Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
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Good point.
One needs a different mindset/skills to short.
I tried it and lost.
I just don't have the skills either ingrained or learnt to profit from it.
gg
All fair points but I do find your 2nd commandment questionable at best!
I just don't understand why you wouldn't want to profit (or have the option of hedging against loss) by being able to go short as well as your current method.
Good point.
One needs a different mindset/skills to short.
I tried it and lost.
I just don't have the skills either ingrained or learnt to profit from it.
gg
Surely you'd be better off investing that cash in , say, high yield shares where you'll generate around 7.5% grossed up yield and possibly capital gain as well?
Wondering Julia, what is paying 7.5% grossed up with possible appreciating share price from here? I have present share price ANZ at 7.73% grossed up this CY using a company tax rate of 30% (actually 29.3%).
I don't understand your question, other than your correction that the grossed up yield is presently running at 7.73% rather than my quoted approx 7.5%.
Are you suggesting that ANZ has no potential for increase in SP?
Whatever, it's surely better than the at call rate of under 4%, isn't it?
Surely you'd be better off investing that cash in , say, high yield shares where you'll generate around 7.5% grossed up yield and possibly capital gain as well?
Are you suggesting that ANZ has no potential for increase in SP?
OK, so you just wanted me to give you a list of such stocks. I'd rather not. Could be seen as advice.That's okay. I will present the same question another way with further explanation. You posted on another thread :-
My interpretation of that sentence is the portfolio would be generating around 7.5% grossed up yield. Now for the portfolio to generate that approximation it would have some high yielding constituents at or above that figure. This is the only way to achieve such a high dividend yielding portfolio.
My example, ANZ, is a high yielding stock that is around your 7.5% figure.
The question I asked is what stocks are paying around 7.5% grossed up yield with possible appreciating share price from here?
I can't comment. Can only say that as long as the cash rate remains so low that will keep at least the funds of many Super investors in them.I didn't suggest anything but in answer to your question, with a high dividend yielding stock such as ANZ with dividends increasing year on year, there surely will be an attraction to them.
OK, so you just wanted me to give you a list of such stocks. I'd rather not. Could be seen as advice.
Any of the banks fulfil that criteria. TLS is another. All made decent capital gains on top of the grossed up yield.
I can't comment. Can only say that as long as the cash rate remains so low that will keep at least the funds of many Super investors in them.
wysiwyg. a high yielding stock is MND (Monadelphous), a market darling for a few years. Now yielding 10% plus 100% franking.
If you're looking for yield, would you go for this, and maybe say why or why not?
Thanks Julia.wysiwyg. a high yielding stock is MND (Monadelphous), a market darling for a few years. Now yielding 10% plus 100% franking.
If you're looking for yield, would you go for this, and maybe say why or why not?
Speculation on price movement is the other game in town. SNG is not a listed FPO stock on the ASX.I have to admit the the idea of yield mixed with a chance of gain? is that what we're here for?.. I've just looked back over this thread, a post by Sydboy listed a few stocks. So I looked at a couple. For those interested have a look at the SNG thread in this forum read the last post and then check the stocks performance for the next six months, from that post on your own research. got to love the work of the chartists.
Speculation on price movement is the other game in town. SNG is not a listed FPO stock on the ASX.
All divvies mentioned are grossed up and prices are the low for those years so best case scenario. As an example of an attractive dividend yield relative to price.T
I agree with Julia that TLS, the banks etc, are preferable to cash at the moment, despite currently high prices.
Thanks for that, pinkboy.
Yet another reason to be grateful to skc for his wisdom.Thanks Julia.
I bought in at $12.14 last market pullback and after considering skc's posts I sold at $12.49. Likelihood of an appreciating share price is a consideration I favour when making decisions on stocks. I feel it prudent to wait for this particular stock. There are some high fliers that have fallen a long way and hence their yield has risen which makes them very alluring but not wise if there is a possibility of further share price downside and then compounded by a dividend cut.
MND is one of the best run company out there. I could look very smart, or very foolish, in a few years time with it. I can tell you it's been making me looking really foolish for a while.
MND, NWH and a few others are fantastic contrarian buying at the moment, and the yields are amazing if you get in now.
You can buy $1.17 of NTA (plus franking credits) in NWH for < 70c at the moment. Granted you have to look at a lot of factors, including at asset quality, resale value of assets and whether or not management might have cost blowouts (and other factors), but it does indicate a good place to start.
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