Probus Club of Warragul - Tarago Inc.
WARRAGUL VICTORIA AUSTRALIA 3820
Probus club #1006155 incorporation number A0047473C
Probus club #1006155 incorporation number A0047473C
Our Shares Interest Group.
Our Leader is, Dianne P.
Or ring Dianne P, 0438 314 143.
Our Shares Group old 2015 Video Link.
All members are welcome to the next Shares Group on normally the first Friday in the month.
We meet in the Drouin Library, 136 Princes Way, Drouin at 1.30 to 3.30 pm.
Tea and Coffee provided. Di looks forward to seeing you there, There is ample parking behind the Library and you have to enter via the back door go across the floor to the Rest rooms down the Hallway and our room is on the right.
NEXT MEETING: FRIDAY 1st of December 2023.– 1.30-3.30 pm – Meeting Room – Drouin Library.
• Chairperson: Dianne Potter
• Phantom Portfolio: Best performance this month – John Hill’s report.
1. An exposé of Twiggy Forrest and Fortescue Metals Group.
A break for coffee/tea and Christmas goodies
2. Bring along a company which you wish to know more about. You never ever know just what somebody else may know.
3. Warragul and Drouin activities.
4. Any other business
5. No meeting in January – too close to New Year – unless by a vote that a meeting in January is what we cant do without. Next Meeting: Friday, 2nd February, 2024 – 1.30-3.30 pm – Meeting Room – Drouin Library.
FRIDAY 3rd November, 2023.
Well, I came away from this meeting with a feeling that the group of people who attended this month’s Shares Group Meeting were relaxed and happy. We learned a lot about a Bear Market (“Play dead when there’s a Bear around”) and because most of us are investors who have weathered many Bear Markets, we know how to play dead.
The discussion on the shares put forward by Morningstar for the end of October 2023 was lively, although we did not agree with all of the selections.
The next meeting is on Friday, 1st December, 2023 in the Meeting Room at the Drouin Library, Princes Way Drouin from 1.30 pm until 3.30 p.m. All are welcome.
FRIDAY 6th OCTOBER 2023.
There were 19 attendees and 5 apologies for our Shares Group Meeting for October. A warm welcome to Valda S, George R and Chris G and we hope you enjoyed the afternoon.
MR. MARK REIDY of RGM Group
spoke to us about Binding Death Nominations for Self-Managed Super Funds and
Industrial Super Funds. Mark spoke well and clearly and we are now very
much more aware of just how important this is for everybody.
applauding Mark for his good work, it was a happy group who continued on with
the Agenda. Our next meeting will be held on Friday, 3rd November, 2023
– 1.30 pm to 3.30 pm in the Meeting Room at the Drouin Library, Princes
• Chairperson: Dianne
• Phantom Portfolio: Best performance this month – John H’s report.
• Phantom Portfolio Protocols: John H to present this for the group’s discussion and acceptance.
• Commsec Market Report: This morning’s report.
1. MR. MARK REIDY of RGM Group
Presentation and discussion on Death Benefits and Binding Nominations for SMSF’s and Industry Super Funds. Have your questions ready.
• AND IF THERE IS TIME WE CAN DISCUSS:
2. ORIGIN ENERGY TAKEOVER BY BROOKFIELD.
Brookfield’s takeover hanging in the balance. Share price?
3. WOODSIDE’S SEISMIC BLASTING APPROVAL QUASHED.
The Federal Court found the regulator did not have the power to approve it. Share price?
4. BANKS CUTTING STAFF – What does this mean for investors?
Is now the time to divest some shares and put money on deposit?
5. VAN ECK EFT – Gold. ASX code: NUGG – What do you know about this EFT?
• BUT LET’S FIND OUT ABOUT:
6. WARRAGUL AND DROUIN ACTIVITIES
7. ANY OTHER BUSINESS.
FRIDAY 1st SEPTEMBER 2023
Well, wouldn’t you know it. Just when a special speaker had been invited to our group to talk on Death Benefits for Super Funds and all members were anticipating a great meeting, the
Libraries in our area had decided to hold a staff meeting on 1st September and did not advise us that the Meeting Room at Drouin Library
was unavailable. Upon ringing as usual on the Friday morning to check all was well, all calls went to message bank. Rang the Shire, and were advised, in due course, of the facts. Therefore, the speaker was cancelled and everyone had to get a phone call to advise them that the Drouin Library was shut and the Shares Group was cancelled for September. Those few members who arrived at Drouin Library at 1.30 pm for the meeting, having not received the messages left on phones etc., were asked to join together for coffee at Middels, and this was enjoyed by all who participated.
