CNU - Chorus

[couta1]

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.

[Bobdn]

Another day in paradise. Will be interesting to see whether it can hold up ok XD.

[couta1]

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.

[Bobdn]

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

[couta1]

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.

[freddagg]

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.

[Bobdn]

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.

[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

[couta1]

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.

[Bobdn]

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.