BBOZ is like russian roullette...black or red....crazy and you hardly pick up whether the market is up or down. US down, OZ might up...vice versa. Crazy....
Printable View
BBOZ is like russian roullette...black or red....crazy and you hardly pick up whether the market is up or down. US down, OZ might up...vice versa. Crazy....
After the detailed update from OCA today 60 cents was simply too sexy for me to resist, more than 40% discount to NTA and nearly a 50% discount to their NAV figure of about $1,15 from memory. No TA signal but I couldn't help myself dipping the front leading edge of just one of my paws in the water.Quote:
Okay so here is my Christmas list assuming a deep bear market all year and my indicative target prices
AIR 75 cents (gosh you say, it couldn't happen, oh yes it can, history suggests this is a pure cyclical and has been there before more than once)
ATM $8 (has been there before, massive hype built into the current stretched PE)
ARG $1 (still trading at a solid premium to NTA, looking for a 20 - 25% discount to NTA)
ARV $1 (had a huge run and a large retracement is quite possible)
BRM 35 cents (would buy all day long if this got down there)
GNE $2 (ditto above)
GMT $1.40 (As for ARG I would want a 20-25% discount to NTA)
HGH $1 (Things get ugly for Bank's in a bear market - I'd need to be snooping, (you see what I did there Snoopy) around there to think I'd got a real bargain)
HLG $2.70 (nothing sweeter than a repeater), bought up large last time it was there a few years ago.
KFL $1 (Whole market to come back at least 30-40% and quite possibly more)
MEL $3 (Buy all day at that price).
MLN 60 cents (40% retracement in US markets would be nice, they're certainly not on as stretched metrics as the NZX, nowhere near)
OCA 80 cents (20% discount to NTA)
RYM $7 (No real case for them being on such a massive PE premium to the rest of the sector...needs a real bashing for me to be interested)
SUM $4 (Julian is now on my naughty list so I'll need a 20% discount to NTA)
MET $3.50 (inept management and imminent takeover failure, needs to be half NTA to get me interested)
THL 90 cents. (Serious trouble here but a massive restructuring and selldown of the fleet might see them escape chapter 11 in the USA and administration here provided they get some Govt support like AIR desperately need)
Caveat, anything bought would have to have shown some (at least modest TA buy signal) before I would dip my paws in the water.
Bad dog, I have sinned and will probably get punished...back to my kennel now and watch the train wreck of this market unfold some more.
Appreciate the update Beagle! I personally am staying away from all retirement shares at the moment, but good on ya for giving it a go. :t_up:
Hope you don't end up howling at the moon tonight.
Yep. I remember at high school in winter there was always a competition to see who could hold onto the radiator the longest (between the boys-the girls were never that stupid).
I seemed to often win. Probably explains some of my poorer investment decisions...…..
Watching OCA (bought some), SKC, ANZ, WBC, HGH, SPK and NWF
So is serko dead in the water ?
Looks like a lot of the price targets will get hit today