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21-06-2018, 06:11 PM
#10831
Originally Posted by percy
A comparable chart with ANZ.NZ,or WBC.NZ shows HBL is still suffering the rub off from The Australian banks,yet does not face their issues..
Correlation of a different kind then
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
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21-06-2018, 06:16 PM
#10832
Originally Posted by Beagle
Correlation of a different kind then
You can choose whatever correlation you want.
Just a matter of finding one that works for you...!!!....lol.
I know which one works for me.
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21-06-2018, 06:25 PM
#10833
Originally Posted by percy
A comparable chart with ANZ.NZ,or WBC.NZ shows HBL is still suffering the rub off from The Australian banks,yet does not face their issues..
Interesting 6 month comparisons
HBL done worse than ANZ and WBC
Must have different issues than those Aussie banks
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-06-2018, 06:28 PM
#10834
Originally Posted by percy
You can choose whatever correlation you want.
Just a matter of finding one that works for you...!!!....lol.
I know which one works for me.
Averaging down on fairly priced shares normally works well for me, I reckon I've got enough of these, but then again I could be wrong and may need more.
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21-06-2018, 06:37 PM
#10835
Originally Posted by winner69
Interesting 6 month comparisons
HBL done worse than ANZ and WBC
Must have different issues than those Aussie banks
Maybe I have a longer horizon.?
Try it over a year.
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21-06-2018, 06:45 PM
#10836
Originally Posted by couta1
Averaging down on fairly priced shares normally works well for me, I reckon I've got enough of these, but then again I could be wrong and may need more.
I have been spending a great deal of time looking for homes, for the proceeds from the sale of our previous house.
Not easy.Still a work in progress.
Dare not add to our HBL or TRA holdings.TRA is the only share on the NZ market I can find where the PE ratio is lower than their growth rate.
So far MEL and GNE look suspects because of their yields.Other possibilities are AIR,OCA,and SPK.
Companies must be paying a reasonable dive, and have the capacity to increase it.
Last edited by percy; 21-06-2018 at 06:49 PM.
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21-06-2018, 06:57 PM
#10837
Originally Posted by percy
I have been spending a great deal of time looking for homes, for the proceeds from the sale of our previous house.
Not easy.Still a work in progress.
Dare not add to our HBL or TRA holdings.TRA is the only share on the NZ market I can find where the PE ratio is lower than their growth rate.
So far MEL and GNE look suspects because of their yields.Other possibilities are AIR,OCA,and SPK.
Companies must be paying a reasonable dive, and have the capacity to increase it.
All those companies would meet your requirements at the right buy price, the market is running pretty hot right now though so I'd be looking for cheaper entry prices for 3 of the above mentioned.
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21-06-2018, 07:04 PM
#10838
Originally Posted by couta1
All those companies would meet your requirements at the right buy price, the market is running pretty hot right now though so I'd be looking for cheaper entry prices for 3 of the above mentioned.
Agreed.Bit hard sitting on the sidelines while the market runs hot.!
What ever happened to "Sell in May and go away"????????
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21-06-2018, 07:13 PM
#10839
Well HBL is trying my patience. Great day on the maket today with my portfolio now sitting on a 28% increase for the year. That includes the 9.7% loss I am carrying on HBL - my only loss maker. So its not only the HBL loss I am suffering - its also the opportunity cost. Oh well. Only 4 more cents to fall off and my stop loss is triggered
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21-06-2018, 07:20 PM
#10840
Originally Posted by minimoke
Well HBL is trying my patience. Great day on the maket today with my portfolio now sitting on a 28% increase for the year. That includes the 9.7% loss I am carrying on HBL - my only loss maker. So its not only the HBL loss I am suffering - its also the opportunity cost. Oh well. Only 4 more cents to fall off and my stop loss is triggered
That is a great increase for the year.Well done.
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