TK Journal: 2020-05-21

From today I’m going to start keep­ing a pub­lic record of the notes Tony sends me here, rather than post­ing them in the Face­book group, so they are eas­i­er to find lat­er.

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Last night I analysed White­haven Coal (WHC) again and added a price alert to Stock Doc­tor of $2.10.

The cur­rent price is $1.765 and it is still in a 3Pt down­trend, but there was an arti­cle in the Fin yes­ter­day about the com­pa­ny receiv­ing a plan­ning approval stage for a new mine.

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I am adding Grange Resources (GRR) to the watch­list.

QAV score is 0.15

3ptl buy tar­get was $0.237 which was crossed yes­ter­day.

Here is my 3PTL graph for GRR

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I found a way to save my chart pref­er­ences in Stock Doc­tor.

I was get­ting annoyed at hav­ing to select 5 year, month­ly, line graph every time I used the advanced chart­ing tool.

But, last night I found out that if you click on the “lay­out” drop down tab in advanced chart­ing you can save the cur­rent chart set­tings and then call them up again. Advanced chart­ing will default to your last saved lay­out in future. Neat fea­ture. (I knew that already — Cam)

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I have just analysed Mitchell Ser­vices (MSV) and set a price alert for $0.58 in SD.

The price is a long way from that, at .405; how­ev­er, I read in the Director’s Deeds sec­tion of the Eure­ka Report today that the Chair­man is buy­ing stock.

MSV cur­rent­ly has a price to cash­flow of 4.77.

I am also buy­ing more Mac­quar­ie Group (MQG) shares for my own account.
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Jen shared this with me and I thought it would be worth pass­ing on as we have had ques­tions about how to get teens moti­vat­ed to be investors.

This comes from the Bare­foot Investor for Fam­i­lies book.

What this table shows is that if a teenag­er gets a part time job and saves $5k per year and puts that into an index fund for 5 years then stops, the copound growth takes the invest­ment to $2.7m by the time they are 60.

The author, Scott Pape, com­pares this with some­one who gets a job and saves $5k a year for every year of their work­ing life. They end up with $1.6m in invest­ments at age 60 (the right hand columns).

Scott Pape table

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Eclipx Group report­ed it’s March year-end date num­bers recent­ly. It scores very well on the QAV check­list
Here is the 3PTL for ECX. There are 3 equiv­a­lent high peaks and extend­ing a line from those has a buy price just under $4, but I think it is rea­son­able to draw the line from the right­most of these peaks (the green line below). The spread­sheet I sent through in the last email gives a tar­get buy price of $1.24 and the share price is $0.925 and ris­ing, so it may be a buy in the near future.

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Dis­claimer: This pod­cast is an infor­ma­tion provider and in giv­ing you prod­uct infor­ma­tion we are not mak­ing any sug­ges­tion or rec­om­men­da­tion about a par­tic­u­lar prod­uct. The infor­ma­tion has been pre­pared with­out tak­ing into account your indi­vid­ual invest­ment objec­tives, finan­cial cir­cum­stances or needs. Before you decide whether or not to acquire a par­tic­u­lar finan­cial prod­uct you should assess whether it is appro­pri­ate for you in the light of your own per­son­al cir­cum­stances, hav­ing regard to your own objec­tives, finan­cial sit­u­a­tion and needs. You may wish to obtain finan­cial advice from a suit­ably qual­i­fied advis­er before mak­ing any deci­sion to acquire a finan­cial prod­uct. Please note that all infor­ma­tion about per­for­mance returns is his­tor­i­cal. Past per­for­mance should not be relied upon as an indi­ca­tor of future per­for­mance; unit prices and the val­ue of your invest­ment may fall as well as rise. The results are gen­er­al advice only and not per­son­al prod­uct advice.