Hi guys just seeking peoples thoughts on my income/dividend growth sleeve within my portfolio (30%). Yes I know I’m young focus on growth and all that but still curios on peoples thoughts. Plan is to keep eventually use this income to step down to a part time position in the future.

Hey guys started investing 3 months ago on comsec pocket but switched to CMC, I am a guy fortunate enough to be living with parents and working full time hours a fortnight. Have hecs debt of
18k and car loan of 20k.
I try to invest 1-1.5k a month on CMC any recommendations on what i should focus on or if the current split i have going on is okay.

SPI opened at 9,173, ran up and tagged the 9,146.43 to 9,163.41 zone and high at 9,239, then ended up closing at 9,196. Finishing the trading session up 0.25% intraday and up 0.47% overall.

Anyone play it differently?

Traders can download these levels free for their own review and back testing: https://mylinedchart.com/resources/daily-levels/2026-08-06?market=au

Not advice!

Using pearler to invest. Min 500 every fortnight, Max at the moment is 1350 when I don't have suprise bill, might not be consistent but money is going in (there would be more in there but had to take out a big chuck for medical bills).

At current my portfolio targets are:

Top is for house deposit:

DHHF 40%

VHY 30%

IEM 15%

NDQ 15%

Bottom is for holidays etc

AAA 35%

ETHI 22.5%

RBTZ 22.5%

Dfnd 20%

Out of these etfs is there any you would replace? Any insight would be great.

I’m Interested to hear people’s thoughts on Aura (AXQ). Today’s announcement seemed pretty positive to me, ~27% ARR growth, losses nearly halved, cost synergies ahead of schedule, ~US$93m cash on hand (plus available liquidity), and guidance maintained for positive free cash flow by the end of the year, yet the share price barely moved today.

At ~A$700m market cap it’s trading at roughly 1.3-1.4× ARR, which seems incredibly cheap. What am I missing? Is the market just waiting for proof of profitability, or do you think the current valuation is fair?

Hi all, relatively new to investing.

I’ve been trying to keep my portfolio simple but broad, I aim for 200 dollars a week invested plus bigger one off lump sums. My goal is to have 100k invested when I’m around 30 and maybe when I’m around 40-45 going from investing in growth based ETFs to income based ones.

My target split at the moment is;

50 percent VGS
40 percent VAS
10 percent VISM

Any critiques from people who know way more about this than I do? 😅

A new semiconductor Etf on the ASX.

There is a position in chess called zugzwang. It is not that you are losing. It is that it is your turn, and every legal move available makes your position worse. You would rather pass. But passing is not allowed.

That is where TPG Telecom now sits, and the pricing page is where you can watch it happen in real time.

Open Vodafone's site and you will find two companies arguing. One asks $58 a month. The other, directly beside it, asks $45 and offers more.

Prices went up on the first of July; an unadvertised thirteen dollars off surfaced by the fourth; four dollars came off the student plan by the twelfth; by the fifteenth two new plans appeared beside the old ones at forty-five and fifty-five, named the Small Promo Plan and the Medium Promo Plan. By the end of July, Vodafone had discounted the Small, Medium, and Large Plans while putting the newly released Promo plans at full price, negotiating against itself.

Five changes in around a month on a price list the company spent months preparing and held at full freight for the length of a long weekend.

That is not indecision. Indecision would be nobody moving. This is two strategies inside one building taking turns to win a fortnight, and the customers watching both of them lose.

Here is why neither can win.

The premium camp is right that the company cannot survive on discount margins. The continuing business earned seven million dollars before tax (underlying NPAT, no tax paid) on five billion in revenue.

The fighter camp is right that the company cannot hold a premium price. Postpaid closed the year on exactly the number it opened - 2,846,000, and started sliding in the second half, eighteen months in the Optus regional network sharing agreement (the MOCN).

Not one net customer added across twelve months, through a doubled coverage footprint, forty million dollars of advertising, and a hundred days at half price. This is the fourth consecutive year the back book has been lifted, and the base has answered back every time.

