Originally Posted by
percy
Sorry I forgot about this thread.Lets start afresh.
Objectives;
Time frame 4 to 5 years
The portfolio is looking for dividend yield of 3% pa with the capacity to grow to 6% to 8%.
Low churn.
HBL.Heartland Bank.Share price $2.11,PE 17.34,yield 4.22%.A proven winner.Strong organic growth in niche markets New products being well received via digital channels.Very high net interest margin.
HLG.Hallenstein Glasson,Share price $4.25,PE 14.67,yield 7.41%.Business back to marketing the right clothes the customers want. Momentum gaining traction.As per all retailers we need to watch out for weaken NZ $ and customer's buying patterns.
MEL.Meridian Energy. Share price $2.98,PE 36.75 yield %6.34%.Renewable energy supplier in both NZ and Australia.Powershop gaining traction in Australia.MEL's IT being licenced in UK and most probably Europe some.Growing use of Electric Cars will help grow demand.
OCA.Oceania Healthcare.Share price $1.03.PE 14.61.Yield, not yet paying a dividend.Retirement village/care provider.Strong tail winds will drive this sector over the next 20 to 30 years.,
SUM.Summerset Group.Share price $5.52,PE 6.59,yield 1.63.Proven record of following Ryman's successful retirement village development model.Development and unit resales growing strongly.Although the yield is poor the share price growth will more than compensate.
THLTourism Holdings.Share price $5.95,PE 23.19.yield 3.53%.Independant motor home holidays/travel is a growing worldwide sector.THL's business models are at the forefront,providing for all their customers' requirements.
TRA.Turners Automotive Group.Share price $3.27,PE 12.81 yield 4.43%.Vertically integrated business model, in a fragmented used truck.equipment and vehicle sales sector.Property developers of their own premises,sales,finance,insurance,and soon vehicle repairs.
All the above have strong balance sheets,good directors,strong management,strong brands,and are focussed on their core businesses.
But wait there's more.
For those people with a short attention span,ie 4 months instead of 4 years;
ALF.Allied Farmers.share price 10.6 cents,PE 10.93,yield 1.89%.Business turnaround is gaining traction,with ALF gaining market share in livestock commissions,and now finance.Could be a bit of fun should litigators are successful in the up coming Property Ventures directors court case.