As is now my custom, I attended the Treasury Wine Estate AGM on Thursday. This time I planned in advance – a friend got a proxy from his wife to attend and two other friends who are not shareholders simply bluffed their way in. Even though the share price has crashed in recent days, the …
Author Archives: Ernest Zanatta
Why Does The Treasury Wine Estate Share Price Remind Me Of A Tom Petty Song Today?
I just checked my share portfolio on the Commsec app and am reminded that my decision to liquidate most of my Treasury Wine Estate shares two and a half months ago was an unintentionally astute move (unlike most of my share purchase and sale decisions). You see, this morning Treasury did a revised earnings guidance …
Australian Rules Football Enters A Golden Age In Queensland
In March 2005, I decided to take a two week holiday and travel around various parts of Northern Australia I had not yet visited: Ayers Rock (my heart skipped a beat when I first saw it from the plane), Alice Springs, Darwin, Townsville and Cairns. I ended the holiday with a few days in Brisbane, …
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Aliens Are Amongst Us In Avondale Heights….
Apparently mental illness is quite common, affecting one in five people per annum. I’m not sure quite how serious such illnesses are, and how many suffer in a way that causes them to lose their grip on reality. Nor can we always tell between delusions based on mental illness or on something else, such as …
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The Death Of Charlie Kirk – Some Reflections
Some 30 years ago I had a boss who was fond of quoting the poetry of John Donne, the first of the English metaphysical poets from Jacobean times. More specifically, she liked to make speeches where she quoted solemnly from No Man Is An Island, which is an important passage in English literature: No man …
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Jeff Babb – An Elegy For A Writer
My friend Jeff Babb died this morning. I will miss him. It is hard to accept that only three weeks ago, we met up for coffee and cake at a café in Keilor Road near his home. How does one measure the worth of a man? In the life that he lived and the people that he …
Council Rates Rise Again
In the past couple of weeks council rates have arrived in our letterboxes. This is, in my extended family, always a source of annoyance. Local councillors are rarely seen except when kissing babies at election time – I only met my local councillor when, during the Federal Election, she was door knocking on behalf of …
Swooping Season….
I have never actually gotten around to seeing any Alfred Hitchcock films – except for Psycho. Hitchcock having died around the time I started high school, his films really are for an older generation, and not as accessible. Yes, I am a bit of a Philistine. But I did read the short story on which …
When The Buses Don’t Run On Time
Aside from 7 months in the wilds of Belconnen (ie a township of Canberra) in 1999, I have lived my entire life within a maximum ten minute walk from the 406 bus route, which runs between Footscray Station and Keilor East (side note – I have this propensity to call it East Keilor). Before moving …
Treasury Wine Estate’s Share Price Dives, Again!
Let’s face it, I have never been good at timing the share market. When I buy is usually a good time to sell, and vice versa. Yesterday I seem to have inadvertently made an accidentally smart choice where I sold 900 of my 1000 Treasury Wine Estate shares at $7.78. Today, TWE shares dropped as …
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Lost For Words! 