Q. I have just received the Security Purchase Plan offer from Stockland. Is this worthwhile considering the purchase price is $3.88 while the current stock price is $3.51. My own thoughts are that there are better stocks to consider.
A. Thanks for the question.
If you want to invest in Stockland, buy the units on market, rather than through the share purchase plan.
As indicated by the current price (around $3.51), the market has gone a little negative on Stockland. According to FNArena, sentiment is “neutral”, and the consensus target price by the broker analysts is only $3.84.
I am with you – Stockland would not be at the top of my buying list.
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.
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