Three companies I like on the New Zealand Stock Exchange at the moment are:
1. New Zealand Refining (NZE: NZR)
Their current price of NZ$2.10 looks good buying. This company refines 70% of fuels used in NZ, including the majority of the diesel and jet fuel. It's been around a long time and always delivers for its shareholders which include a couple of large oil companies (Mobil and BP). Yes, I own shares in NZ Refining.
2. Mainfreight (NZE: MFT)
From their humble beginning in the 1970's, Mainfreight has come to dominate domestic NZ freight services and they now have global reach. They have a high P/E and that may put some off, but the company rarely puts a step wrong. No, I don't own this one, but nevertheless it's a good company.
3. Steel & Tube (NZE: STU)
They do as the name suggests, supply steel and tube. Why such a low share price? They've been having trouble over steel they supplied that wasn't to grade. Nothing wrong with the steel mind you, just not as labelled. They've taken a hit as a result. I like companies that take a hit but with nothing wrong with the underlying business itself.
Showing posts with label Shares. Show all posts
Showing posts with label Shares. Show all posts
March 31, 2019
June 23, 2017
I Picked Bradken, Did Anyone Else?
Just to recap, back in 2016 I mentioned Bradken three times.
I first mentioned them at 84 cents here...http://kenhorlor.blogspot.com/2016/04/risky-asx-stcoks-worth-checking-out.html
Then I followed up in June http://kenhorlor.blogspot.com/2016/06/advantages-of-investing-in-stocks.html and November http://kenhorlor.blogspot.com/2016/11/update-advantages-of-investing-in-stocks.html
Note that in October 2016 Bradken came under takeover interest by Hitachi Construction Machinery and the full sale was completed in early 2017. Any investor acting upon my initial pick at 84 cents, would have nearly quadrupled their money. The sale price was $3.25 (Australian Dollars).
My hypothetical $135,000 invested in Bradken would be $513,000 less than a year later. Sometimes I even surprise myself with this stuff.
I first mentioned them at 84 cents here...http://kenhorlor.blogspot.com/2016/04/risky-asx-stcoks-worth-checking-out.html
Then I followed up in June http://kenhorlor.blogspot.com/2016/06/advantages-of-investing-in-stocks.html and November http://kenhorlor.blogspot.com/2016/11/update-advantages-of-investing-in-stocks.html
Note that in October 2016 Bradken came under takeover interest by Hitachi Construction Machinery and the full sale was completed in early 2017. Any investor acting upon my initial pick at 84 cents, would have nearly quadrupled their money. The sale price was $3.25 (Australian Dollars).
My hypothetical $135,000 invested in Bradken would be $513,000 less than a year later. Sometimes I even surprise myself with this stuff.
April 28, 2017
Portfolio Performance
It's been a year since I posted my portfolio on this blog. As a whole the portfolio is up 54%, with Oshkosh up 107%. Two other favourites of mine, Trinity Industries and Caterpillar are also up more than 70%. If you want more picks like these then I suggest my readers subscribe to the Stock Tip Hotline.
Check out the portfolio here http://www.siliconinvestor.com/portfolio.aspx?fid=521
Stock Tip Hotline explained here http://kenhorlor.blogspot.com/p/stock-tip-hotline_18.html
We are investing now as well, so if you've got a good business to sell, let me know. Even if it doesn't meet our strict requirements, we may offer the business on our blog to our very wide readership.
Investing now explained here http://kenhorlor.blogspot.com/p/investment.html
Check out the portfolio here http://www.siliconinvestor.com/portfolio.aspx?fid=521
Stock Tip Hotline explained here http://kenhorlor.blogspot.com/p/stock-tip-hotline_18.html
We are investing now as well, so if you've got a good business to sell, let me know. Even if it doesn't meet our strict requirements, we may offer the business on our blog to our very wide readership.