But – October is a new month and our Shares Group will go ahead on Friday, 6th October, 2023 in the Meeting Room at the Drouin Library, Princes Way, Drouin (opposite the Drouin Primary School and next to the RSL).
I have booked the Meeting Room for the remainder of 2023 and all of 2024. I can now access a key for the room if the Drouin Library happens to be closed.
Please note that there is a $15 per hour charge for this Meeting Room from 1st September, 2023 and therefore we would ask that all attendees pay $2.00 each to cover this charge.
7th JULY 2023
enthusiastic Probians met in a warm congenial atmosphere in the Drouin Library
Meeting Room. After viewing the “not-so-good” Market Report, we viewed
a Youtube video regarding Death Benefits for Superannuation Funds.
Although this is a topic which is not normally happily discussed, it is
essential that everybody looks to the future for their loved ones. After
general discussion on this topic, we looked at a very funny video on Government
Bonds – which was stated to be the basis of anyone’s portfolio, just like
underpants (says Warren Buffett). We all gained essential knowledge from
was further general discussion on some important stocks which were in the Top
Stocks for 2023 book which we looked at in January 2023. Some stocks went up in
value and some went down. Just like the Stock Market!
FRIDAY, JUNE 2nd, 2023.
June meeting concentrated on property – both real estate in a Self-Managed
Super Fund and investments in property ETF’s. There was interesting
discussion on the topics and everybody seemed to be involved.
with an interest in the share market is welcome to the next Shares Group on
Friday, July 7th, 2023. We meet in the Drouin Library Meeting Room,
Princes Way, Drouin at 1.30 p.m. until 3.30 p.m.
FRIDAY, 5th MAY, 2023.
The May meeting began with Commsec’s Morning Report. Now we have WIFI, we can enjoy all that Commsec has to offer. Our Phantom Portfolio is slightly in better territory than last month, with Smartgroup Corp. Limited still having pride of place, and Blackmores Limited somewhat behind. Most of us (Sob! Sob!) are still in the red. We looked at the twenty-five major stocks which give a good dividend. These can be held, no matter whether the price goes up or down, because the return is still there. As usual, everyone contributed to the discussion and we all enjoyed the afternoon. It was good to have our new President, Mary H, in attendance. Our numbers are growing and we welcome any Probus Member. Our next Shares Group Meeting will be held on Friday, 2nd June, 2023 in the Meeting Room of the Drouin Library at 1.30 p.m. until 3.30 p.m.
FRIDAY, 3rd FEBRUARY 2023
Phantom Portfolio was studied but, in just a week, the total is DOWN by 312.
The best All Ords guess was only 59 off the target. We all hope that the
All Ords goes UP.
seventeen attendees were delighted to welcome David Wells (yes, he is the
brother of the famous John Wells). David (from Shaw & Partners,
Financial Services) gave a wonderful Powerpoint presentation on what we should
all do when buying or selling shares. Just a heads up – watch the
shares which produce lithium, copper, nickel or cobalt, as this is the future.
Watch the management of the companies you wish to investigate. Did you
know that the CEO of Macquarie Group is a suspect in Germany for a tax scam
The next meeting will be held in the Meeting Room at Drouin Library from 1.30 pm until 3.30 pm on Friday, 31st March. The first Friday in March (3rd) is when we will all be enjoying our holiday in Beechworth. Everybody is welcome.
FRIDAY 3rd JANUARY, 2023
Sixteen happy people met in the Drouin
Library Meeting Room for our first Shares Group Meeting for 2023. Chatting
over a cuppa and bikkies (and Barbara’s yummy gingerbread!), it seemed that we
have – at last – found a venue that will be right for the Probus
Warragul-Tarago Shares Group.
John H congratulated Jan M (in absentia)
for winning the All Ords Trophy for this last six months with a guess of 7,270.
He congratulated Gary Mackay for winning the Phantom Shares with Cokal Ltd (CKA).
Gary’s choice made a nice $482.72 on his Phantom $1,000, which is 48.2%.
If only everybody had done so well. Overall, our combined total was 9.4%
down. Oh well!
If members of the group wish to change
their Phantom choice, or this six month’s guess at the All Ords, this needs to
be with John Hill by 20th January.
We discussed the 2023 choices of four
stock pickers, which included a great variety of stocks. We also discussed
what Commsec envisages the economy will be like in 2023. The general media
is not optimistic. However, Australia seems to be in a better position
than the rest of the world.
It was decided to meet on Friday, 31st
March, 2023 in lieu of April 7th, as the first Friday in April is Good Friday.
