Is it time to take profit on SIQ?

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Question asked 30/04/2022

Is it time to take profit on SIQ?

Hi James, SIQ has had a really good run of late and we are currently sitting on good profits. In line with our sell the rip mantra, at what point would you consider locking in profits on this one? I know it's still a good dividend and defensive stock which is why I guess we are still holding, but just wondering if you have a target at which you would sell? Thanks Alex

Answer

Hi Alex,

For the very reasons you have mentioned we still like SIQ and its estimated 4.6% yield, our target at this stage is around $10, or 10% higher. At that level on current projected earnings, it would be be on around 17x which is getting on the expensive side for SIQ.

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SmartGroup (SIQ)

LAST UPDATED 29/04/2022 13:43

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