Amalgamated exceeds expectations

Amalgamated has produced far higher returns than we expected, but should you hold on or is it time to cash in?

When we upgraded Amalgamated Holdings just over two years ago in Hush, and hear Amalgamated’s charms (Buy $7.76) we said ‘Based on its fully franked dividend yield of 5%, the lion’s share of returns (7.1% of the 9%) will therefore come from dividends and franking credits. This isn’t a stock for investors seeking 15% returns but risk averse income investors may find their appetite whetted.’


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