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  1. #751
    percy
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    Quote Originally Posted by percy View Post
    Get ready for the big price fall,as I brought in yesterday at $2.19.!!
    Above posted a week ago.
    Well that did not happen.?
    Big surprise?
    Share price today $2.44.

  2. #752
    Aspiring to be an Awesome Bear
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    Quote Originally Posted by percy View Post
    Above posted a week ago.
    Well that did not happen.?
    Big surprise?
    Share price today $2.44.
    Well done Percy, I think that means you are well positioned!

  3. #753
    percy
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    Quote Originally Posted by RupertBear View Post
    Well done Percy, I think that means you are well positioned!
    You are onto it....lol

  4. #754
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    Above posted a week ago.
    Well that did not happen.?
    Big surprise?
    Share price today $2.44.
    I’ve told the neighbour to stop asking for the next big thing.

    I just said to him to get his bowling mates to follow what a guy called percy does on Sharetrader.co.nz

    He showed me his phone and sure enough sharetrader.co.nz is on his favourites bar.

    Hope he now leaves me in peace about ‘investing’ but I fear that means he’ll rave on about Jacinda more.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #755
    percy
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    Quote Originally Posted by winner69 View Post
    I’ve told the neighbour to stop asking for the next big thing.

    I just said to him to get his bowling mates to follow what a guy called percy does on Sharetrader.co.nz

    He showed me his phone and sure enough sharetrader.co.nz is on his favourites bar.

    Hope he now leaves me in peace about ‘investing’ but I fear that means he’ll rave on about Jacinda more.
    When he tells you,you were right,Percy is a guru,then worry.!...lol.
    Last edited by percy; 09-05-2019 at 05:15 PM.

  6. #756
    Senior Member
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    Sep 2001
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    Wellington, , New Zealand.
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    626

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    Quote Originally Posted by winner69 View Post
    I’ve told the neighbour to stop asking for the next big thing.

    I just said to him to get his bowling mates to follow what a guy called percy does on Sharetrader.co.nz

    He showed me his phone and sure enough sharetrader.co.nz is on his favourites bar.

    Hope he now leaves me in peace about ‘investing’ but I fear that means he’ll rave on about Jacinda more.
    Are you ready for the possibility of them saying "Great advice, I just made 20% in the last 6 months. How much did you make?"
    Last edited by Scrunch; 10-05-2019 at 07:42 AM.

  7. #757
    Member
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    Oct 2017
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    Wellington
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    Quote Originally Posted by percy View Post
    A few reasons.
    The company seems to be well focussed.
    Adding good bolt on acquistions.
    I like the chair.Funny same chair as the company I sold to buy SKL,OCA,.Liz Coutts.
    The pick up in the Australian mining sector should benefit SKL.
    Little debt.
    Growing dividend.FY 18...11cps......FY 19...13cps......FY 20....14cps....[according to Craigs]
    Revenue mainly offshore, which is positive should the NZ low interest rate enviroment lead to a lower NZ $.
    Percy, do you look at the basic TA to decide when to buy or what price are you willing to pay for it?. I remember a few years ago there was an article I think in NBR stating that SKL was a kind of forgotten company by the market (as I can't remember maybe I'm wrong). Since then was in my watch list but I never progressed with reading more about it. So I ask you this because following the recommendations from KW post about using TA right now looks, even better when you bought it, however now looks at the highest peak in the last 5 years.

  8. #758
    percy
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    TA is a helpful tool,however I used FA to decide to buy SKL.Was pleased when I did look at their chart and saw my timing was pretty lucky.
    SKL I have owned previously.
    They had a habit of over promising .
    SKL has remained on my watch list.So I know the company reasonably well.Impressed Lizz Coutts is chair.The announcements over the past year or more told me the company is in good shape,focussed and carrying little debt,and has the capacity to pay increasing dividends.
    SUM agm gave me a big wake up call.My thinking that the property market had little affect on the retirement sector was wrong.So I sold my total holding in OCA.So I had money to sit on or invest.
    I went back to SKL. Their earnings are mostly overseas.Therefore the low interest rates in NZ meaning a lower NZ $ would work in SKL's favour.
    Price under $2.20 did not look too dear, as I saw their PE ratio was 14.5 and I expected their eps growth rate would work out between 10% and 18%.
    PE ratio today is 16.13 at sp $2.42,so still reasonable value considering all the above points.

  9. #759
    Senior Member
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    Pourquoi?
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    Quote Originally Posted by percy View Post
    TA is a helpful tool,however I used FA to decide to buy SKL.Was pleased when I did look at their chart and saw my timing was pretty lucky.
    SKL I have owned previously.
    They had a habit of over promising .
    SKL has remained on my watch list.So I know the company reasonably well.Impressed Lizz Coutts is chair.The announcements over the past year or more told me the company is in good shape,focussed and carrying little debt,and has the capacity to pay increasing dividends.
    SUM agm gave me a big wake up call.My thinking that the property market had little affect on the retirement sector was wrong.So I sold my total holding in OCA.So I had money to sit on or invest.
    I went back to SKL. Their earnings are mostly overseas.Therefore the low interest rates in NZ meaning a lower NZ $ would work in SKL's favour.
    Price under $2.20 did not look too dear, as I saw their PE ratio was 14.5 and I expected their eps growth rate would work out between 10% and 18%.
    PE ratio today is 16.13 at sp $2.42,so still reasonable value considering all the above points.
    Lets not get ahead of ourselves here. Its all about context. I had a few in 2012 bought for 1.55. If I had sold @2.42 it would of been a CAGR of 7.2% hardly interesting. Maybe overall a CAGR 10% incl divs. My actual exit position was 2.18 in February for CAGR 5.65%. Glad I sold there's much more exciting stuff. Made 50% on APT in 3 months...

    Its all about timing not back slapping for a small gain this year. Remember to DYOR on why the SP is rising, will this continue due to an amazing market opportunity or is it a basic revaluation? Based on their past history I am favouring the latter.
    Last edited by Schrodinger; 10-05-2019 at 12:00 PM.

  10. #760
    Member
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    Oct 2017
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    Wellington
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    Quote Originally Posted by percy View Post
    TA is a helpful tool,however I used FA to decide to buy SKL.Was pleased when I did look at their chart and saw my timing was pretty lucky.
    SKL I have owned previously.
    They had a habit of over promising .
    SKL has remained on my watch list.So I know the company reasonably well.Impressed Lizz Coutts is chair.The announcements over the past year or more told me the company is in good shape,focussed and carrying little debt,and has the capacity to pay increasing dividends.
    SUM agm gave me a big wake up call.My thinking that the property market had little affect on the retirement sector was wrong.So I sold my total holding in OCA.So I had money to sit on or invest.
    I went back to SKL. Their earnings are mostly overseas.Therefore the low interest rates in NZ meaning a lower NZ $ would work in SKL's favour.
    Price under $2.20 did not look too dear, as I saw their PE ratio was 14.5 and I expected their eps growth rate would work out between 10% and 18%.
    PE ratio today is 16.13 at sp $2.42,so still reasonable value considering all the above points.
    Thanks Percy, I understand better now.

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