Will be riding TQQQ all the way up when the correction finishes .
IKE is a strong buy imo especially at current prices but would pickup a lot more under 40c
Would love to enter a big name like meinfreight
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Will be riding TQQQ all the way up when the correction finishes .
IKE is a strong buy imo especially at current prices but would pickup a lot more under 40c
Would love to enter a big name like meinfreight
The best companies to snap up?
In general, I'll be buying back into the companies that I've sold.
Updated view.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 $2.70Trigger point hit on HLG today but I will need solid TA support to buy back in
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 $3 (Julian is now on my naughty list so I'll need a 40% 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.
Deep value now in ARG especially now that the Government has reinstated the ability to claim depreciation on commercial buildings with effect from 1 April 2020. Very tempted by this one.
Trigger point hit on HLG today but I will need a break back up through the 30 day MA to commit to buying back in. Where's the floor ? Anyone's guess but the low of $2.13 in the GFC might be worth remembering as a marker.
OCA - Very deep value there now at 55 cents - Yes I regret my lack of discipline yesterday but it was only a 1.0% portfolio position. I won't be a seller at this level and will take whatever punishment is coming my way that I fully deserve for breaking my own discipline. Pain is the best teacher ! Once bitten, twice shy !
AIR and THL are in desperate trouble with the total shut down of the border - No longer interested at any price.
https://www.goodreturns.co.nz/articl...or+19+Mar+2020
What's the Beagles price target on our beloved airport?
The share price graph is truly scary. I would stay well away but for the very brave who can be incredibly patient and are happy to wait for what may be many years to get back to a normal level of profitability, a 50% discount to NTA say, $2.50 might be a useful marker. I expect a massive drop tomorrow with the complete closure of our border sinking into the share price.
In my opinion you are better not to have a price target on this one or any of its ilk in the tourism sector, AIR, THL, SKC. Fundamental analysis is rendered almost completely useless at times like this. Simply wait for a new uptrend when it breaks back up through its 30 day moving average, whenever that might be and it could be a long time. I might add this one to my utilities and infrastructure watchlist. Its always been too expensive in my book but that could be changing very fast !
BLT
Less likely to sink further than most holdings, and potential?
Had a quick look at ARG, trading at about a 25% discount to NTA. Worth noting after 2008 it was trading at a 43% discount to NTA, much like KPG is now, although obviously lacking the exposure to retail which is nice.
No expert but just from a glance may have the potential to fall more then something like OCA which is already at a 45% ish discount?
KFL has been remarkably resilient. Compared to FNZ or MDZ it has been a ROCK! Any rationality to its [relative] stability?
Financial liquidity every where you look seems shot to pieces.I wonder if these instruments have something to do with it?
https://en.wikipedia.org/wiki/Pandem...ncing_Facility
I heard about someone that sold a farm recently. Got an 8 figure sum. Has the cash in the bank at present. Just imaging how many shares (pick any) he can buy relative to 2 months ago!