Thanks very much for spelling that out. I hadn’t appreciated the full effect of lower yields.
I hate to think I’m one eyed, but I guess on the flip side of the coin is that in the event of a market melt up, and lower yields across the board, if I were a retiree and being offered 3% annuity vs 5% in highly priced equities which carry significant risk, I think i would opt for the safer option which may act as a further tailwind for cgf.
Comprehensive Retirement Income Products, page-28
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Last
$6.73 |
Change
0.100(1.51%) |
Mkt cap ! $4.651B | |||
| Open | High | Low | Value | Volume |
| $6.69 | $6.83 | $6.64 | $5.426M | 803.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4064 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 100 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |