ASX Shares What's looking cheap on the ASX in 2019?

Discussion in 'Shares & Funds' started by Alex Straker, 11th Jan, 2019.

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  1. RedHat

    RedHat Well-Known Member

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    What's everyone's view on AMP in current market situation? Im guessing it will go further down tomorrow once the intrim results are declared and perhaps bottom out?
     
  2. Fargo

    Fargo Well-Known Member

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    It is better to take a big drop and get big profits, it just dropped 30%. Losing $10 (4X your profit) from a $23 gain, cost you 9x the profit you took.. Why sell if nothing as changed with the soundness of the company and it is getting stronger,
     
  3. Tofubiscuit

    Tofubiscuit Well-Known Member

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    Interested with this round of capital raising, maybe it sets the floor on the price and upside in the long term.
     
  4. devank

    devank Well-Known Member

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    Would you buy CUV now given it was floating around $33 for a while?
     
  5. willair

    willair Well-Known Member Premium Member

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    I hope not just had a quick look at the loss % for the small holding i have in AMP and it's in the 41--45% loss..
    Then CBA's psychological treadmill --
    quote..
    A fully franked final dividend of $2.31 per share has been determined for the six months to 30 June 2019. This brings the full year dividend to $4.31 per share,

    Some people never get to feel satisfied by wealth just roll the dice and see where they land..imho..
     
  6. Tofubiscuit

    Tofubiscuit Well-Known Member

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    AMP will still have a relative strong Investment business and going in the future there will always be a demand for wealth management.

    Still turning a profit, this is a reset. May drop a quick $10K

    Love to hear people with contrary views though.
     
  7. CheckMate

    CheckMate Well-Known Member

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    Anyone follows NUH and knows why the share got smashed recently?
     
  8. jprops

    jprops Well-Known Member

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    Anyone interested in biotech? I've got RGS on my radar. I've been told the technology is impressive.
     
  9. devank

    devank Well-Known Member

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    AMP's Finance advice arm is going through a massive struggle.
     
  10. MikeyM

    MikeyM Well-Known Member

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    Running out of cash, poor sales, failed takeover bid, capital raise not taken up in full.
    Now they’re offloading mining investment to divest from business not related to core strategy (which is a good thing)
    It’s 50/50 whether it will be successful or fail completely.
    Most likely scenario is a takeover imo. Intellectual property is worth something!
     
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  11. Tofubiscuit

    Tofubiscuit Well-Known Member

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    Got some money in it as a speculative play (bought a bunch with my banking half year dividend), the whole ride seem like a smoke and mirror play but you never know
     
  12. Fargo

    Fargo Well-Known Member

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    I have considered it and it is probably a good buy. But waiting for an entry I have gone with SHL and some under followed, undervalued small medical companies before they get into the ASX 200. I bought SPL which co-incidently just to-day it was announced it has gotten good results from a clinical trial on improving efficacy of a drug for cancer treatment, MVP ( pain relief green whistle). ANO is what I went with for skin care, and another medical imaging company moonshoot with MT7. Bought up big on the mad panic on Tuesday and had 10 to 30% gains.
     
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  13. Fargo

    Fargo Well-Known Member

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    Poor sales and revenue I suppose
     
  14. Fargo

    Fargo Well-Known Member

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    Wealth management are a dime a dozen. Plenty of superior competitors
     
  15. Tofubiscuit

    Tofubiscuit Well-Known Member

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    True. Do you think there is merit to say that AMP brand still has legacy and with superannuation still growing, their AMP capital business will still maintain a sizable foothold at least in the Australian market?
     
  16. Intrigued_again

    Intrigued_again Well-Known Member

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    If you invested $200,000.00 in AMP in April 99, it would have been worth $82,300.00 without re investing the dividends but you would have received $123,000.00 of dividend payments and with
    reinvesting them $234,400.00, this is back in September 2017, before the drama's.
    And today is worth $29,500.00 without reinvestment and $93,000.00 with reinvestment.
     
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  17. Tofubiscuit

    Tofubiscuit Well-Known Member

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    Very good point
     
  18. willair

    willair Well-Known Member Premium Member

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    Would it be possible to do the same with BHP --CBA over the same timeframe-- and that is the problem with anchoring oneself on a single number on a screen and the numbers they are anchored to..i have fallen into this trap a few times ..

    Quote..
    Today we have also announced that we will raise capital through an institutional placement and a separate retail share purchase plan (SPP). Shareholders who are resident in Australia and New Zealand will have the opportunity to participate in the SPP purchasing up to A$15,000 of new shares. The offer will open on Friday 16 August and close on Thursday 5 September. Eligible shareholders will receive further details by email or post in the coming days. Information will also be available on our offer website ampspp.com.au

    XXXIMHOXXX
     
    Last edited: 9th Aug, 2019
  19. Fargo

    Fargo Well-Known Member

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    I got 144 AMP shares pre listing basicly for free and they still cost me a lot of money worth $1000 on float 1998, with DRP they had grown to 185 when I bought another 269 0n 28/.12/01 @ 17.80. so 20001 =$ $4,800. With DRP I had 850 sold 2017 @ 4.60 = 3,970. With DRP in companies like this even the dividend shrink as the share price shrinks those $ 17.80 worth of dividend paid in 2001 is only worth $2.00 dollars to-day At about the same time I put about $1k each into 3 other companies after about 3 years they were worth about 12k and after that 100k each.
     
  20. Fargo

    Fargo Well-Known Member

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    To answer your question for wealth management I think new companies with new mindset that use new technology for competitive advantages are a preferred option if I was putting 10k into wealth management for a multibag return I would give top weighting to NWL then HUB and taking a risk with $2k on PPS which could prove way more lucrative than $10k on AMP and I think less risky. Dinosaurs became extinct because they couldnt adapt.
     
    Froxy likes this.

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