RE: Return19 Dec 2014 07:21
Interesting perspectives guys, I am down on my purchase price, but with 5% dividend I was going to sit in the stock for a while.
I am hoping for a return to increasing global growth and therefore more need to commodities. Although I note their is fear of deflation in India, ( despite NII is motoring at the moment). I haven't followed China at all. Although perhaps I should.
The Nigerian economy is growing at 7% despite low oil prices and BRFI has taken a hit. Its perhaps another one for consideration, if the oil price recovers and the Nigerian and Kuwaiti economies weather the storm.
Anyway for the moment I think i'll stick with this one, as 5% is good value.