1992 Mitsubishi - if anything major needs repairing it goes to the scrapyard (sorry for being off topic) :)
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Don't forget the HBL divvies are fully imputed so gross yield if they pay 8.5 cps in total this year is (8.5 / 159) /0.72 = 7.4%. (You can boot that 7.4% to 7.6% effective by taking shares in lieu of dividend at the 2.5% discount (7.4 / .975) At 8 cents annual divvy the gross yield is still circa 7%....plus earnings growth should translate to further SP growth. Looks like a pretty reasonable investment proposition to me.
"On the road to no where" [thank you Talking Heads]
If we look at the share price performance over the past few years it is easy to see which share Talking Heads were singing about.
Share price increase.....................1 year.............2 years...............5 years.
SKL.........................................16.67% .............12.41%................6.91%
HBL..........................................38.60 %...........17.91%.................267.44%.
I see no reason why HBL can not out perform SKL by the same margin over the next 5 years.
So 2022.......... sp.SKL$1.63........................HBL............ ..$4.25.
Today..................SKL $1.53.......................HBL..............$1.59 .
So taking part in HBL's SPP will be well worth while.!