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Speculative Stock Portfolio

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Big down day overnight from the US markets followed by yesterday's falls, so I have been clearing out the bulk of the stocks in this portfolio. Only a few remain that have a bit of resilience in this environment such as Gold mining and Early learning Centre REIT. I guess kids have to go to Kindies in all economic environments so may be considered as a defensive stock IMO and so far haven't been savaged by the market, fingers crossed...

Closed:
 
aus_trader said:
Big down day overnight from the US markets followed by yesterday's falls, so I have been clearing out the bulk of the stocks in this portfolio.
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Have you gone to cash for now, or are you planning on going into gold etc?
Skate said:
Only a few remain that have a bit of resilience in this environment such as Gold mining and Early learning Centre REIT.
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Yes certainly some areas have been hit way worse than others.
 
Zaxon said:
Have you gone to cash for now, or are you planning on going into gold etc?

Yes certainly some areas have been hit way worse than others.
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Not in 100% cash but mostly in cash at the moment. I have a few Gold related investments in the Medium/Longer Term Stock Portfolio which are kept and will be added to. I haven't really put more assets in that portfolio as I am researching what I can put in there for the longer term and not worry about market ups and downs. So even the idea of putting some money into bonds is still on the agenda and I am taking time to find longer term holding investments. It'll take time to find the right mix of assets in different asset classes but that's a portfolio that I would like to keep as opposed to buying and selling that happens in this spec portfolio.
 
Zaxon said:
Very good. I'm about 12% in gold at the moment.
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Very Good Zaxon. I need to increase my Gold exposure and add Bonds as I mentioned. These are likely to give diversification and protection during market crisis events which no body can predict the timing of, but as you mentioned in another post, once in a decade or once every 20 years should be expected.
 
The pull back in Gold miners has given me an opportunity to add to my portfolio. I think there is further upside in the Gold miners although they have had a good run. I form this opinion because the margins are really good in the current environment with higher spot Gold prices to sell into as well as lower AUD/USD which increases these margins further. Only been looking at the top to mid-tier miners since the amount of research to find gems in the hundreds of juniors is hard and even if I do, whether it'll reflect in the share value is anyone's guess. That's just based on past experience trying to pick Gold juniors.

Anyway, since I only have Perseus Mining Limited (PRU) in this portfolio, I looked for similar mid-cap Gold stocks on the ASX that are still showing an up-trend. Came across a Gold miner that has partly protected itself from potential Gold price declines by hedging it's sales of Gold produced with Gold futures. I thought that was clever to ensure good cashflow. Company chosen was Westgold Resources Ltd (WGX) which is in a nice uptrend and has pulled back recently with the rest of the Gold sector.

Open portfolio:
 
Bought some shares of Australia's lowest cost CHESS sponsored stock broker
Selfwealth Ltd (SWF). It's growing at a rapid rate, hence the reason I took notice:



Traditional brokerage firms have been lowering their rates recently to be more competitive in the online share trading space but haven't been able to match or beat the market leading stock brokerage of $9.50 per trade offered by Selfwealth. Client numbers have been growing rapidly for Selfwealth (see below) and I think will continue to do so as investors and traders look for lower cost, locally based, CHESS sponsored brokers where the shares bought will actually be registered in their name with a share certificate from ASX.



There are CFD providers and overseas Trading companies that entice with even lower prices but the product is not the same i.e. the shares may not be actually bought in their client's name, so it's a derived product of shares that is usually offered at low costs. So in the true sense of a stock broker, Selfwealth has the lowest cost brokerage for trading/investing in ASX listed companies.

Overall the markets are quite volatile, so I am cautious buying stocks. But I think this is an exciting time for the newcomer SWF to disrupt the stock broking market and earn further market share from Australian stock brokerage market. SWF also has a interesting line up of products which are imminent to come out soon:



Open Portfolio:


Also updated dividends for BFG and SRV.
 
With Oil stocks such as Beach Energy Ltd (BPT) and Santos Ltd (STO) at or near all-time-high's it looks like a good dip to buy some Woodside Petroleum Limited (WPL). So bought some shares today with a short-term trade in mind. Did a quick trade on this previously as well when it was trading at a higher price. Now the numbers look even better so I think it's worth a bite at these sold down levels.



Although I generally don't pay attention to broker and analyst recommendations, in this case everybody seems to agree it's undervalued.



