Hi there, hope you all are doing well. I was fortunate enough to become the champion in season 1 on US shares, but i felt so struggle in this season for both papertrading and live account. As the saying goes, the stock market always has a way of keeping us humble. My US stock performance sucks, down 3.5% ranking 677, wrongly bet on a sector, dnt wanna talk much about that. On the brighter side, my AU portfolio showed a much more promising outcome, with...
$Mirvac Group (MGR.AU)$shares fell 8.5% after reporting a loss of $805 million for last financial year. A $1.1bn write down of it’s office portfolio was the major reason behind it. Management also warned about squeezing margins on some projects, so thinks next years operating profit will come in lower. MGR is trading at $1.93 Vs NTA of $2.36, there is some value to be had, but it’s not for me at this stage.
Property stocks were the worst performers in the ASX 200, however most of them went ex-dividend. Mirvac ($Mirvac Group (MGR.AU)$) shares for example fell 11.5c or 5.97% but paid out a 6c dividend – so in reality shareholders were only down 5.5c or about 3%. Generally when a company goes ex-dividend it will fall by at least the amount that is being paid out. That is because the company’s bank balance and hence it’s worth will also fall by the dividend amount.$S&P/ASX 200 (.XJO.AU)$
Stay Connected.Stay Informed. Follow me on MooMoo! Introduction Amidst the global capital wave seeking asset diversification and stable returns, Real Estate Investment Trusts (REITs) have emerged as a popular option pursued by investors. As an innovative financial instrument, REITs enable a wide range of investors to participate in the traditionally high-cost, high-barrier commercial real estate sector with a lower t...
Insolvencies rose to the highest in almost a decade, as rising borrowing costs, weaker consumer spending and a more aggressive Tax Office took its toll, with the most business failures in construction, hospitality and retail. 967 companies entered administration in February, up 40% on the same time last year, according to ASIC. And...
kenniwong : rich
Surf at risk OP kenniwong : nah broke!!