Archives: Questions And Answers
Dear MM Team,
Once again, I need to ask for your explanations, because I just don’t understand the significance of the announcement SOL has made today.
I have become a SOL investor, when Brickworks was acquired. To me, the main attraction of BKW was, their vast land holding left over from clay mining for manufacturing bricks. Most of the land was bought cheaply, many decades ago, on the perimeters of large towns. They had (or have) a joint venture agreement with GMG, where BKW provided the land and GMG erected the building. It has created an income stream, without any additional investment!
Today announcement says SOL had agreed to sell certain Brickworks property to GMG for $1.89b!
Why?
Later the same announcement state that some of the JV properties have been retained.
Could you please give us your highly valued opinion, how is this beneficial to us, shareholders?
There is no reason to sell income producing, well managed properties, unless you can better reinvest the new funds. So, what will SOL do with the proceeds? How will we benefit?
Best regards,
John
Wondering how other investors are dealing with the chaotic Magellan Financial at the moment? They have merged with Barrenjoey and their website is a mess. Almost none of the links work. Of huge annoyance to me is that MGOC – a flagship fund no longer exists in that ticker, and has been almost secretly changed to V1AC, which I’m guessing refers to one of their new “partners” – Vinva Investment Management. Has anyone heard of them?
I have not experienced a mid-stream change for unknown reasons like this in 23 years of investing, and it will take me over 20 hours of reformatting 68 spreadsheets to fix it.
Has anyone else experienced difficulties with the decline in this previous giant of Australian investing?
Hi Guys,
I’ve been a patient holder of TTT with very little upside in the past few years. The board seems to be doing the right thing with various senior defence personnel appointed to the board in the USA and Europe. They are relocating the headquarters to the USA and are proposing shareholders will be given a 1 new share for every 25 existing shares in the new entity via a CDI. Do you think the proposed changes will impact share price in any way and do you think they have any tangible prospects of a substantial share price rerating?
I’m a new subscriber and see value in links to data on MM bearish views on monitored stocks. Also, an AI chatbot is required for during and outside working hours.
Hi guys,
In the context of a SMSF retiree in pension phase seeking consistent annual income, how do you best evaluate GDF. Currently on 8.2% forward yield with a good concentrated property book of only industrial properties and only in Brisbane area. 90% leased, annual lease rises of 3.3%, 4 yr WALE, 37% discount to NTA and that is after very recent independent valuations. No debt repayment for 3 years. Gearing under 30% and they even ‘fiddle’ with a small lending book to add a few extra bips to the annual yield going forward.
Welcome your thoughts and what areas I have missed or should keep an eye on.
Cheers
david O
Hi James and team,
I started buying SIQ after MM bought the stock “for income” more than 6 months ago. I was influenced by the fact that management is very capable and has skin in the game but was worried that the Labor government might change the EV concessions and FBT rules. I have started selling but I’d like to know why the stock has performed so well.
Hi Market Matters Team
SmartGroup has risen around 40% in 2 months to a high of $12.35 today. I have held SIQ from around $7 – would you continue to hold SIQ or take profit? Do you see further upside/ and or would you continue to hold for the yield?
PRN- Perenti reached a high of $3.12 in January and has come off to around $2.10. What’s your current view on PRN – Do u see it returning to around the $3?
regards
Debbie
