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Back on October 25th Henry wrote up four travel stocks as an Idea of the Day At the time his order of preference was: #1 Webjet (WEB) #2 Helloworld (HLO) (mainly because of liquidity) #3 Flight Centre (FLT) and #4 Corporate Travel (CTD). Some water has flowed under the bridge since with a good gain…
BANKS It has been a torrid few days for the banks with ANZ cutting its franking from 100% to 70% and WBC cutting its dividend from 94c to 80c and raising $2.0 billion in an institutional share placement at 2532c with a share purchase plan to come. WBC has dropped 6.6% since the ANZ results…
Let’s take a baseline retiree as an example – An 80-year-old Australian couple with $1m to live off in a house with no mortgage in a zero tax environment. They hold the classic Australian equities portfolio that averages out to a yield of around 4.5% plus average market franking (about 72%) taking it up to…
Some recent success stories in Small Caps Two recent successes in iSignthis Ltd (ISX) and PolyNovo (PNV). Results this week have galvanised ISX – a know-your-customer (KYC) provider of ID authentication – and it hit new all-time highs of 121.5c. The recent deal it has done with Visa has been the power behind the rally.…
What are you actually buying? Now that we know how the stock market was born, let’s have a look at what it actually means to own a share. Stocks, shares, equities, securities. Lots of different words for a slice of the pie. We hear the words, see the news and buy the codes, but what…
The Birth of the Stock Market Us modern day investors can buy and sell stocks at the click of a button. We can see the price and details of any stock in the world with a quick google search and can get our rolling market fix daily through tv, radio or online news sources. But…
The question of existence has fascinated students of philosophy for centuries. In the fifteenth century Rene Descartes produced the famous philosophical conclusion “cogito ergo sum”. Or in English “I think therefore I am”. My wife has been thinking a lot of late, particularly about the Tax Office web site. She’s been talking to them too,…
The press are carrying articles today talking about the performance of the biggest Super Funds. Here are the biggest 20 funds by size showing the size, number of Members, average balance and growth in member numbers or otherwise. I know there is this generally accepted view that fund managers always underperform and if you look…
Listed Investment Companies, known as LICs, are effectively a managed fund with the main difference being that they are traded on the ASX like a share instead of being unlisted and traded through the fund manager’s administration system. So for one trade, on the ASX, through an LIC, you can buy a portfolio of shares…
WHAT IS SHORTING Each week ASIC publishes a list of stocks that have been “Sold short”. In basic terms it means stocks that have been sold by people who don’t own them. It is not that easy to genuinely short a stock. You can do something similar through CFD accounts, but I wouldn’t deal with…