The next meeting will be held in the
Meeting Room at Drouin Library from 1.30 pm until 3.30 pm on Friday, 3rd
February. Everybody is welcome.
GROUP – NOVEMBER 2022
Booth – 1st November, 2022 - Best stocks to buy right now
(ELD) $13.00 on 31/10/22, $2 bn market cap ($13.19 on 1/11/22)
are due 14th November, and a strong set of numbers are expected.
Management is targeting 5-10% growth. They have a near-dominant market
position, with a strong brand and disciplined track record. Value under
24x PE with favourable agricultural conditions.
operator of KFC, Taco Bell and Sizzler reports first half net profit at the end
of November. There are inflationary pressions on food and wages for the
company and rising interest rates and cost of living for customers. KFC is
a strong brand and the balance sheet remains unencumbered.
seasoned and well-regarded management team are outperforming the market’s
expectations. At the recent AGM, the company upgraded their purchased debt
ledger purchase guidance (a key driver of earnings) and demonstrated improving
and impressive operational productivity. A high-quality business,
operating in an improving environment trading at near 10-year low valuations.
Sun – 28th October, 2022 - iStock
has been a sharp decline in global steel prices and steel prices in the US have
fallen 50%. Prices to trend lower in the December quarter and into 2023 as
demand fails to pick up. There is a bleak economic outlook and challenges in
China’s property market. The rest of the world is beginning to show
cracks in the demand for steel.
(FMG) is leading towards the downside ($15.28 on 1/11/22 – Target $14.50)
close to a one year low. BHP (BHP) and Rio Tinto (RIO) are also feeling
the pain, both down almost 5%. (BHP $38.12 on 1/11/22 with target $45))
(RIO $89.94 on 1/11/22 with target $95).
NOVEMBER – 2 ASX COMPANIES PRODUCING MINERALS THE WHOLE WORLD WANTS
Rare Earths Ltd (LYC) - $8.52 on 1/11/22
share is a ripe buy at the moment. The share price has dropped more than
27% since early April, but the company delivered a strong fiscal year 2022
result. Australia has an abundance of natural resources. You can visually
see it on the ASX, where companies dominate in numbers and market
capitalisation. Lynas’ products are in hot demand and it is one of a
handful of businesses producing rare earths outside China.
Resources ltd (SYR) - $2.46 on 1/11/22
company is one of the biggest graphite producers listed on the ASX. Shares
for lithium producers have risen phenomenally in recent years, graphite is also
another element that modern batteries require.
is a critical mineral for the transition to electric vehicles, so strong demand
should persist for many years. The company’s outlook is bright.
Syrah was recently selected for a US Department of Energy grant for us to US$220
million. The grant will support the financing for a potential expansion of
the Vidalia active anode material facility in the US State of Louisiana.
Syrah shares are up almost 26% YTD.
scares investors more than talk of a recession. However, history shows
that economic contractions have been mostly GOOD for share prices and the
Australian share market has actually increased during the majority of economic
recessions in Australia. In recent well-known recessions, share-markets
ROSE during each of them. These included Keating’s 1990-91 “recession
we had to have”, the long 1981-1983 recession, the 1975 Whitlam inflation
recession and the 1971-72 mining collapse recession. Rebounds have always
been faster and stronger than investors expect and they start when fear and
uncertainty are greatest (when “there is blood in the streets”).
Stevenson – Firstlinks – 19th October 2022
Stevenson believes it is better to be early, even though human nature ensures
that most of us have a tendency to come late to the party. The fear of
losing money in the short term, which is the destiny of the early investor is a
powerful disincentive to pre-empt the market. Far easier to wait for
confirmatory signals from the market and/or the economy before we take the
plunge. Easier but costly.
investors sit on the sidelines while others enjoy the recovery. If you had
taken the pain of an initial loss, you would have been in at the bottom and
sitting comfortably as the rally gathered pace. This may look eccentric in which
will probably turn out to be the worst year for shares since the Financial
Crisis and the worst for Balanced Funds, perhaps since the 1960’s.
However, bonds are finally offering yields which look interesting, and investors
can lock in a decent yield. Time to grit your teeth and start to prepare
for the upturn, even if it hurts in the short term.