Open Portfolio:
 
While Gold has been going up recently, it's little cousin Silver has been going up even faster. I have noticed it but I didn't want any exposure as the price was going straight up. Instead I waited for a decent pull back, which has just happened:



The problem is, unlike Gold stocks which are littered across the ASX, I could only find less than a handful of Silver stocks on the ASX. This makes them rare and any upside in Silver would be able to push prices of such stocks even faster as all the funds going into Silver plays have only a few penny stocks to go into.

I had a few Silver stocks in an old watchlist such as Cobar Consolidated, but it no longer exists. So if there are any good Silver stocks that people are aware of, let me know.

I bought a minimum quantity of Silver Mines Limited (SVL), which was hammered down 17% as it came out of a trading halt with regards to a capital raising. What is interesting is it was well supported by institutions including the resource investment group Sprott asset management which is known to take early strategic positions in resource companies with good potential. SVL's Bowden Silver project is probably one of the largest undeveloped Silver deposits as far as I can tell, with a large resource already proved from drilling.

Open Portfolio:
 
sptrawler said:
South 32 has one of the Worlds largest silver mines.

https://www.south32.net/our-business/australia/cannington
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Thanks for the info sptrawler, yes that is also one to keep an eye on if Ag (Silver) continues up. But S32 was spun out of BHP from memory and is more diversified with many commodities being mined. So the proportion of it's share price rise in relation to Silver price will not be as dramatic compared to a pure Silver play like SVL in my opinion.
 
Troy resources TRY had a silver mine in Argentina, also Kingsgate KCN resources have a known silver prospect in South America, but I don't think it is being mined.
The only Australian miner, that I know is pulling it out of the ground is S32.
 
sptrawler said:
Troy resources TRY had a silver mine in Argentina, also Kingsgate KCN resources have a known silver prospect in South America, but I don't think it is being mined.
The only Australian miner, that I know is pulling it out of the ground is S32.
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Good analysis
 
sptrawler said:
Thanks, there is another but I'm keeping it up my sleeve, for next months tipping.
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I've also come across two more spec stocks during the research when looking into Silver (Ag). I'm sure it's one of those

If Ag starts trending up again let's tip for next month. As I said earlier these are very volatile plays, which is why I bought the minimum quantity of SVL, down another 12.5% today back to the price they raised the capital at.



However if conditions are right, i.e. Silver demand is back on, then they can go off quickly as well, perfect for 1-month competitions.
 
I sold one of the Gold plays today since it has fallen off recently. So PRU was sold this afternoon. Happy to buy back if the Gold price starts to tick up again.

I will show the recent sells only, just the closed positions for this year since the table is getting a bit too long to post.

Closed Positions:
 
Life in the stock market can be complicated but the best part which attracts users is paycheck to paycheck sometimes it is no fun. Especially in the going era, investing can be a financial boon, despite the associated risks, for millennial who are known to be good savers.
 
I was looking through the upcoming dividends/distributions for the open portfolio stocks and I couldn't find the distribution that should be coming up for CQE that pays 4 distributions a year. According to my calculations it should be coming up this month but it's not listed in the upcoming dividends, while another Charter Hall REIT does have it listed:



I couldn't find any company announcements regarding whether it's on or off either. So while I am waiting to find the answer, the position has been sold. I don't want to find if is not on as the market will not like it and that may get reflected in the share price. Good REIT but most buy it for it's yield that is paid quarterly, so need to clarify what's going on.

Closed Positions:


In the meantime decided to buy an upcoming dividend play that's coming up for the 26th of this month. Mastermyne Group Limited (MYE) will pay a 4c dividend which will represent approx. 3.4% return on my purchase today and achievable within a month, which I cannot achieve if I parked that money in a bank for a full year. Besides the dividend the company is doing well and cashed up and paid off all of it's debt:



It has even made a recent acquisition that will complement MYE's service offering:


Open Portfolio:
 
I couldn't get through to Charter Hall Education Trust (CQE) via investor relations number as it went into answering machine, so I wrote to them regarding the distributions.

Let's see what they say, if they get back to me...
 
aus_trader said:
I couldn't get through to Charter Hall Education Trust (CQE) via investor relations number as it went into answering machine, so I wrote to them regarding the distributions.
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Here is the history of CQE's distributions. They've been pretty consistent, so if history is any guide, expect it around 27/28 Sep 19. They've also distributed identical amounts four times in a row, then the amount changes for the next year. So if that pattern continues, expect greater than 4 cents.

 
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