ASR 0.00% 0.3¢ asra minerals limited

australian stock report membership, page-5

  1. 14 Posts.
    If anyone is is interested in seeing the real results from trading for the first 3 months of this year let me know.

    They made their first quarterly loss.

    The annoying aspects of their results (on the website) are that it doesn't include transaction costs. My results show a big amount of slippage as well.

    They say a loss of 13%, but include transaction costs this should be around 20%. So it would follow that even in winning quarters a significant amount of profit is eaten up by these costs.

    My loss from trading ASR has been more like 30% including transaction costs.

    They use dodgy sales tactics so be careful. Their excuses are little hard to stomach sometimes. Especially when excellent opps during the recent correction were available and they produced nothing.

    I will track the real cost over the next 3 quarters and hopefully they can turn it around.

    Just as well that I trade multiple systems and strategies and they are making me money. Hopefully the ASR drawdown isn't too much. Their last few trades have been Ok, although they panicked out of a good RIO and AXA trade.
 
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