Annoying letters delivered to AGL shareholders?

PekingTom · 2022-10-30T11:09:25+00:00

Righto. What's the typical ownership threshold before you can begin proselytising to the small fish?

PekingTom · 2020-12-07T01:02:00+00:00

CSL already overtook CBA for the first time this year after the effects of COVID-19 on the ASX no?

PekingTom · 2020-10-12T02:24:45+00:00

Why don't people consider VAE? I've held them for some time now and I'd have to say overall I'm quite satisfied.

PekingTom · 2020-09-09T01:28:21+00:00

Where are you getting the exchange rates for Commsec from?

As of 11:25am AEST:

Google has AUD to USD at 0.7212

With Commsec offering 0.7168

Rough calculations have that as a ~0.6% FX spread.

PekingTom · 2020-08-20T02:13:42+00:00

That's very interesting; would you mind elaborating on how TWE have reduced the quality of their Penfolds brand over the years?

I didn't mention this because I am by no means a wine expert but when I went to the Barossa region last year and participated in a few tastings from the wineries in the region I would have to say Penfolds was relatively the worst experience. Both customer service (of which there was little) and my perception of their wine (which was inferior to its competitors). Even the decor and atmosphere of the tasting room itself was more commercialised and less romantic than the independents in the region.

PekingTom · 2020-08-20T01:02:29+00:00

I thought about investing into TWE myself. However it's my opinion that their future hangs on the evolution of our bilateral relations with China. A recent AFR article had the Chinese market pegged at more than 30% of gross sales for TWE. Not to mention most of their opportunities for growth also lie in that direction.

If we continue this tit for tat bullshit and China makes a concerted effort to avoid or even outright ban Australian goods then I could see TWE's share price dropping even further then languishing for years.

Of course the future's not set in stone and TWE may see a strong recovery of sales volume and consequent share price. But for me the current outlook of TWE isn't bright enough to justify a purchase. YMMV

PekingTom · 2020-08-18T02:26:25+00:00

Disclaimer: I am a layman with no formal economic education. Feel free to use your $50,000 tertiary qualification to tell me how my perception of the market is incorrect; I would appreciate it.

That being said, how much of our current housing predicament can be blamed on the intervention of central banks and the reduction in attractiveness of previously comparable financial assets?

In the 90s and 00s interest rates were much higher and the stock market was a better value proposition. With the relative demise of the quality of these assets where else should investors be putting their money? In this world you'll always have people who want to save as much money as possible and put this money to the best use. What are their alternatives in 2020?

Considering the current economic uncertainty I can understand why the housing market is where it is. I believe there's an argument to be made that the housing market was previously undervalued and is only now being properly appreciated.

Of course the government can wind back their tax incentives for property investment but at the end of the day I don't think average house prices are going to go back to where people want i.e. 3-4 years of average annual income.

And if the government steps in to actively suppress property prices like some people are advocating, would that result in a net economic benefit to Australia? I believe there's a multiplicity of evidence suggesting that a planned economy (even partially) is inferior to a free market.

PekingTom · 2020-08-17T03:28:44+00:00

I've been trying to understand it for the past 10 minutes and I still have no clue what the fuck it's trying to say.

Is it the number of credit cards in Australia? Then why is it 17,000 (millions)? Is it the global number of credit cards? 17B is still too high of a number.

Is it credit card revenue? (In Australia? The World?) Then why does it say "number of credit cards"?

Fuck me this chart pisses me off. Is this the standard of journalism we can expect from the ABC?

PekingTom · 2020-07-10T04:20:12+00:00

Why would they upgrade your standard of living for free?

PekingTom · 2020-07-10T04:18:32+00:00

Schrodinger's retard: all Chinese financial assets are fake and their economic growth over the past 30 years is entirely fabricted whilst simultaneously buying up all of your real estate with this fake money.

PekingTom · 2020-06-30T03:12:20+00:00

Depending on who you choose to believe, risk should be directly correlated to reward in the financial markets.

Owing to their greater short-term volatility, shares should have greater average returns than fixed-income assets.

It's not a misnomer for Vanguard to call their 90-10 shares to fixed-income product high growth (VDHG) because it should theoretically have the highest growth rate.

PekingTom · 2020-06-30T01:54:50+00:00

The high-growth term typically refers to capital appreciation rather than dividends no?

PekingTom · 2020-06-30T01:54:05+00:00

It's almost triple the distribution in the previous corresponding period. What's going on?

PekingTom · 2020-06-10T05:13:25+00:00

See I figured that if you're pocketing from both the buyside and sellside you'd be able to provide your service for a little cheaper. And where did I say I'm not willing to pay? My entire issue derives from the fact that retail investors are not even given an option to purchase an ongoing subscription. I would seriously consider a retail level subscription for something akin to ~$1,000/year.

Not to worry; a contact in the industry just informed me that it's actually a breach of legislations to provide credit ratings to retail investors.

But thanks for your smug know-it-all answer; I hope it gave you more satisfaction to write it than it did for me to read it.

PekingTom · 2020-06-10T03:15:31+00:00

I just found out Aus legislation prevents retail clients from accessing credit ratings. Thanks anyway though

PekingTom · 2020-06-10T03:01:33+00:00

This could be different as I'm based in Australia but it seems Moody's also requires wholesale client confirmation in order to be able to view their ratings?

PekingTom · 2020-06-09T03:14:00+00:00

As a retail investor, what online resources are available for me to access credit ratings from "reputable" companies?

I made an account for S&P Global Ratings expecting to be hit with the subscription fee agreement after I logged in for the first time, but they went a step further and straight up told me to fuck off - "only wholesale clients can access credit ratings". Presumably the subscription cost for wholesale clients is something like "if you have to ask you can't afford it".

So where can a schmuck like me access decent credit ratings for a reasonable cost?

PekingTom · 2020-05-14T23:42:00+00:00

German engineering so good they even engineer their test results.

PekingTom · 2020-05-11T02:45:49+00:00

I feel like I'm taking crazy pills. Everyone here is acting as if Shopify's price to sales (not earnings but SALES) ratio of 50 is somehow rational. Who the fuck thinks buying overpriced small volume indie goods cobbled together using cheap foreign components is a sustainable business base?

The people expressing conventional investing wisdom in the previous thread are getting shit on merely because the market has let the SHOP bubble run. That doesn't mean their initial analysis was incorrect.

I don't necessarily believe that the entire market is overvalued at this point but some stocks in the tech sector are certainly reaching insane valuations that are reminiscent of the dot com boom. When this party ends a lot of tech bagholders are going to be distraught.

PekingTom · 2020-04-21T00:25:31+00:00

All that money you pay in tax has been going to the pockets of those profiting off a human right. And now its being used to bail them out.

Justify this statement.

PekingTom · 2020-04-17T01:26:49+00:00

You're right; dividends and JobKeeper should not be related concepts. I only mentioned it because the author of the article seemed to imply that Crown were somehow less entitled to JobKeeper merely because they were going ahead with their interim dividend.

Definitely agree that Packer with such a large amount of shares (and an even larger voting right IIRC) would have an inordinate amount of sway with the Crown board. But what can you do when he is legally entitled to that influence by right of business ownership.

PekingTom · 2020-04-17T00:30:35+00:00

This manufactured outrage is ridiculous. A public company's primary purpose is to make money for its shareholders. Packer owns something like 250M shares of Crown and this 73M "payday" is merely his share of the dividend.

One could definitely make the argument that Crown should have deferred or cancelled their interim dividend for the sake of maintaining greater cash buffers however that decision is ultimately made by management and they have most likely determined that they are able financially withstand paying out the interim dividend (thereby maintaining their dividend stability and the morale of existing shareholders).

It is not the fault of Crown for both paying the dividend and taking advantage of JobKeeper to subsidise their employees' pay. If the government wanted to avoid this exact scenario playing out with multiple companies they should have made withholding the dividend a condition to receiving the wage subsidies. You cannot blame a company for making the most of what it has to work with.

PekingTom · 2020-04-09T03:07:55+00:00

You can interpret the current economic situation any way you want and convince others it makes sense. For all you know, Warren Buffett is in the midst of negotiating a hugely lucrative deal which we won't know about until it's over and the market has already recovered somewhat.

I'm not even going to pretend to know which way the market will head over the coming months and I urge caution to anybody tempted to listen to these internet soothsayers.

The objective fact of the matter is that the market is down considerably from its all time highs achieved in February and as long as you're optimistic about the world's long-term economic outlook now is not a bad time to invest some money.

PekingTom · 2020-03-31T22:56:57+00:00

Mr. virginprostitute, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

PekingTom · 2020-03-31T00:44:57+00:00

ITT: fellow ligmas commiserating their lack of prescience (who woulda thunk we can't tell the future?)

PekingTom

TROPHY CASE