SYD
For a while, I was topping up SYD but recently, it had bad news from the government. The government is not helping with any fund to develop the second airport. It hasn't been great for SYD shares. But I continued to buy because it is a very profitable organization with a long monopoly.
However, you wonder how its passenger numbers can keep going up!
posted by Club Mulgoa @ 10:47 PM
2 Comments:
Finally, what I said is true. When no one wants to buy but the company continues to make good profit from the airport monopoly, that is the best time to top up shares in that company.
In the last year, almost every time I bought, the share price continued to tumble. And only recently, every top-ups I did in the last 12 months have risen over current share price.
Even truer today! When the profit is good, when the passengers are coming in, in bigger number and when it is not buying into Badgery Creek airport... and when investors were selling, that is the best time to buy.
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