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Re: IMF - IMF (Australia)


Nutmeg, thanks for clarifying those points. Good information.


I try not to buy into businesses with either lumpy cash flow or earnings.  They are notoriously hard to value, especially if they seem to follow no particular earnings cycle. As a whole it is definitely outside of my circle of competence  (as your reply shows).


The stock interests me though in the sense of its story (rather than as an investment), I follow it on and off, mainly out of interest to see how they go with their expansion.


I know a lot of people bought this as a high-yielding stock, but it isn't. Some times it will pay a good dividend, other times it will pay none (ie. last half).


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