Investing now explained here http://kenhorlor.blogspot.com/p/investment.html
April 20, 2017
Update Market Report UK
Just a note pointing out Breedon are on a bit of slide, now at a P/E ratio of 26.52, down from the 31 they were on when I last mentioned them. Breedon has been a standout performer in the aggregates sector, the value of their shares having almost doubled in value in the last three years. Given their performance and market domimance with room still to grow, Breedon now represent a "buy".
https://www.google.com/finance?cid=6216709
https://www.google.com/finance?cid=6216709
March 23, 2017
Case Study: Martin Jetpack vs Fletcher Building
I often get asked, what do I avoid when investing in a company. My answer goes something like, I avoid dogs and lemons. Which brings me to these two companies, Martin Jetpack and Fletcher Building. They're both New Zealand businesses, the former being listed on the Australian Securities Exchange (ASX MJP), while the latter is listed on both the ASX and NZX (ASX FBU).
First things first, Martin Jetpack is not a jet. It's a contraption which one pilot flies while strapped into. The product can best be described as hype. An early version of the contraption flew at Oshkosh in 2008 and I'm informed the reaction from onlookers there was a wide yawn. They'd seen this before with the SoloTrek XFV which flew back in 2001 some seven years earlier.
The inventor wanted everyone to believe he'd worked on his flying thing for 30 years from his garage in the suburbs of Christchurch, but this assertion was never independently verified. It is truly incredible to think that shareholder money went into this thing. It has yet to enter commercial production and I'm not even sure if anyone outside the company has flown it (put under independent scrutiny). My bet is it will never enter commercial production and if it does the company will promptly go bust as it is a silly proposition with little or no practical use.
Then we have Fletcher Building. This is a large business which carries out wide scale construction projects, and it is NZ's only locally based manufacturer of cement. When the Christchurch earthquakes hit, the only company capable of a rebuild that big was Fletcher Building.
You know Formica, everyone knows what Formica is, well Fletcher own it, and Laminex as well. Get the idea? Fletcher has fingers in many pies. Having said this though, Fletcher does tend to underperform and that's why I own no part of it, but that could change, and here's why: its share price fell 10% in one day on Monday and continues to fall. This is because of a profit downgrade due to cost overruns on two large projects. Construction is a risky business and they've been burned. But heck, 10% off the value in one day?
That's right, completely silly businesses like Martin Jetpack, which has never made anything useful and likely never will, ride up to $1.25 highs then plunge to 14 cents today. Then a solid company like Fletcher is punished harshly for business as usual.
What I'm saying is the market overreacts. It panics on bad news and gets all excited about hype. All commonsense seems to fly out the window. Fletcher Building are a solid buy, Martin Jetpack a joke.
First things first, Martin Jetpack is not a jet. It's a contraption which one pilot flies while strapped into. The product can best be described as hype. An early version of the contraption flew at Oshkosh in 2008 and I'm informed the reaction from onlookers there was a wide yawn. They'd seen this before with the SoloTrek XFV which flew back in 2001 some seven years earlier.
The inventor wanted everyone to believe he'd worked on his flying thing for 30 years from his garage in the suburbs of Christchurch, but this assertion was never independently verified. It is truly incredible to think that shareholder money went into this thing. It has yet to enter commercial production and I'm not even sure if anyone outside the company has flown it (put under independent scrutiny). My bet is it will never enter commercial production and if it does the company will promptly go bust as it is a silly proposition with little or no practical use.
Then we have Fletcher Building. This is a large business which carries out wide scale construction projects, and it is NZ's only locally based manufacturer of cement. When the Christchurch earthquakes hit, the only company capable of a rebuild that big was Fletcher Building.
You know Formica, everyone knows what Formica is, well Fletcher own it, and Laminex as well. Get the idea? Fletcher has fingers in many pies. Having said this though, Fletcher does tend to underperform and that's why I own no part of it, but that could change, and here's why: its share price fell 10% in one day on Monday and continues to fall. This is because of a profit downgrade due to cost overruns on two large projects. Construction is a risky business and they've been burned. But heck, 10% off the value in one day?
That's right, completely silly businesses like Martin Jetpack, which has never made anything useful and likely never will, ride up to $1.25 highs then plunge to 14 cents today. Then a solid company like Fletcher is punished harshly for business as usual.
What I'm saying is the market overreacts. It panics on bad news and gets all excited about hype. All commonsense seems to fly out the window. Fletcher Building are a solid buy, Martin Jetpack a joke.
