The September meeting of Investment was held by Zoom. We welcomed 10 participants including Pat Richardson from Wangaratta who is conducting a group similar to our group through U3A Wangaratta.
Australian equities marked the end of the current Reporting Season in August with an eleven month run of gains, the longest streak in 78 years. We noted the increased dividends paid by a number of companies, including the large miners which had profited from a high iron ore price for an extended period. We noted that the Iron Ore price had decreased considerably in the last month.
We discussed the fact that large amounts of cash were available for shareholders through the Buy Backs offered by both Commonwealth Bank and Woolworths. Wesfarmers were also having a return of capital to shareholders.
We looked at 10 franked income stock ideas for Australian Investors discussed in a special report by Morningstar. These were projected returns for 2021/2022 and needed to be assessed against current charts for each stock.
We discussed the fact that large amounts of cash were available for shareholders through the Buy Backs offered by both Commonwealth Bank and Woolworths. Wesfarmers were also having a return of capital to shareholders.
We looked at 10 franked income stock ideas for Australian Investors discussed in a special report by Morningstar. These were projected returns for 2021/2022 and needed to be assessed against current charts for each stock.
The next meeting of Investment will be by Zoom on Friday 1st October 2021 at 2pm. The reason for this is that the Senior Citizens are playing bowls on Tuesday, Friday and Saturday afternoons, and there is a limit of 20 people in the whole building at any time. An invitation to the Zoom meeting will be sent out nearer the time.
Margaret Jenkins
Margaret Jenkins
