Pay the money by the due date by 30/06
either cheque or bpay
With cheque you want to post a few days before it close
bpay maybe 1 day before and to be sure 3 days just in case
banks has a computer meltdown.
I would do bpay,.. your reference number is unique so they know who you are...
I sent my views on TGA to Roger Montgomery in two blog postings, and I got a pat on the head for both. With luck this might prompt RM to reconsider the RR (required rate of return) for TGA. By the way, and I might have posted this before, the most generous valuation of TGA that I have seen comes from Clime - see:
http://www.theaustralian.com.au/bus...d-thorn-on-track/story-e6frgac6-1226043486422
Clime's $2.90 valuation is high, but if TGA sticks to its past trajectory, it is achievable - it will just take time.
As a second aside, I was surprised to see that Wam Research Ltd (ASX code WAX) had 2,522,541 TGA shares at 31/3/11. See:
http://www.wamfunds.com.au/WAM/media/WAMMedia/WAM Research/WAXNTAMar11.pdf
Wam's top 14 holdings in value are:
As at 31 March 2011 the top listed equities (value over $1 million) were as follows:
Code Company -------------------------------------- Market Value $ -------- % of Gross Assets
MMS McMillan Shakespeare Limited ----------- ------ 6,262,425 ----------- 5.7%
NAB National Australia Bank Limited ----------------- 5,635,000 ----------- 5.2%
CCP Credit Corp Group Limited ----- ------ --------- 4,896,767 ----------- 4.5%
WBC Westpac Banking Corporation ------------------ 4,781,250 ----------- 4.4%
APE AP Eagers Limited ---- ------------ --------------- 4,289,173 ----------- 3.9%
WBB Wide Bay Australia Limited ----- ---------------- 4,094,373 ----------- 3.7%
CBA Commonwealth Bank of Australia --------------- 4,029,560 ----------- 3.7%
SGN STW Communications Group Ltd ----- ---------- 3,951,256 ----------- 3.6%
MYS MyState Limited ------------------------- ---------- 3,438,413 ----------- 3.1%
RHG RHG Limited ---------------------------------------- 3,144,182 ----------- 2.9%
ANZ Australia and New Zealand Banking Group Ltd -- 3,113,750 ----------- 2.8%
BRG Breville Group Limited ------ ------------ --------- 2,877,404 ----------- 2.6%
SAI SAI Global Limited ---------------------------------- 2,598,938 ----------- 2.4%
TGA Thorn Group Limited -------------------------------- 2,522,541 ----------- 2.3%
Would just like to say as a clime subscriber their valuation has been lowered.
By the way, I applied for more TGA shares than I was entitled to, and I got them. At $1.85 that purchase is now looking good. When TGA was selling at a low price in June, I simply did not have the funds to buy more. I borrowed most of what I needed to front with the money on 30 June, because I knew that I could repay part of it early in July, a new tax year.
I hurled about $50K at the rights issue entitlements plus additional shares, so at today's SP of circa $2.00, that looks to have been a good move. Hindsight is a wonderful thing. My daughter said she would not bother with her entitlements, but I convinced her otherwise, so that turned out well too.
Quo vadis TGA? I would like to see evidence of how well the NCML venture works for the business before I venture an "intrinsic value" for TGA.
I do not like the appellation 'intrinsic value", because it carries a sense of being objective, whereas it is highly subjective, and it changes at any point in time from person to person. There should be a word in English to cover using words to convey the wrong impression to one's audience without actually lying. For instance, calling CO2 "carbon", rather than "oxygen", which being two thirds of the CO2 molecule has a better claim as the nickname than "carbon" does. I can just see politicians struggling to justify an oxygen tax, and calling oxygen a pollutant, rather than the easier task of doing so with that black sooty stuff called carbon.
Wow nice price.
Im down n out that with all these bargains around that Im missing out as I invested heavily a few weeks ago.
Nice entry robusta, I bought one day early @ 1.75
zac if you invest in solid companies long term it will be your friend...
Yeah I know, its sad though when things are amazingly discounted and you cant get in on it LOL.
Almost impossible to pick the bottom IMO, I am sitting on paper losses in about 1/2 the stocks bought in the last two weeks, when I think I have got a great price and buy it falls almost straight away.
Almost impossible to pick the bottom IMO, I am sitting on paper losses in about 1/2 the stocks bought in the last two weeks, when I think I have got a great price and buy it falls almost straight away.
May I gently suggest that you concentrate buying on stocks that have started an uptrend?
Not infallible, but works most of the time, particularly if I'm strict about applying a creeping stop loss.
Doesnt TGA also do short term loans?
THey didnt seem to effected by the legislation that heavily effected CCV
Thankyou for that oldblue, I could certainly learn some patience.
It is difficult however for me to pass some of the prices thrown up by the market in the middle of a panic however.
May be you should refer to your signature more often
The trouble is my crystal ball does not work - I think I have found a bargain today but do not know if it will be more or less of a bargain tomorrow.So my solution is to buy when I think prices are cheap enough. Having said that I take oldblues point and perhaps instead of catching falling knifes maybe I could buy when they have bottomed.
The trouble is my crystal ball does not work - I think I have found a bargain today but do not know if it will be more or less of a bargain tomorrow.So my solution is to buy when I think prices are cheap enough. Having said that I take oldblues point and perhaps instead of catching falling knifes maybe I could buy when they have bottomed.
One possible way to overcome this is to monitor more companies. If you only have 2 companies you want to buy, you will more likely to jump in early because you might be concerned that both of them will run back up without you.
On the other hand if I had 20 companies on my potential buy list, I tend to be more patient. Cause chances are when the market does turn back up, some of these 20 companies would be laggards and you can still buy in at a low enough price.
Of course it depends on how much time and effort you have to analyse the investments.
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