Dod101 wrote:BullDog wrote:Thank you Dod. Yes, the share price is at a year low it seems. Some of the froth might have have blown off the premium to NAV. But if looks to me like it's still around 25%-ish or thereabouts. Whilst the yield is at a level that interests me, I would have to sell something to invest in PHP. I think I will sit and wait awhile. Thanks again.
I am grateful it has been flagged up though
I think the price is at its lowest point since December 2020 and of course the yield is now better than 4% where it has not been for some time. This could be a good time to buy. As a long term holder though I am not too impressed.
Dod
Thanks Dod, we have all been there.
Yes, I am torn to some extent over PHP. I generally do not pay over NAV for anything. PHP is very high quality income, without a doubt. Whether it's worth selling something else in my portfolio to buy it, well that's a tough question.
I feel there may be a bit more froth to blow off PHP just yet. In an increasing interest rate environment, the bond like income quality of PHP may come under some pressure yet. Let's wait and see a while.