, it was over $7 million, with the post 4:00PM trades being at $1.79. I suspect that on the selling side the underwriter of the recent capital raising could have been involved, and on the buying side it would be one or more investors who know a bargain when they see one. If the underwriter is now out of TGA, the SP should do better. The Interim Half-year Report for the six months to 30/9/2011 is slated to be published in the second half of November.

Although I like CCP, I did not have the loose cash to invest in it, so I have not followed it closely. Anyhow, on Friday after 4:00PM, about $3 million was traded – $3,033,448 to be exact. CCP has a market capitalisation of about $215 million.

There was a large re-balance of S&P 300 on Friday's close. Many of the additions were bought up and subtractions sold down.

 

[Pioupiou]

I must be getting old - I meant to refer to CCP, as I did later in the text.

I owned 51,000 CCV earlier, but only have 2,054 now - the remnant of an attempt to sell at 83.5 cents in May. The 48,946 that I sold delivered a $10K profit - very nice. Consequently, my typing finger tends to want to type CCV once I have hit CC.

I have a large holding of TGA - the buying of which has left me cash constrained, so for now I am not active in the market. If I were cashed up, I would investigate both CCP and CCV - perhaps FSA too.

 

[Pioupiou]

In my last post I wrote, "If I were cashed up, I would investigate both CCP and CCV - perhaps FSA too." I was thinking of adding SGH to this group, because it should also do well even if the economy tanks, which is why I hold SGH. Anyhow, there was a good wrap for SGH in today's The Bull newsletter - see:

http://www.thebull.com.au/articles/a/22878-5-sold-off-small-caps-going-cheap.html

 

[astro77]

As it turned out I only ever invested 25% of the proceeds of sale of my phone system business in the stock market. I initially wanted to invest all of it, as I was sure I knew enough to not loose it all. Thankfully I didn't find any other companies apart from CCV and TGA. Still with CCV showing a paper loss of about 45% for me, it has taught me a few valuable lessons.

I still intend to hold CCV for the long term because I think they will wear the damage of any changes to the legislation.

Still it would have been better to leave the money in the bank at least for the short term.

 

[Chasero]

There's a really good analysis on CCV on:

http://austocks.wordpress.com/2011/09/19/cash-converters-ccv/

Recommended with buy @ 0.45.

With the market pricing in risk, especially with the new legislation, I think a lot of people are holding out on this stock.

Though it is on my watch list.

 

[finicky]

Anyone like the chart appearance of this one? Bowl consolidation over 2 years, had a bit of a pullback,and now a break above 2.25 rim with high volume last two days.

My attempts to upload a chart thwarted

 

[WRiley]

Hi everyone

I recently sold a small business I started a few years ago and have been looking for a good place to invest the proceeds. I am looking to spread the money across 4 stocks.

So far I have invested 25% of the money in TGA which I bought at 2.02 and 25% in CCV which I bought for 0.78. I am still looking for another 2.

I have a very strict investment criteria:

* Simple business
* Not technology related
* Nothing to do with mining
* A brand name that I have heard of
* History of solid earnings and steady earnings growth
* Dividend payment steady or increasing (more than 4% is preferable but not essential)
* Good assets on the books
* Prefer small cap but not essential
* Excellent management
* low debt/equity prefer less than 20%

The current share price doesn't worry me. I can wait for the market to do something silly and buy when I feel they are going for a good price.

If anyone has a similar investment strategy and can point me in the direction of some stocks that meet these criteria I would greatly appreciate it. It's a sea of mining stocks out there and while they might be making some people a lot of money, they are not the type of businesses I am interested in investing in.

Any recommendations will be appreciated, of course I will do my own analysis of the stocks, just looking for a general point in the right direction.

Simon

Looking at CCV too,... but : Dividend payment steady or increasing (more than 4% is preferable but not essential),

...sounds a bit too low for me. Yes, the counter must be safe too, dividend stable, and with other qualities, still I would think higher payout counters will also carry such above qualities.