At our June meeting we had a look at US debt limit crisis and its flow on to the Australian market. Minimum drawdown limits on managed super funds revert to pre-COVID limits on 1 July 2023, so you or your advisor/provider need to readjust your payments. Everyone now has a printed copy of the table. Handouts covered Challenger, AMP, Gold tracker, Ex-dividend dates, MIN and our selection lists.
Our 11 sectors selections we made in February in the Bendigo Watchlist is still negative by some -$38,000 or 10.5 % negative. This is reflected by all stocks that were purchased in early February when the All-Ord’s Index was 7745. Today the All Ord’s is only 7331. One of our stocks, FXO, is no longer listed and I will follow up where this $9993 investment has gone. I have followed up on this; on 15 May 23 FXO named changed and now trade as QOR.
Our long-term selections Margaret led the month with XRF. We are still optimistic stocks will recover. If you have a good reason, you can change your long-term selection at the 3rd July meeting.
After the break we viewed Lithium Stock LTR, Lion Town, up 119% for the year and still in an upward trend after rejecting a take-over offer from Abbermale. Also, AKE Alkem up 24% which had a partial merge with Livent the worlds no 3 Lithium Miner, and LLL Leo Lithium, which entered a strategic agreement with Glenfang Chinas largest lithium miner, up 53%.
We then focused on Tech stocks GTK Glentrack group up 158%, WTC Wisetech Global up 78%, TNE Technology one up 51%.
Finally, we compared returns on bank term deposits compared with LaTrobe financial.
On our short-term sections many of our members changed their selections. Val with EHE was the June winner $2,411 increase, and Brian second with RSG and close third Don with EVN fourth Les with XRF.
The next meeting of the Investment class will be on Monday 3rd July at 2.00pm in U3A Classroom 1.
John Hanlon and Malcolm Sanders
Our 11 sectors selections we made in February in the Bendigo Watchlist is still negative by some -$38,000 or 10.5 % negative. This is reflected by all stocks that were purchased in early February when the All-Ord’s Index was 7745. Today the All Ord’s is only 7331. One of our stocks, FXO, is no longer listed and I will follow up where this $9993 investment has gone. I have followed up on this; on 15 May 23 FXO named changed and now trade as QOR.
Our long-term selections Margaret led the month with XRF. We are still optimistic stocks will recover. If you have a good reason, you can change your long-term selection at the 3rd July meeting.
After the break we viewed Lithium Stock LTR, Lion Town, up 119% for the year and still in an upward trend after rejecting a take-over offer from Abbermale. Also, AKE Alkem up 24% which had a partial merge with Livent the worlds no 3 Lithium Miner, and LLL Leo Lithium, which entered a strategic agreement with Glenfang Chinas largest lithium miner, up 53%.
We then focused on Tech stocks GTK Glentrack group up 158%, WTC Wisetech Global up 78%, TNE Technology one up 51%.
Finally, we compared returns on bank term deposits compared with LaTrobe financial.
On our short-term sections many of our members changed their selections. Val with EHE was the June winner $2,411 increase, and Brian second with RSG and close third Don with EVN fourth Les with XRF.
The next meeting of the Investment class will be on Monday 3rd July at 2.00pm in U3A Classroom 1.
John Hanlon and Malcolm Sanders
