Sunday, March 03, 2013

Challenger Financial purchased

On Friday I purchased some shares in Challenger Financial (ASX:CGF).  This is one of several companies listed in Australia and New Zealand that I have been looking at. Their most recent results have removed uncertainty that I had regarding their future capital needs. While CGF is viewed by the market as a company with limited growth prospects, that is already reflected in the low valuation (both in absolute terms and when compared with other companies such as AMP which operate in the same industry).

I paid AUD3.79 per share.

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