Time to top up on any weakness in share price29 Nov 2021 20:53
i am invested in AGR and also invested in PHP very similar companies both have been on a share price drop for around 3 months now but with yields of around 4% for both companies. I am happy to top up on any share price weaknesses hopefully both are near the bottom of their declines now . Latest results for AGR seemed ok and year on year are looking good . The placing of new shares has had a impact on the share price but is needed to grow the portfolio ......A total of 267,554,740 new ordinary shares in the Company, representing approximately 10 per cent of the Company's existing issued share capital (the "Placing"), will be issued at a price of 68.0 pence per share (the "Placing Price"), raising gross proceeds of approximately £182 million. Any one else have any input will be much appreciated