But these two might be worth looking at, as they have exposure to growing markets outside of Australia.
AGI has been smashed for some reason which seems hard to fathom, as it has good exposure to US with a lot of growth potential.
The same goes for Crown CWN, hasn't been as bad, but is still quite a lot lower than it has been for some time, earnings per share are rising, they have a bit of debt, and it costs a lot of money to build these huge Casinos, but probably sustainable.
Good exposure to Asia, who seem to have plenty of high rollers that enjoy a punt.
As well as plans to build a casino in Las Vegas.
Recent article in the Australian
http://www.theaustralian.com.au/news/latest-news/packer-to-develop-las-vegas-casino/story-fn3dxity-1227012612057?nk=07dcec2cc9075ce47d8c2af828317beb
CWN
| Return on assets | 10.43% |
| Return on equity | 17.18% |
| Return on investment | 11.59% |
AGI
| Return on assets | 23.03% |
| Return on equity | 28.00% |
| Return on investment | 27.89% |
The ASX has given up all its gains since the end of May, with a fair amount of nervousness around, while the US market reaches new highs.
Gold stocks still falling, watch list dropped 2.5% so Medusa MML purchase worst of the bunch, but I'm sure it will have a run at some stage in the future, but will stay on the sidelines in that sector, look to sell Medusa MML, should have done more research on the stock, recent company update not very positive, and management seems to be on the nose.
The other sectors out of favour are iron ore and mining services.
both look a bit hard to pick any winners at the moment, and recent talk of a falling Aussie dollar makes me look for a bit of safety and perhaps exposure to the US market.
Our falling dollar is encouraging the repatriation of foreign money, so we get the double whammy of capital leaving and lower share market.
But we will get the reverse when our dollar finds a base, so hopefully sooner rather than later.
| Performance | 20/09/2014 | |||||||||
| Code | Company | Buy date | buy price | current | profit loss | all ords performance adjusted to purchase date | all ords at time of purchase | Sell Date | Sell price | |
| 0.7% | 5401 | |||||||||
| CRZ | Caresales.com | 23/05/2014 | $10.53 | $10.29 | -2.3% | 0.6% | 5403 | |||
| -1.0% | 5490 | |||||||||
| -1.3% | 5506 | |||||||||
| REA | Realestate.com | 28/05/2014 | $44.19 | $45.73 | 3.5% | -1.3% | 5506 | |||
| SUL | Supercheap auto | 7/07/2014 | $9.16 | $8.59 | -6.2% | -1.3% | 5506 | |||
| TRS | The Reject Shop | 7/07/2014 | $9.66 | $9.19 | -4.9% | -1.3% | 5506 | |||
| CSL | CSL Limited | 15/07/2014 | $68.55 | $72.94 | 6.4% | -1.1% | 5495 | |||
| CTD | Corporate Travel Man | 15/07/2014 | $6.55 | $7.32 | 11.8% | -1.1% | 5495 | |||
| FLT | Flight Centre | 15/07/2014 | $45.84 | $45.49 | -0.8% | -1.1% | 5495 | |||
| BRG | Breville Group | 27/08/2014 | $7.24 | $7.10 | -1.9% | -3.7% | 5648 | |||
| BSL | Bluescope Steel | 27/08/2014 | $5.42 | $5.60 | 3.3% | -3.7% | 5648 | |||
| AGI | Ainsworth gaming | 3/09/2014 | $3.41 | $3.12 | -8.5% | -3.8% | 5654 | |||
| MML | Medusa Mining | 15/09/2014 | $1.09 | $0.95 | -12.8% | -0.7% | 5473 | |||
| 5437 | all ords | 20/09/2014 | ||||||||
| Stockgrumble performance | 2.8% | -1.6% | all ords performance | |||||||
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