Buy @ $0.965. Take a risk to average down my holdings. The Royal Commission Report on the Victoria fire (last year) was out on end-Jul. No mention of liability in the report, just recommendations (eg. use buried lines instead of overhead cables in bushfire prone areas). I guess liability will have to be determined in the courts (several class suits ongoing). I read in the reports that SPAus maximum liability is set at A$100M by the government, which translates to less than A5ct/share or slightly higher than 1 semi-annual dividend payout. The other risk here is that currently A$ is on the rise and any drop will also drag down the share price. But, after considering the above risks and the current Net Yield of 9.7%+, I have decided to place a small bet first and perhaps increase it when it drops further. Seller '21' – Kim Eng 😀
5:05pm
Buy @ $0.97. Decided to get some more after reading their SGX Announcement at 2pm++ that one of the fire is likely not their responsibility.