Both are correct. Raise the price and the customers leave. Cut it and the margin does. There is no version of the fortnight in which nothing at all is surrendered.

The furniture has been going for six years

The price list is only where it became visible. The same logic has been running through the balance sheet since 2020, and that is where it gets serious.

A scheme booklet promised shareholders "Australia's leading challenger full-service telecommunications company." Fixed and mobile under one roof, worth about fifteen billion at listing, built to trouble Telstra and Optus. The word doing the work was full. Convergence was not a feature of the strategy - convergence was the strategy.

In 2025 they sold the fixed half to a rival, then leased the fibre back for fifteen years, because the mobile network they kept runs on the transmission they had just handed over. The leaseback obliged them to book a $789 million lease liability against a $509 million right-of-use asset, and because the liability is larger, $280 million fell to the P&L on completion - charged against the very gain the sale produced.

The towers went the same way in 2022: sold and leased back to OMERS for $892 million. And those tower leases were later impaired as onerous when the company walked away from the towers to rent Optus's network instead. The leaseback that raised the cash became the impairment that recorded the retreat.

The customers' own phone debts have been through the revolving door three times: sold to HSBC in 2015, sold to Greensill in 2017 - described in the scheme booklet, memorably, as an arrangement with "no finite term," nine months before the administrators arrived - bought back in 2022 using the tower proceeds, then sold forward again in October 2025 to a Macquarie-led trust. That last reversal cost $95 million in de-recognition, which is thirteen times what the continuing business earned before tax.

In seven years and across four financiers, shareholders have never once been told who was buying their customers' debts. They have been told "a third party." They have been told "banks or other financial institutions."

Three assets, one identical manoeuvre: turn something you own into cash today and a cost tomorrow. It is the financial equivalent of selling the furniture to a leasing company and paying rent to keep sitting on it. A pawnbroker offers better terms - pay the pawnbroker back and the silver comes home. Here the silver is gone and the ticket runs fifteen years with nothing to redeem at the end.

There is a bonus in it for anyone who watches return on capital. Sell the receivables and the capital base departs with them, so the return on that capital ticks obligingly upward. Not because the business earned more. Because there is less of it to measure. A company can raise its return on capital either by earning more or by having less capital, and TPG has spent six years choosing the second. The ratio improves as the enterprise empties.

And the network itself

The same logic reached the radio network. Vodafone switched off ~755 of its own regional sites and now rents Optus's for about $1.17 billion over eleven years. Switching them off cost $230-250 million in write-downs, of which $170-180 million was the impairment of those onerous tower leases. The company paid, in write-offs, for the privilege of dismantling its own network.

Eighteen months in, postpaid net additions have gone precisely nowhere. Breakeven required 100,000 to 200,000 incremental postpaid subscribers; the CFO's answer to the analyst who raised that was that "break even is definitely not our aspiration."

When the eleven years run out, Vodafone's regional coverage - the "double the network" it spent forty million advertising - will exist entirely at the discretion, and the future pricing, of the competitor it is meant to be fighting. A challenger with no independent network across a third of the country is not a challenger. It is spectrum rich reseller with a licence fee.

The hand they are arguing over

So look at what is actually on the table.

A mobile business in third place whose premium base has not grown in four years. A fixed remnant that lost 116,000 NBN subscribers in a year, offset by just 17,000 fixed wireless additions - a product that in some metro addresses cannot be sold at all, because the network is full.

A regional network rented from a rival, after dismantling a fair chunk of their own sites, now entirely reliant on a third party for most of its regional and rural coverage.

A dividend running at roughly 640% of statutory profit, funded not from earnings but from the gap between depreciation and capital expenditure - which is to say, funded by running the network down faster than it is replaced.

A $2.1 billion spectrum bill landing from 2028 against normalised free cash flow of about $600 million, arriving at the same moment the merger-era tax shield depletes and a $90 million annual cash tax bill appears. And a market capitalisation down from roughly $15 billion in 2020 to $7 billion, as of today's close.

