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Share Picks 2018

b4bmm

Tawana resources. TAW Asx Lithium player. Tipped this a while back when it was mid 20s. Approaching 50c now and has a long way to run. Way undervalued compared to peers. Best mangement in the lithium space. Big year ahead.

Nzuri copper. NZC, Asx cobalt/copper play. Being buying this from high teens and it ran hard before I could get all I wanted. It’s low 30s now which is similar to my average buy in price. Very good buy at this level. Lowest capital cost cobalt play on the asx. Located in Congo. Strong Chinese partners. Big exploration upside. This will go hard in 2018 is way undervalued compare to poor grade high capex asx cobalt peers. Management owns over 50% of compnay extremely tight register. Feasibility study already proven robust economics for the project now optimatstion studies being carried out which will take the NPV to a whole new level and the SP along with it hopefully. This is by far the best cobalt play on the asx right now imo.

Wish everyone a prosperous 2018

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drunkmonkey

Anyone considering opening a short position on Tesla?

Gangu

Gruffalo22 wrote: »

After a quick review of their financials I think I would be inclined to sell. They are loss making for the last 4 years and can't even manage a gross profit. After SG&A losses are significant and not improving.

I would expect the company in this situation to be selling well below book value (eg 0.3) but PB is 1.4

Loss making over a number of years
No dividend
High PB
Negligible revenue vs costs

Unless you are aware of some reason why business should improve dramatically over the next few years then I would be inclined to sell even at a loss

Thanks. I think you’re right but don’t want to hear it, if you know what I mean

Gruffalo22

Gangu wrote: »

Any views on Applied Graphene Materials AGM? Trying to decide whether to cut my losses or weather the storm.

After a quick review of their financials I think I would be inclined to sell. They are loss making for the last 4 years and can't even manage a gross profit. After SG&A losses are significant and not improving.

I would expect the company in this situation to be selling well below book value (eg 0.3) but PB is 1.4

Loss making over a number of years
No dividend
High PB
Negligible revenue vs costs

Unless you are aware of some reason why business should improve dramatically over the next few years then I would be inclined to sell even at a loss

Gangu

Any views on Applied Graphene Materials AGM? Trying to decide whether to cut my losses or weather the storm.

littlevillage

The Cowan shares are just showing up in our (overseas) Degiro accounts as kind of place holders as they are currently held in trust by Tawana...... and will never be offically tradeable (by us) but will be cashed in by Tawana (on our behalf) as the article says

"pending a liquidity opportunity"

but Tawana will be the judge of when that will be....

Thargor

Yeah thats what I always thought, I wasnt expecting them to show up in my DeGiro account though.

sasol

Thargor wrote: »

Oh sh1t you're right, my Degiro is the same, apologies. You will be getting 11 for AMAL for every 10 TAW shares but these new shares in my account do correspond to the Cowan ratio alright, very interesting, I wonder if all the people complaining made them change their minds?

Lifted from Hot Copper

From the Demerger Update and Notice of Meeting & Prospectus, 01. June 2018:

https://tawana.com.au/annoucement/demerger-update-and-notice-of-meeting-prospectus/

3.10 Overseas Shareholders

The distribution of Cowan Shares under the reduction of capital and Demerger Distribution (if any) to Shareholders with registered addresses overseas is subject to legal and regulatory requirements in those relevant overseas jurisdictions. The Company has determined that it would be unreasonable to issue Cowan Shares under the Demerger to those Shareholders on the Record Date with an address outside Australia (Overseas Shareholders) having regard to:

22 (a) the number of shareholders with addresses outside these countries; (b) the number and value of the shares those shareholders would otherwise have been entitled; and

(c) the cost of complying with the legal requirements, and requirements of regulatory authorities, in each of the countries concerned. Shareholders who have a registered address outside Australia as at the date of this Notice are able to update their registered address on Tawana’s share register prior to the Record Date by contacting the Company’s share registry, Computershare Investor Services Pty Limited on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) or the Company Secretary.

If a Shareholders’ registered address remains outside Australia as at the Record Date they will be treated as an Overseas Shareholder for the purposes of the Demerger. Accordingly, Overseas Shareholders on the Record Date will not be issued the Cowan Shares to which they would otherwise be entitled and instead their Cowan Shares will be issued to Tawana to be held on their behalf, pending a liquidity opportunity. Such an opportunity may arise pre ASX listing and the Board will consider whether it is in the interest of Overseas Shareholders to sell the relevant Cowan Shares at that time.

beertons

^it's very confusing alright.

