Check today's announcement -New York presentation.
On Friday's closing price has a 12% yield, with a roughly 10%pa yield growth. Very strong business with steady growth and not needing any significant refinancing for another two years. I use it as a good income stock to balance my overweight resource exposure. Besides, with that sort of yield it gives a positive cash flow on a margin loan at 9%, should interest rates decline may even have some reasonable capital gains as well.
I think the market has miss priced/undervalued this share as it did back in 2003.
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- looks cheap
MCG
macquarie communications infrastructure group
Check today's announcement -New York presentation. On Friday's...
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VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
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