Our December meeting opened to the tune of Kenny Rogers video singing “The Gambler“
“You'd better count your money
When your sittin’ at the table
There'll time enough for countin’
When the deal is done"!
When your sittin’ at the table
There'll time enough for countin’
When the deal is done"!
The month of December has again not been good, with very few rises and a lot of red on our selections sheet. While Lithium has been centre of our discussions for many months, I hope 2024 we can look across all eleven sectors in detail. Our Bendigo Invest Direct Watchlist for the 11 months is negative 12%. This is reflected in the market overall.
Les put together the history of batteries from the lead acid to Nickel Cadmium to Lithium types in a very good Power Point presentation. Lithium will remain the best storage solution in the near future although there are several other types being developed but technical problems are impediments.
Les put together the history of batteries from the lead acid to Nickel Cadmium to Lithium types in a very good Power Point presentation. Lithium will remain the best storage solution in the near future although there are several other types being developed but technical problems are impediments.
Les received a jar of Vegemite for his assistance during the year and today’s presentation.
Our long-term stock winner was Margaret J with her XRF selection that gained 28% for the year and the customary home-made jar of jam was handed out. Margaret W came a close second with her selection of NXT that gained 26%. Well done.
Afternoon tea was a long break and we enjoyed a slice of fruit cake from the local supermarket.
After the break – We looked at the implication of the dramatic fall in Lithium prices and the importance of the cost of production. Investors who take note of the Short Sellers list were forewarned of the downturn in lithium companies. We then viewed the eight companies who gained over 50% in the ASX200 and the two companies who lost 50%.
The volatility of the market of the past 12 months was evident in the charts of CBA and BHP.
The final results of our selection charts demonstrated a difficult year for stock pickers.
Our short term stock winner was Neville with his selection of IND (INDUSTRIAL MINERALS LTD ) that rose with profit of $9,105. Neville also received a jar of jam.
On a final note, thank you to all for your participation in 2023 and our best wishes for a safe and happy Christmas and New Year. A short reminder that Registration for U3A Enrolment in 2024 is Wednesday 10 January 9.30am and our first meeting of “Australian Shares and Stock Market” will be Monday 5th February 2024.
John Hanlon & Malcolm Sanders
Afternoon tea was a long break and we enjoyed a slice of fruit cake from the local supermarket.
After the break – We looked at the implication of the dramatic fall in Lithium prices and the importance of the cost of production. Investors who take note of the Short Sellers list were forewarned of the downturn in lithium companies. We then viewed the eight companies who gained over 50% in the ASX200 and the two companies who lost 50%.
The volatility of the market of the past 12 months was evident in the charts of CBA and BHP.
The final results of our selection charts demonstrated a difficult year for stock pickers.
Our short term stock winner was Neville with his selection of IND (INDUSTRIAL MINERALS LTD ) that rose with profit of $9,105. Neville also received a jar of jam.
On a final note, thank you to all for your participation in 2023 and our best wishes for a safe and happy Christmas and New Year. A short reminder that Registration for U3A Enrolment in 2024 is Wednesday 10 January 9.30am and our first meeting of “Australian Shares and Stock Market” will be Monday 5th February 2024.
John Hanlon & Malcolm Sanders