DANGER IN LABOR’S NEW FRANKING CREDIT PROPOSAL
Collins – 12th October, 2022 – Firstlinks
all remember the 2019 franking credit proposals that contributed materially to
the Labor Party’s election loss and helped to deliver Scott Morrison’s
“miracle”. A major problem with that proposal was that it had many
unintended consequences. The same can be said for Labor’s new proposal
to stop the payment of franked dividends funded by raising capital.
example quoted in the press in recent weeks is the November 2019 dividend paid
by Westpac. A franked dividend of 80 cents was issued on the same day that
the bank announced a $2.5 billion capital raising. The funds from the
capital raising were received prior to the dividend being paid. But under
the Government proposal a dividend payment must be unfranked if funded from a
capital raising, even if the company has franking credits available for
distribution. Will Westpac be caught by this proposal, which is back-dated
to 2016? The answer is “possibly”. There are some arguments for
and against. What is clear, however, is if they didn’t pay the dividend,
then the capital raising could have been smaller. Most would agree
that Westpac did nothing wrong. There should be nothing wrong with a
company raising capital to strengthen their balance sheet. There also
should be nothing wrong with a company paying retained profits to shareholders
as fully franked dividends.
the Tax Office the discretion to question the motives of directors is likely to
result in worse outcomes as decisions are made to meet legislative requirements,
instead of meeting the interests of the business and shareholders.
TURNS TO UNTAPPED ASIAN MARKETS
Age – 30th October, 2022 – Michael Smith
Covid-19 travel restrictions now lifted throughout Asia except for China
Cochlear executives are back travelling where they are working with local
government and patient advocacy groups to raise awareness about the need to
treat hearing loss. The President for Asia-Pacific, Anthony Bishop said that
developed markets in Asia with ageing populations were key markets for the
RIDING HIGH AMID VOLATILITY
Age – 30th October, 2022 – Chanticleer
Group has once again shown why its diversity of businesses can provide
share-holders with protection in uncertain times while simultaneously building
the financial firepower to jump on growth opportunities. Macquarie had a
13% increase in the interim profit to $2.3 bn but this does not give an accurate
measure of the strong performances of the commodities and global markets
division, the banking and financial services division and Macquarie Asset
The performance of these three divisions over the remaining five months of this financial year (to March 31) will have a large bearing on whether Macquarie can beat the consensus full-year profit forecast of $4.2 bn. (The mind boggles!) The CEO, Shemara Wikramanayake, said that the uncertainty in the world meant it was prudent to hold high levels of liquidity. Macquarie has $12 bn in capital beyond its regulatory requirement.
MEETING of the SHARES
GROUP – FRIDAY, December 2nd, 2022
GROUP – FRIDAY, OCTOBER 7th, 2022
main topic of conversation was property – buying houses for rental purposes
and also commercial properties. From the information gathered, it is
usually better to hold properties for some time to realise the capital gain.
The rent received from these assets (usually 3% to 4% of the cost) is most often
spent upon refurbishment, rates, insurance, etc.
was agreed that holding shares is better for liquidity, but at the present time,
R.E.I.T.’s are not doing well – a buy option?? Cromwell (CMW) as a
world-wide property ASX company and Waypoint (WPR) were also discussed.
of the members brought other interesting matters to the table, e.g.: Eventbrite,
the American company which the Baw Baw Shire uses for ticket purchases, and
Entain, a company based in London, which considers Australia a wide-open market
to expand the company’s gambling activities.
next meeting, November 4th at Middels has been cancelled because many of the
attendees will be at Geelong. If desired, we could have an informal Shares
Meeting there, but it’s possible that we’ll be having such a good time,
we’ll forget all about it!
SHARES GROUP – FRIDAY, SEPTEMBER 2nd 2022
P chaired the meeting, which started at
9.30 a.m. with a coffee. First
things first. 13 of us began our
meeting at 10 a.m. with the Phantom Portfolio, after noting the 11 apologies.
The total has improved by $1,000 but is still mostly in the RED. At
the moment, Gary Mack is ahead with his Cokal Ltd (CKA) choice. What
does this company do, I hear you ask? This
company extracts coking coal in Kalimantan, Indonesia.
Second things next:
Apologies to all members of the meeting. The main topic of conversation was Food Staples together with Food,
Beverage & Tobacco Companies, and the fact that Australia has had trouble
holding onto these companies. For
example: Tassal Group Limited is in the process of a takeover by a Canadian
company, Cooke Aquaculture. We
discussed the No. 1 company, Woolworths Group Ltd (WOW). Now, my Google research indicated Woolworths Holdings Limited of South
Africa had a stake in Woolworths Group Ltd. I have done some more work (via Google), and the South African Woolworths
Holdings Ltd owns Country Road and David Jones, but NOT Big W (or indeed the
supermarket chain). WOW is an
all-Australian owned company. So, what I learnt in this exercise was check,
check and check again. I may add
that the discussion on all the food stocks listed was spirited and very
The meeting continued with ANZ’s takeover of Suncorp
which, although agreed to by Suncorp, still has to be passed by the A.C.C.C.
