Wednesday, December 9, 2020

Trevor Mallard: We just want him to go

Trevor Mallard: False rape accuser
Trevor Mallard: False rape accuser and bum. 

                   


It would be cruel to call Trevor Mallard a bum. 

He has never interested me at all, except his rudeness, lack of tact, hitting politicians and others and just general lack of self awareness has me drawn to him.

This time he has gotten away with something he did last year. He accused someone of rape who worked for parliament, got them sacked and publicly drawn through the mud.

Turns out this man didn't do it. 

When this man - quite rightly - got a payout, Trevor Mallard was conciliatory.

BUT what happed was that Trevor got his bills paid by you and me - including the payout which is censored to the public.

Furthermore he goes unrecognized as the person he is - he's a narcissist - in the eyes of the law. A person who tells the public's at large that "this man is a rapist". Hardly something that yours truly would be proud of.

Instead of facing a courtroom for the deep deep deep lies and untruths he spoke he is well and truly on the road to something else in the future.

On second thoughts he is a bum AND that's putting it mildly.


c Darren Rickard 2020








Friday, October 16, 2020

Mainfreight: $100 dollars and up




Mainfreight just had a recent profit upgrade of 23% this week with a promise of more to come.

When it reached $24 intra-day briefly back in March it pretty much never looked back and has climbed ever since to touch an all-time high of $53.90c.

The big buying was back in Feb by Fisher Funds then again when it plumbed the depths in March. So you must take that on board when considering any purchases of this stock. It has gone up on relatively little stock - one or two million most days with sort of pepper potting of $5-6m of turnover.

But things are a foot. Management is pleased with the results getting new clients and seemingly thriving in this covid period when others have wilted. I would expect nothing else. AND question management if things were to flatten off BUT it hasn't.

So i will make a prediction. I expect to reach that $100 a share mark in around about 5 years with around $6B in revenues.

In between times I expect the stock to come off the boil soon AND that's when to buy. Perhaps next year when we are kinda going to have to face the facts that we - New Zealand Inc - are well and truly ....ed and the markets will start rocking again.

Until then DYOR and careful out there, there is only one of YOU.







Saturday, October 10, 2020

Contact Energy: Up or down from here?




The old chestnut rears its not so ugly head again.

Contact Energy.

I have traded/owned this stock since its was IPO'ed in 1998 at $3.10 - Around about its present NTA.

I have 30,000 shares of this in the portfolio. The majority of which i purchased this year during the depths of this govt-led recession. I have held the balance since 2011.

I have traded this stock up and down from IPO right up to over $10 - yes it was that price in the late noughties up to this year, 2020 when it briefly hit just above $4. It has gone up steadily since then - albeit for a brief couple of months when it lost about a buck overnight when the whole business over Tiwai Point occurred

It has been going up recently - on increased VOL - because it may soon be included in the New Zealand MSCI index. I have no idea whether it has been in the index before.

It MAY be worth a punt from todays close $7.85 on $10.5m worth of shares if you going for a short term thing.

It may even be worth getting for your portfolio as it is currently getting 4.97% net and you don't know what the reaction to covid-19 is going to be from the morons that Govern us.

Contact Energy is one of the safest bets on the market in these troubled times - and every time there is 'troubled times' Contact has been there.

The MSCI index result will be announced on November 11, with re-balancing occurring on November 30.

You dear reader may want to swing on this one.

DYOR!!





CEN @ Share Investor

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Discuss this stock at Share Investor Group




Share Investor 2020

Friday, September 25, 2020

Why Hallensteins has the Advantage over Everyone Else



Hallensteins Glassons - HLG.

You know it's a well run company - I'd say the best company of its type anywhere in Australasia.

It does not have any debt and has cash in the bank. Whatever challenge it faced up to in its over 140 years of existence it has overcome that. Covid 19 will be no different.

In the area it operates in one thing is clear. The weaker competition is falling - including the recent influx of overseas brands.

Once a couple of these have got the tail between their legs and scuppered, from this part of the world or entirely - they all hold far too much debt. Hallensteins will be there to mop up the peices AND have far less competition!!

So Hallensteins will be planning right now to change, just how much change is up to conjecture but they will probably change anyway. Their online store is just one feature. The only change down at Hallensteins HQ will the fact that Covid 19 is just another one of those changes of a long list they been through before. 

One thing I constantly am appalled about and that is the comparions made between the economic fallout  from Covid 19 and the Great Depression.  It is by no means as serious as the Great Depression and is not likely to be unless something goes horribly wrong - that whole Great Depression/Recession thing annoys me. We have got a long way to go before we stoop to the depths of depravity those poor souls had to suffer - So Hallensteins passed the Great Depression.

Hallensteins will come out of this - Covid19 - in the same way. The way they have come out of the rest of the calamities than have befallen them. With a new approach to doing business.

For without that new approach combined with the old fashioned attitude towards debt Hallensteins Glassons Group would be yesterdays toast.




Now im no expert at share prices. I just know a great company when i see one. This little puppy plumbed the depths of about $1.80c just a couple of weeks ago. Right now its up on hope - its doubled in price to about $3.60c - hope that things will get started again - soon.

You could buy today or take your chances and buy on the bad news. Because there is more bad news - none moreso than any other stock on the nzx.com - to come with this stock.

DYOR.

  

Hallenstein Glasson @ Share Investor


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Discuss HLG @ Share Investor Group 



Share Investor 2020