Time to go shopping!

Raskolnikov

After being out of the market for practically all of this year, we're now finally starting to see some stocks come down to more reasonable levels! Hundreds of stocks are making new lows.

Are people buying?

RizzoJR

Raskolnikov wrote: »

After being out of the market for practically all of this year, we're now finally starting to see some stocks come down to more reasonable levels! Hundreds of stocks are making new lows.

Are people buying?

not yet,
surely they will go EVEN LOWER??

panacea

Have to agree with you there Rask. Having sat on my hands for over 18 months there is a lot of potential beginning to materialise.

Grecco

Used all my free cash to buy Max petrolium 10.5p and Range resources 9.25p this morning
Range is back at 12p already

Edit that, now 12.25p :D:D:D:D

D-Generate

On an 12-18 month outlook then yeah, now could be considered a good time. On a 1-2 month outlook though, your chances of scoring a good deal is greatly lowered.
Despite the overuse of the word "corrected" it's not like we can definitely say that this is the maximum downside potential so who knows if this is correct. You have Italian yields creeping past Spanish yield and no solution to the Eurozone crises. You have the US still in turmoil, both politically and economically with a paltry agreement signed last Tuesday. Asia is still showing decent growth but we can't be relying on that to pull the West out.

When the market is a bear then being anything otherwise is just pissing money down a pot. It's unlikely you are going to catch the turn by buying now and being able to cash in 2 months later but if you are willing to keep your money invested for over 12 months then you will probably see a decent return.

jank

Have some cash ready to pounce but I am going to do as much homework as possible over the weekend. Lots of blue chip Australian Stocks are at low prices.

However its VERY volatile out there! There is really no good end game there and if China has an Arab-esque spring revolution then buy a shot gun and lots of tinned food.

Grecco

D-Generate wrote: »

On an 12-18 month outlook then yeah, now could be considered a good time. On a 1-2 month outlook though, your chances of scoring a good deal is greatly lowered.

How the hell can you predict 12-18 months in advance, you don't know what the Share price is gonna do on the next trading day never-mind 18 months down the line.
You sound like one of those talking heads you get in your local bank who tells people to invest and in 5 years daudi daudai daa...

If you know the company,and have done your homework then you know when theres value to be got. A lot of people have used this downturn to buy into a position at what they perceive is value
nothing wrong with that IMHO

hmmm

Consumer non discretionary looks pretty good right now. Unilever has a 4% yield for goodness sake.

Jim2007

Still a ways to go before my pick goes on sale: LLB

I still like little banks

Jim.

Speculator

Raskolnikov wrote: »

After being out of the market for practically all of this year, we're now finally starting to see some stocks come down to more reasonable levels! Hundreds of stocks are making new lows.

Are people buying?

Alright mate, welcome back. Continue to buy on dips and you'll make a fortune!

Raskolnikov

Jim2007 wrote: »

I still like little banks

Jim.

Any in particular?

I wrote about New York Bancorp nearly two years ago, it did pretty well for me, but then started to get fairly priced towards the end of 2010 so I sold. It's now down again, despite the fact that their recent numbers have been excellent with all standard banking metrics showing improvement.

I think fair value is $16-$18, so I have bought in again yesterday.

Jim2007

Raskolnikov wrote: »

Any in particular?

No, LLB is the one I'm after.

I believe that the banking industry is going through a fundamental change right now and that KPIs such as NNM (Net New Money) are not great indicators for success. Most of that money is flowing into ETF style products rather that private banking products.

Investors, both institutional and high net worth individuals have finally woke up the fact that the best way to ensure that your going to hit your benchmark is to buy the benchmark, meaning the relevant ETFs and similar products. If you look at the returns of any major European pension over the last few years, you see that they are moving away from individual holdings to ETFs and similar products and there in lies the issue for the larger wealth management type banks - you can't charge much for telling the client which ETFs to buy! As a result it is becoming a commodity industry, with many banks now quoting fees in base points rather than percentages!

In this kind of environment I expect that small private bank European banks will do very well, as they can provide a much more personal service and thus can charge a bit more for their services.

LLB is one of the few banks that fall into this category and that the individual investor can buy into. And it has a few features I really like:

• No bonus culture - variable pay represents less that 1% of the total salary bill
• Little or no exposure to credit card debt
• Mortgage exposure is to CH/LI style income generators
• An excellent reputation within customers

But having said that, there are a few things to keep in mind, I see it as an income generator rather than for capital gains and secondly volume is very low, often less than a 100 shares change hands on a give day, so not something that you can get out of easily.

Jim

Jim2007

Richemond owns these and several other well known brands in the luxury goods sector. It's a solid, well managed company and although I've only started working the figures, I have to say they are looking attractive. This is a company that has generated solid positive cash flows every year for the past 5 years, no small achievement given the economic climate.

I'd like to see it fall a bit more over the next week, before I jump in, but it is getting close now....

Jim.

irishh_bob

Jim2007 wrote: »

Richemond owns these and several other well known brands in the luxury goods sector. It's a solid, well managed company and although I've only started working the figures, I have to say they are looking attractive. This is a company that has generated solid positive cash flows every year for the past 5 years, no small achievement given the economic climate.

I'd like to see it fall a bit more over the next week, before I jump in, but it is getting close now....

Jim.

do richemont only trade on the swiss stock exchange , cant find them anywhere else

Jim2007

irishh_bob wrote: »

do richemont only trade on the swiss stock exchange , cant find them anywhere else

Also on the SA exchange, but that is no better I guess! The Swiss exchange is widely available to brokers, although you might have to make a phone request rather than doing it on line and of course it costs a bit more....

Having said that, it is a lux. goods company and to be safe, I like to buy these things at a steep discount, so I would not touch it until it hits about 35 in any case.

Jim.

displaced dub

just back from some shopping, Pfizer in at $17 and me old pal Smurfit 1000 at 4.96, think smurfit is way oversold.