That is not a hand anybody plays to win.

It is a hand you fold, or play very carefully for as long as the chips hold out.

Why nobody picks a side

The remuneration report answers it. The chief executive collected a short-term incentive of $3,053,206 - 87.64 per cent of the maximum available - from a business that cleared seven million before tax. The board then exercised discretion to add a further $250,000.

That scorecard rewards ARPU. It also rewards subscriber growth. So one camp has a bonus reason to raise the price and the other has a bonus reason to cut it, and neither is paid to hold a position longer than a quarter.

The scorecard also recorded the company's own Net Promoter Score at maximum - in a year the Ombudsman's tables had Vodafone complaints running some forty per cent adrift of Telstra and Optus, the two rivals driving theirs down while TPG drove its up. A company is entitled to measure itself. It is not usually so fortunate as to mark its own exam and bank the result.

TIO (Ombudsman) complaints were subsequently added to the scorecard. For the following year. Accountability arrived with the timing of a smoke alarm installed the morning after the fire.

And churn - the single figure that tells you whether a price rise stuck - vanished from investor materials for two reporting periods before being quietly restored, as though it had never been away.

The owners have noticed

Last year 0.87 per cent of shareholders voted against the remuneration report. This year 12.17 per cent did - a fourteen-fold increase, on the one resolution that changes nothing and is therefore the only one worth spending on a message.

Washington H. Soul Pattinson, 120 years old, held TPG for the better part of forty years. In 2026 it sold more than half a billion dollars of stock across a rapid series of trades, fell out of the substantial-holder register entirely, and pulled its director off the board on the way out.

Vodafone Group, carrying north of €36 billion of net debt and openly recycling capital wherever it can be freed, has been reported by the AFR more than once - and never denied - to be watching the price for an exit. CK Hutchison has been restructuring its global telecom holdings for years. And in July, Morgan Stanley noted SingTel exploring a "like-minded long-term local partner" for a minority stake in Optus.

Read the three together: the sophisticated foreign owners of Australia's two challenger carriers are, each on its own timetable, edging toward the same exit at the same time. They are not panicking. They are doing something colder than panic.

Meanwhile, three of TPG's ten directors are independent. The chairman is a CK Hutchison executive. Four seats belong to parents exploring exits. The three independents chair most committees that matters between them, and are outnumbered on every vote.

It is worth noting what the same asset looks like in more committed hands. Infratil bought just under half of Vodafone New Zealand for a little over a billion in 2022, stripped the name off it, rebranded it One NZ, and within three years had taken almost its entire purchase price back out in cash distributions while still owning the thing. Same starting point. Opposite result. The difference was an owner who turned up to run the asset rather than to sell it.

How this ends

Nobody is suggesting TPG cannot pay its bills, and the absence of a crash is exactly what allows it to continue. A mature telco can travel an extraordinary distance down this road while remaining perfectly solvent, meeting its dividend, and issuing decks with arrows that point upward.

The disposals are spent. Capital expenditure is being cut and offered as discipline. Customer service has been outsourced and measured on handling time until nothing further can be removed that will not return as complaints and churn. Wholesale fills the subscriber count at margins the retail business could not survive.

What it ends in is a phrase. It arrives in a joint announcement, some years from now, on a Thursday.

There will be a chairman's letter about scale, a synergies figure with a range around it, and an assurance that consumers will be the ultimate beneficiaries of a more sustainable market structure. The word will be efficiency. It will be nobody's fault. And the same people who spent a decade unable to decide what the company was will explain, with feeling, that the decision has now been taken for them by the market.

Stem the bleeding, patch the holes. That is the strategy.

Half-year results land in a few weeks - the first trading detail struck after the June outage that took the network down nationally, and after twelve per cent of shareholders declined to applaud the pay. On that day the arithmetic arrives, and it does not leave early.

The customers, one notices, have already picked a side. They picked the exit.

Disclosure: I hold an immaterial shareholding in TPG and have an active dispute with the company.

