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We are retired and in receipt of the aged pension.
I feel that my holding in AGL has ran it’s race and while it is fairly well priced, I may sell and replace with Aristocrat.
Your thoughts?
The other question is, with the probable Labour win – Would you suggest that for a person in a position of not paying tax, to look at investing with a priority on companies paying franked dividends?
A: AGL and Aristocrat Leisure are two very different stocks in two very different industries. The former is trading on a multiple of 13.9 times FY19 earnings, the latter 18.6 times. AGL is yielding 5.2%, whilst Aristocrat is forecast to yield 2.2%.
Apples and oranges.
If I had a preference (for my financial situation and objectives), I would probably nominate Aristocrat.
In regards to your other question, I can’t really answer this. I think the market has already priced in some of the potential impact – but very hard to make a call as to how much. The most likely outcome in the event of a Labour win is that the Senate will amend the legislation – but just how so remains to be seen. I wouldn’t take any action – yet.
