We had look at listing of Ex Dividend dates and pay dates for September as most companies have now reported their annual accounts and many have already paid out their dividends. Most of the banks have paid a reasonable dividend however the Bank of Queensland and the Bendigo bank still offer good returns that are 100% franked.
We had a look at stock graphs for MAD, MIN and ORE for the month and for the year they are are still positive and increasing. Many of our long term selections have decreased. Margaret J and Margaret W however are still leading with positive gains with XRF & NXT respectively. The share market has fluctuated this year and until or if, China resumes purchase of iron ore and grains our market will remain flat.
After the break we started this segment by again visiting short selling as we had the example of CXO – Core Lithium which was head of the list of the most shorted stocks, retreating from No 1 to No 13 on the list. This was the result of price drop when the company announced a share purchase plan at a low price to attract money for further development.
The ‘shorts’ had anticipated this and took their advantage to sell. The message is to consider the ‘short list’ before you buy. You can find a Shorts listing on web site “Market Index, Popular Pages, ASX short sale data”. https://www.marketindex.com.au/
The lithium market was then viewed, in particular LTR-Liontown which has received its 4th takeover offer from Albemarle at $3.00 per share.
Franked Dividends were then discussed, in particular BHP at 8.6% and Woodside at 9.94% which are very healthy returns from two major companies.
Qantas promoted general discussion, also the debacle of Snowy 2 blowout from $2 billion to $12 billion.
There were a couple changes in the monthly listing by 4 members.
Again thanks to Margaret and Les who ran the August meeting.
The next meeting of Investment will be on Monday 2nd October at 2.00pm in our U3A room No.1.
John Hanlon and Malcolm Sanders.
We had a look at stock graphs for MAD, MIN and ORE for the month and for the year they are are still positive and increasing. Many of our long term selections have decreased. Margaret J and Margaret W however are still leading with positive gains with XRF & NXT respectively. The share market has fluctuated this year and until or if, China resumes purchase of iron ore and grains our market will remain flat.
After the break we started this segment by again visiting short selling as we had the example of CXO – Core Lithium which was head of the list of the most shorted stocks, retreating from No 1 to No 13 on the list. This was the result of price drop when the company announced a share purchase plan at a low price to attract money for further development.
The ‘shorts’ had anticipated this and took their advantage to sell. The message is to consider the ‘short list’ before you buy. You can find a Shorts listing on web site “Market Index, Popular Pages, ASX short sale data”. https://www.marketindex.com.au/
The lithium market was then viewed, in particular LTR-Liontown which has received its 4th takeover offer from Albemarle at $3.00 per share.
Franked Dividends were then discussed, in particular BHP at 8.6% and Woodside at 9.94% which are very healthy returns from two major companies.
Qantas promoted general discussion, also the debacle of Snowy 2 blowout from $2 billion to $12 billion.
There were a couple changes in the monthly listing by 4 members.
Again thanks to Margaret and Les who ran the August meeting.
The next meeting of Investment will be on Monday 2nd October at 2.00pm in our U3A room No.1.
John Hanlon and Malcolm Sanders.