January 11, 2017
My 3 Rules for Stock Market Investment
Boiled down I have three broad rules related to stock market investment.
1. Boring is best
If the industry is out of date, no-one wants to know about it any more, isn't sexy, isn't highly technological, people laugh if you mention it or better still, have never heard of it and have no idea what it does exactly, then I'm interested in it.
2. Don't pay too much
That great company may be the bees knees, have great management, reasonable debt levels and has been making solid profits for a hundred years; but if it's over-priced it's still a no go.
3. It must be solid
The company must be respected, well managed, have a dominant position within its market, have brands that resonate, and been around quite a while.
My advice: take your own advice and use these three rules, then you'll likely do better than any investment adviser. Want a snapshot of how good returns can be? Check this out >>Do Not Click Here<< Nah, go on you can click it, what it shows is that by applying my three rules you can achieve better than a 40% return in less than a year.
To discuss please visit the forum. Your ideas are valued.
1. Boring is best
If the industry is out of date, no-one wants to know about it any more, isn't sexy, isn't highly technological, people laugh if you mention it or better still, have never heard of it and have no idea what it does exactly, then I'm interested in it.
2. Don't pay too much
That great company may be the bees knees, have great management, reasonable debt levels and has been making solid profits for a hundred years; but if it's over-priced it's still a no go.
3. It must be solid
The company must be respected, well managed, have a dominant position within its market, have brands that resonate, and been around quite a while.
My advice: take your own advice and use these three rules, then you'll likely do better than any investment adviser. Want a snapshot of how good returns can be? Check this out >>Do Not Click Here<< Nah, go on you can click it, what it shows is that by applying my three rules you can achieve better than a 40% return in less than a year.
To discuss please visit the forum. Your ideas are valued.
November 30, 2016
Update: Advantages of Investing in Stocks
I have pointed out how investing in stocks or shares can achieve outstanding returns. I tipped Bradken (ASX: BKN) back then, you can read about it here >>>http://kenhorlor.blogspot.com/2016/06/advantages-of-investing-in-stocks.html
Check out Bradken now; AUS$3.19
Jan 21 they were AUS$0.38
Jun 9 they were AUS$1.22
As at Nov 30...they are AUS$3.19
That's just one year; AUS$50,000 invested upon my tip on June 10, would have acquired 40,000 shares (rounding and allowing for brokerage and such), and that stake would now be worth AUS$127,600.
Also, check my portfolio tracker, now up 48% this year. http://www.siliconinvestor.com/portfolio.aspx?fid=521
My favourites, Oshkosh (NYSE: OSK ) and Trinity Industries (NYSE: TRN) are up 103% and 72% respectively
Check out Bradken now; AUS$3.19
Jan 21 they were AUS$0.38
Jun 9 they were AUS$1.22
As at Nov 30...they are AUS$3.19
That's just one year; AUS$50,000 invested upon my tip on June 10, would have acquired 40,000 shares (rounding and allowing for brokerage and such), and that stake would now be worth AUS$127,600.
Also, check my portfolio tracker, now up 48% this year. http://www.siliconinvestor.com/portfolio.aspx?fid=521
My favourites, Oshkosh (NYSE: OSK ) and Trinity Industries (NYSE: TRN) are up 103% and 72% respectively
June 10, 2016
Advantages of Investing in Stocks
New Zealanders are obsessed with real estate. Apart from a few savings in the bank, that's about all they invest in, be it their own home or home plus other property as an investment. Residential rental makes up a large proportion of the latter.
With the just announced bank restrictions on financing available to investors, it's possible they may look to the share market. If they do, there are several advantages over direct personal investment in real estate:-
1. It's a relatively passive form of investment (this is not to say you turn your brain off and don't let the company know what you think). With real estate you need to be concerned about maintenance, paying rates, insurance, making mortgage payments, finding tenants - the list goes on.
2. Gains can be outstanding and so long as you don't buy with the intent to sell, then like real estate investment the capital gains are tax free. With real estate, over time, the gains are definitely there, but do those gains all occur within a year? You can do that in stocks. But like deciding which property to buy you need to do your research and be satisfied that the company you're investing in, and becoming part-owner of along with all those other shareholders, is well managed and has prospects.
