Everything has a risk associated with it, I havent got all my eggs in one basket though.
I think PL8 play it pretty safe with their stock choices and have good reserves. Currently enough for 10 months of sustained divvies, I'm not sure if they aim to have that amount of reserves up at any one time but hope that would be a goal of theirs. I recall Hamson mentioned in their last webinar the stock reccomendations / picking are done by an AI algorithm. Ultimately the decision would be up to them I assume and I don't think they would invest in anything too risky.
For the time being it's looking pretty safe IMO, only time will tell how they perform. I don't personally expect to be holding this stock forever but hope it can stand the test of time.
Ann: February 2024 Investment Update, page-5
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Last
$1.21 |
Change
0.005(0.42%) |
Mkt cap ! $898.3M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.21 | $1.20 | $301.3K | 250.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 99568 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 95142 | 5 |
View Market Depth
| Last trade - 12.06pm 15/05/2024 (20 minute delay) ? |
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Last
$1.21 |
Change
0.005 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $1.21 | $1.21 | $1.20 | 123030 | ||
| Last updated 12.23pm 15/05/2024 ? | |||||
| PL8 (ASX) Chart |