Intelligent Investor

Taking The Spark Out Of My Monday Morning

By · 27 Feb 2012
By ·
27 Feb 2012
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Those being lured by the swathe of income securities coming to market need to take a look at this. Spark Infrastructure yields 7.5%, is a regulated, safe business and is almost certain to grow distributions over the next five years (management are forecasting 3-5% growth, which looks conservative to me).

Regular Bristlemouth readers will know how much I like this stock. And reading its results, out this morning, is a pleasurable experience. Everything exactly as expected from a predictable, reliable business. And then I came across this in the 'Fact Book':

Spark is now well positioned to assess further investment opportunities with a view to diversifying its portfolio – by asset class, geography or income stream.

Uh oh. That's a nice way to wreck my Monday morning.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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