3. You can adjust your portfolio and do it easily. By that I mean, if you own the shares, you can sell as many of them as you like if you choose to (any marketable parcel). Can you sell half of that house you rent out? Or sell doors and windows? And if you can you need to get your hands dirty, and if selling the building you need a lawyer and likely an agent. Then if subdividing the property there are tax implications.
4. Income from dividends, return of capital, bonus issues and dividend reinvestment schemes make the returns often better than real estate.
Think about it, but beware, I think the most important thing is to be disciplined. The share market is a roller coaster and you need to think for yourself and be prepared to go in the opposite direction to the herd. That is, buy when everyone is selling and sell when everyone is buying.
An example of what is possible:-
ASX Bradken (BRK)
Jan 21 - they were at Aus$0.38
Jun 9 - they closed at Aus$1.22
You'd find it hard to triple your money in months in real estate. Some bright spark will point out, no doubt, that the above company is losing money and having to restructure. And they'd be right. But think about this, the company is not going to disappear overnight and if it fails will be gobbled up by someone else. It's a pretty solid company, not fly-by-night stuff.
Our bright spark will rightly reply that with investment real estate, you get the advantage of mortgage gearing and the tenant pays off the mortgage. How does mortgage gearing work? Well, the lender is not participating in the asset, they're just lending the investor money and charging for it while keeping the real estate as security. If you buy a $450,000 house and put in the minimum amount of equity, say, $135,000 and the property rises 10% in value during the first year, you book a $45,000 profit (at least on paper). Rounded down that's a 33% return on that $135,000. All the capital gains are yours.
This all sounds good and it looks like real estate is by far the better bet. But think about this - while things are going great, real estate is a sure-fire winner, but as an investor it is you with everything on the line. If the market tanks, you still have that mortgage to pay back. If you can't find tenants, tough, you still have to pay the mortgage. Everyone thinks of the times when things are going great and they never think about what may happen if things go wrong.
I think this is where investing in the companies listed on the share market comes into its own. If things go bad, you have no ongoing obligation to anyone so long as you haven't borrowed to buy those shares. You may have to forgo a dividend, or wait for the company to recover, or even sell at a loss, but that's where your obligations end. The company may ask for a further contribution, a rights issue, but you're never compelled to invest in those (they're often a very good idea by the way).
If we go back to our $135,000 equity example above, it's hard to get that 33% return on the share market across the whole portfolio. But get this, you also have far less risk than with real estate. If you apply the time honoured principle of compounding your investment, by reinvesting capital gains when realised, participating in dividend reinvestment schemes, buying shares offered in a rights issues, and taking your dividend income and reinvesting part of that (I'm assuming at least some of the dividend income is used to pay expenses, such as brokerage when due), then I'm sure returns can be better than real estate investment.
Whatever you do, my own experience of using advisers is they're often useless. My advice is use your own research, like you would when buying a house, know the market and what you want. What company do you like and why?
With the just announced bank restrictions on financing available to investors, it's possible they may look to the share market. If they do, there are several advantages over direct personal investment in real estate:-
1. It's a relatively passive form of investment (this is not to say you turn your brain off and don't let the company know what you think). With real estate you need to be concerned about maintenance, paying rates, insurance, making mortgage payments, finding tenants - the list goes on.
2. Gains can be outstanding and so long as you don't buy with the intent to sell, then like real estate investment the capital gains are tax free. With real estate, over time, the gains are definitely there, but do those gains all occur within a year? You can do that in stocks. But like deciding which property to buy you need to do your research and be satisfied that the company you're investing in, and becoming part-owner of along with all those other shareholders, is well managed and has prospects.
3. You can adjust your portfolio and do it easily. By that I mean, if you own the shares, you can sell as many of them as you like if you choose to (any marketable parcel). Can you sell half of that house you rent out? Or sell doors and windows? And if you can you need to get your hands dirty, and if selling the building you need a lawyer and likely an agent. Then if subdividing the property there are tax implications.
4. Income from dividends, return of capital, bonus issues and dividend reinvestment schemes make the returns often better than real estate.