Thargor

sasol wrote: »

I am using 100 TAW shares to keep this simple. My understanding is that for every 100 TAW shares that you own

A) Your TAW shares will be replaced by 110 AMAL Shares (100 TAW X 1.1)

You will receive 9 COWAN Shares (100 / 11.1)

Since yesterday I have extra non-transactable shares appear in my De Giro account - the amount of those shares correspond exactly to B above i.e. COWAN allocation, not AMAL.

Oh sh1t you're right, my Degiro is the same, apologies. You will be getting 11 for AMAL for every 10 TAW shares but these new shares in my account do correspond to the Cowan ratio alright, very interesting, I wonder if all the people complaining made them change their minds?

sasol

Thargor wrote: »

No, those are AMAL shares, or just a placeholder for when TAW and AMAL merge then they will both be combined into one AMAL holding. Cowan shares dont exist yet and you wont be getting them anyway if you're not resident in Australia, the company will hold them in trust then sell them and give you the cash when they list.

I am using 100 TAW shares to keep this simple. My understanding is that for every 100 TAW shares that you own

A) Your TAW shares will be replaced by 110 AMAL Shares (100 TAW X 1.1)

You will receive 9 COWAN Shares (100 / 11.1)

Since yesterday I have extra non-transactable shares appear in my De Giro account - the amount of those shares correspond exactly to B above i.e. COWAN allocation, not AMAL.

drunkmonkey

MikeSoys wrote: »

hi im looking at a share thats undergoing major changes lately...whats your share view on standard life Aberdeen -SLA? is it looking like a BUY? ...or those who are holders...a SELL...???

All the Technicals say it's a sell, what news do you know that can swing the trend?

littlevillage

Thargor wrote: »

No, those are AMAL shares, or just a placeholder for when TAW and AMAL merge then they will both be combined into one AMAL holding. Cowan shares dont exist yet and you wont be getting them anyway if you're not resident in Australia, the company will hold them in trust then sell them and give you the cash when they list.

Ahh ok. It just seemed concidental that the number of 'new' shares corresponded exactly to my original number of Tawana shares divided by 11.1 which is the number mentioned in the de-merger thingie. (I am not Australia resident)

I guess its not clear yet what the ratio of new Tawana+AMAL shares we will get versus our original Tawana holding.

MikeSoys

hi im looking at a share thats undergoing major changes lately...whats your share view on standard life Aberdeen -SLA? is it looking like a BUY? ...or those who are holders...a SELL...???

Thargor

littlevillage wrote: »

Soo I see today on my Degiro account, that I received a new Share in Tawana (a non tradeable share) for every 11.1 shares in Tawana that I previously owned. These are presumably the new Cowan shares and will be tradeable once Cowan is listed on ASX, right?

No, those are AMAL shares, or just a placeholder for when TAW and AMAL merge then they will both be combined into one AMAL holding. Cowan shares dont exist yet and you wont be getting them anyway if you're not resident in Australia, the company will hold them in trust then sell them and give you the cash when they list.

littlevillage

Soo I see today on my Degiro account, that I received a new Share in Tawana (a non tradeable share) for every 11.1 shares in Tawana that I previously owned. These are presumably the new Cowan shares and will be tradeable once Cowan is listed on ASX, right?

unkel

Skelet0n wrote: »

Extra tip: $AVEO, crazy amount of insider buying recently leading me to believe they've got something big coming.

Bought the day after you posted this at $2.25, cashed out today at $2.89

Thanks man, nice one!

Thargor

OwlsZat wrote: »

So our TAW shares will be sold for us? Should I just sell now then, price is totally stagnant or is there a reason to wait for them to be sold for us?

No, if you hold TAW shares they will be converted to AMAL when the 2 companies merge in September. For every 100 TAW shares you hold you will receive 110 AMAL shares. TAW will cease to exist and AMAL will begin trading with 100% ownership of the Bald Hill resource and a few other bits and pieces instead of the 50/50 TAW/AMAL ownership split that exists now, you dont have to do anything here, it will happen automatically.

Before this happens though all of TAWs ownership of the Cowan assets (which is a different untapped resource beside the Bald Hill mine, very promising) will be split off into a new company, Cowan Lithium and you will be issued with free shares in this company depending on how much TAW you own. These shares will be held in trust for you until they get listed on the ASX (could take years but probably just a few months).

The annoying thing is if you live in Australia you will just have these shares show up in your broker account and begin trading but for legal/cost reasons everyone outside Australia will have their Cowan shares sold for them by the company and will receive cash instead through their broker. They are free to either keep the cash or reinvest it in the new Cowan company just like they would with any ASX listed company.

