RE: Gibberish22 Jun 2023 10:25
Quickdip, I agree with you that dividends for the next 12 months will be limited if any. I am taking a much longer view here. These prices are cheap. HB will return strong once cycle turns imo. We have a national shortage of houses. PSN have a strong balance sheet and while short term profits will be hit by inflation, they have learnt from the 2008 downturn and will adjust build rate accordingly thereby managing outflow. The bounce will be rapid when it happens. I am perfectly happy to wait it out and accumulate. Added more at 1118 this morning and very happy with my average of 1207 currently. This goes lower, i will just keep adding. I am not giving advice btw, just feel very comfortable with my investment and am happy to take advantage when i see it. ATB