This is a thread for the interest of probably predominantly Australians and New Zealanders who trade stocks on the ASX. About myself briefly, I watch in particular stocks which I believe have potential to outperform the market. Currently I'm sitting on approx 23 positions. I run an algo every now and again to screen for the best contenders. I don't run algo everyday, I find it's best to run it on market pullbacks to find new opportunities for the next upleg, so if the market is running a bit too excitedly, then I wont run algo, the main reason being it becomes too tempting to buy at the wrong time of a market cycle. Have been trading 30+ years, I trade conservatively, will buy speculative positions at times but will only take a small size. Feel free to contribute your ideas.
Alliance Aviation is my first stock to highlight, kind of off the radar stock, never hear much mention of it. AQZ.AX Flys miners on FIFO (fly in fly out) and tourism. Good PE of 14, good trend on chart, pays a dividend, 100% franking, mkt cap $287M, I hold, up 6% today.
Coincidently after my ET post, there was a ASX announcement re a rumour running around regarding share price movement but subsequently in the news spotted these announcements... "Macquarie's equities desk has helped Qantas Airways get its hands on a 19.99 per cent stake in listed contract and charter flights operator Alliance Aviation. Qantas revealed a $60 million stake in Alliance Aviation on Friday morning, saying it had paid $2.40 a share on average for the stock. It is understood Qantas had Macquarie's equities desk in the market. Fund managers said Macquarie had been keen to get its hands on Alliance stock - and the result was some chunky lines of 10 million and 8.7 million shares on Friday morning. Both lines changed hands at $2.40 a share. The buying was at a skinny 10¢ a share premium to Alliance Aviation's closing price on Thursday. Macquarie's investment banking arm, Macquarie Capital, is a long-time adviser to Qantas. Alliance Aviation said it had not been approached by Qantas but had boutique adviser Catapult Partners and law firm Herbert Smith Freehills in its corner" https://www.afr.com/street-talk/macquarie-gets-alliance-aviation-stake-for-qantas-20190201-h1aqmz And.... "Qantas Airways has snapped up a 20 per cent stake in charter flight operator Alliance Aviation Services and intends to become its majority owner if the competition watchdog lets it. The airline said on Friday it bought the shares for an average price of $2.40 each, valuing its investment at about $60 million. Qantas sees the opportunity to merge Alliance with its own fly-in, fly-out operations. Qantas sees the opportunity to merge Alliance with its own fly-in, fly-out operations. Credit:Glenn Hunt Alliance mostly operates charter flights for the fly-in, fly-out resources sector, predominantly in Western Australia and Queensland, and Qantas sees the potential to merge it with its own charter and regional services. "Alliance is a profitable, well-managed business with high levels of operational maturity," Qantas said in a statement. "It is also a long-term provider to the Qantas Group and flies regional services on behalf of the national carrier." Qantas said it would seek regulatory approval from the Australian Competition and Consumer Commission to build on its investment to eventually take a majority position. "In the meantime, Qantas is supportive of the ‘business as usual’ approach of Alliance Airlines' management and is not seeking board representation," Qantas said. Alliance's shares, which were last trading at $2.45, were suspended on Friday pending the announcement. Alliance said its board had not received any approach from Qantas at this stage. Qantas shares were 1.1 per cent weaker at $5.38 in early trade." https://www.smh.com.au/business/com...to-become-majority-owner-20190201-p50v1i.html
BUBs may have finished with its dummy spit and is now ready to play ball again. BUB.AX https://www.sbs.com.au/news/bubs-revenue-soars-on-new-chinese-network
This stock I had never heard of until this week when my Supalgo flagged it up. UNV, Universal Coal, listed on ASX but operating in South Africa, thermal coal, several collieries, currently trading at 35c. This one is interesting, recently came out with what I consider a good financial half yearly report. Market cap $182 Million, revenue 400.5M, NPAT 130.2M, forward eps $0.25 / PE=1.4, pays a dividend. Top20 shareholders own 82%. There is a private equity company wishing to buy it at 35c but their offer has expired and they need to renogiate, the offer was made and expired prior to the last financial report. The company wishes to pay a dividend but holding back until they sort out a new offer, if it comes. Personally I cannot see how this is not currently a bargain, sovereign risk I think is low. Coal although not attractive commodity due to Greenie protests, we can't live without it and as the West shut down more coal mines all it does is drive up price to an extent. UNV's share price is climbing at quite a clip. https://www.barchart.com/stocks/quo...&sym=UNV.AX&grid=1&height=500&studyheight=100