CTX (Caltex) and VEA (Shell ) on the ASX at 1 year lows (listing low for VEA from july) .
CTX PE 9.55 D/Y net 4.37% ( source ASB)
CTA Yield hardly impresses at all. In my opinion if ZEL can start to look like it can deliver on fully imputed annual dividends of 50 cps + it will recover to trade based on yield which should hopefully see a good share price recovery over time.
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
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