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clock Created with Sketch. 28/03/19
09:54
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Originally posted by 1ronnie
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Latest opportunity stock is Duxton Water (D20) , which presents an opportunity to invest in Australian water entitlements (also known as water licences or water rights), giving perpetual right to Australia’s water supply. Water is a key input into a number of agricultural industries and as such Duxton Water acts as a proxy to the agriculture industry. D20 manages a portfolio of water assets aiming to access both income yields and capital growth opportunities. It is the only listed water company of this type, worldwide. Duxton Water receives revenue primarily through long-term lease arrangements with producers.29.44% and you would agree that over time, water assets become more expensive. Its NAV grew from $1.18 to 1.37 during 2018 and the company paid two dividends (4.9c plus franking). Its NAV at the end of Feb19 was $1.50. The main driver of capital growth has been the continued increase in entitlement values throughout the Murray Darling Basin. This business which employs no employees, can be said to be recession proof!
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Thanks for this great tip, Ronnie! I've been looking for a while to invest in 'Water'. Seems like a stock flying under the investors radar. Slowly moving away from spec stocks...Are there any other related companies on the ASX? Cheers
