^^^^ LOL Absolute classic...so bored I bought some more at a 10% discount to NTA and trading cum a 1.55 cps divvy next month too.
Printable View
^^^^ LOL Absolute classic...so bored I bought some more at a 10% discount to NTA and trading cum a 1.55 cps divvy next month too.
Even at $1.055 trading cum a 1.55 cps divvy due next month, (effective net purchase price $1.04), that's a >7% discount to NTA which is now just over $1.12.
6.25 cps divvy for the year ahead gives a 6% net return to shareholders for this portfolio investment entity approved fund which is equal to 9% gross return to those taxpayers on a 33% marginal tax rate, (i.e. those earning over $70K).
I would argue that's one of the very safest and amongst the highest returns in the market today.
Safe harbor for some of your funds ?, you folks be the judge.
Gosh ... what part of "don't tell anybody" do you guys not understand? Somebody must have leaked - just look at that chart:
Attachment 9961
I guess - I only bought them for the divvie ... but hey, not complaining. Suppose analyst estimates for the coming years might turn out to be a bit on the conservative side - they did mention in their roadshow the chance for some windfall profits.
Always right to buy at $1.00 ... anybody selling?
Some naughty hound has been quietly getting his snout into more of these ultra boring shares. Anything right up to and including the asset backing of $1.12 has been great buying in my opinion. PIE fund so people can choose whether or not to include dividends and their imputation credits in their tax return or not...anyone earning over $48K shouldn't bother as their marginal tax rate of at least 30% is greater than the 28% company imputation rate. Possibly the safest high yield stock on the NZX ?
You can sleep well at night with this one.
I like VHP in this sector.
NTA currently 2.26 vs price 210 WALE over 18 years!!
Property For industry Bonds. No public pool.
7 years @ 4.25 %
PFI Sets Interest Rate for Bond Offer