Why I like this company is the heavy personal investment by it's founders. They have a lot to lose if things go wrong.
Also, given they were paying a quarterly fully franked dividend of 4c. You can only imagine that at Dec this year it will be the same. Even at $2.50 the dividend is grossing over 9%. And the SP growth is solid.
QR looks OK for this type of business. And given it's inventory is quite fluid in nature it's debt coverage I think should be OK.
People speculate the company could be ripe for an take over. Who knows but it's upside potential & good yield at the moment is attractive to me.
Looking forward to another good set of results very soon.
DDR Price at posting:
$2.33 Sentiment: Buy Disclosure: Held
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