Have read the Mortgage Choice prospectus and think its a goer. However prospectus says you have to be either morgage choice franchisee/employee or stock broker sponsored to get stock in the float. Any ideas as to where I can go to get an allocation in the float?
MOC - Mortgage Choice
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RichKid
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Re: Mortgage Choice Float
The prospectus normally has a tel no for queries- Try calling some of the phone numbers in the prospectus- they should have a suggestion if anyone does.
Hope this helps.
The prospectus normally has a tel no for queries- Try calling some of the phone numbers in the prospectus- they should have a suggestion if anyone does.
Hope this helps.
RichKid
PlanYourTrade > TradeYourPlan
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Re: Mortgage Choice Float
Oops! forget to mention: have you tried floattank.com.au I found it useful for reviews but they only review a few floats and I don't think it's as good as it could be but they would have something on mortgage choice. Good luck with it.
Oops! forget to mention: have you tried floattank.com.au I found it useful for reviews but they only review a few floats and I don't think it's as good as it could be but they would have something on mortgage choice. Good luck with it.
Mortgage Choice
Mortgage Choice - Go you good thing! Everyone who piled out when the ANZ and CBA cut commissions a while back, sending the price down to $0.90, will be a bit upset now. It's $1.55!
MOC is getting stronger all the time as a business, there seems to be no shortage of banks cusing it to access new loan customers and while the housing boom has moderated, it can still be considered fairly healthy. There has been no crash, and first homebuyers are coming back into the housing market. MOC needs to pick up its act on franchise growth and diversify its product offerings quicker, though. The dispute over commission structures (concerning those franchisees who own multiple franchises) needs resolution.
I am not qualified to offer financial advice. You should seek recommendations through someone who is.
Mortgage Choice - Go you good thing! Everyone who piled out when the ANZ and CBA cut commissions a while back, sending the price down to $0.90, will be a bit upset now. It's $1.55!
MOC is getting stronger all the time as a business, there seems to be no shortage of banks cusing it to access new loan customers and while the housing boom has moderated, it can still be considered fairly healthy. There has been no crash, and first homebuyers are coming back into the housing market. MOC needs to pick up its act on franchise growth and diversify its product offerings quicker, though. The dispute over commission structures (concerning those franchisees who own multiple franchises) needs resolution.
I am not qualified to offer financial advice. You should seek recommendations through someone who is.
michael_selway
Coal & Phosphate, thats it!
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Re: Mortgage Choice
wow this seems to be a nice growth stock atm, low PE and good div!
waytogo said:
wow this seems to be a nice growth stock atm, low PE and good div!
Re: Mortgage Choice Float
This is one stock that was going to be a good one from the start! At the float price ($1.05) it was offering a 9% fully franked div. It gets a trailing commission from any loans it writes therefore if you read the annual reports you can work out at least 55-60% of their earnings for the next 15-20 years - then you have on top of that any organic growth both from writing new loans or selling new franchises. It has no major machinery or anything to constantly update as the whole business is really worked around a computer spreadsheet that calculates the best loan for you on a laptop provided by the franchisee.
Currently the commission earned from previously written loans covers all expenses so anything new falls straight to the bottom line (and then onto shareholders!!). It is well positioned if there is any consolidation in the industry and with the new regulation that is coming out it is becoming harder to set up in competition. And as previously mentioned it still has a fairly high yield and low PE.
I'm normally a trader but to me this stock is a bit of a warren buffett type hold (great co., great management which has a lot of equity in the business, product that doesn't go out of date or require constant reinvestment of profits, good return, low PE etc etc).
Did I say I love this stock!!!
Malachii
WARNING: I bought this stock immediately it floated ($1.05) and then purchased more at 90 cents and then more again as it went back up to $1.02 so I got it at a great price - I'm not saying that you should go out and buy at current price.
