Thomo...please note that I am just a very amateur self-taught investor. I can give you my opinions, but they could be horribly wrong!
From the stocks I own at the moment, the obvious ones with a good yield and huge SP growth potential, especially once the market regains confidence, would be LEI, WES, and ASX.
LEI has been absolutely smashed, but I personally think it is one of the best long-term buys on the ASX at the moment. Only just over a year ago its yield was under 2%, and today it is about 8%. I'm in this one for long-term growth, the yield was never a consideration.
WES has also been hit hard, but it has some of the best assets in Oz. Buying WES is like buying into a managed fund because you get quality exposure to a diversified range of industries. Recent capital raisings have hurt their SP, but traditionally WES are focused on creating shareholder wealth.
ASX is cyclical and a great one to grab in the rough times and put in the bottom draw. Will continue to grow its divvy over time.
Other than that, I sold out of WDC about a year ago and will deinately buy back into it when the dust settles. Originally when I sold it, I planned on buying back in if it got to $8, but who knows where it could bottom out. Its yield is about 10% at the moment I think.
Hope this helps.
By the way, what would be your tip on the speccy mines?
- Forums
- ASX - By Stock
- AGK
- why ?
why ?, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online