Ann: Appendix 3Y (M O'Neill), page-43

seeing we are only a few months for Sangomar (however it is spelt) and 3 years away from Scarborough going live. I think it’s a good time to start slowly accumulate at the sub $30 level.

6% forward yield with 30% franking credits ain’t bad to buy and hold

i will be more aggressive if it goes below $25. But that would only be possible if we see some sort of contracted economic downturn.

personally I’m assuming the stock will trade sideways, given the warmer than expected weather.

so most likely I will make another purchase in the next half with dividends declared

i bought my latest lot for $30, got paid the 90c a share

so net cost is similar to today price of $29~