ASX Shares What's looking cheap on the ASX in 2020?

Discussion in 'Shares & Funds' started by # 1, 28th Jan, 2020.

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  1. # 1

    # 1 Well-Known Member

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    Last edited by a moderator: 28th Feb, 2020
  2. willair

    willair Well-Known Member Premium Member

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    Have a look at the chart for ''CSL'' in Aug 2011 up too 10 minutes ago..
     
  3. Momentum

    Momentum Well-Known Member

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    Anyone buying today? I'm sure this corona virus thing will blow over soon. I'm looking at WES and VAS. I don't really like LICs but are any of the good ones trading below NTA with the current correction?
     
  4. Synergy

    Synergy Well-Known Member

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    waiting to see if certain tickers drop under blueprints buy price like COF, SOL etc
     
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  5. Brady

    Brady Well-Known Member

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    Also looking at VAS for simplicity
     
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  6. Redwing

    Redwing Well-Known Member

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    WZR dropped markedly since Feb 13th

    upload_2020-2-28_7-44-52.png
     
  7. Phar Lap

    Phar Lap Well-Known Member

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    What's looking cheap on the ASX in 2020?
    My reply would be:
    Everything!
     
    Last edited by a moderator: 28th Feb, 2020
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  8. Pier1

    Pier1 Well-Known Member

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    Nothing, nada, not a thing
    Just checked the XJO chart
    We are still 800 points above the price on 4 Jan 2019
    What’s that, 12+% to go, just to get back to the price of over a year ago
    Sure things are cheaper to buy this month compared to last month
    But certainly not cheap
    If we blow through and tag that price from Jan 2019 I may consider buying more than the regular
     
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  9. Trainee

    Trainee Well-Known Member

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    For VAS for example. Now $80, high of $90. Current asx pe is about 28. In late 2018 (previous downturn) pe was 23.

    so VAS would have to be $65 to be where it was just in late 2018. And thats not counting the likely earnings dip.
     
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  10. Big A

    Big A Well-Known Member

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    Let’s keep in mind that the price in early jan 19 was after a significant market drop. I’m all for blowing through the late 2018 low but I don’t see it going lower than dec 2018 mark.
     
  11. Big A

    Big A Well-Known Member

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    That doesn’t sound right. It’s not that high is it?
     
  12. Trainee

    Trainee Well-Known Member

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    Sorry seem to be picking up the wrong stats here.
     
  13. cberg86

    cberg86 Active Member

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    It was low-mid 20’s at the end of Jan, it will be lower now after this week. Maybe 20. I’ll post a link once the data gets updated.
     
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  14. Never giveup

    Never giveup Well-Known Member

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    All I see a ocean of Red however VAS started to go up
     
  15. Brady

    Brady Well-Known Member

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    Still below open
     
  16. Big A

    Big A Well-Known Member

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    Looking at the Vanguard website it shows VAS P/E at 19.19 as of 31st of Jan. So I would assume it somewhere around 18 or slightly lower right now.
     
  17. skater

    skater Well-Known Member

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    What's looking cheap on the ASX in 2020? Just about everything at the moment.
     
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  18. Redwing

    Redwing Well-Known Member

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    18.46 at $81.30 link
     
  19. Big A

    Big A Well-Known Member

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    Thank you sir. At 18.46 p/e even after the recent drop it’s hard to say that the current market is cheap. I don’t expect in the current low rate environment to have the historical average of 15. But at over 18 I think it’s still a little high. A little lower and I feel that would be fair value.
     
  20. Redwing

    Redwing Well-Known Member

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    Only to generate discussion on PE and CAPE

    Doesn't the PE ratio only measure current stock prices in comparison to the previous 12 months business earnings.

    Whereas the CAPE ratio measure uses earnings per share (EPS) over a 10-year period to smooth out fluctuations in corporate profits that occur over different periods of a business cycle

    Is CAPE a better indicator or just tomato/tomatoe?


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