Think about it, but beware, I think the most important thing is to be disciplined. The share market is a roller coaster and you need to think for yourself and be prepared to go in the opposite direction to the herd. That is, buy when everyone is selling and sell when everyone is buying.
An example of what is possible:-
ASX Bradken (BRK)
Jan 21 - they were at Aus$0.38
Jun 9 - they closed at Aus$1.22
You'd find it hard to triple your money in months in real estate. Some bright spark will point out, no doubt, that the above company is losing money and having to restructure. And they'd be right. But think about this, the company is not going to disappear overnight and if it fails will be gobbled up by someone else. It's a pretty solid company, not fly-by-night stuff.
Our bright spark will rightly reply that with investment real estate, you get the advantage of mortgage gearing and the tenant pays off the mortgage. How does mortgage gearing work? Well, the lender is not participating in the asset, they're just lending the investor money and charging for it while keeping the real estate as security. If you buy a $450,000 house and put in the minimum amount of equity, say, $135,000 and the property rises 10% in value during the first year, you book a $45,000 profit (at least on paper). Rounded down that's a 33% return on that $135,000. All the capital gains are yours.
This all sounds good and it looks like real estate is by far the better bet. But think about this - while things are going great, real estate is a sure-fire winner, but as an investor it is you with everything on the line. If the market tanks, you still have that mortgage to pay back. If you can't find tenants, tough, you still have to pay the mortgage. Everyone thinks of the times when things are going great and they never think about what may happen if things go wrong.
I think this is where investing in the companies listed on the share market comes into its own. If things go bad, you have no ongoing obligation to anyone so long as you haven't borrowed to buy those shares. You may have to forgo a dividend, or wait for the company to recover, or even sell at a loss, but that's where your obligations end. The company may ask for a further contribution, a rights issue, but you're never compelled to invest in those (they're often a very good idea by the way).
If we go back to our $135,000 equity example above, it's hard to get that 33% return on the share market across the whole portfolio. But get this, you also have far less risk than with real estate. If you apply the time honoured principle of compounding your investment, by reinvesting capital gains when realised, participating in dividend reinvestment schemes, buying shares offered in a rights issues, and taking your dividend income and reinvesting part of that (I'm assuming at least some of the dividend income is used to pay expenses, such as brokerage when due), then I'm sure returns can be better than real estate investment.
Whatever you do, my own experience of using advisers is they're often useless. My advice is use your own research, like you would when buying a house, know the market and what you want. What company do you like and why?
May 22, 2016
Portfolio Tracker Update
Making a small adjustment, I've sold half of my under performing Freight Car America and bought Federal Signal. The loss on Freight Car I've reflected in the share cost for that stock holding (put the share cost up).
May 06, 2016
Apple Inc
Is Apple Inc down and out? If you only read the responses to their latest earnings report then you'd be excused for thinking they were.
Check this out - the stock price for Apple Inc at the close of business Friday May 4, 2001 was $1.84. The price on May 4 2016 was $94.19.
10,000 shares bought at 1.84 = $18,400
10,000 shares sold at 94.19 = $941,900
That's a capital gain of $923,500. I think you'll agree, a pretty nice return.
Naysayers can be found everywhere. They're often wrong. Apple was thought to have peaked in 2012. Their price then was $80.75.
Now I'm not guaranteeing staggering returns like these. But pick a good company and by sticking with it, you can do a lot better than with real estate or any other form of investment for that matter.
April 11, 2016
Joy Global Tip and Deere
Earlier this year I added two companies to my tips, in addition to Caterpillar. They were Joy Global and Deere. If my readers had acted on this tip the next day, the following would have resulted by the close of trading on the 8th of April:-
Joy Global has returned 61.25% to investors in capital gain in just over two months.
Deere has returned 5.99% in capital gain.
Now I realise this is a very short time period. These are stocks to buy and hold for the long term, with Joy Global being the most vulnerable amongst the stocks I've tipped (biggest risk, also biggest gain, that's the way it goes, it could also flip the other way).
But get this, if you had invested an equal amount in each tip, you'd have made 50% excluding any dividend in just a few short months.
I'm good at this, very good.
(Note: These opinions are information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
Joy Global has returned 61.25% to investors in capital gain in just over two months.
Deere has returned 5.99% in capital gain.
