At our first meeting we looked at some Gold shares and ETF’s as the gold price had recently been at an all- time high due to International tensions. We also commented on the fact that at one stage during this period the top five traded shares on CommSec had all been pay later companies, which was a different picture for the market than previously.
August is the Reporting Season and in our second session we looked at the results reported by several companies. The trend in several of these was to pay a decreased dividend. However, in other cases very good results had been tabled which were encouraging for shareholders.
These Zoom meetings provide an opportunity for all participants to exchange information, which is an excellent outcome.
The next Zoom Investment meeting will be on Friday 4th September at 2pm. An invitation will be sent out the previous day.