whats happening.........., page-3

Dude,

What you've bought is a stable, conservative, defensive, highly regulated income stock that has just had a rights issue, so there has been a heap of stock issued at 1.00, and so there's an immediate 11% gain there for the taking with the recently issued stock. The rights issue has also de risked it in paying off debt and ensuring the company's remaining debt has been given a better credit rating, and providing a heap of money for capital works on upgrading the co's infrastructure... so long term (and I mean long term) things are looking quite healthy.


This is the sort of stock in which you get a 5% capital gain a year plus in addition to it's reliable 8% yield.

If you want a heap of capital appreciation, and big moves, look elsewhere. Although having said that, once Rights issue profit takers have moved on, this could pop up a bit. (emphasis on a bit!)

Try ARX for a stock that could triple your money in 9 months, or halve it in the same period!

I've just got this sitting in my margin loan, providing stability and ensuring the great unfranked yield is tax deductible.

In short, this stock is great for retirees or similar, or maybe a defensive stake in a margin loan.