All in all, a great morning’s think tank.
Three of us stayed for lunch.
Friday, 7th October, 2022. 9.30 a.m. for coffee and 10.00 a.m. meeting at Middels in Drouin.
GROUP – FRIDAY, AUGUST 5st
Di P away in Queensland I was charged with chairing the 20 members of the Shares
Group gathered at Middel's in Drouin on 5th August. With our crystal balls all
polished we were keen to take a deep dive into our Hydrogen future. The intent
was to try to find which of the early stage companies involved in this
burgeoning industry have investment metrics worth putting money into now.
consensus opinion at the end of the meeting seemed to be, that while it
was all very interesting as well as very complex, it is probably something for a
younger cohort to invest in given any likely returns are still a long way down
the track. I think we were all surprised though, at how much progress is being
made in the quest to decarbonize the energy forms that will become common place
in the future.
will be back to chair next month’s meeting on 2nd September.
GROUP – FRIDAY, JULY 1st
on – it’s going to be a bumpy ride” was a headline in the paper recently
and the discussion at July’s Share Club meeting concentrated on this premise.
We have had 13-14 years of a bull market so a bear market was to be expected.
We discussed Warren Buffet’s “Bear Market Maneuvers” and the downward
trend in the share market on the ASX. This downward trend was markedly
shown by all the red in our Phantom portfolios. Congratulations to John H
for gaining the privilege of having the trophy on his shelf for the next six
months because his guess was the closest to the ASX 200 on 30th June.
Congratulations also to Keith P for winning the chockies because his “in the
black” Phantom choice was the best in the market on 30th June. Everyone
else, but one, was in the red.
The presentation of the All Ords trophy by President Rob and Guest speaker organiser Diaane.
GROUP – FRIDAY, June 3rd 2022
enjoying a coffee and chat we began our meeting with quite a few apologies. A
warm welcome is extended to our newest members, Bev M and Alan H. John H then
presented the Phantom Portfolio and advised
that John C was the leader, having made over $200 on his “investment”.
A very lively discussion then ensued regarding investing in property, both real
estate and EFT’s/REIT’s. We discussed who owns the Australian outback.
Pastoral areas are 42.2% Australian owned, 5.3% foreign owned and 53.3% unknown.
(26.6% is owned by Indigenous peoples with exclusive native title and 54.17% has
non-exclusive native title). We discussed Morningstar’s list of shares
to buy where there was “blood in the streets” – namely, those which had
gone down a lot lately. Everyone with an interest in the share market is
welcome to the next Shares Group on Friday, July 1st 2022. We meet in the
Function Room at Middels, Princes Way, Drouin at 9.30 am for coffee and meeting
at 10 a.m.
Shares Group 4th March 2022.
chatting over coffee at Middels, our meeting started, as usual, with the Phantom
of the group were very glad it was phantom, as the share market had tumbled upon
the news of the war in Ukraine. Naturally, we discussed what effect the war in
the Ukraine would have on the stock market as “fear or uncertainty about what
will happen next on the ground in Ukraine is justifiably sending shivers through
global financial markets”, to quote The Age.
The discussion was vibrant as we continued through the agenda, which
included the property market as well as various shares and whether they would be
a good buy or not.
has been decided
to cancel our April meeting
as most of the group will be on holiday at Moama.
Shares Group 4th
Meeting at Middels Tapas restaurant Main St. Drouin. Actual meeting starts at 10 AM please come early to purchase your Coffee.
On Friday, 4th February, 21 happy members met at Middels to talk about investing. After a chat over coffee, we began by looking at our Phantom Portfolio which is being led by Gary Mc. Just watch it Gary, Rob S isn’t far behind! We then enjoyed a quiz from the ASX website regarding Exchange Traded Funds, discussion on China and other interesting issues with regard to the financial market, not to mention what is going on around Warragul and Drouin. Our next meeting is on Friday, 4th March at Middels Restaurant at 9.30 for coffee with meeting at 10.00. All members are welcome
Serious Financial discussions.
Shares Group 7th
Due to illness meeting cancelled.
Rob J and Keith P correctly predicted the all ordinaries index level at end of last year and the trophy was presented to them. The next meeting is at Middells, Drouin, 9.30am 4th February. Scrabble group has largely been in recess because of Covid.
Rob J and Keith P holding the Crystal Ball as they were joint winners of the All Ordinaries prediction.
