I reckon the $Kiwi is in real trouble. 60 cents at some stage over the next year would not be a complete surprise in my opinion. Its really the currency that's driven my decision to reduce.
Agreed..best investment currently for me this past week has been holding overseas assets...
I'm resisting the fickle urge on certain stocks and this is one of them, might even add more if it drops below $5.
Originally Posted by RupertBear
Good on you Couta! Might buy back in if it drops below $5 myself
Agreed. I was happy to sell half at around $5.50, but more than happy to buy them back if the price gets silly. Very good well managed company with excellent stock turn, excellent growth prospects in Australia with Glassons and a very long track record. Trading on undemanding fundamental's with a highly attractive dividend yield of over 10% gross. I think they have a certain amount of pricing power with the currency and as mentioned before Australia sales will be unaffected by the lower $Kiwi...other than translation of Australian profits which will be higher in $Kiwi terms.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yep, not bad, but suppose its already fully priced in. No positive surprises - result is even a wee bit below the HY expectations. I think SP more likely to drop today ... bye bye $6
More than fully priced it it seems
At the top of every bubble, everyone is convinced it's not yet a bubble.
Agreed. I was happy to sell half at around $5.50, but more than happy to buy them back if the price gets silly. Very good well managed company with excellent stock turn, excellent growth prospects in Australia with Glassons and a very long track record. Trading on undemanding fundamental's with a highly attractive dividend yield of over 10% gross. I think they have a certain amount of pricing power with the currency and as mentioned before Australia sales will be unaffected by the lower $Kiwi...other than translation of Australian profits which will be higher in $Kiwi terms.
Understand you selling half and keeping your "free" shares Mr Beagle but dont you find it hard watching your profits slipping away? I guess when its a good company the sp will gp back up again and the divvie is pretty good
Originally Posted by Beagle
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I guess when its a good company the sp will gp back up again and the divvie is pretty good 
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