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    Last Share you Bought?
    • #1
    • 14th Apr 12, 9:32 AM
    Last Share you Bought? 14th Apr 12 at 9:32 AM
    I thought it would be interesting to see what everyone was buying and why.

    Last week I bought:

    Firstgroup, because of the stonking 12.5% yield and 7.5 PE ratio. I think with austerity people will use public transport more, I also think it likely the Government will encourage more people to use public transport. Quite a few possible minuses with this one - reduction of subsidies, and a high fixed costs business

    British Land, just because I think it's a good long term holding. It owns a lot of dull dependable Tesco stores etc. On the minus side I think property companies will have a few bad years because the banks don't have money to lend for development it would be a 'mare if BL couldn't rollover debt when it matured
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