are you assuming INA will not continue to grow the business in the next two years?
surely NTA grows with further acqusitions?
income grows with adding developments/acquisitions and achieving adequate IRR?
if you bought the stock purely due to it trading below NTA then I guess you have a reason to sell when it increases in price and trades at NTA
However I bought because INA appear to have found a good business niche that suits the baby boomer retirement phase.
hold for the long term I say. as long as they manage debt and don't grow too fast, I am not a seller.
At times INA will cycle between cheap and expensive, comes own to whether you plant to trade in and out of these cycles however for me I find that I am better at holding on to stocks that have little restriction on growth. AUB, GEM, GXL, ONT are all successfully following an acquisition based growth model. Just look at a chart for each of these and tell me when the right time was to sell - from an investment perspective.
cheers
gosouth
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Last
$5.07 |
Change
0.140(2.84%) |
Mkt cap ! $2.066B |
Open | High | Low | Value | Volume |
$4.95 | $5.09 | $4.95 | $2.485M | 491.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2718 | $5.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.07 | 4143 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 446 | 5.030 |
1 | 446 | 5.020 |
1 | 446 | 5.010 |
1 | 446 | 5.000 |
1 | 446 | 4.990 |
Price($) | Vol. | No. |
---|---|---|
5.200 | 1000 | 1 |
5.240 | 4000 | 1 |
5.250 | 5800 | 1 |
5.270 | 311 | 1 |
5.480 | 500 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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INA (ASX) Chart |