Stocko, the recent big seller through Bells finished this morning with the crossing of 2.1 million. There may be a few to go around 63c from a couple of underwriters who got stuck with stock but hopefully the really big sellers are now done.
If GTP can make their forecasts then the stock is trading on a p/e of about 5 and should yield close to 10% fully franked.
The potential downside to this stock is if the economy crashes and there is lower demand for tax effective investments. Assuming the economy remains strong then this company should do well.
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