Hello Pezz, Today’s Report:
I purchase a tranche of (AUD 1.14/shr):
Australian Worldwide Exploration uk.finance.yahoo.com
AWE Corporate site awexp.com.au
Why? Its manager is honest, keeps buying shares in the company, and its valuation is decent relative to all the junk that is out there in energy-land.
I planted a whole granary worth (also about a tranche at AUD 4.15/shr, to start, which for me is aggressive) of:
Australian Wheat Board uk.finance.yahoo.com
AWB Corporate site awb.com.au
Why?
AWB appears to be a monopoly dealer of all things to do with farming, dealing from seeds to harvested grain, to financing the farmers on exorbitant terms even though holding full security in the form of land, buildings and such. Much of what it earns have more to do with financing than with grains, but the grains are nice too.
I like AWB.
I like its business of renewable commodities with large market share, I prefer its not-too-financially-astute customers, I appreciate its relative anonymity, I am OK with its valuation, I relish its rich dividend yield, and I adore its currency regime. This appears, to all appearances, to be as good as it gets :0]
AWE appears to be a textbook perfect vehicle for exploiting the peasants of Australia :0)
I also get a chuckle out of its relation of symmetry to my, which I may not have mentioned before ;0), one Canadian holding called Saskatchewan Wheat Pool uk.finance.yahoo.com ;0)
References:
webref.org
microsoft.com
southwestfarmpress.com
Chugs, Jay |
