MIG 0.00% 4.4¢ a.c.n. 059 457 279 limited

jesus , page-3

  1. 829 Posts.
    its a defensive stock in my opinion.

    its currency effected as its assetts are re rated in US dollars.

    thus it has come off sharply.

    its a very good stock for a 12 month hold and sell.

    theres 20% to be made on MIG in the next 12 months and include the dividend and you might get 25 maybe 30% depending on your timing,


    the yield is above 6 % its a buy and hold for me.

    not a massive portion of my port folio. but i know i will not lose as the dividend is so healthy over a long time.

    they are tied down by macquarie bank which is a concern

 
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