ASBPA, ASBPB and ASB030

[freddagg]

I certainly owe Chris Lee a big thank you.

[Grimy]

Hi Roger,
Agree that repayment is not a given and like you I think that this is cheap money for ASB.
It's one of those investments that I am comfortable with holding short/medium/long term.
Like my investments in CASHA & IFTHA, these have been quite good to me over the long term, with some great buying and selling opportunities along the way.
Their liquidity is also worth something to me.
Like a lot of investments, the less pressure you are under to make a quick buck and move on, the easier it is to do alright with them (and the easier it is to sleep!).
Thanks for the figures you supplied.
Grimy

[tim23]

I hold too but see firmer this week wonder if repaymen might be coming I bought at about .78 thought lower yield was balanced against gain available on repayment.

[Grimy]

I guess only ASB knows if and when they are repaying, but a nice lift this week.
My average is .738 so happy sitting and collecting the pay outs while waiting for news.....

[tim23]

Another good week for a& bs announcement eminent?

[Grimy]

I expect the price to gradually increase towards the first call date, and then jump either way depending on what ASB decide to do.

[Grimy]

First call date I think is next year, so I doubt there would be any announcement from ASB this far out.
And if there was then no one who knows about it would be buying with insider knowledge. Surely........

[tim23]

So far your prediction is spot on...

[Grimy]

I hadn't checked prices for a few weeks. A nice rise. I'll be hanging on for repayment-still 20% (or is that 25%?) upside if all goes according to plan!

[tim23]

Up they go today too!