I reckon perhaps some people have woken up to the fact that with long secured predicatable revenue under contract and relatively low predicable costs for maintenance that this stock is a good earner with excellent annual returns.
The major positive kicker comes in 2013 after the Investec laon is fully paid at dec 2012. Read the 2011 directors report first page - this loan repayment is reducing distributions by 3.2 cents per quarter. Currently out of casflow after paying dowm the Investec loan, the distibution is around 15cents pa. Now if it it therefore might go north of 25c pa from start of 2013, well you get my point re yield play.
This one is the nice opposite of many other stocks that have a current high yield (such as QBE) ey we know their div will be cut and thus illusionary. EPX - has a current 8% yield which will increase significantly in 12 months. But DYOR.
EPX Price at posting:
$1.95 Sentiment: Hold Disclosure: Held