Shares Group 3rd
Dianne P chaired the meeting and about twenty of us started with a coffee, as we could gather at Middels Tapas restaurant Main St. Drouin. There was a pre-meeting chat that buzzed – a great feeling. Our meeting proper began at 10 a.m. with John H presenting the Phantom Portfolio. Barbara W was streets ahead of the rest of us with her choice of Playside Studios Ltd. The meeting continued with a deep dive into five stocks and which one of the five would be a BUY. Some excellent conversations ensued. We all enjoyed the meeting immensely and everyone was engaged. Dianne P Contact John Hill on 5625 4049 firstname.lastname@example.org
Shares Group 5th
Group meeting on Guy Fawkes day (5th November) was held on zoom,
without any fireworks. Many thanks to Graham H for organizing the zoom thing
We had 13
members logged on for the meeting with apologies from Joan L and Graham H.
decision was taken to try to get back to face to face meetings. From next month
we will be back at Middels where we can get a real cup of coffee and enjoy a
more inclusive dialogue. Those attending
will need to Q.R. code or sign in and have a double vaccination certificate.
Net Zero by
2050 created a lively discussion with a 2019 graph presented showing Australia
is the third largest G.H.G. emitter on a per capita basis at 16.3 tonnes per
person per annum, down considerably from several years ago when we held first
place at 27.3 tonnes. We explored the opportunities in electrifying everything
and concluded it’s going to be very difficult to switch from coal to renewables
without either building nuclear base load capacity or increasing gas dispatch able
generation neither of which seem to be appealing from an investment perspective.
in the companies review section was a company called Camplify
who seem to be a sort of Air BnB for R.V. (Recreational Vehicles) owners. We
looked at this company back in August when they were selling for about $1.40 a
share what piqued our interest again is the fact they are now above $4.00. Sadly
none of the group own any!
Di P will
Chair the next meeting on 3rd December,
hopefully, at Middels Tapas restaurant
Main St. Drouin commencing at 10:00am but if you want a cup of coffee try to
be there by around 9:30. All Welcome, contact Di on 0438 314 143 if your
not on the shares group email list and she will make sure you receive an agenda.
The 16 people at the Shares Group Meeting.
For the first time, Di P
was the leader in the Phantom portfolio, which pleased her mightily.
The topics ranged from the current buy backs of the big banks and
Woolworths to the many takeovers (of which Canada, and not China, is a big
player). We also discussed the $400m
fraud where Westpac and two other banks have only recovered $100 m.
It was considered that this amount of loss was chicken feed in proportion
to the massive billion-dollar profits made by the banks.
When questioned, the group thought, generally, that
there will be a downturn – the question is:
when? If you have any
idea, please let us know.
After a chat about what is
happening in Warragul, and how sad it is that the beautiful organic vegetable
farm in Butlers Track will be eventually under housing (sooner rather than
later), the meeting closed with hope that maybe our next meeting will be face to
of the attendees at the meeting.
Graham H, Shared his screen to everyone showing the website about BHP.
Graham H, Shared his screen to everyone showing the website about http://reneweconomy.com.au/nem-watch/
Graham H, Shared his screen to everyone showing the website about https://www.aemo.com.au/
The October Meeting of the Share Group will be held on
Friday, 1st October, when Rob S will be in the chair. At
the present time, the plan is to meet from 9.45 a.m. on
Zoom, with the meeting starting at 10 a.m.. A link will be
toward the end of September. Di P.
4th June at 10am (9:30am for coffee)
at Middel's Drouin
Chairperson: Rob S
Group Report. - Rob S.
H once again led the discussion on our Phantom Portfolio although most of our
participants are not doing so well. Thanks again John for your great work.
Friday April 16 2021, Chair person will be, Dianne P. with the usual Agenda and reports to be covered. meeting at
Contact John H on 5625 4049 or email@example.com
Friday March 5 2021, Actual meeting at Middel's Drouin.
of the group met yesterday with eleven apologies, most of whom are sunbaking on
the beach at Merimbula.
consensus was that the Middel's venue
filled our requirements (plenty of room, not too noisy and a decent cup of
coffee) for future meetings. The venue has been booked for the 16th April
subject to confirmation by Di the scheduled chair for the next meeting.
members may find it difficult driving to Drouin
so some offers on car pooling for those coming from Warragul (which is pretty
much everyone except me) would be nice.
Friday February 5 2021, Actual meeting.
The shares group ZOOM meeting was held on Friday 5th of February, with 16 members in attendance. Rob S was
month’s chairperson. Rob put together an interesting number of agenda topics
for the group to discuss.
effects of COVID on portfolios including outlook for 2021. Long term
effects of massive government debt.
