Share Investor

Tuesday, March 22, 2011

Keep cash at the ready & be patient!

The Earthquakes in Japan and Christchurch, along with the eruption of the Middle East, have certainly highlighted the nervous nature of the markets over the last month or so, especially the last 2 weeks.

All these macro factors of course have actual economic impacts on local and global economies and are going to drag on stockmarkets over the coming months.

I am keeping my dividend pile at hand ready for some bargains because global stockmarkets have gotten well away from their true values given the tenuous nature of the global economy.

They are set for further pull backs in my humble and not so humble opinion.

Many people are emailing me asking whether they should be selling now that markets are retreating and they are worried about the Middle East and the economic fallout from that.

My reply to those wanting to sell is always the same. If you own shares in a good company and outside influences may have perceived or actual impacts on the company and therefore its share price, take the opportunity to buy a bigger stake!

This is not a permanent thing and long term you will be a happy little camper if you don't follow all those other lemmings over the cliff.

Keep the cash at hand and most of all be patient!

Here is a song to help remind you dear readers

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From Fishpond.co.nz

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

c Share Investor 2011

Monday, March 21, 2011

Share Investor Portfolio: Value @ 21 March 2011

The Share Investor Portfolio was down in the third week of March. The portfolio was down by 1.17% or $3193.10 on the March 14 update . For the first 11 weeks of 2011 the portfolio has increased by 4.58% or $11218.77. This weeks fall was due, primarily, to WHS and SKC stocks falling, with a wide range of other small falls across the portfolio.

The total of unspent dividends and interest in the bank from the 2010 - 2011 earnings years is $23339.21 at close of reporting season for 2010 and partway through the 2011 year. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

Share Investor Portfolio as at 10:19:48, Monday 21 March, 2011 (NZDT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

