TTP - well, just read the thread
PRG - I think the NTA is actually less than the SP, but ignoring that you have the Watson factor.
GEN - eating it's way through the NTA
These are not even good guard DOGS.
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TTP - well, just read the thread
PRG - I think the NTA is actually less than the SP, but ignoring that you have the Watson factor.
GEN - eating it's way through the NTA
These are not even good guard DOGS.
TTP??? trans tasman properties?
AHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAH.............
wont even be worth a pawn on the chess board!!!
aspex
i sold my pfi at a small profit after it had done very little for years, but unfortunately just before the rerating started mid last year! the only reason i stuck with it for so long was that it paid out a respectable divi quarterly. don't know of too many who pay out quarterly, but it is viewed very favourably by some types of investor.
am still holding some kip, which seems a solid sort of hold, and has a slightly higer div. what says Kitty?
Cheers.
WRI, TEL, SKC, RBD, LPCQuote:
quote:Originally posted by goingtobe
Given the current state of play of the NZ share market/economy there is now a continual reference to buying "Defensive Stocks", and even better, "Defensive high yeilding stocks".
I would be interested in you opinions about which NZ stocks meet these criteria. CEN is one that is often mentioned, what about others.
Definitely not Contact Energy. Great company, good business to be in but far too expensive at $6.70 or so. The share price would need to drop by well over $1 maybe even $2 for it be considered defensive IMO.
SNOOPY
discl: hold all the above
NMNPB - yield with potential upside from share-backing and foreign currency gains assuming the NZD:GBP soon begins to return closer to the 0.33 long term average.
Dazza,
>>AHAHHAHAHAHHAHAHAHHAHAHHAHAHAHAH.......... ...<<
Please translate into sensible English, or did you have something stuck in your throat ?
I would go for stocks that should continue to grow their earnings,have low PE's and high div yields which will continue.
IMO the following have PE's in the 9 to 12 range,and div yields in the 7% to 11% range with good prospects of growing earnings:
FBU,HBY,EBO,STU-I would also go with TEL although PE a little higher.
Anything with falling earnings will be hit hard.
It's a bit hard to consider FBU and STU "defensive" in the current price situation. Rising earnings, yes, but would you buy them at the moment?
Not sure I understand what defensive really means-in the current climate there is no certainty in any stock not heading south.
From my perspective-earnings growth,low PE,and high div yield-means defensive over LT.
What stocks do you consider defensive?
I personally consider defensive stocks to be those for which earnings are non-cyclical in nature... ie the profit expectations are the same regardless of where the country is on the business cycle. For companies like FBU and STU, there is a heavy reliance on cyclical factors, so profits are more volatile than defensive stocks.
The reasoning is that the market will value the company on it's most recent earnings, so those companies without high profit volatility should hold their value better than cyclical stocks.