Our meeting on 6th May again commenced with a 6-minute recorded podcast video by Chalis Mining (CHN) about their progress to produce a range of minerals across some seven sites in Western Australia. A handout was also included that was a further update on financial position and progress.
News about BHP on a bid to purchase Anglo American mine in South America for $52billion. The world copper price has risen 18% the last 12 months now at $4.44 per pound; and BHP has increased its copper output by 49% at the Olympic Dam site in South Australia. More than half the world's copper is used in electrical motors, wiring or anything that requires electricity.
Our long-term stock selections remain positive overall for April with John leading with DRO with paper profit of $3,042.
After our tea break Don presented some insights on facts you should consider as an investor when buying or selling shares. The Financial Review has a lot of data across all stock sectors. The Earnings per share (EPS ), Price to Earnings ratio (P/E ratio) and debit to equity (D/E ) are all very important. Remember the asset value includes the debit on infrastructure listed as assets. Whilst dividends may at first sight be attractive, companies often only pay out 70% of the profit. If they announce a buy-back of shares you need to realise this is funded by profits but is designed to hold or lift the share price by the reduction in the total number of shares on issue. The three banks NAB, ANZ & WBC have all announced about a 2% buyback in 2024.
Our “Real Time with Dividend” handout has been made bigger to a full A3 sheet with allowance for everyone to add /sell on a clear line. All figures are to 3 decimal places but rounded to whole numbers in most columns, so if you are checking bear this in mind. Neville is on top with BLD and Don with ANZ. Both Don and Wende have not received any dividend as the ex-dividend date is yet to tick over. Over the next 4 weeks, with no dividends being added other than for ANZ and MQG and a Federal budget due shortly, our results will be clearer.
Finally, our monthly short-term selections were positive for most of our 20 members.
There were 4 requests for new stocks being for SFR, FFM & RMI.
Our next meeting will be Monday 3rd June 2024 at 2pm.
Malcolm Sanders
News about BHP on a bid to purchase Anglo American mine in South America for $52billion. The world copper price has risen 18% the last 12 months now at $4.44 per pound; and BHP has increased its copper output by 49% at the Olympic Dam site in South Australia. More than half the world's copper is used in electrical motors, wiring or anything that requires electricity.
Our long-term stock selections remain positive overall for April with John leading with DRO with paper profit of $3,042.
After our tea break Don presented some insights on facts you should consider as an investor when buying or selling shares. The Financial Review has a lot of data across all stock sectors. The Earnings per share (EPS ), Price to Earnings ratio (P/E ratio) and debit to equity (D/E ) are all very important. Remember the asset value includes the debit on infrastructure listed as assets. Whilst dividends may at first sight be attractive, companies often only pay out 70% of the profit. If they announce a buy-back of shares you need to realise this is funded by profits but is designed to hold or lift the share price by the reduction in the total number of shares on issue. The three banks NAB, ANZ & WBC have all announced about a 2% buyback in 2024.
Our “Real Time with Dividend” handout has been made bigger to a full A3 sheet with allowance for everyone to add /sell on a clear line. All figures are to 3 decimal places but rounded to whole numbers in most columns, so if you are checking bear this in mind. Neville is on top with BLD and Don with ANZ. Both Don and Wende have not received any dividend as the ex-dividend date is yet to tick over. Over the next 4 weeks, with no dividends being added other than for ANZ and MQG and a Federal budget due shortly, our results will be clearer.
Finally, our monthly short-term selections were positive for most of our 20 members.
There were 4 requests for new stocks being for SFR, FFM & RMI.
Our next meeting will be Monday 3rd June 2024 at 2pm.
Malcolm Sanders
