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With most of the property in the Isle de France area its in the economically strongest part of France. With M. Holland relenting somewhat and possibly a better economic prospect now this is still a speculative buy. I don't like the % rate Barclays are charging but having said -if you take a stake here you are not punting on rubbish.
A useful discussion on ADVFN. At least you get 5% on current price. That assumes they don't pay 10% on the sterling GDR value. We will find out-but if they do it will show commitment. Also if there does arise a comment of intention to continue cash dividends in part at least this will go a long way to normalising this security in investment terms. Apart from that it is in Asia and in a country that has an intelligent population with much interaction with our country.
There appears to be a new cash dividend -this is a good development in that it provides positive yield on your cash. It would be good to hear that there is an intention to continue this rather than give stocks dividends alone that are at the same time dilutive..I have yet to work out how much the 10% will actually provide in sterling terms -whether there is a conversion from the Taka that makes it less perhaps only 6-7%. But that is still sufficient to provide ASTRONOMICAL upside to this stock.. Potentially STRONG BUY but will need commitment from the company to fully materialise.
I took my divi this quarter for once and today thought -should I have ! But I use euro in Spain and nice to have a bit of cash sometimes if taxed ! Opportunities abound at all times . I also have HSBA which is a different story -divi tomorrow ! As they say variety is the spice of life !
Strong sterling means headwinds for profit conversion. Trouble with Russia and uncertainty in Turkey. Emerging markets ok long term. Rexam has had very good run. Do not knock the company but with US reducing liquidity believe not at present the time to buy this. Time to take some money off the table for now
Now priced below net asset value. If sterling goes down the pan for any reason such as a Labour Government deliberately devaluing or a break up of the Uk or maybe a house price crash then an investment in Canadian Assetsmay prove valuable. So I continue to hold despite the lacklustre performance at the present time
. Above all Good results. Dividnd doubled. New cars more efficient carsand ABOVE ALL. Self sufficiency in oils is likely to put the lid on petrol prices. Bad for oil shares ? maybe initially but longer term increased demand will begin to compensate lower margins. Good oil plays ? Invest in the pipelines BPL (NYSE)