Now I realise this is a very short time period. These are stocks to buy and hold for the long term, with Joy Global being the most vulnerable amongst the stocks I've tipped (biggest risk, also biggest gain, that's the way it goes, it could also flip the other way).
But get this, if you had invested an equal amount in each tip, you'd have made 50% excluding any dividend in just a few short months.
I'm good at this, very good.
(Note: These opinions are information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
Caterpillar Tip
I tipped Caterpillar (NYSE: CAT ) back on Saturday Sept., 26 2015. If you read that post and acted on it the next Monday, then at the Friday April 8 close you'd have a 16.55% return on your investment through capital gain alone (not counting any dividend, one qualifying payment in that period).
(Note: These opinions are information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
(Note: These opinions are information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
January 19, 2016
Three Industrials Compared
I'm usually loath to do any stock picking publicly as it could be construed as some kind of investment advice, which I never provide. Never. Not even when I'm in a good mood.
Anyway, that said, I thought it useful to compare three industrials. Some you may have heard of, others you may not have. They're all great companies but any investor had better have their eyes wide open when buying shares in them.
1. Caterpillar (NYSE: CAT)
They're a good dividend payer but sales have been lagging which may impact their ability to buy back shares and pay dividends in future. The sector is undergoing a recession, and CAT have begun restructuring - long overdue.
They're the main brand of construction equipment worldwide, with loyal customers, often said to have CAT yellow coloured blood in their veins. They're strong in infrastructure, so if you think your government is going to spend on roads and bridges, then these guys win from that activity.
Currently their share price is falling, and getting cheaper by the day. They're now in the buy category. You buy and hold these shares, never sell them. Why would you?
2. Joy Global (NYSE:JOY)
I often see Joy Global mentioned alongside CAT. Don't be fooled though, they're not nearly as big and rarely a direct competitor. Joy's main line is underground mining equipment and surface mining equipment such as face shovels and draglines, along with breakers, blast hole drills and assorted items.
They're losing money right now. If you're a risk taker then they're worth a look. Problem is though they're exposed to industries that are cyclical and right now those industries are in the doldrums. This company will take a while to come right.
3. John Deere - Deere & Company (NYSE:DE)
A competitor for CAT and also into Agriculture and Turf. A solid performer but without quite the loyalty of CAT customers, the reputation or the global reach. They're no longer as cheap relative to earnings as CAT which is kind of interesting. They're not as big a dividend payer. Like the other two, sales and earnings are declining. They're a solid company though, it's hard to imagine you losing your money.
(Note: These opinions constitute information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
Anyway, that said, I thought it useful to compare three industrials. Some you may have heard of, others you may not have. They're all great companies but any investor had better have their eyes wide open when buying shares in them.
1. Caterpillar (NYSE: CAT)
They're a good dividend payer but sales have been lagging which may impact their ability to buy back shares and pay dividends in future. The sector is undergoing a recession, and CAT have begun restructuring - long overdue.
They're the main brand of construction equipment worldwide, with loyal customers, often said to have CAT yellow coloured blood in their veins. They're strong in infrastructure, so if you think your government is going to spend on roads and bridges, then these guys win from that activity.
Currently their share price is falling, and getting cheaper by the day. They're now in the buy category. You buy and hold these shares, never sell them. Why would you?
2. Joy Global (NYSE:JOY)
I often see Joy Global mentioned alongside CAT. Don't be fooled though, they're not nearly as big and rarely a direct competitor. Joy's main line is underground mining equipment and surface mining equipment such as face shovels and draglines, along with breakers, blast hole drills and assorted items.
They're losing money right now. If you're a risk taker then they're worth a look. Problem is though they're exposed to industries that are cyclical and right now those industries are in the doldrums. This company will take a while to come right.
3. John Deere - Deere & Company (NYSE:DE)
A competitor for CAT and also into Agriculture and Turf. A solid performer but without quite the loyalty of CAT customers, the reputation or the global reach. They're no longer as cheap relative to earnings as CAT which is kind of interesting. They're not as big a dividend payer. Like the other two, sales and earnings are declining. They're a solid company though, it's hard to imagine you losing your money.
(Note: These opinions constitute information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)