There's a differnce between being patient and blindly patient. I am considering the differences very carefully atm.
You mention 500% increase - fergus 5000% increase ...... this is called latent potential and is not todays or tomorrows reality. I ask myself the question 'is this investment going to return anything or is it a lovely piece of latent potential?' I know its the latter, but will it ever step up?
So where can I put my money if not in APG? Well, that's not a hard question at all. In this respect I can tell you that there are many alternatives to the sharemarket that offer potential returns that would certainly warrant consideration - no matter what the latent potential of APG.
If the GFC moves into the next phase, this being a fully blown depression (one that is quite unlike the 1930's style depression might I add) then we can all bet on APG doing the following:
a) No deals b) income capacity significantly threatened by massive downturn in growth (i.e. reduced steel manurfacture) c) run out of cash at hand d) ask for more money - who has it to give (remember a depression has hit)
Now I may sound a bit extreme in my simple analysis here but tell me this, who hasn't thought of this scenario. If you haven't then I suggest you haven't thought hard enough.
I suspect and happy to be wrong that were offloaded some for these reasons. Hedging his/ her bets. Who knows what the new year will bring. Prosperity or desperation? This GFC hasn't finished yet and the ramifications look ugly!
GC
APG Price at posting:
5.0¢ Sentiment: None Disclosure: Held