Noosa Waters Share Investing

I am subscribed to Port Phillip Publishing and they publish a free newsletter called Money Morning This is the link to the website where you can subscribe to Money Morning and other paid subscriptions www.portphillippublishing.com.au

www.thebull.com.au – A free and subscription site. I do not find the news section very useful. However each Monday they publish a Tip Sheet (Buy,Hold,Sell) from three analysts. Occasionally I find a tip useful and put it on my watchlist. The tips do require more in depth research! www.etfwatch.com.au/data-analysis – A free site providing factual* information regarding EFT’s and LIC’s. A quick way to find basic information on specific products. * = Double check the facts because too often the facts are not correct. http://www.yieldreport.com.au/ A free site providing factual information Notes, Bond, Hybrids, Convertibles. No known issues, but not a field I have researched adequately. https://hotcopper.com.au/ - A free site. It is very active site frequented by price manipulators, rogues, spivs, rumourtargists et al. Gamblers will love this site, because too many of the active participants are trying manipulate the share price of a stock they just bought or want to b...

The following article from Marcus Today does a pretty good job of explaining ETF's. EDUCATION THURSDAY - EXCHANGE TRADED FUNDS Australian investors who want a diversified portfolio in a particular asset class without having to manage it themselves are able to Exchange Traded Funds (ETFs) on the ASX. ETFs are exchange traded on the ASX. That means you can buy and sell them on the ASX just like shares. They trade and settle in exactly the same way as any other shares on the ASX. You can buy them through your broker or online trading account and the main benefit is that they allow you to buy yourself, on the ASX, exposures to markets and asset classes that were previously inaccessible without opening broking accounts with international equity and futures brokers. You will also no doubt be aware that other diversified portfolios are also available on the ASX through LICs (Listed Investment Companies), we will look at them next week. By comparison the LIC market is a rath...

The investment managers of LICs are sometimes cynically referred to as "Invetertate Wool-Pulling Ticket Clippers".  The reason being, whilst they have a duty to promote the company to ensure it does not trade at a discount to NTA many get carried away and selectively use irrelevant metrics or inflated dividends to mask under-performance. This can extend to include delaying investment losses being recorded in the profit and loss account, paying out more in dividends than they earned, using investment return before expenses, using irrelevant metrics to indicate good performance. There are accounting standards regarding reporting but ASIC do not take action unless there is a complaint. There are two numbers that cannot be manipulated in the ordinary course of business. They are dividends paid per share and difference in NTA (after tax) per share. When processed using a spreadsheet, data over 1, 3, 5, and 10 years an investor gets a very accurate picture of the investment manager...

A growth stock on a decent PE. Debt to equity is a bit high because they have recently completed several takeovers. SOL.AX own about 1/3rd and speak very highly of it. I have added to my portfolio because it is an opportunity to add a good company at a fair price. Citi have a buy with target of $8.65, Macquarie have neutral with target of $7.80

Listed Investment Companies (LICs) are very similar to managed funds except instead of buying units you buy shares which trade on the share market. LICs provide investors with exposure to a professionally managed and diversified portfolio of assets. These assets may include Australian shares, international shares, private equity, fixed income securities, and property, with some funds offering packaged strategies. The other major difference is that LICs are "closed end" funds. A key advantage of a "closed-end" listed fund (LIC) in contrast to an "open-end" managed fund is that the investment portfolio is insulated from investor inflows and outflows, as LICs are traded between buyers and sellers on the share market. Industry veteran Geoff Wilson expands on this in describing the difference between LICs and managed funds: ‘We believe that a closed-end fund is a superior structure to managed fund/unit trust structures. With closed-end funds or LICs, the manag...

IPO is short for initial public offering. It is an offer to buy shares just before the stock is listed on the stock exchange. They can be a profitable way of investing but they also carry more risk that the share price could fall, quickly. This type of investment requires more due diligence than normal to determine if the IPO is for the next stage of growth or whether the vendor has extracted everything out of it and is passing on ownership so that they can move onto the next"project". Historically, the following types of IPO's have done better than most; a1) Where the Government is privatising a Government owned business. Eg CSL, CBA, TLS, ARZ, MPL a2) Where a large corporation is divesting a division to it's shareholders. Usually referred to as a spin off, Eg BHP - S32, NAB - CBYG, MQG - SYD a3) Where the vendor wishes to retain most of their shareholding in the business. The following type of IPO's often carry an elevated risk of poor performance; b1) W...

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