AIA

2,000

$1.700

$3,400.00

$2.145

$4,290.00

$890.00

26.18%

AIA

2,000

$1.510

$3,020.00

$2.145

$4,290.00

$1,270.00

42.05%

AIA

558

$0.000

$0.00

$2.145

$1,196.91

AIA

754

$2.150

$1,621.10

$2.145

$1,617.33

$3.77

0.23%

ASBPB

3,027

$0.000

$0.00

$0.660

$1,997.82

ASBPB

6,973

$1.000

$6,973.00

$0.660

$4,602.18

$2,370.82

34.00%

BGR

619

$0.000

$0.00

$1.430

$885.17

BGR

2,381

$0.990

$2,357.19

$1.430

$3,404.83

$1,047.64

44.44%

FBU

284

$0.000

$0.00

$8.700

$2,470.80

FBU

830

$9.750

$8,092.50

$8.700

$7,221.00

$871.50

10.77%

FPH

3,000

$2.350

$7,050.00

$3.030

$9,090.00

$2,040.00

28.94%

FPH

541

$0.000

$0.00

$3.030

$1,639.23

FPH

1,459

$3.720

$5,427.48

$3.030

$4,420.77

$1,006.71

18.55%

FRE

2,054

$0.000

$0.00

$3.050

$6,264.70

FRE

6,577

$3.630

$23,874.51

$3.050

$20,059.85

$3,814.66

15.98%

GFF

586

$0.000

$0.00

$1.520

$890.72

GFF

1,414

$2.330

$3,294.62

$1.520

$2,149.28

$1,145.34

34.76%

HLG

244

$0.000

$0.00

$3.700

$902.80

HLG

756

$2.530

$1,912.68

$3.700

$2,797.20

$884.52

46.25%

KIP

190

$0.000

$0.00

$1.010

$191.90

KIP

810

$1.480

$1,198.80

$1.010

$818.10

$380.70

31.76%

MFT

1,000

$7.960

$7,960.00

$8.750

$8,750.00

$790.00

9.92%

MFT

1,838

$8.000

$14,704.00

$8.750

$16,082.50

$1,378.50

9.38%

MFT

657

$0.000

$0.00

$8.750

$5,748.75

MFT

1,505

$4.200

$6,321.00

$8.750

$13,168.75

$6,847.75

108.33%

MHI

1,646

$0.860

$1,415.56

$0.890

$1,464.94

$49.38

3.49%

MHI

7,000

$0.630

$4,410.00

$0.890

$6,230.00

$1,820.00

41.27%

MHI

494

$1.050

$518.70

$0.890

$439.66

$79.04

15.24%

MHI

860

$0.000

$0.00

$0.890

$765.40

PPG

$0.000

$0.00

$0.260

$8.06

PPG

1,500

$0.440

$660.00

$0.260

$390.00

$270.00

40.91%

PPG

1,004

$0.800

$803.20

$0.260

$261.04

$542.16

67.50%

PPL

1,000

$3.090

$3,090.00

$1.300

$1,300.00

$1,790.00

57.93%

PPL

1,000

$2.870

$2,870.00

$1.300

$1,300.00

$1,570.00

54.70%

PPL

939

$4.200

$3,943.80

$1.300

$1,220.70

$2,723.10

69.05%

PPL

975

$0.000

$0.00

$1.300

$1,267.50

PPL

1,086

$1.530

$1,661.58

$1.300

$1,411.80

$249.78

15.03%

RYM

459

$0.000

$0.00

$2.350

$1,078.65

RYM

4,586

$1.970

$9,034.42

$2.350

$10,777.10

$1,742.68

19.29%

SKC

5,750

$7.430

$42,722.50

$3.350

$19,262.50

$23,460.00

54.91%

SKC

1,000

$7.600

$7,600.00

$3.350

$3,350.00

$4,250.00

55.92%

SKC

2,750

$7.700

$21,175.00

$3.350

$9,212.50

$11,962.50

56.49%

SKC

1,431

$8.750

$12,521.25

$3.350

$4,793.85

$7,727.40

61.71%

SKC

272

$4.720

$1,283.84

$3.350

$911.20

$372.64

29.03%

SKC

25,712

$0.000

$0.00

$3.350

$86,135.20

STU

$0.000

$0.00

$2.600

$202.80

STU

303

$4.740

$1,436.22

$2.600

$787.80

$648.42

45.15%

WHS

4,500

$3.730

$16,785.00

$3.400

$15,300.00

$1,485.00

8.85%

WHS

6,979

$6.000

$41,874.00

$3.400

$23,728.60

$18,145.40

43.33%

WHS

$3.710

$55.65

$3.400

$51.00

$4.65

8.36%

WHS

3,506

$0.000

$0.00

$3.400

$11,920.40

21.20%

	Total cost	Market value	Change
	$271,067.60	$328,521.29	$57,453.69

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c Share Investor 2011

Friday, March 18, 2011

Roy Morgan Poll: 17 March 2011

Click on image for larger view

The Roy Morgan Poll out today shows the national juggernaut continues to steamroll Labour opposition.

This has continued a trend of polls since the 2008 election that have seen support for national remain at around or above 50% support - higher than their vote share for the 2009 election:

The latest New Zealand Roy Morgan Poll shows the Roy Morgan Government Confidence Rating has jumped 19 points to 133.5 with 59.5% (up 10%) of New Zealanders saying New Zealand is ‘heading in the right direction’ compared to 26% (down 9%) that say New Zealand is ‘heading in the wrong direction.’

At the same time support for John Key’s National-led Government is up 1% to 54.5%. Support for Prime Minister Key’s National Party is 52.5% (up 3.5%), the Maori Party 1.5% (down 1.5%), and ACT NZ 0.5% (down 1%).

Support for Opposition Parties is down 1% to 45.5% — Labour Party 32.5% (down 2.5%), Greens 8%, (unchanged), New Zealand First 4% (up 1%), Progressive Party 0.5% (up 0.5%) and others 0.5% (unchanged).

If a National Election were held today the National Party would easily be returned to Government.

It will be difficult for Phil Goff and the Labour Party to win the 2011 Election on November 26 and he must be wondering what he has to do to gain some traction with the public he clearly has little resonance with.

It looks like a bloodbath for Labour come November.

The Roy Morgan Poll -March 17 2011

From Fishpond.co.nz

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

c Darren Rickard 2011

Whimp Makes share offers you can refuse

If you are an investor, a seasoned one or a beginner, you have probably heard of the balding, mustachioed weasel Bernard Whimp by now.

Mr Whimp is the man who has been making "low ball" offers for NZX listed shares for a number of years and has been quite successful in his pursuit of less than sophisticated investors who have, believe it or not, accepted substantially less than market value for a range of NZX shares.

He has also been known to fail to pay for a number of share trades.

His latest exploits though are even more daring than previous attempts at duping the elderly and bewildered.

From the NBR and related to Vector Ltd [VCT.NZX] shares the latest ruse by Mr Whimp goes something like this:

"Mr Whimp is offering Vector shareholders $3.20 per share, which is above current market price, but the amount is only payable in instalments over a ten year period and all future dividends are foregone from the time the offer is accepted," Mr Stiassny said.

"There is no certainty that the instalments would be paid and shareholders should be aware they would become unsecured creditors in the event Mr Whimp fails to meet his payment obligations."

While Mr Whimp's "high ball" offers might look ridiculous in the extreme to most of us, he will probably get enough bites to make the whole exercise worthwhile.

There is legislation in progress to put a halt to this otherwise legal practice and clearly it isn't a good look for the market as a whole when this sort of nonsense goes on.

Having said that, it appears to me that any seller to Whimp is doing so of their own free will after of course reading all the material supplied to the prospective seller and then making their judgment based on that.

One can only protect investors so much.

Recent Share Investor Reading

Share Investor

Tuesday, March 22, 2011

Keep cash at the ready & be patient!

Monday, March 21, 2011

Share Investor Portfolio: Value @ 21 March 2011

Friday, March 18, 2011

Roy Morgan Poll: 17 March 2011

Whimp Makes share offers you can refuse

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