phishpheet & Watford - I suspect your are at cross purposes.
There are a finite number of fixed interest investments available on the ASX. Discounting the bank issues, there are only about 12-15 corporate hybrids worth considering. FCLPA is one of them.
I have a large portfolio of non-bank hybrids in my super fund for income & GUARANTEED capital gain on maturity/redemption. They are excellent vehicles for this purpose, and now is the time to be buying them.
Regarding FCL - it is one of about 1800 equity issues on the ASX. I like FCL along with many other heavily discounted speciality investments trading at less than NTA & owning excellent brands.
The question is not FCL -v- FCLPA, but is FCL the best equity investment for the next three years.
I'll leave that for others to decide.
FCL Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
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