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Don't know about the Swiss stockmarket but our stocks are a bit dodgy at the moment, as soon as there is a bit of good news and the price starts to go up they do a capital raising and down comes the price. Unless you have insider information property is a much safer alternative and there are no nasty surprises you have to worry about, its not like the bank will come and build a couple of townhouses in your backyard while you are out shopping.
This is the sought of misinformation which prevents retail investors from making informed decisions.
Firstly those shares were trading further below intrinsic value because of FEAR of refinancing issues. By doing the capital raising, this REMOVED the fear and resulted in the share price going up.
Recent capital raisings i have participated in and which are now showing profit include:
AXA at $2.85 now $3.69 (this one is yet to be completed)
Commonwealth Bank at $26 now $36
Crown Casino at $4.95 now $6
Westpac Bank at $16 now $20.4
Wesfarmers at $13.5 now $19.34
The wesfarmers one was particularly attractive, because share holders could also try to acquire additional discounted shares from those shareholders who didnt elect to participate in the capital raising.
Any agents here in the hills? Are these cashed up FHOB's or are they really second tiers?
Regards Jo
I had some agents around last week to get a valuation on my PPOR (Baulkham Hills).
They said things are rushing out the door now. People in the area are upgrading into my category ($650).
In Lalor Park, Seven Hills area I'm surprised at the amount of houses for sale that are owned by investors. The thinking seems to be, if I get a good price I'll sell. And if they are tidy with a decent kitchen the FHB are snapping them up. Ones that need reno's are not moving as well.
Recent capital raisings i have participated in and which are now showing profit include:
AXA at $2.85 now $3.69 (this one is yet to be completed)
Commonwealth Bank at $26 now $36
Crown Casino at $4.95 now $6
Westpac Bank at $16 now $20.4
Wesfarmers at $13.5 now $19.34
The wesfarmers one was particularly attractive, because share holders could also try to acquire additional discounted shares from those shareholders who didnt elect to participate in the capital raising.
What floor?
Government has just organized a deal with the bnks for those who get into mortgage stress. Then there is the 14K grant and stamp duty exemptions. Next thing you know it Kevin Rudd will be paying the difference for those who fixed their rates at the high rates 8 months ago.
The renters have been getting assistance from the government through Centrelink as well as through the negative gearing paid to landlords for decades. How many tenants could really afford to pay the rent at true market value ?
That's some deal, the interest is still accumulating so instead of paying your mortgage in 15 years you take a year off and now it takes 20-25 years to pay it off and a hundred thousands or more extra in interest.
Teeny weeny exaggeration here I suspect!
According to this report by the Australian Property Center, now is the ideal time to buy.