OK- so IOOF sells off 2 % in the company.
we have the SACC decision pending.
we only have one broker willing to forecast, who tips consensus at $1.75
the SP went up today because of "relief' buying after the announcement in regard to IOOF.
ps- the reality is that TGA is a necessary evil and the inquiries are only undertaken so the government can get political mileage.
sure, i personally think they are bloodsuckers, but somebody has to do it.
i had the same sort of negative vitriol when i managed my own rental properties in non affluent locations.
as far as TGA as an investment stacks up- it's probably a very realistic "buy".
you have 3 things in your favor- the non event- the SACC, the low PE with good growth guidance and the probable high divvy even at current payout ratio.
speak about a leopard changing spots.
give me strength-crazypunter
