Stock is undervalued IMO and the pick of the power companies at the moment, expecting a nice divvy forthcoming.
Consensus view of analysts is outperform. Smart man of CNBC the other day recommended investors add to defensive high yielding positions in utilities so I did that today with this. I also hold some Meridian and Genesis.
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
Consensus view of analysts is outperform. Smart man of CNBC the other day recommended investors add to defensive high yielding positions in utilities so I did that today with this. I also hold some Meridian and Genesis.
Wise move Beagle, $3.60 is my target, why people would pay $4 for SPk or $4.40 for CNU instead is beyond me.
Yep that will be it, 50 mill spent on that, total dividends down from 19.6c last year to 15.1c this year. Share buy back hasn't done anything for the SP unfortunately.
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