I used to invest in both USA and UK.
I am more than comfortable with the diversification available in NZ and Australia.
Printable View
You have described me and my Family Trust very well.
I do nearly all my fiscal transactions through my Family Trust,
and use this income source to top up my pension.I search for
Divvy Stocks for the above reason(s). The years excess is returned
back into divvy investments.
Must admit I bought heaps of FBU when they were ~$6.00 , still have them.
Cheers and Thanks for your posts
BB:)
MLN have put on a pretty good showing in recent months, with increased NAV, divs and s.p.
Currently trading at 78cps and has paid a 1.77cps div since July post, for a total shareholder return of 23.5% in 4 months. Next div 1.81cps (up 8.4% from the 1.67cps in Dec 2012). Discount to NAV has dropped back to more typical levels of 16-18%, but could still close the gap further if they can convince the market that they have improved their form.
Discount to NAV has reduced considerably in the last few weeks and is now around 10 or 11%. I suspect buying in their own shares is a major part of the reason.
There's lots I don't like about the way this 'share' is run but do like its exposure to Europe at the moment and did like the discount to NAV when it was around 18% - I have to say though that if the discount gets below 4% I'd sell and move the money to a properly run overseas European Investment Trust.
Was I the only STer at Marlin AGM yesterday? They put on a good lunch. Roast beef & pork etc.It was a mirror lunch to Brm Lunch a week before. Nice view of Ellerslie race course. A very relaxed meeting and not too many questions asked.
Whats the thoughts on MLN lately?