ARG - Argosy Property.

[Beagle]

I might have bought yours!
Grabbed a few on Monday... Held these a few years ago and probably wished I held on to them.
Back in now and will quietly park them in the bottom drawer.. Will grab some more on any price weakness over the next year or so.
Sometimes the companies that are a little boring and fly under the radar are the way to go!

+1, agree 100%. Boring and reasonably predictable is great in these highly uncertain times ! At $1.11 and 6.35 cps annual divvy that's a 5.72% PIE exempt net yield = 8.54% gross for those on a 33% tax rate. What's not to like.

[dibble]

+1, agree 100%. Boring and reasonably predictable is great in these highly uncertain times ! At $1.11 and 6.35 cps annual divvy that's a 5.72% PIE exempt net yield = 8.54% gross for those on a 33% tax rate. What's not to like.

I notice recent syndicate ads tout returns of under 6% recently. It would be an interesting call to invest in a single second rate asset with no exit strategy and weaker legislation (eg reporting) cover when you can buy into ARG for over 8% with better risk spread, governance and and liquidity. Perhaps the monthly payout is enough to lure people in...

[NZSilver]

They looked relatively attractive a few months ago, not now though the listed property companies are trading at such a discount.

[Beagle]

I notice recent syndicate ads tout returns of under 6% recently. It would be an interesting call to invest in a single second rate asset with no exit strategy and weaker legislation (eg reporting) cover when you can buy into ARG for over 8% with better risk spread, governance and and liquidity. Perhaps the monthly payout is enough to lure people in...

A lot of elderly people don't like or understand shares. They see an advertisement in the newspaper for syndicated commercial property with a pretty picture and a promise of 6% return paid monthly and they need the income and they compare it to the 2.5% on term deposit available with the bank and they think, property has been good to me and 6% is more than twice the income, that'll do me. Often that's all the thinking that goes into it, which is pretty sad.

[macduffy]

A lot of elderly people don't like or understand shares. They see an advertisement in the newspaper for syndicated commercial property with a pretty picture and a promise of 6% return paid monthly and they need the income and they compare it to the 2.5% on term deposit available with the bank and they think, property has been good to me and 6% is more than twice the income, that'll do me. Often that's all the thinking that goes into it, which is pretty sad.

Too true, Beagle. About 35 years ago I talked myself into buying a share in a syndicated shopping centre in Royal Oak. It proved to be too small to be competitive and sank without trace. Lesson learned.