As humble a stock as one is likely to find, but with a P/E of 8.7, and a dividend of 5.6% (DRP available), it makes all the snazzy stuff in my portfolio look like doodly-squat.
Oldfields is a paint-and-ladder supplier. (I bought a ladder of theirs in a Melbourne hardware last year. Nice ladder.)
They have a couple of statements in an A.S.X. announcement today, firstly they've taken over a garden shed business in Adelaide (OLH's home town).
Oh yeah, and they're in the process of expanding their footprint in China. Sums up this mob entirely: who needs China when there's Adelaide.
52 week high-low is 1.22 - 0.85. (the low was January 2007). Closing price this arv at 1.16.
I know this sounds like a ramp, but can anybody find reasons against having this one in the mix?