I have similar/like concerns as you ref USD POG. With regard to NST though it is the AUD POG that matters. OZ being recognised across the world as a commodity currency is providing the hedge for this investment and the bottom line for NST.
I feel it in my water that NST is looking over the ocean for potential opportunities. BB gave a hint in the last interview I saw/read.
Plutonic has good organic growth in the pipeline and I feel happy about that. The Tanami might be the next gold bearing hot spot for Ozzies, regardless of the debacle ABU has made of their venture.
I've already played the milk and lithium space. Took my money and ran. Too early as always, but won't be going back for seconds.
Selected telcos (wireless and anything that gives me confidence of being disruptive and
sustainable), select biotechs (very very selective and only very small % of portfolio), and very careful selection of prospects in the superannuation/trustee industry are under close scrutiny or already entered. I'm looking at OZ tourism and also watching the Lifestyle/Retirement sector closely. I've played a few in the agri sector for good results. Sold out of some when I should still be holding....... Tassals doh!
I've missed some fantastic opportunities the last 18 months by watching for too long coupled with a bit of nervousness about overcooked equity markets.
But............... for the long term and hopefully wealth building of the future I'm looking at the best in class commodity plays. Just getting the timing right is the challenge. Therefore, hasten slowly and swing with the breeze as the directions change. No banks, overweight or bloated bluechips live in my portfolio anymore. I can't see any value in the Health or Utilities space at the moment.
Sorry to NST posters/investors for going off topic a bit, but AJ asked.
I never fall in love with any stock. NST is the closest to that emotion, but never love!
Cheers
(20min delay)