Author Topic: Aussie Ghost Ship  (Read 1305 times)

burrow

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Aussie Ghost Ship
« on: February 21, 2015, 01:15:52 PM »
http://www.wsj.com/articles/SB10001424052702304199804577477131145378546

Are there any Aussie listed stocks that fit this boat? "Blue-chip, dividend-paying companies that could thrive for decades"?

marty998

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Re: Aussie Ghost Ship
« Reply #1 on: February 21, 2015, 03:37:48 PM »
Commonwealth Bank
Telstra
Woolworths
BHP
Woodside
CSL
Sydney Airport
Transurban

deborah

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Re: Aussie Ghost Ship
« Reply #2 on: February 21, 2015, 08:07:03 PM »
I remember a story my father used to tell me. He was working with this man who sold a block of land. The guy he sold it to eventually paid him, but with stocks - because he didn't have the money for the block. I guess this must have been in the 1950's. He was so disgusted he chucked them into a drawer and didn't look at them for 20 years. He complained that he had been done - the block of land was now worth far more than it had been.

One day, dad got him to get them out of the drawer to see it they were worth anything. They were BHP, so they were actually worth an enormous amount - far more than the block of land. The guy retired.

bigchrisb

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Re: Aussie Ghost Ship
« Reply #3 on: February 22, 2015, 04:14:13 PM »
I see a couple of the old school aussie LICs a bit like this - their turnover rates of stocks are incredibly low, generally hold old economy dividend payers, and have very low management costs.  Over a 20+ year horizon, the main ones have outperformed the benchmark too, by a couple of percent a year after fees and taxes.