So I have sold out of TGA completely as it moved into the 90cents range I took a small profit plus dividends, probably better then many others have faired with this stock. But a warning to would be investors TGA will not fair well if the market becomes highly volatile or a crash/big correction comes along not because of our asx market but because of the U.S. market and rising interest rates. With all the quantitative easing and crazy P/Es in the US... I'd say blue chips or side lines until after the correction. The US WILL pull us over with it, don't want to predict an exact date but it's coming. TGA will be sold at a discount, my guess is in the 30cents range...
Having the dividends cut so much TGA doesn't make it an attractive stock to hold onto if there was a long term drop in there share price. GRAND
TGA Price at posting:
83.0¢ Sentiment: Sell Disclosure: Not Held