In this week’s show
01:37 – Q1: I hold shares in Eagers Automotive. Today I sold some and locked in a profit of 82%. I bought them before they negotiated a deal to buy a Canadian company that is similar to APE.
I hold shares in 12 great companies, all of which are in my SMSF. My holding in APE is now equal weight, based on closing share prices on 13 August ($23.43). The term equal weight does not include my cash holdings. My SMSF is in pension mode.
Key things I note:
APE are releasing their half year results on 27 August. I assume that will include an update on the Canadian company integration.
Director Nicholas Politis increased his holding on 4/6/26 by purchasing 100,000 shares at $20.23. He already owned 79,314,000 shares. The other substantial shareholder is Michelle Prater with 4.45%. State Street bought and sold approximately 5% of APE.
02:25 – Q2: There have not been any other substantial shareholders.
I love franking credit refunds. My only shareholding that isn’t fully franked is IPH.
Based on today’s closing price and historical dividends, the grossed-up yield is 4.52%. My Macquarie Accelerator account is paying 4.65%. Historically though, “cash always loses”
Do you have any thoughts about APE and what its short and long-term future is likely to be?
What proportion of the company is likely to be Canadian vs Australian?
What impact will that have on franking credits? With regard to IPH, I add 10% to the income, instead of 43%.
I would appreciate your insights.
06:25 – Q3: Why is the market doubting the takeover of Reliance Worldwide Corp?
10:44 – Q4: Please provide your thoughts on Temple and Webster following their drop in profit as per their results announcement.
15:38 – Q5: Can you please give your thoughts on Mayne Pharma (MYX)? It seems to be coming well off its April lows.
Also DroneShield (DRO), which seems to be heading the other direction.
And finally, Bitcoin, which seems to have run out of steam.
