face down friday, page-88

nsh, mma is an interesting one.. been in a horrible slide for weeks, lost about 30% of price, trading just above 80c, but its over 50% cash and so can be expected to maintain its 8c divvy with 100% imputation. Thats 12.6% after imputation. Not sure what explains the slide in price. Its been trying to get ato approval for a 10% cash return without cgt, without any ato response so far. It also flirted with a couple of microcaps, which was a bit silly but sold them off again. I just think it suffered from the flight of overseas funds in the carry trade reversal, cos they mainly bought up high divvy players and have been exiting for quite a while. For a domestic player, i'd be looking for some stabilisation in price before diving in.

These are stocks I look at to park long term funds that I'm not playing with, and I can't be bothered with stock picking and others do it much better than me.