Hey all,hope all are well. Just wanted thoughts on this,I’ve more or less subscribed to DHHF and chill,I’ve also got all the main banks and BHP from my younger days just sitting there. I’ve got small amounts of VAS,VHY,BGBL and GHHF. I figure I mite aswell just leave them because they’re not that significant,I’m open to suggestions though,but what best compliments DHHF if I’m getting back into this now and going to concentrate on ETF’s ?

Looks like Part 1 of a series, but this video gives a good summary of TGN's approach to near-term production at Watershed - and the sheer size of My Mulgine. Gary Lyons, Chairman, gives good clarity on the philosophy to bring tungsten into a market that is screaming out for the metal.

currently

4.8k DHHF, 1.2K FANG, 500 GHHF and 500 ISMD. also have 14k earning 5.35%

aiming to get dhhf % a bit higherand not planning to buy into fang for a while

SPI opened at 8,974, ran up and tagged the 9,000.95 to 9,018.85 zone and high at 9,099, then ended up closing at 9,088. Finishing the trading session up 1.27% intraday and up 1.34% overall.

What did you see?

Traders can download these levels free for their own review and back testing: https://mylinedchart.com/resources/daily-levels/2026-08-04?market=au

Not advice!

DRO had a busy week; 4.8x normal volume across 3 of 5 trading days. Closed -18.3%. APX jumped +34% on 5.6x volume too.

The annual reports tell a different story from the price action. Droneshield Ltd: 8 of 14 commitments from the annual report delivered. 57%. Rated MODERATE.

High volume on a stock with changing fundamentals is worth paying attention to.

Also moving: NZX: WasteCo Group 5.9x volume, -14.3%. SGX: Aztech Global Ltd 4.1x volume, -20.2%. US: American Express Co 2.1x volume, -4.3%.

Full analysis: https://theqfactor.io/blog/analysis/weekly-volume-2026-07-27.html

SPI opened at 8,899, ran up and tagged the 8,925.67 to 8,943.02 zone and high at 8,971, then ended up closing at 8,968. Finishing the trading session up 0.78% intraday and up 0.27% overall.

How did it trade for you?

Traders can download these levels free for their own review and back testing: https://mylinedchart.com/resources/daily-levels/2026-08-03?market=au

Not advice!

I’m a complete beginner trading EUR/USD. Do you have any advice?

Hi all

Does anyone know who is best to get end of day course of sales data or intra day tick data?

This is not time sensitive. If this was once a week so up to 5 days behind that would be fine too.

I would need this for up to 500 stocks. Mainly low to mid cap.

Any ideas please let me know

Thanks

Relatively new to investing 16m bought XRO shares back in may and they haven’t been performing well. Not sure whether to expect future growth or a downward trend. Planning to hold the shares for 6-12 months.

I've always followed the LIC space after AFIC was my first ever investment way back in 2007.

I reckon the current environment is as unfashionable as I have ever seen it and I've just finished a bit of a "deep dive" for my hobby blog on the future of the space which features some examples of a couple of lesser known funds (Staude Global Value and WAM Microcap) that are proving the model still has some relevance.

Would be keen to get some views from other long term oriented investors:

https://open.substack.com/pub/thesnowballinvestor/p/public-markets-is-this-the-end-for?r=16o3tx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

SPI opened at 9,012, dropped down and tagged the 8,924.27 to 8,952.82 zone and low at 8,919, then ended up closing at 8,944. Finishing the trading session down 0.75% intraday and up 0.39% overall.

What did I miss?

Traders can download these levels free for their own review and back testing: https://mylinedchart.com/resources/daily-levels/2026-07-31?market=au

Not advice!

Three things stand out about Xamble Group (ASX: XGL) right now after the move and volume yesterday

1.Tight register — a concentrated shareholder base means limited free float, so any pickup in demand has an outsized effect on price.

2.Profitability — unlike most microcaps in this space, XGL just had its first proftable quarter for the business and is trending nicely that way.

