For the benefit of someone who is greener than spring growth but interested in learning;
BRM according to ASB stats;
EPS 16c versus share price of .70c seems great to someone green
Dividend 6.3cps giving seemingly healthy return of 9.14%. Seems good.
P.E ratio of 4.25 making it seem cheap to someone green.
And even with 9% dividend there's still 10 cents per share left to play with.
As stated earlier the management fees are hefty but if the return is there....
I haven't researched this company which is obviously something that would need to be done prior to any share purchase however provided these returns were reasonably consistent then seemingly with due diligence his would be a good buy.
Yet the sentiment here seems generally unfavourable (to word it nicely).
So is this because;
a) people are unhappy about the performance and share price given the stellar run of the market as of recent
b) the company is not favoured due to lack of growth potential and relative uncertainty of dividends as opposed to say a utility company therefore 'guaranteeing' neither growth or dividends.
c) Mr market does what he wants.
d) Some other reason
Cheers
NBT