Price gone up again. Listed on the Fledgeling Index and seems to hold Raven Russian securities.
Re: Discount Yes, dropped a lot recently. I'm a LTH showing a loss but the divi keeps me going. With a yield of almost 6% and a big discount, good time to enter in my view. It is a specialist investment and not one for a core portfolio.
Discount Discount to NAV now 33%!
Edison - Sector play with discount & yield. [link]
Re: Any one tempted to buy here? I've been in this for a few years and currently nursing a 35% loss. Yet I am happy to stay and wait it out while in the meantime re-investing the dividends. Yes a dividend cut is a possibility but this company is very proud of its growing dividend record and I believe it will do whatever it takes to at least maintain the divi. A cut would see the discount really widen. My feeling is that commodities are at the bottom of the cycle and cannot go much lower without wiping out a lot of companies worldwide If that happens lack of supply will kick in a again in any event.. Whether anyone buys this stock at these prices surely depends on your timeframe.and its not for the fainthearted. In 18 months time we will be in a different position.
Any one tempted to buy here? Yes, the current yield may be under threat for a cut but it has reached my 1.20 target. Any thoughts