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From another thread ...
But hold SGR ... adding slowly into this sell-down.
Hmmm ....
well the update was not great. Its been written on the wall the difficulties it has been under for some time.
It is NOT worthless despite the current spate of selling.
It makes money, just not as much a growth story as it once was thought to be.
Retirement and annuity funds are a much needed tool with longer life expectancy.
That said, I don't think their dividend is too much under threat. Much like my views on banks pre election. One hand the 7% dividend there unlikely to grow over time and ... well say under $25 for some a couple of times it was a buy and feeling like a bank teller with all the financials and magic rallies of 10% .... only to be hit with reality as we are seeing now. Banks well off highs and new capital requirements the latest impost. Suspect we revisit those old lows .
CGF, whilst the absurd strong buy calls and targets of $12 now replaced with 8-9 ones. The share price obviously has had a cow at $6.50 as though the world has ended. We seem to be seeing this with a lot of stocks from AGL going maybe we buy a telco for 20% of market cap and shedding 10% in the blink of an eye MORE than the bloody thing would cost. WES another doing much the same with the Lynas deal which by the way would have been brilliant had they done it given the uncertainty over those minerals and the price shed for a massive company 20% to absurd levels only to rally as they gave out a massive bonus to now .... Retail side and even Bunnings sales not so hot. Again suspect they revist the $32- levels .... irrespective of the ASX.
CGF as opposed to banks has a brighter long term outlook for profits as its product is so niche and specialized and likely in more and more demand all be it slowly, they eventually will get their game sorted. So ... for me ... its much like some other absurd price flops a BUY down here and lower.
SGR similar, Star Casino and whilst a love rally as Packer seemed to sell well above market, only to fall through, casinos are if decently run hard to loose on. Trump did but was so stupid and leveraged as well as a crook they failed. Something worth $5.50 absurdly 12 months ago but above $4.50 at $3.60 low is ignoring all else, eventually as your paid a decent dividend becoming cheap.
CGF ... well at $5.60 a 5.4% yield and fully franked. Things obviously not so good and they can only improve. I note for most of the stocks mentioned above CBA and Now perpetual announcing its sold out.
Nothing like taking your loss.
Not sure ... they are correct.
I own and will slowly add as I did with say APA as it was shredded 15% to $8.50 and now is at $11=
Levels ... and risk size small given the current state of affairs there. Not trading, its longer term for better or worse. Bigger holds if I should be so lucky to get re-entry into say some banks I lightened up upon of late. As for APA I have reduced and taken most off the table with a mere core token holding.
Take care
But hold SGR ... adding slowly into this sell-down.
Hmmm ....
well the update was not great. Its been written on the wall the difficulties it has been under for some time.
It is NOT worthless despite the current spate of selling.
It makes money, just not as much a growth story as it once was thought to be.
Retirement and annuity funds are a much needed tool with longer life expectancy.
That said, I don't think their dividend is too much under threat. Much like my views on banks pre election. One hand the 7% dividend there unlikely to grow over time and ... well say under $25 for some a couple of times it was a buy and feeling like a bank teller with all the financials and magic rallies of 10% .... only to be hit with reality as we are seeing now. Banks well off highs and new capital requirements the latest impost. Suspect we revisit those old lows .
CGF, whilst the absurd strong buy calls and targets of $12 now replaced with 8-9 ones. The share price obviously has had a cow at $6.50 as though the world has ended. We seem to be seeing this with a lot of stocks from AGL going maybe we buy a telco for 20% of market cap and shedding 10% in the blink of an eye MORE than the bloody thing would cost. WES another doing much the same with the Lynas deal which by the way would have been brilliant had they done it given the uncertainty over those minerals and the price shed for a massive company 20% to absurd levels only to rally as they gave out a massive bonus to now .... Retail side and even Bunnings sales not so hot. Again suspect they revist the $32- levels .... irrespective of the ASX.
CGF as opposed to banks has a brighter long term outlook for profits as its product is so niche and specialized and likely in more and more demand all be it slowly, they eventually will get their game sorted. So ... for me ... its much like some other absurd price flops a BUY down here and lower.
SGR similar, Star Casino and whilst a love rally as Packer seemed to sell well above market, only to fall through, casinos are if decently run hard to loose on. Trump did but was so stupid and leveraged as well as a crook they failed. Something worth $5.50 absurdly 12 months ago but above $4.50 at $3.60 low is ignoring all else, eventually as your paid a decent dividend becoming cheap.
CGF ... well at $5.60 a 5.4% yield and fully franked. Things obviously not so good and they can only improve. I note for most of the stocks mentioned above CBA and Now perpetual announcing its sold out.
Nothing like taking your loss.
Not sure ... they are correct.
I own and will slowly add as I did with say APA as it was shredded 15% to $8.50 and now is at $11=
Levels ... and risk size small given the current state of affairs there. Not trading, its longer term for better or worse. Bigger holds if I should be so lucky to get re-entry into say some banks I lightened up upon of late. As for APA I have reduced and taken most off the table with a mere core token holding.
Take care
.
