This won't go back to the 5's IMO, but it probably has capped the strecenbt strong trednd and will probably lead to some consolidation in the price. CMC looks better vale at these levels I'd say, but the well covered yield on IG still looks atrractive.
Agreed - Q1 comparison was hard give that the previous qarter only had one month of ESMA. Q2 should have been a much more favourable comparison as all 3 months were after the ESMA for 2019 and 2020. Looks like sales were flat though, which doesn't compare particularly well with CMC. That said, stock still looks cheap and on a well cobered yield of 7%.
Agreed. Of course there remains heightened risks here due to leaholder reform and enfranchisement rights (ahould know more this month) but the more than 10% discount to NAV already reflects this and more.
RE: Renewable Energy Sector Proving Pop06 Nov 2019 09:42
Very good question - I have aksed something similar on the Greencoat Wind Board. On balance, given the recession proof nature of the investment and the still attractive running yield, I'm holding. I also understand that the NAV may be about to tick up with the use of a lower discount rate used across the portfolio. That said, if it got to a 30% premium, I'd probably let some go!