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  1. #2791
    Speedy Az winner69's Avatar
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    Quote Originally Posted by couta1 View Post
    30k shares drops the price by 30c, trouble with an illiquid stock, Grahger not selling today though on the positive side.
    Illiquid stocks can go up just as fast ...even faster sometimes ....eh Couts
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #2792
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    Market volatility is hitting even the more stable companies. I'm in it for the long haul so not overly fussed with the recent few days performance.

    At this rate on the 17th I may look into a pseudo DRP / top up.

  3. #2793
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    Quote Originally Posted by dreamcatcher View Post
    WISE................ oldtech & Beagle for your PAST vision and eliminating capital loss now your choice is only FUTURE company direction
    I think somewhere in the low 40 cents per share this year for eps. Choose whatever PE you think is appropriate.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #2794
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    Quote Originally Posted by winner69 View Post
    Illiquid stocks can go up just as fast ...even faster sometimes ....eh Couts
    Sure can, looks overdone to me now.

  5. #2795
    Speedy Az winner69's Avatar
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    Grahger average buy price was $4.55. The ones they’ve sold average sell $5.37

    The 3.32 million they still had Friday average is $4.27 (including sells)

    Future?
    Last edited by winner69; 10-12-2018 at 02:08 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #2796
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    Quote Originally Posted by couta1 View Post
    30k shares drops the price by 30c, trouble with an illiquid stock, Grahger not selling today though on the positive side.
    Looking at the sell side, it looks like Grahger are still selling (There are a few large numbers in there). Time will tell as they still can sell 340k before their next SPH notice.

    But, yes agreed in the fact that this being an illiquid stock isn't helping today.

  7. #2797
    Speedy Az winner69's Avatar
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    I see Grahger ceased to be a shareholder in Lovisa a month or so ago

    McGinty — Maybe the facts have changed about retail in Australia and they quitting the sector altogether

    Who knows ....are they still in Specialty
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #2798
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    Quote Originally Posted by winner69 View Post
    I see Grahger ceased to be a shareholder in Lovisa a month or so ago

    McGinty — Maybe the facts have changed about retail in Australia and they quitting the sector altogether

    Who knows ....are they still in Specialty
    Doesn't look like they are from this years SFH Annual Report

  9. #2799
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    Quote Originally Posted by Beagle View Post
    I think somewhere in the low 40 cents per share this year for eps. Choose whatever PE you think is appropriate.

    So folks, suppose due to the temporarily lower currency, (now reverted back to the long term 68-73 cent range) they make 43 cps this year against 48 cps last year (normalised for sale of storm) What is the correct PE given they are still growing sales at circa 7% per annum, (normalised for sale of loss making storm brand) in this tougher retail environment, (which might last for a while or might not). Is a forward PE of about 12 fair (12 x 43 cps = $5.16) or are we a bit lower now given the overall negativism in the market. Maybe a PE of 11 = $4.73 ? is very good value even in this market considering they are still growing sales at a good rate in a very tough market unlike some companies. Selloff seems a little overdone but just like it was obviously overbought at $5.70 and went all the way to $6.30 maybe this still has legs to the downside even yet
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #2800
    Speedy Az winner69's Avatar
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    Even though they said they will provide a further trading update at the Company’s Annual General Meeting I doubt they will much more to what we know already

    We already have the sales growth to end of November and the challenging market bit so not much more to add is there unless they feel inclined to mention margins. Just have to wait until Feb before we really know what’s going on.

    Announcements are generally pretty brief at the best of times and share price not important to the Board anyway.

    A couple Directors getting their responses ready to answer the Shareholders Association calling them old fuddy duddys ...that’s quite funny
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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