Views on Invicta

[AJT]

I see Standard Banks latest research report on this share, dated 8 feb 2010, has a target price of R40 for Invicta next year this time. It trades at a PE of around 6, with a dividend yield approx 5x - would like to hear thoughts on this one?

[Wino]

From what I can see, pretty good divvie record. Trending sideways since begin Feb, might break eitherway. I don't think it will be big movements. Don't know how STD gets R40. Solid share, good fundamemtals & track record. If I was a hold and keep kind of guy it may be wothwhile accumulating for the divvie. Therefore depends on your profile.

[AJT]

thanks Wino - agree, accumulate and hold.....