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A strong start to the new financial year. With record highs in the US it will be interesting to see how things progress over the next few months. Following the reporting season we face the September/October risk of volatility and price falls. Nevertheless I am happy with my portfolio position with an overweight position in Financials and no exposure to resource stocks.
I have increased my holdings in Programmed Maintenance after recent profit warning. Broker analysis remains positive with a projected EBITDA of $100m for 2017 somewhat below prior guidance.
I am disappointed in BOQ and will exit this trade with a small profit and I expect the price to fall significantly ex div. I will look to buy back below $10.
|Date||Rating||Recommendation||Target Price||% to Reach Target|
|Deutsche Bank||07/10/2016||- 1.3%|
Source: FNArena ( recommended website for those wanting to stay informed )
Added ANZ bank to my portfolio, I have accumulated ANZ shares at levels below $25 and now hold a significant percentage of my portfolio in financials.
NAB has fallen behind ANZ in price. A risk of disappointment on revenue growth in the second half is affecting NAB despite higher dividend yield than ANZ.
I capitulated and sold my BHP holdings on the rebound above $17.
Speculative buy: proving to be a good income producer.
A sound investment. I had sold my holdings @ $2,61. I bought back in @ $2.16. Sold half my holdings @ $2.70 with a view to buy back below $2.50. I have now bought back and increased my holdings below $2.45
I exited TLS Ex Div @ $5.72 for a sound return Bought back in @ $5.30. Sold ex div $5.40. I continue to monitor TLS with a view to buy below $4.70.
I have bought into VIT on weakness in price. Takeover bid $2.25 has created a solid gain on this investment,
The two lines on these charts are linear regression moving averages. The short term line covers 21 periods and the medium term line covers 60 periods. I look for stocks to have an up bias in both the averages as well as last price above both averages.
My holdings are geared by a margin Loan to 46% The loan is not negative geared as dividends are at least 200% of the interest charges. As a professional share trader I do not claim the capital gains concession. All shares are held as trading stock and marked to market and tax is paid each financial year on any and all trading profits.