hilhames25 Jan 2013 20:12
Regarding the comments that HilHames posted on Thursday regarding brokers views.
1. You don't go on what brokers say ( a buy is seen as a sell, a sell is seen in a buy, and a neutral is no idea ).
2. SSE is a defensive company as it plays into the seasonal changes in households utilities.
3. SSE pays a dividend that is above the market average of 3.75%, thus this share will NOT fall over the cliff if economy gets bad. Thus you are NOT GOING to get Rich by investing in this. It just helps give you a steady line of income. I hold both National Grid & Centrica and maybe I may invest a large chunk here in2nd quarter of year.
4. Think fundamentals; with growing population the siZe of SSE will keep growing, due to changes in unusual seasonal weather changes that we're now experiencing in 21st century.
On first point, brokers can manipulate share price ( in a legal way ) for their own benefit so that they are seen as giving possitive views ( on short term or long-term prospects ).
I could say so much more...
DYOR.
Scott
I hold 35 stocks in a diversified, which is heavier in investment funds like BNY Mellon Global High Income, Alliance Trust, Foreign & Colonial Trust, Murray International and also industrals ( GE, BAEsystems, Siemens ).