Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James & Harry, Just wanted to say that I really enjoy your comprehensive coverage. It has alerted me to some situations that I would not have known otherwise. My questions - PDL - I have participated in the recent SPP. Can you give me your thoughts technically going forward. Also DBI - great dividend but in the doldrums due to coal handling exposure. I believe I should load up with some more shares but am nervous. Any thoughts? Thanks George T.
Hi George,
Pendal Group (PDL) – PDL looks good above $8 with an initial target well above $9 but another ~50c pullback wouldn’t surprise.
Dalrymple Bay Infrastructure (DBI) is a fairly boring yield stock that we like although we don’t hold in the MM portfolios. It remains on track to yield over 7% per annum (unfranked) given it’s a trust structure and the contracts they have with customers are very water tight. Capital gain we think will be limited however for defensive yield that is exposed to coal volumes rather than coal prices, we like it.
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