It's an unfair world...20 Feb 2020 11:14
How to explain the bounteous basket of goodies overflowing with H and Hasiba's reasons to be...with the DGAF attitude of an ungrateful mrkt? How indeed!
I was always led to view mrkt downturns, '87 '92 '20 & '08 etc as buying opportunities. Of course G wasn't in existence back then but had it's own huge write off (opportunity) plunging the shares to sub 60 a few years back. That was a golden chance for the long term pis who figured the fall was for reasons other than fundamentals of the business which looked to be improving if you were strong enough to overlook the payment issues. Many did, H & self for sure.
The only losers were the 'disinvestors' who panicked and sold out, they were selling $bills for 10 cents! Did not the Mayor pick up a few of those cheap $ bills?
None of the above explains the sp malaise. The whims of the mrkts are unfathomable, shares of excellent companies sink as irrational mrkt claws get attached to businesses that shouldn't be tarred by the same brush....but are. Is this what is happening at G?
Is the sector now so unloved that none can thrive as Leem1 never stops reminding us?
I remember saying G was cheap at 500, got that right eh? But cheap or expensive doesn't seem to matter anymore. The iis are more than happy to collect the 6% div without bothering much about the sp. They see a wide margin of safety as a good enough reason to hold.
As G trades more and more like a property Co huge discount to NAV good % yield on divs perhaps we should adjust our thinking along those lines, ie collect the income forget capital appreciation.
Tbh if you think G is going to be a bagger from here you will have a protracted wait imo, unless some kind soul takes pity on y'all and makes an offer you can't refuse....and how long have you been saying that? Is it not strange that there has not been an amalgamation of the Kurd o....lies? Would not the sum of all be better than one? I think that's a lost opportunity but no doubt our paymaster prefers to play us off agin each other than deal with one very strong company and has kiboshed that idea.
Politics, the sector the region the poor sentiment and the 'greens' all conspire against G.
Be thankful your getting paid a very good return (tried premium bonds lately?) to suffer Mr Markets miserable moods.
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