Sydney Aquarium Limited
Recommendation
Sydney Attractions Group Limited -
SAQ
Current price
$6.35 at 11:44 (28 February 2008)
Price at review
$4.30 at (17 April 2003)
All Prices are in AUD ($)
Although the share price of this first-class tourist attraction has fallen 3% since issue 119/Jan 03 (Long Term Buy - $4.42), we're surprised it hasn't fallen further given the SARS epidemic and its effect on inbound Asian tourist numbers (and panicky investors). It should pay 28 cents in dividends this year, putting it on a yield of 6.5%. Perhaps this generous dividend is supporting the stock price. Sydney Aquarium is a fantastic business and in the long-term will perform well, and if the price falls much more we'll consider upgrading it. But for the moment it remains a sound LONG TERM BUY.
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Recommendation
Sydney Attractions Group Limited -
SAQ
Current price
$6.35 at 11:44 (28 February 2008)
Price at review
$4.30 at (17 April 2003)
All Prices are in AUD ($)
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