Buy @ $1.18. Sure feels silly to be buying at such a high price after having sold at below $0.90 last July and with the STI now having gone up a fair bit (2916). Net Yield is ~8.67% but will depend on the A$ exchange rate and the different components of payout (some of which are subject to Aussie tax). Div policy is semi-annual with 2H10 being Mar. So, take a bet as investors seems to be slowly becoming less fearful and continue to buy up yield stocks. Maybe I should sell down my CitySpring (similar infrastructure biz) to switch over as the yield is 1.5% higher (but got forex risk). 😀
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