In this episode of Virtually Live, Shannon Rivkin covers Diversified financials, AGL Energy (AGL), Spark (SPK), the Z Energy dividend statement, Genex Power (GNX), M3 Mining (M3M),A2 Milk (A2M), and URFPA.
In this week’s show
- 0:33 – General market update
- 1:15 – Q1: Could you comment on the fortunes or otherwise of the diversified financials. Many have had big falls in price.
Also AGL, do you think it is finding a bottom - 4:48 – Q2: Spark paid a $0.12 distribution last week. I was of the understanding that this was going to be a franked dividend, however the statement refers to the payment as a distribution rather than a franked dividend and there is mention of imputation credit on the statement. Can you explain this?
- 5:53 – Q3: Can you please explain the Z Energy dividend statement in regard to the imputation tax credit? Is that applicable to us in this trade or is it forfeited to New Zealand?
- 6:34 – Q4: Given the increased focus on climate, what are your thoughts on Genex Power (GNX)? It’s share price does not seem to have jumped over the last five years, so I am wondering if it is even worth considering, and what its fundamentals and outlook (including any potential to be taken over) is?
- 9:06 – Q5: What is your opinion of M3M, it is about 45% up since it’s recent IPO. Is there merit to this valuation.
- 10:48 – Q6: Can I please get your thoughts on A2M? The slide in the share price seems to have slowed in the past 6 months with the share price going sideways in the range of $5.50 to $7.00. Is $5.50 a good entry price and do you see much more downside risk from here?
- 14:54 – Q7: Can you please do a review on URFPA (Step up bond)
Listen to the audio version
New Educational Videos
Members should also watch out for the first of a new series of educational videos that Rivkin plans on producing. These videos will be 3 to-6 minutes in length. We don’t want to inundate members with emails, so you can opt in to receive emails when they are released or you can simply see them on the website. The first one is discussing the opening and closing rotations on the ASX and can be found through HERE.
Rivkin does not take into account your or anyone else’s personal situation in their market and stock commentary. Please keep this in mind when you are taking buy and sell decisions about any of these stocks that are mentioned in our Virtually Lives.
