I was too busy on Monday to capitalize on the price fall following Brexit but I have nonetheless since entered into a new position which I would like to document.
Transit-Mixed Concrete (TMC)
Equity: Transit-Mixed Concrete Ltd (SGX:570)
Business: Concrete Supply, Concrete Pumping, Waste Management
Markets exposed: Singapore, Malaysia and Indonesia
Stock exchange: SGX
Purchase price: $0.690 / share (Cum Dividends)
Purchase month: July 2016
10% per annum:
TMC is an extremely resilient firm that thrived throughout the construction downturn. I feel that TMC is extremely well managed and well placed to capitalize on subsequent recovery in the construction sector in the next few years. As such, with dividend yield at a high 6%, I genuinely believe 10% per annum is attainable with TMC. In fact, I am hopeful that their Indonesian venture can propel TMC beyond 10% per annum.
Introduction:
As most investors would not have heard of ......