I plan on buying a nice chunk when the time comes but DYOR.

OwlsZat

So our TAW shares will be sold for us? Should I just sell now then, price is totally stagnant or is there a reason to wait for them to be sold for us?

Thargor

b4bmm wrote: »

I’d suggest reading the latest announcement on it. I think it’s only holders who have bought on the JSE that get affected negatively or people who hold small positions which are deemed unmarketable, best to ring the office in Perth to get confirmation if you can’t figure it out from the announcement.

I think any of us who dont have an Australian address will be having our Cowan shares sold for us when it gets near to listing time, very annoying but Ill probably be buying back in straight away when it lists anyway. As for the rest it looks like a wait until September for the dust to settle on the merger, seems stuck in a range for now.

PLS recovering nicely though.

b4bmm

Heiser wrote: »

b4bmm wrote: »

That’s a fairly broad question......want to Be more specific?

With regard to the merger, I hear if you're not resident in Australia you won't be getting shares in Cowan?

I’d suggest reading the latest announcement on it. I think it’s only holders who have bought on the JSE that get affected negatively or people who hold small positions which are deemed unmarketable, best to ring the office in Perth to get confirmation if you can’t figure it out from the announcement.

Heiser

b4bmm wrote: »

That’s a fairly broad question......want to Be more specific?

With regard to the merger, I hear if you're not resident in Australia you won't be getting shares in Cowan?

paulers06

Gruffalo22 wrote: »

Earnings out yesterday with good results and nice jump in share price - currently up around 14% since I posted. Final dividend of 4.6% due in November. Total dividend 8% approx for the year.

http://photo-me.com/results-year-ended-30-april-2018-investment-laundry-continues-drive-growth/

Great tip, thank you. Got in at 106.

Gruffalo22

Gruffalo22 wrote: »

I think photo me phtm on the lse is good value at the moment. Runs unmanned photo booth and laundry kiosks in a number of countries. Good margins and at a 52 week low. Pe 10 and pb 3. Dividend over 6.5%. Do your own research but I've added it to my portfolio. I'd try to buy at 101 or below if possible. Long term hold

Earnings out yesterday with good results and nice jump in share price - currently up around 14% since I posted. Final dividend of 4.6% due in November. Total dividend 8% approx for the year.

http://photo-me.com/results-year-ended-30-april-2018-investment-laundry-continues-drive-growth/

b4bmm

Heiser wrote: »

Can anyone share some insight into whats happening with TAW?

That’s a fairly broad question......want to Be more specific?

Heiser

Can anyone share some insight into whats happening with TAW?

unkel

Johnny Jukebox wrote: »

I think the crypto mining market has moved away from GPUs to custom ASIC rigs...

https://medium.com/coinmonks/asics-and-the-roller-coaster-for-gpus-41e501f6d4bd

Nah. Be very careful about what you read about ASIC miners / Bitmain. That was pretty much just an announcement from Bitmain. That was back in April with promises of a USD800 miner with similar performance as a USD2000 GPU rig (the former obviously becoming obsolete after a while, the latter holding its value well)

Guess what? Not a single ethash miner has yet been shipped and Bitmain has already upped the price from USD800 to USD2000

ct5amr2ig1nfhp

I saw that but that expansion news had already come out months ago.

PenguinEggs

Lorelei Fancy Lifeguard wrote: »

Ryanair took a tumble today. Down nearly 10% this week. Have I missed some news?

3.50pm: EasyJet and Ryanair shares in turbulence as IAG expands Level airline
Shares in easyJet PLC (LON:EZY) and Ryanair Holdings PLC (LON:RYA) dropped following news that the owner of British Airways is launching its expanding its low-cost long-haul airline Level.

International Consolidated Airlines Group (LON:IAG), which started the Level brand more than a year ago, is launching short-haul routes from Vienna, Austria.

Four planes will serve 14 destinations including Gatwick and Barcelona.

This means more competition for budget carriers easyJet and Ryanair.

EasyJet shares fell 1.6% to 1,661p while Ryanair declined 2.5% to 15.45p.

proactiveinvestors.co.uk

ct5amr2ig1nfhp

Ryanair took a tumble today. Down nearly 10% this week. Have I missed some news?

Gruffalo22

I think photo me phtm on the lse is good value at the moment. Runs unmanned photo booth and laundry kiosks in a number of countries. Good margins and at a 52 week low. Pe 10 and pb 3. Dividend over 6.5%. Do your own research but I've added it to my portfolio. I'd try to buy at 101 or below if possible. Long term hold