We had 15 members attend our July meeting and welcomed back 2023 member Jill for Semester 2. All your selections will appear on the August sheets, Jill--good luck.
We reviewed our Bendigo Watchlist of February 2024 on which there are some 40 stocks across all 11 sectors. We are negative 5%, a reflection that many shares peaked in price during February and March when this listing was set up.
Handouts included a page on ANZ, DeGrey, Lynas & SCL plus Don’s ‘What to look for 1st July’ sheet. We all wanted to know from Graeme what facts or trends he used when he chose SCL in February, as they have risen 104%--just over doubled in price--during June.
On our long-term sheet John still leads with DRO followed by Margaret W with TLX and Margaret J with PME. As John would say, nothing is ever certain in the share market and DRO could fall as fast as it has risen between now and December.
On our “Real Time Dividend” listing Neville leads with BLD (Boral) with $11,468, closely followed by Wende, John & Bill. Between now and late August there will be few announcements on dividend returns. If you want a September or October dividend, now is the time to trade if you think another stock might pay a higher dividend than your current holding. All the current stock held should pay in September and October. Bill opted to sell COL (Coles) and buy NTD (NTAW Holdings). As soon as ex dividend dates are known I will include them into the spreadsheet.
After the break Don gave us some tips on how he analyses share buy and sell data and this short summary:
A couple of important things to consider when looking for a Stock to buy. Check the 12- month High (for the Share Price) and the 12- month Low. Look for a Stock that is above the Low, and now rising in price. Look for a Stock that has good liquidity, ie., many shares changing hands on any trading day and pay attention to the PE ratio. Avoid Stocks with a PE above 40 and be careful of Stocks with PE below 10. The sweet spot is a PE between 15 and 25.
Thanks Don. Hopefully at our August meeting we will have a presentation on other market factors to incorporate into our planning/selection/and trading.
On our short term our monthly selections Graeme leads with SCL with a value of $20,378 followed by Peter TPC with $3,215 profit, followed by Les with PME and Malcolm with EMR. There were 2 new monthly selection changes Neville (WHC) & Les (life360) to report on at the August meeting
Our next meeting will be Monday 5th August 2024 at 2pm.
Malcolm Sanders
We reviewed our Bendigo Watchlist of February 2024 on which there are some 40 stocks across all 11 sectors. We are negative 5%, a reflection that many shares peaked in price during February and March when this listing was set up.
Handouts included a page on ANZ, DeGrey, Lynas & SCL plus Don’s ‘What to look for 1st July’ sheet. We all wanted to know from Graeme what facts or trends he used when he chose SCL in February, as they have risen 104%--just over doubled in price--during June.
On our long-term sheet John still leads with DRO followed by Margaret W with TLX and Margaret J with PME. As John would say, nothing is ever certain in the share market and DRO could fall as fast as it has risen between now and December.
On our “Real Time Dividend” listing Neville leads with BLD (Boral) with $11,468, closely followed by Wende, John & Bill. Between now and late August there will be few announcements on dividend returns. If you want a September or October dividend, now is the time to trade if you think another stock might pay a higher dividend than your current holding. All the current stock held should pay in September and October. Bill opted to sell COL (Coles) and buy NTD (NTAW Holdings). As soon as ex dividend dates are known I will include them into the spreadsheet.
After the break Don gave us some tips on how he analyses share buy and sell data and this short summary:
A couple of important things to consider when looking for a Stock to buy. Check the 12- month High (for the Share Price) and the 12- month Low. Look for a Stock that is above the Low, and now rising in price. Look for a Stock that has good liquidity, ie., many shares changing hands on any trading day and pay attention to the PE ratio. Avoid Stocks with a PE above 40 and be careful of Stocks with PE below 10. The sweet spot is a PE between 15 and 25.
Thanks Don. Hopefully at our August meeting we will have a presentation on other market factors to incorporate into our planning/selection/and trading.
On our short term our monthly selections Graeme leads with SCL with a value of $20,378 followed by Peter TPC with $3,215 profit, followed by Les with PME and Malcolm with EMR. There were 2 new monthly selection changes Neville (WHC) & Les (life360) to report on at the August meeting
Our next meeting will be Monday 5th August 2024 at 2pm.
Malcolm Sanders
