Australian (ASX) Stock Market Forum

Good ASX-listed stocks to buy

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I am still holding about 60 positions, many old dogs that hardly get up - except for ZEN just recently.
But what is interesting is that I have about 10 bank hybrids which, on the charts look like amazing buys, for years I have been getting around 8% with franking credits.
 
freebird54 said:
what is interesting is that I have about 10 bank hybrids which, on the charts look like amazing buys, for years I have been getting around 8% with franking credits.
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The Hybrid ETF - HBRD is down about 8-9% so not at GFC selldown levels just yet.
 
matty77 said:
Any company that is involved in the funeral industry might be a short term winner over the next 12 months although nobody will be allowed to go to the funerals anyway so they will probably also lose money ironically.

I still think we have a long way to go down, retail will absolutely die over the next few months as people are forced to stay home. I guess the supermarkets will do well until we are over this then they will have a bad few months as people eat all the food they are hoarding.

Interesting times...
Click to expand...
I'd be careful about IVC and other funeral mobs.

Much of their profit is from the grieving about a loved one's death, persuading people to have more expensive coffins, flowers, pall bearers, expensive hearses, selling funeral paraphernalia, online appreciation pages and all the bells and whistles that go with it. I'm not saying btw that this is wrong. I'll enjoy someone else's wake as much as the next person.

In Italy's case during the coronavirus mass deaths they are doing cremations, quickly and with no family from my reading of it.

If you have ever been to an Italian funeral you will understand the difference in margins under this scenario.

gg
 
aus_trader said:
BBN ?
Click to expand...
Place BBN on watch list for a purchase in 8 months time?

Right now the Coles and Woolies of the world are trading gangbusters, but I see these more as "park your money" stock. It's going to take a while for people to eat through their rice reserves and wipe out their toilet rolls before supermarket shopping returns to rationality.

My preference in the consumer marketplace would be DMP (Domino's Pizza) which has a sustainable dividend and a good chance at upside, having also improved it's "value" via share buybacks.

Otherwise, which companies are major suppliers to hospitals? These will be doing well for weeks or months to come.
 
rederob said:
Place BBN on watch list for a purchase in 8 months time?

Right now the Coles and Woolies of the world are trading gangbusters, but I see these more as "park your money" stock. It's going to take a while for people to eat through their rice reserves and wipe out their toilet rolls before supermarket shopping returns to rationality.

My preference in the consumer marketplace would be DMP (Domino's Pizza) which has a sustainable dividend and a good chance at upside, having also improved it's "value" via share buybacks.

Otherwise, which companies are major suppliers to hospitals? These will be doing well for weeks or months to come.
Click to expand...

I get the volatility in Coles at the moment, I get all the panic buying will be good for Coles…in the short term. Once the panic subsides and the average customer is seeing a real impact to their budget, surely that impacts Coles. I don't get why (the list is long) price has held up.


Anecdotally, there is A LOT of room to cut spending if required on the grocery bill. If this does play out anything like Europe the average spend at Coles is about to take hit.
 
As well as LNK I have been looking at Adairs (ADH) today for therapeutic nibbles.
ADH has had two directors making three decent buys on market over the last week at average prices from $1.67 - 1.70.
Intraday low today has been $1.11
Also Pendal Funds Services announced a raise in its substantial holding 10/03/20 from 5.3% - 6.5%
ADH goes ex dividend on April 1 for a 7c ff div
Why I cant push the button so far is that ADH is down 7% when the rest of the market is up and it doesn't satisfy my chart instincts right now.
Need to buy a little something or other
 
PDL real cheap, yeah.What else?BEN directors buying this week,too, around the $6 mark.I missed Select Harvests this morning.I'll leave the order on for now but I think I can kiss it goodbye.Try to pick the bottom and you see what happens? ... dissappointment....Amcor still at 10 bucks....mmmm.. I'll be a d**k and call the bottom of the market...today.
 
so far Coles (blue) and Woolies (red on the 6 month graph, below) have done really well versus the XJO

But is this defensive or just consumption brought forward?

upload_2020-3-17_13-44-8.png
 
Some might be interested in Tyro, Z1P and afterpay. In fact, most of the BNPL space. Been hit harder and faster than bank's, wondering if they will climb faster than bank's when the time is right. Cheaper money lending for them, yet most have set fees which may offset some or all of reduced? spending.
I see more people supermarket shopping than ever! It's almost like Christmas how busy it is...
API and SIG will be interesting.
Vitamin C all gone as well as echinacea products. Can't see retail pharmaceutical doing to badly, in fact, I would expect the reverse.
Will get the missus to give me some stats from the Priceline (ASX:API) pharmacy she works at... after 2 weeks isolation.
COH cochlear also. Ops starting again in China.

SWF should bounce back with the massive trading volumes occuring.
Probably on news announcements though.
Cheers.

F.Rock
 
Thought bubble.... JIN

People aren't going out, and, well, gotta get a fix somewhere
[She] runs a news stand in the famous pedestrian mall and normally has a constant flow of corporate types.

"I can't close as a I need to pay my rent but even if I can pay that, I may have no money left for me," she only said...If I worked in an office where I could still be paid while working from home."
Click to expand...
She said the only thing keeping her business afloat now were lotto ticket sales
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^^^^
Tabcorp Hldgs?
(TAH) @ $2.50
No chart encouragement, but down at GFC level @ around $2.50 right now, down ~6% today. Yield 8.8% ff at today's price if div maintained.
Price at 0.75 x book value at yesterday's close (fy19 bv=3.57)
 
finicky said:
^^^^
Tabcorp Hldgs?
(TAH) @ $2.50
No chart encouragement, but down at GFC level @ around $2.50 right now, down ~6% today. Yield 8.8% ff at today's price if div maintained.
Price at 0.75 x book value at yesterday's close (fy19 bv=3.57)
Click to expand...

My problem with TAH is that in the good times it just didn't do that well anyway..SP has spent a lot of time going sideways.
 
@So_Cynical
I'd have to agree. Sales per share stagnant.
It has quite high debt ($3.5B) and (I'm guessing) high intangibles that make for negative net tangible assets. Yet for the past two financial years it could only achieve ROE of 2.9% and 5.5%. Doesn't seem attractive in this environment.
 
Sitting around in a semi "self-isolated" situation, the excitement of the markets and thrill of the chase can only last so much.

Now that I know the world is coming to an end, we've decided to fill in the time productively. (The only way to kill time is to work it to death). It's a shame that Dulux is no longer listed on the ASX, because some of those jobs around the house, projects that seemed daunting before, have now assumed a place on a purposeful and attainable wish-list THAT WILL GET DONE.

Bunnings (WES), expect a steady flow of home handi-folk.

and Ali Farka Toure on high rotation.
 

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