Took my profits here recently. It was so hard to sell through lack of liquidity that there was no sellers remorse.
The trouble is- this is on paper a safe investment- but- perhaps it is too safe. There is just too little revenue. Dividends have been paid out of the profits from revaluations. You can only do that for so long. Value at the end of the day is based on future returns- and compared to a risk free rate of return- but the revenues here- outside of revaluations etc- would not be too far ahead of what the punters could be getting from interest.
Something like that.
And for a safe investment with stable revenue- the SP has been doing quite a lot of diving. It is not a Telstra or whatever.
IMHO DYOR
HCW Price at posting:
$1.74 Sentiment: None Disclosure: Not Held
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