Buy 5745 ALZ @ 1.40

ALZ is Australand. They are property developers.
At a Freestyler Network meeting in late July, I was told ALZ paid a 3c fully franked quarterly dividend (ex-div 9-Aug) and the stock was around $1.40.
Downside analysis should it become a long term hold:

  • An annualised 8.57% yield before franking credits.
  • My overall portfolio is underweight Sydney real estate (I’m bearish on it but I’ve been wrong before). So stock market exposure to the property market.
  • Trading Diary Corrupted

    Stuff happened (in an earlier version of the website) and this diary was lost. I’ve rebuilt the trading history from my records (and a backup) but have don’t have all the reasoning. Often on the losing trades that follow there was a day or two when the sell target was reached, but I didn’t have the sell order in because I was too busy. Live and learn.