US election and President Biden’s ambitious agenda.
review of each member’s Phantom Portfolio stock selection for the year. The
preferred stocks this year are mining, medical and tech stocks.
first in person group meeting is to be held on: Friday
Middels Tapas Bar and Restaurant, 94
Princes Hwy Drouin.
Time: 10:00 am
John H- Chairperson
If you would like to attend
please contact John on 5625 4049 Email: firstname.lastname@example.org
Next ZOOM meeting will be Friday 8th of January at 10:00 am. Everyone is welcome to join in so please contact Graham Hardie (0400 068 402) for an invitation and the link to the meeting.
The ZOOM meeting of the shares group was held on Friday
4th of December with 13 members in attendance.
John H reported on the Phantom Portfolio that has shown
a strong recovery in the past few weeks with the ASX out performing all
expectations and in the midst of a bull run. As of the 2/12/2020 our overall
profit/loss is now $160.97.
Best performing stock pick this month was Ivan G and
Rob J with their selection of Pilbara Mining.
Agenda topics for discussion were - ‘What’s in
store for 2021’
Hello Fellow Shares Group Members,
Well what a year we have had!
Or as the Mazda promotion theme says its 'ZOOM ZOOM ZOOM' for the foreseeable future.
With this in mind it is time to put in place a plan for our group to continue in 2021.
As you know I am standing aside as coordinator of our group next year to concentrate on matters close to home, or should I say the pursuit of a new one.
I have spoken to both Dianne P and John H about their availability for 2021. John, is happy to continue maintaining the Phantom Portfolio for us. Dianne is happy to stand in from time to time as coordinator too.
However this should not been seen as a permanent; both have other commitments to consider as I'm sure all of us do.
I have a suggestion I would like to put to everyone!
That is we have a roster for each month of the year. In other words each member will be allocated a month of the year to draft an agenda for that months ZOOM meeting., there are about 12 of us who regularly attend the ZOOM meetings so this would be an easy way of sharing the load. I'm sure we all agree that we love our discussion group and want it to continue..
Please let me know what you think of this idea?
Our Shares meetings will be continuing Virtually using Zoom, if you have not recieved an email Invitation please contact Joan.
Greg, this means you will have your name emblazoned on the
Shares Group Trophy.
Winner 30 June 2020.
Alas that was before the dreaded COVID-19 virus
Due to the Covid19 Virus, the Courthouse will be closed, all Shares Group meetings will be suspended until further notice. Watch out for reqular emails from Joan.
Meetings are were held at the Court House 1st First Friday of the month.
PLEASE NOTE. Because of the crowded conditions at the Courthouse, Joan would like to be told if you wish to attend. Please arrive early and have your Coffee in the Cafe prior to the meeting.
You are welcome to visit anytime, but if you really wish to get involved go on the first of July that is when every ones
phantom shares are refreshed.
3 January 2020.
Shares Group Report
Presentation of Chocolates: John and Ron
Diane Dalton, with 6834.
will be custodian of our perpetual trophy until the 30th of June
2020. Congratulations ‘Diane’
Presentation of Trophy to Diane Dalton
Presentation of Trophy to Diane Dalton
Courthouse, Smith street, Warragul at 10:00 am
2 August 2019.
15 attended the last meeting
at The Courthouse. The phantom
portfolio is $5225.88 in profit, with Peter S the leader. Discussions
included thoughts about the dramatic ASX movement, gold price, US vs. China and
the similarities in looks between Donald Trump and Boris Johnson. All welcome
to our meeting on Friday September 6 at The
5 July 2019.
of the All Ord's to 30 June 2019 is Tom McKenzie'
16 January 2019.
Presentation of the Crystal Ball
7 July 2018.
There were 20 members at the last Shares Group Meeting. The phantom portfolio finished the year in the red to the tune of $2200. Just as well it was not real. Chris O'B won the "Crystal" Ball Trophy for predicting the All Ords would finish at 6290. The actual figure was 6289.70. Well done, Chris!
2 February 2018.
There were 22 members at the last Shares Group Meeting
on February 2.
New shares portfolios were set up and new predictions taken for the All
Ords prediction for June. We look forward to another interesting but bumpy(?)
year ahead for the stock market. All are welcome to come to the next meeting on
January 2018. There where 23 members at
our Shares Group Meeting on Friday 5th of January, the largest gathering yet!
The All Ord's Winner 30
December 2017 is Rob J, at 6100 was the closest at the close of business
on the 29th of December 2017 at 6167.
After the above presentations John C did a presentation about Bitcoin.
4 November 2016.
After many years of hard work, Geoff has handed the leadership over to Joan L.
We must thank Barbara and Geoff for all of the hard work that they put in.
We also Welcome Joan.
