Envestra is to me the most boring stock on the ASX .. always has been & probably always will be
But then, bat poo, while smelly to some people, is saught after by others!
So I have decided to invest in some!! Put some profits from stocks sold into this baby for my superfund.
They have consolidated their debt
Profits are up
Sales are up
S&P rating subsequently upgraded
Will end up with around 10% yield
Great depth atm, so expect some SP improvement
Possible take-over target
Its gone from bat poo, to a nice safe haven with capital gains potential & good yield.
Smells good to me!!
:)
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- as boring as bat poo
as boring as bat poo
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