ASX Shares What's looking cheap on the ASX?

The way TPM shares are falling (down 4%+ today below $8) won't be long for SOL price to drop to reflect drop in NAV.

Cheers
Oracle.

 

Yea it's crazy, how the TPM SP could fall so sharply! I think it will turn out to be equivalent to TLS which SP is around 5 bucks or may be less than that.

 

Yeah, I had to average down this morning. Bought more at 7.96. Not really prepared to chase it much further..

5 bucks? ouch..

Down 30%, are TPG Telecom Ltd shares a buy?

 

Could the managers of SOL got it this wrong? They have a big stake in TPM and these are the pros.

 

MLT gives me all the exposure to SOL I need. MLT and BKI give more than enough exposure to TPM. Less concentration risk than SOL alone. They're all Millner related entities. I choose the most diversified options to reduce risk.

I know I can't help myself in looking for any opportunity to mention LICs.

 

What wrong? I see Rob Millner bought 100,000 shares at 862 the other day.

Obviously the market has a view, but the market is made up of a lot of disparate players with very different motivations. The market does what it does...TPM was bloody expensive, now not so much.
SOL are long term investors, the TPM story has a long way to go....

However, SOL is definitely not good value at current levels imo.

 

Is it because TPM has fallen 30% and it is not reflected on SOL's SP?

Thanks.

 

I was asking the question because I doubt SOL have it wrong given their history and stake in TPM, and therefore TPM is probably a good buy.

 

I just bought into an IPO which lists on the 7th October - 'Powerhouse'.

Prospectus reads well and has a good track record so I am interested to see how things go. Other than that I have been out of the stock market since 2007 so am excited to get back into it

 

Here are some comments on Powerhouse from our kiwi brothers

Powerhouse Ventures - IPO - take 2?

The thing to bear in mind with a lot of these models is they are really just a means to feather the managements nest, shareholders don't do as well as they do. Personally I now avoid all ipo until the business has a 4-5 year listed history. Most ipos
these days are complete rubbish that is tarted up by PE types and advisers to look like something it isn't. It's very easy to bugger around with the accounts and expenditure in the short term, but within 4 years or so all the chickens come home to roost and you can see what you are really dealing with.

The exception to this is that I will look at the few privatisations that come to market, much cleaner books and none of the manipulation.

Anyway, just random thoughts, it may be a good one.

 

Had a collegue suggest looking into Cash Converters (CCV)
- currently trading @ $0.34
- down from high of $1.46 in 2013
- recent issues with ASIC etc which are behind
- new product being launched shortly
- yield ~9%

Thoughts from those with a bit more knowledge in the area?
@The Falcon @austing and others...

 

Smartgroup ASX:SIQ was an IPO at the end of 2014 at $1.50, now $7..

 

Better to avoid. Their dividends is forecast to drop nearly 50% from 3c to 2.1c next FY.

If you after high yield stock you might want to look at Mortgage Choice (MOC). Their dividends >8% fully franked on todays closing price. They have good history of dividend payments. There was a drop in dividends during GFC but have recovered and are higher now than prior to GFC.

Cheers,
Oracle.

 

Didn't say they can't go up....DSH, SPO, EHE, AHY, GFY, MGC.....are the other side of that coin and just recent examples. The question each investor must ask is what is real motivation for the float? Not what management says....of course there are some good ones, but run the ruler very carefully.

 

Haven't had a look at ccv.

Broadly in that space take a look at TGA perhaps. These businesses are subject to significant regulatory risk typically, so you need to understand that.

 

TLS at 5 bucks today.. anyone else buy in?

 

ASX has broken 5430.
http://switzer.com.au/the-experts/michael-mccarthy/is-the-share-market-ready-to-surge/

Doesn't feel like it is going anywhere. But then again, am only on my L-plates here, so, I wonder what other people's thoughts are?

 

Why is TPM a good buy considering the low yield? And the potential profit challenges over the coming years from the NBN program.

I understand potential capital gains, but how about dividend growth?

 

The div has increased x4 in about 5 years. Many have faith that excellent management will over come the challenges and divs will continue to rise.

I don't look at individual stocks anymore so I might be way off

 

Do you see mortgage broking industry safe generally ? I see Australia going the NZ way and mortgage broking industry shrinking as profit margins drop.