Australian (ASX) Stock Market Forum

GTP - Great Southern Plantations

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bunyip said:
Hi Richkid


My mates and I were keen pig hunters when we were in our teens .....................
Perhaps technical analysis seems to be at odds with fundamentals analysis, but its not really. Technical analysis starts with trend identification - this is in effect a form of fundamental analysis, since trends are caused primarily by fundamentals.

Cheers
Bunyip
Click to expand...

Great analogy Bunyip, I agree (always more game near the waterholes too! especially during droughts), TA ppl and fundamentals ppl feed off each other and often do the same thing for different reasons. I didn't see your post in time but I think we share the same view- but you appear to be implementing it a lot better than I am atm!! Good to hear!
 
Just a quick comment on sector analysis.

The Platinum Japan fund seemed to do extremely well even when the Nikkei was flat for years.

I think they concentrated on the medical-pharmaceutical sector that was both consolidating and booming due to all the grey Japanese.

(Perhaps a few turned grey before their time waiting for the rest of the Nikkei ?)

I notice that some of their Japan related funds have started to move again recently with the general Nikkei moving forward.

Does anyone invest in overseas shares directly, or do you think a fund is better for diversity from ASX shares ?

I'm thinking about living in Asia for a while but am not confident with their stock market setups and transparencies.
 
Great Southern Plantations

Nice to see CBA buying another percentage of GTP.

I wonder if the guy/gal behind the CBA desk is a fundamentalist or a Trend Analyst ? :eek:)

Just as long as they know what they're doing.

I'd say if they are in buying mode it probably means they intend holding onto their 11% for a while.
 
QUOTE:
Nice to see CBA buying another percentage of GTP.
I wonder if the guy/gal behind the CBA desk is a fundamentalist or a Trend Analyst ? )
Just as long as they know what they're doing.

....................................................................................................

Probably fundamentalist mainly, although maybe a bit of both eh Abucs?

They appear to recognise that 'the trend is their friend' anyway, so that's a good start!

Where did you learn that CBA are buying?

Bunyip
 
Yeah, i do work in a CBA/Colonial financial services related area (their computer section) but i don't get any inside info.

I read the announcement Savtin referred to.
 
So how does anyone get access to these ASX announcements? Do you go to the ASX website or is there another way?

Bunyip
 
You can also register with ASIC for their company alerts emails.

Register the companies in which you are interested and every time there is an announcement from that company you will receive an email from ASIC.
I had an email re this one today.

Julia
 
CBA just picked up a few million shares to increase their substantial holding in GTP.
 
They're now at 11%. which is good news. They are still buying with the SP over $4 which confirms our belief that the company is still cheap. Maybe they'll take them over in the future with their vast land assets???

regards
savtin

go gtp
 
Question for the TA's.

With GTP going on it's recent run, would you have a stop loss on a current trade of this trend ?

Would you say $3.90 or so and move this up at the stock rises ?

Where would your stop loss be, and why would you pick that number ?

Regards,
Abucs.
 
Another large order after the bell that mops up excess selling and then dissappears again.

Anyone have thoughts on this ?

I think the buy bid was for about 276K shares at 4.05 = over $ 1 million

Other than that it looked like more sellers than buyers.
 
A longer term trend following approach would be to trail a stop below the troughs on a weekly chart. The most recent trough on the weekly was the low at $3.61
A stop 2% under that low would mean the stop would be sitting at $3.54
That might sound like a fair way away for a stop, but a properly placed trailing stop tends to give the trade plenty of room in the early stages, then moves closer to the price action as the trend gradually runs out of steam. If the trend runs out of steam very suddenly by plunging into a new downtrend without first forming a flat topping pattern, then a trailing stop based on a weekly chart leaves plenty of profit on the table.
Like everything else, trailing stops work great sometimes, not so great other times, but overall they do a pretty fair job as a tool for helping you to stay in trends and progressively lock in profit.

Julia....thanks for the info about ASIC

Bunyip
 
Hi all GTP holders,

announcement out regardng the upcoming US global roadshow...apparently GTP is conducting a roadshow in the States as of tomorrow i think....so it should be interesting times ahead.......buckle up. hopefully they like our business model and purchase some (lots of) stock.

then we'll all take a ride up towards the $5.00 mark......soon very soon
 
Hi GTP holders,

GTP was travelling well (hit $4.20 yesterday) until todays article in the AFR regarding the 12 month pre-payment rule and the tax laws for MIS schemes.

The committee is to review next tuesday (11.4.06) .....gees i hope they don't do anything stupid and hinder the agribusiness sector by changing the tax laws.....keep it as it is and extend the sunset clause to 2020................

what do other GTP holders think...................i am confident in the company but if there is any negative outcome to the tax laws the sector may be hit with negative sentiment and down she'll go............the forestry minister is super keen on keeping the status quo so let's hope he can bat well for all of us...

any other thoughts????????????

cheers
savtin


--------------------

Cheers Savtin,
 
savtin said:
Hi GTP holders,

GTP was travelling well (hit $4.20 yesterday) until todays article in the AFR regarding the 12 month pre-payment rule and the tax laws for MIS schemes.

The committee is to review next tuesday (11.4.06) .....gees i hope they don't do anything stupid and hinder the agribusiness sector by changing the tax laws.....keep it as it is and extend the sunset clause to 2020................

what do other GTP holders think...................i am confident in the company but if there is any negative outcome to the tax laws the sector may be hit with negative sentiment and down she'll go............the forestry minister is super keen on keeping the status quo so let's hope he can bat well for all of us...

any other thoughts????????????

cheers
savtin


--------------------

Cheers Savtin,
Click to expand...

Thanks for the info Stavin, was wondering why the drop today

hopefully its not negative, as at 11.4.06

thx

MS
 
Thanks Savtin. 2020 extension sounds good to me too. :)

I think good or bad news next Tuesday could lead the sentiment either way coming to the end of FY.

The Forestry Minister has only said positive things towards the industry thus far, which is re-assuring.

As mentioned previously, with GTP's land rotation due to step up in 2009 the sunset clause was more an issue for gtp's competitors.

Although i notice in the latest roadshow the expected land rotation numbers have been revised down. Not sure exactly why, perhaps a question to put directly to gtp ?
 

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