I was looking at that I added up the sales and the buys - you have to unpack those that relate to PCG investing through its investment arm. In the end I concluded the sales were to cover the URB investment plus the entire HHL investment including PCG and HHV.
In reality I think that my model suggests that the 10% discount has come back and I am looking for around 16% to 18% so my next buy price is around $15.50.
I am not sure the under $15 are easily done.
As for their strategy I am very comfortable with it.
1. Once the NBN is fully rolled out my relationship with Telstra will be terminated for good... I see Telstra as vulnerable.
2. I think TPG margins will drop but the business division will keep the profits and that over time I expect them to become a player of note again. I see Telstra as the loser...
3. NHC - at present stock values its fairly valued and I did not see the New Akland mine being knocked back but if I were them I would look to their recent acquisition to underpin the value of NHC.
4. Glad they reduced Ruralco - I am not so sure about that one.
Overall if the discount gets up above 15% I am happy to keep investing. Yes I could have sold higher but that is not what this stock is for in my portfolio.
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$32.97 |
Change
0.320(0.98%) |
Mkt cap ! $12.41B |
Open | High | Low | Value | Volume |
$32.80 | $33.10 | $32.65 | $7.381M | 224.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 737 | $32.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.06 | 1016 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2064 | 26.890 |
1 | 4429 | 26.870 |
2 | 5019 | 26.840 |
4 | 13889 | 26.820 |
1 | 153 | 26.810 |
Price($) | Vol. | No. |
---|---|---|
26.940 | 1229 | 1 |
26.950 | 4947 | 1 |
26.970 | 5993 | 2 |
26.990 | 4687 | 1 |
27.000 | 4408 | 1 |
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