This is one stock that was going to be a good one from the start! At the float price ($1.05) it was offering a 9% fully franked div. It gets a trailing commission from any loans it writes therefore if you read the annual reports you can work out at least 55-60% of their earnings for the next 15-20 years - then you have on top of that any organic growth both from writing new loans or selling new franchises. It has no major machinery or anything to constantly update as the whole business is really worked around a computer spreadsheet that calculates the best loan for you on a laptop provided by the franchisee.
Currently the commission earned from previously written loans covers all expenses so anything new falls straight to the bottom line (and then onto shareholders!!). It is well positioned if there is any consolidation in the industry and with the new regulation that is coming out it is becoming harder to set up in competition. And as previously mentioned it still has a fairly high yield and low PE.
I'm normally a trader but to me this stock is a bit of a warren buffett type hold (great co., great management which has a lot of equity in the business, product that doesn't go out of date or require constant reinvestment of profits, good return, low PE etc etc).
Did I say I love this stock!!!
Malachii
WARNING: I bought this stock immediately it floated ($1.05) and then purchased more at 90 cents and then more again as it went back up to $1.02 so I got it at a great price - I'm not saying that you should go out and buy at current price.
Re: Mortgage Choice
Mortgage Choice is definitely a rarity. Financial industry stocks are usually winners, and the company has a great niche market position, competitive strength and brand recognition.
The performance of MOC should turn out to be very stong over the coming year given the stabilisation of the housing market and it scaleable and growing low-cost distribution platform.
I have seen articles saying it's undervalued still, even at today's $1.60 close.
The share is probably valued at around $2.00+ when its various strengths
are more appropriately priced in.
I am not qualified to provide financial advice - please seek your own recommendations.
Mortgage Choice is definitely a rarity. Financial industry stocks are usually winners, and the company has a great niche market position, competitive strength and brand recognition.
The performance of MOC should turn out to be very stong over the coming year given the stabilisation of the housing market and it scaleable and growing low-cost distribution platform.
I have seen articles saying it's undervalued still, even at today's $1.60 close.
The share is probably valued at around $2.00+ when its various strengths
are more appropriately priced in.
I am not qualified to provide financial advice - please seek your own recommendations.
michael_selway
Coal & Phosphate, thats it!
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Re: Mortgage Choice MOC
True but Volume today is only 6500? Hm seems like the SP of this stock can be easily "played"?
waytogo said:
True but Volume today is only 6500? Hm seems like the SP of this stock can be easily "played"?
Re: Mortgage Choice MOC
Your right Michael - this stock would be easy to play with - the volume is quite frequently fairly low. However if you look at the chart it is has (until recently) not had any real trouble holding around the $1.50. Dont think it will hold the $1.69 but you never know - there does seem to be a small amount of depth building in the $1.60s.
Like I said in a previous post - I'm a bit of a believer in this stock so anything I say should be taken with a large bucket of salt!
malachii
Your right Michael - this stock would be easy to play with - the volume is quite frequently fairly low. However if you look at the chart it is has (until recently) not had any real trouble holding around the $1.50. Dont think it will hold the $1.69 but you never know - there does seem to be a small amount of depth building in the $1.60s.
Like I said in a previous post - I'm a bit of a believer in this stock so anything I say should be taken with a large bucket of salt!
malachii
Re: Mortgage Choice MOC
It's definitely true that volume is low, but that's a good thing. Occasionally there are days when in fact nothing is traded, while there are days when a million shares are traded, at the other end of the spectrum. In terms of being 'played', this would be quite difficult, because buyers and sellers generally stalk each other for a day or more, before committing.
If you have a good quality share, why would you want to give it away cheaper? Companies with less robust brand names, business models technicals and fundamentals do jump around and get played more easily. Simply buying something which people want to hold onto leads to better price appreciation, and brings low volumes.
The company itself purchases shares for its directors superannuation, which must contribute to volume.
A large portion of the MOC shares are held by the franchisees themselves, so they have an aligned interest in both the business and the share price doing well (the IPO was not offered to the general public, but to franchisees and staff). People who bought in at the IPO price of $1.05 are getting a 9.33% fully franked dividend - why sell? The p/w, based on the IPO price is just 9.63 - compare these stats to the banks!!!
