-
Share
20/11/07
21:11
Share
its a defensive stock in my opinion.
its currency effected as its assetts are re rated in US dollars.
thus it has come off sharply.
its a very good stock for a 12 month hold and sell.
theres 20% to be made on MIG in the next 12 months and include the dividend and you might get 25 maybe 30% depending on your timing,
the yield is above 6 % its a buy and hold for me.
not a massive portion of my port folio. but i know i will not lose as the dividend is so healthy over a long time.
they are tied down by macquarie bank which is a concern