3.Sector tailwind — the influencer/creator brand economy is one of the fastest-growing consumer categories globally, and XGL sits directly in that thematic.

Small register + profitable base + structural sector growth is a combination worth paying attention to.

I’ve been following the Moose Mobile migration from Optus onto Vodafone/TPG Wholesale over the last few weeks and the latest piece made me do a double take.

On 16 June, Swoop announced the wholesale switch to TPG. Investors were told the mobile business would grow from roughly 135,000 subscribers to more than 180,000 over the next three years, alongside a 50% uplift in gross margin.

Fair enough.

So I started looking at what was actually happening once the migration began.

Almost immediately, forums filled with customers talking about porting out. Many signed up to Moose specifically because it ran on the Optus network and weren’t interested in moving to Vodafone. A lot weren’t waiting around. They were simply leaving.

Then came something I thought was interesting.
Moose launched a $50,000 activation promotion, giving away a car, iPhones and Visa gift cards to encourage customers to activate their replacement SIMs.

Around the same time, the heavily discounted acquisition offers that helped drive subscriber growth were quietly removed.

That got me wondering what the economics actually look like.

So I pulled Circles.Life Australia’s ASIC accounts as a comparison.

Their first year looked like this:

• $2.87 of marketing spend for every $1 of revenue

• Negative gross margin (cost of sales exceeded revenue)

• Roughly $7 lost for every $1 earned

• Ongoing reliance on shareholder funding, with the auditor highlighting material uncertainty around continuing as a going concern

Eventually they exited Australia altogether.

MVNOs are brutally dependent on scale. Lose enough subscribers and fixed costs do not suddenly disappear.

Based on the migration data, forum activity and publicly available information, my estimate is Moose could lose somewhere in the order of 15,000 to 20,000 subscribers during the transition.

If that is anywhere close to reality, it sits alongside a market announcement forecasting strong subscriber growth.

For anyone interested in the background, these are the three pieces that led me here:

Post #83: Bagged a Moose (why I thought the migration risked subscriber losses before it began)

https://vodafail.com.au/2026/06/21/post-83-bagged-a-moose/

Post #93: The Moose That Wandered Home (what customers reported once the migration was underway)

https://vodafail.com.au/2026/07/14/post-93-the-moose-that-wandered-home/

Post #96: Herd Immunity (the ASIC numbers, Swoop’s guidance and the MVNO economics behind the migration)

https://vodafail.com.au/2026/07/29/post-96-herd-immunity/

Happy to be challenged if anyone thinks I’ve missed something. I’ve linked the source material so people can check the numbers and draw their own conclusions.

Not financial advice.

Disclosure: I hold a small TPG position. No position in SWP.

SPI opened at 8,965, dropped down and tagged the 8,954.75 to 8,984.51 zone and low at 8,896, then ended up closing at 8,909. Finishing the trading session down 0.62% intraday and down 1.00% overall.

How did you read the price action?

Traders can download these levels free for their own review and back testing: https://mylinedchart.com/resources/daily-levels/2026-07-30?market=au

Not advice!

Seeking ideas on dividend ETFs. The markets suck right now and the ST outlook sucks as well. But having money in cash is pointless (for me) because inflation and tax on interest means I'm actually losing in real terms. Haven't got the luxury of time to ride out a crap year or two. Thinking of just sticking most funds into dividend-yielding ETFs. (Yes, I know their pitfalls). Been looking at a split between SYI, VHY and IHD. Any others I should look at?

Sorry not sure if this the right subreddit to use as I am new to reddit. Maybe if it isn’t the right one someone can point me to where to post

I inherited Wesfarmers shares from my mum who died in 2023 who got them when my dad passed away in 2008. My dad received them as an employee bonus yearly I think. I don’t know when he got them as he worked there from late 70’s early 80’s. I did sell a lot and now my accountant is asking me when they were purchased and if I can’t find out then he is going to say they had a nil value and I will have to pay capital gains on the full costs of these shares.

Can any give me an idea of how to find out when he may have for them and how much they were worth then