share offer, page-17

Re Bricklebar's complaints... I thought the whole point of stocks like this was the yield!? So the the stock goes up, so it goes down... who cares? You've still got that 10-15% yield coming in every year, which is 3 times what you'd get if it was in the bank...

Yeah, long term this will go up, despite troughs on the way, but at the end of the day, who gives a, when you're getting a nice, fat div cheque turning up every year?
I've got a whole bunch of specs that are going up, or down really fast, but this one's sitting on my margin loan, with the interest cost of the the loan deductible from the dividend and the div comfortably above what the loan costs me anyway. Set and forget! Which is a nice feeling for a change when I have to worry about whether the Greenland Govt is going to approve my GGG's mining (If it doesn't, It'll absolutely smash the shareprice) Or whether BBI will fall over from too much debt. ANyway, good luck to you Bro. Sit tight and enjoy the returns I say! Boring Utilities are in every serious, balanced portfolio, and, despite mine being anything but balanced, it's still got some SPN and SKI in there!