I note that the Iress share price has been punished. I would of thought in this buoyant market it should be making progress.
It pays a 4.64 % divy plus partial franking The largest portion of the divy has been historically paid in Feb. ( last year .30c in Feb and then .16c in sept) They have already said that the results will be similar to last year . That they are expecting cost savings and improved profitability in the 4th qtr. Covid is having some impact on a timing basis.
Whilst the return are no where near APT returns it seems a very safe and secure investment at these prices but the market seems to disagrees. Where are I coming unstuck ?. Apppreciate your comments on this boring stock.
IRE Price at posting:
$9.95 Sentiment: Buy Disclosure: Held
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