Fair enough, but for me Saferoads is a bit of a countercyclical play - a nice long-term diversifier for my portfolio. I'd expect it to be a stabilising presence in the event there's a broad market meltdown - a bit like an insurance policy.
In any case, Saferoads has been a perfectly sound investment in its own right since around the time David Ashmore became chairman in 2012, as the chart below, comparing Saferoads with the All Ordinaries Index, shows.*
Note the pronounced periods of outperformance by SRH. My gut feeling is there's another one brewing.
* With charts like this one, the trick of course is to select the starting point carefully.
- Forums
- ASX - By Stock
- Ann: Appendix 4E and Annual Financial Report
Fair enough, but for me Saferoads is a bit of a countercyclical...
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