I have bailed out too. Difficult decision as its a nice earner yielding around 10% with franking crdits. But I got a little spooked also when I read the last report. Not that there was anything too much in it to be concerned about but my eye did catch the comment about seeking other customers ( if Qenos does not take all the gas in the future). Kind of made me wonder if there is an inkling of something there. Also Qenos pushing out its maintenance schedule ( question is why?). Also as recent posts say, EPX has only one customer so there is a considerable risk element there. Not being a listed company, we are not privy to the fortunes or otherwise of Qenos. So all in all it was a difficult wrench to let go of the shares, but I honestly have a bit more peace of mind. Andto make me feel a bit happier, for reasons that escape me, we have had a bit of a surge in the SP, so selling happened to coincide with a capital gains which is rare for me. ! Who knows, it could go delivering a nice earner for a long time to come, but I cant afford to be on the wrong side of things if ever that should eventuate
EPX Price at posting:
$1.82 Sentiment: None Disclosure: Not Held