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29-08-2018, 02:22 PM
#2511
Originally Posted by freddagg
It was 5 years ago that you got burned. Let it go.
HaHa I collected a 20k divvy off the stock last Sept as a divvy strip when it was at $3.90. Your barking up the wrong tree here Freddy boy, I would suggest that those that think the current price is anywhere near fair value after the latest result may need to visit specsavers.
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04-09-2018, 02:26 PM
#2512
Another day in paradise. Will be interesting to see whether it can hold up ok XD.
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04-09-2018, 04:00 PM
#2513
Originally Posted by Bobdn
Another day in paradise. Will be interesting to see whether it can hold up ok XD.
Enjoy the insanity while it lasts.PS-Whats a 13c divvy when the stock is nearly $1 over fair value.
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04-09-2018, 07:10 PM
#2514
Originally Posted by couta1
Enjoy the insanity while it lasts.PS-Whats a 13c divvy when the stock is nearly $1 over fair value.
I don't know what fair value is but this Morningstar analyst would agree with you, he sees fair value at $3.90. His note came out on 2 July when the price was $4.20 (the price is $4.72 today)
https://www.nzherald.co.nz/business/...ectid=12082306
It's really really hard to work out fair value for a company. That's why most of us (certainly me) should be in low cost index funds. I get around this a little by not having all my eggs in one basket (a lesson I learned after the troubles in 2013). I like individual shares because of the dopamine hit I get when they go up,the same feeling I use to get when i played video games or got a win on the pokies. I actually left the pokies behind in 2008 and cross addicted into the share market. The timing couldn't have been better. I've reached a point now where the daily checking of shares has become a bit of a pain. I bet I'm not the only one who feels that way.
In the meantime, my Chorus shares deliver me a 9 per cent net dividend return and the dividends increase 5 per cent every year. But one day I'll sell and stick the proceeds in a Superlife 60/40 fund
Last edited by Bobdn; 04-09-2018 at 07:21 PM.
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04-09-2018, 07:53 PM
#2515
HaHa, love your post Bobdn, I swapped a few previous addictions for the sharemarket and so far no therapy has helped. PS-With your buy in price of CNU, you are well positioned.
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04-09-2018, 07:56 PM
#2516
Member
Originally Posted by Bobdn
I don't know what fair value is but this Morningstar analyst would agree with you, he sees fair value at $3.90. His note came out on 2 July when the price was $4.20 (the price is $4.72 today)
Craigs were at about $3.90 but end of Aug they upgraded to $4.35 in the anticipation of earnings growth.
I would like more but certainly not at $4.35.
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04-09-2018, 08:04 PM
#2517
Originally Posted by freddagg
Craigs were at about $3.90 but end of Aug they upgraded to $4.35 in the anticipation of earnings growth.
I would like more but certainly not at $4.35.
Yeah, kind of wish I was back in the DRP to get some more with that juicy discount but I need the cash now. DRPs make everything less stressful, one almost wishes that the share price tanks a little.
Last edited by Bobdn; 04-09-2018 at 08:06 PM.
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07-09-2018, 10:34 AM
#2518
It was too much for me and I sold 4000 shares yesterday for 4.855 (I think yesterday's 4.86 was an all time high) which is paying for a big trip to Europe next year. I have just 21,000 Chorus shares left now. The most I ever owned was 56,000. I've also signed up for the DRP again, because I felt dirty selling my shares which is insane I know. Shares are bought to be sold, unless you're Buffett and Cocoa-Cola.
Many years ago, 2011, Chorus was tipped to get to $5.
https://www.nzherald.co.nz/business/...ectid=10767510
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19-09-2018, 03:26 PM
#2519
Originally Posted by Bobdn
It was too much for me and I sold 4000 shares yesterday for 4.855 (I think yesterday's 4.86 was an all time high) which is paying for a big trip to Europe next year. I have just 21,000 Chorus shares left now. The most I ever owned was 56,000. I've also signed up for the DRP again, because I felt dirty selling my shares which is insane I know. Shares are bought to be sold, unless you're Buffett and Cocoa-Cola.
Many years ago, 2011, Chorus was tipped to get to $5.
https://www.nzherald.co.nz/business/...ectid=10767510
HaHa just hit $5.04, on a PE of 25 and no growth this has to be the finest example of an irrational market currently on the NZX, SPK also starting to look a bit that way also at current price.
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19-09-2018, 03:29 PM
#2520
Well, as I think Fred reminded me once, I said I would sell if it hit $5. However if I sell, it will go up to $6, so I'll keep my 21,700 shares and drag the price back down.
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