sharemarket discussion thread (2 Viewers)

[Dumsum]

CBA also getting raped today, looks like the BankWest acquisition is frowned upon...

 

[stazi]

frowned on? lol. any company who acquires another will have a sharp decline in share price in the medium term. to acquire a company, they need to spend a lot of money. where does this money come from? revenue and borrowings. profit decreases, and the risk of default becomes higher.

apparently theyre also acquiring some other bank?

also, look at AGO: pretty crazy stuff. Dropped 12.7% and then a trading halt was called for an annoucement. It's likely going to be a bad announcement.

 

[Dumsum]

But I thought that despite spending money, they'd be acquiring a similar amount in assets / implied value.

i.e. equity is similar.

 

[stazi]

Purchases are made based on predicted future value. If the current value of your company is $100,000: but your projected earnings are $500,000 over the next five years, you would be expected to pay more than $100,000. You would probably pay over $500,000 due to future earnings potential, and not break even until after those five years. Most investors look for short-term gains.

 

[chicky_pie]

I heard Iceland is first to go bankrupt soon, lol.

 

[stazi]

looks like the market is rebounding worldwide

 

[Rafy]

dead cats bounce too

 

[stazi]

DJI 1% up within a minute of open

 

[stazi]

dead cats bounce too

I just want a good rebound for mqg so i can sell that off for a little gain

AUD is going well, too. 11c gain against the fijian dollar which is great for me

 

[Rafy]

dji now in the red

9,170.57 -87.53 (-0.95%)

 

[HalcyonSky]

looks like the market is rebounding worldwide

..not

 

[stazi]

..not

actually it was: European and Asian markets rebounded a few % points.

however. fuck!

DJI -678.91 (-7.33%)

That's crazy. I'm selling my MQG shares at open as I have a feeling our markets are going to freefall

 

[Animals]

actually it was: European and Asian markets rebounded a few % points.

however. fuck!

DJI -678.91 (-7.33%)

That's crazy. I'm selling my MQG shares at open as I have a feeling our markets are going to freefall

Don't sell your shares yet! A friend of my dad's said that a large investment firm in Germany is planning on acquiring the company which means that the value of the shares will skyrocket. Just hold out on selling them for a while.

 

[stazi]

lol 'a friend of a friend of a friend of a friend'. i doubt that they will be acquired in the medium to even long term given how much they would be worth and how fucked the markets are worldwide.

General Motors fell 31% last night. This is why I want to abandon the sharemarket ASAP. Australia hasn't had as significant losses as in the US

 

[kony]

Don't sell your shares yet! A friend of my dad's said that a large investment firm in Germany is planning on acquiring the company which means that the value of the shares will skyrocket. Just hold out on selling them for a while.

yay for insider trading.

or is this public news already?

 

[Rafy]

XAO 4,067.500 -223.800 -5.500%


DJI now down 40% from its peak exactly 1 year ago.

 

[stazi]

ffs. MQG down 8%. ahhhhh

 

[Animals]

ffs. MQG down 8%. ahhhhh

How much have you lost player?

 

[bazookajoe]

AUD is going well, too. 11c gain against the fijian dollar which is great for me

1 AUD = 0.669708 USD

looks like the market is rebounding worldwide

ruh roh!

 

[Dumsum]

Oooh, I wonder if we'll break 4,000 today. How exciting!