Most of us don't usually go for shares with such low liquidity, but they have been able to sustain their price and move quickly back up after major setbacks (being the ANZ and CBA cut in commissions, and the initial news about the commission dispute). For example, the price dropped around 20c when the commission dispute arose, and quickly regained that amount.
As for $1.69, MOC has been there before, just before the whole market got hammered at the start of October just gone. MOC has a good business story/theme, but its technical aspect and fundamentals stack up too. A rare hat trick!
Please ensure you get independent recommendations - I am not a qualified financial adviser.
It's definitely true that volume is low, but that's a good thing. Occasionally there are days when in fact nothing is traded, while there are days when a million shares are traded, at the other end of the spectrum. In terms of being 'played', this would be quite difficult, because buyers and sellers generally stalk each other for a day or more, before committing.
If you have a good quality share, why would you want to give it away cheaper? Companies with less robust brand names, business models technicals and fundamentals do jump around and get played more easily. Simply buying something which people want to hold onto leads to better price appreciation, and brings low volumes.
The company itself purchases shares for its directors superannuation, which must contribute to volume.
A large portion of the MOC shares are held by the franchisees themselves, so they have an aligned interest in both the business and the share price doing well (the IPO was not offered to the general public, but to franchisees and staff). People who bought in at the IPO price of $1.05 are getting a 9.33% fully franked dividend - why sell? The p/w, based on the IPO price is just 9.63 - compare these stats to the banks!!!
Most of us don't usually go for shares with such low liquidity, but they have been able to sustain their price and move quickly back up after major setbacks (being the ANZ and CBA cut in commissions, and the initial news about the commission dispute). For example, the price dropped around 20c when the commission dispute arose, and quickly regained that amount.
As for $1.69, MOC has been there before, just before the whole market got hammered at the start of October just gone. MOC has a good business story/theme, but its technical aspect and fundamentals stack up too. A rare hat trick!
Please ensure you get independent recommendations - I am not a qualified financial adviser.
Re: Mortgage Choice MOC
MOC hit $1.68, minutes after opening. On three trades so far, 5870 shares have traded at this price.
An interim dividend is approaching, with the shares going exdividend early April. Their present price will incorporate at least a 3.8c dividend (assuming the same as last time unless it is higher).
Hey - stop pulling my chain!!! MOC has just hit $1.69 (now a total of five trades on a volume of 14870). Will a new record high be set today?
I am not a financial adviser - please seek independent recommendations
MOC hit $1.68, minutes after opening. On three trades so far, 5870 shares have traded at this price.
An interim dividend is approaching, with the shares going exdividend early April. Their present price will incorporate at least a 3.8c dividend (assuming the same as last time unless it is higher).
Hey - stop pulling my chain!!! MOC has just hit $1.69 (now a total of five trades on a volume of 14870). Will a new record high be set today?
I am not a financial adviser - please seek independent recommendations
michael_selway
Coal & Phosphate, thats it!
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Re: Mortgage Choice MOC
Im still a little worried about thw low volume (liquidity) on certain days
But yeah ill just keep an eye on this one
waytogo said:
Im still a little worried about thw low volume (liquidity) on certain days
But yeah ill just keep an eye on this one
michael_selway
Coal & Phosphate, thats it!
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Re: Mortgage Choice MOC
it dropped big time today, any ideas? $1.62
waytogo said:
it dropped big time today, any ideas? $1.62
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Re: Mortgage Choice MOC
Below is Tuesday's Market analysis from Aspect Huntley. I suspect the data on housing may have had an impact on some property related stocks. It's only a hunch though!
michael_selway said:
Below is Tuesday's Market analysis from Aspect Huntley. I suspect the data on housing may have had an impact on some property related stocks. It's only a hunch though!
michael_selway
Coal & Phosphate, thats it!
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Amazing week
its $2 now! was 1.60 2 weeks ago
huge volume today
cant believe it, yeild also good
thx
MS
its $2 now! was 1.60 2 weeks ago
huge volume today
cant believe it, yeild also good
thx
MS
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