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  1. #11
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by noodles View Post
    Just a reminder for those interested in coming along, it is tomorrow night.
    Non-members are most welcome.

    You will want to hear Mark Lister's view on the NZX. Very interesting.
    He's well worth listening too and I'd love to come along but I'm down at the SUM annual meeting and afterwards hanging out with Couta1, Iceman and others so getting the last flight home tomorrow evening.
    I'll do you a good trade though. If you share Mark Lister's thoughts the following day I'll let you know the good gossip on what Julian Cook has to say at the SUM meeting. Sound like a plan ?
    Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

  2. #12
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    Default Summary of Mark Lister presentation -NZSHA Auckland Meeting

    Quote Originally Posted by Roger View Post
    He's well worth listening too and I'd love to come along but I'm down at the SUM annual meeting and afterwards hanging out with Couta1, Iceman and others so getting the last flight home tomorrow evening.
    I'll do you a good trade though. If you share Mark Lister's thoughts the following day I'll let you know the good gossip on what Julian Cook has to say at the SUM meeting. Sound like a plan ?
    Mark Lister presented a good potted view of the world economy. No real surprises.
    NZ economy remains strong, continuing on from recent years, but interest rates and inflation are rising so net yields will be less.
    World politics: Trump 15% Tax Pack is positive, especially for US banks & US manufacturing. Country election that Craigs will watch carefully is Italy (this was a surprise to me) early next year as only 50% of popn. is pro Europe (presume the other half are not). NZ economy growing 2-3% (good) driven by migration. Noted, Of the 70k net migration figure, 20-40k ie half is kiwis not going to Aus, and staying in NZ.
    Currency: Growth + Stability + higher OCR = high $NZD, and don't expect to see it drop any time soon (barring financial shocks)
    What could go wrong:
    - Housing- up 69% in last 4 years, well above the trend line
    - High Household debt- Rental return in Auckland is 3%. Govt debt is 30% of GDP, which is ok. H/H debt is 160% of GDP, which is not ok.
    - NZ Election - Nats + NZF to rule !!!!???
    - Inflation rising but OCR going nowhere for now.
    -Long term interest rates rising
    - Aus Govt debt has doubled in the last 4 years - slowing the ASX.
    Where to from here for Craig's investment funds:
    NZ - taking profits
    Aus - cautious
    US - Positive
    UK - cautious
    Europe - neutral

    Question Time: Mark's reply to a question re NZX performance IMO let NZX off very lightly. However FBU got a caning with more or less a repeat of his analysis and thoughts expressed in his recent article ( in NBR I think).

    Asked to pick 5 good NZ stocks:
    EBO, MFT, FPH, AIA, RYM (again, no surprises!!!)

    After meeting discussion: On the spec side Craigs invest in Gentrack. Interested in PPH but not investing at this stage. Interested in Oceania but not investing due to small size and illiquidity relative to RYM.

    Mark is a very good presenter. I found him concise, informative and interesting.

  3. #13
    ShareTrader Legend Beagle's Avatar
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    Many thanks for sharing whome.

    Please see my comment in the SUM thread. Further to that I cannot think of any reason why RYM with its much slower growth rate should trade at such a substantial PE premium to SUM.
    Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

  4. #14
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    Jan 2013
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    Thinking about going to the Auckland meeting on the 21st of June, i'm not a member of the NZSA and wanted to know if I'm to attend do I need to register or just turn up on the night with my $5?

  5. #15
    Senior Member
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    Quote Originally Posted by ace5715 View Post
    Thinking about going to the Auckland meeting on the 21st of June, i'm not a member of the NZSA and wanted to know if I'm to attend do I need to register or just turn up on the night with my $5?
    Guests are welcome. You don't need to register. And yes, $5 charge.
    No advice here. Just banter. DYOR

  6. #16
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    Quote Originally Posted by noodles View Post
    Guests are welcome. You don't need to register. And yes, $5 charge.
    Thanks Noodles

  7. #17
    Senior Member
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    Just a reminder, the Auckland branch is hosting Grant Webster (THL) and Todd Hunter (TNR) tomorrow night.

    Details - 7.30 pm start (tea and coffee from 7pm)
    Alexandra Park, (please note there will be the usual $5 cover charge) Hobson Room, Level 4, Alexandra Park Functions Centre, Greenlane


    Non-members are most welcome. It is always a good chance to meet with fellow sharetrader members.
    Last edited by noodles; 20-06-2017 at 06:28 PM.
    No advice here. Just banter. DYOR

  8. #18
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    Jan 2013
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    Extra keen to go along tonight with THL releasing a profit announcement this morning.

  9. #19
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    Just a reminder, the Auckland branch is hosting Angela Buglass (TIL) and Dean Anderson (NZX) tonight. Dean will be talking about ETF's.

    Details - 7.30 pm start (tea and coffee from 7pm)
    Alexandra Park, (please note there will be the usual $5 cover charge) Hobson Room, Level 4, Alexandra Park Functions Centre, Greenlane


    Non-members are most welcome. It is always a good chance to meet with fellow sharetrader members.
    No advice here. Just banter. DYOR

  10. #20
    Senior Member
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    Nov 2012
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    Default Nov Meeting

    Just a reminder, the Auckland branch is hosting Steve Browming (GXH) and Geoff Ross (MOA) on Nov 15.

    Details - 7.30 pm start (tea and coffee from 7pm)
    Alexandra Park, (please note there will be the usual $5 cover charge) Hobson Room, Level 4, Alexandra Park Functions Centre, Greenlane

    Non-members are most welcome. As it is the last meeting of the year, there will be a free beer after the speakers.
    No advice here. Just banter. DYOR

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