5 August 2016
At our Shares Group meeting yesterday we were advised that the Court House would be closed for renovations at the time of our September meeting.
We decided to hold the September meeting at Barbara and Geoff's home at the usual time of 10.00 am on Friday 2 September 2016.
1 July 2016
At this meeting as usual it was decided to start Predictions of again. Jan M won the Crystal ball for the coming year. Because he predictions were the best.
21 January 2016
Predictions for the level of the ASX All Ordinaries Index
Each six months the members of the Shares Interest Group make predictions regarding the level of the ASX All Ordinaries Index at 30 June and 31 December.
The member who can most accurately predict the level of the Index each half year is rewarded with the beautifully crafted Ball with Windows of Opportunity made by Graham. The suitably engraved trophy is held for the ensuing six months.
At 31 December 2015 Pam L made the closest prediction. She was presented with the Trophy at the Probus Club meeting on 20 January 2016.
17 November 2015,
Warragul Probus have invited us to join them in a visit to Ridley Corporation (Baristoc) 70 to 80 Bald Hill road Pakenham
2 October 2015,
New Phantom port folio, only 1 stock in profit. Joan L she has chosen Bellamy's Australia Limited.
19 August 2015,
Probus Shares Group Report to August 2015 Meeting
Our August meeting was another well attended meeting
One of the highlights was Joan L was pronounced the winner of the current
Phantom Portfolio. Her initial investment in Capilano honey. had increased 2 1/2 times. We commenced a new
Phantom Portfolio and those present made their selections.
Estimates were also made for the level the All Ordinaries at 31/12/2015
Some advance notice for our October meeting. Although it falls on Daniel Andrews pre-Grand Final public holiday we are still planning to meet on it.
15 July 2015, Bob S has won by guessing the closest to the All Ords $.
Joan L has the winning shares with Capilano honey.
10 April 2015. Report on Visit to Computershare
An enjoyable coach trip to Abbotsford to view the operations of Computershare was undertaken by members of our Club in company with the Warragul Probus Club Investment Group.
Computershare which is Australia’s largest Share Registry operates in the historic, former "Yarra Falls" Mills building overlooking the Yarra River.
On arrival the group was taken to morning tea, followed by a presentation on the breadth of Computershare’s operations which extend to over 20 countries.
We were conducted in small groups to view the Company’s activities which take place over vast floors of open plan areas containing work stations, each with a computer screen.
Our more "mature" group observed that most of the employees were young and "computer savvy." We were impressed with the security arrangements in their premises and the measures taken to secure their systems.
After lunch in the company canteen we returned to Warragul, following an interesting morning.
2 Jan 2015, report, Phantom portfolio is just in the red, John S made the closest prediction of the all ordinaries and was presented with the Crystal ball for 6 months
report. At a well
attended July meeting of the Group a wide range of issues pertaining to the
Share Market were discussed.
Two of the
highlights of the meeting were the outcomes of the most successful investor in
the Phantom Share Portfolio and the most accurate predictor of the level of the
All Ordinaries Index at 30 June 2014.
with her stock of Bega Cheese was the leader in the Phantom Portfolio at 30 June
2014. This Phantom Portfolio had
been operating for the last two years. A
new Phantom will commence at the next meeting in August when members will submit
their stock selections.
2013 members made predictions regarding the level of the All Ordinaries Index at
31 December 2013 and 30 June 2014. Keith W made the closest prediction for
30/6/2014 and he now holds the “Crystal Ball with Windows of Opportunity”
trophy beautifully crafted by Graham H. At the August meeting members will also
be making their predictions for the Index for the end of December and June next.
This ball is being used as a perpetual trophy for correctly estimating where the all ordinaries will finish at the end of a time period.
The current winner of this trophy is Barbara Willingham.
eighteen members of our Shares group travelled by train to Melbourne to attend a financial presentation by an economist - Tony Farnham "Are the Hard Times Coming or Are the Soft Times Going?" He left us with the impression that it's not all doom and gloom. This presentation was followed by a light luncheon of sandwiches and drinks. Then Stephen Blackhall spoke. He is an expert in Superannuation and particularly Self-Managed Super Funds. He presented some examples re the advantages of superannuation and briefly covered the legislation of requirements in relation to Self-Managed Super Funds.
The weather was great and some members took the advantage to wander around the shops of the CBD. A good time was had by all.
Many thanks to Alan and Joan Scarlett who made the contact with Patersons for us and for Geoff Willingham who made the arrangements for this outing.
If any Probus members are interested in financial matters and , in particular, the share market: the group meets at the Courthouse on the first Friday of each month at 10 am. You would be most welcome.