$NetLink NBN Tr(CJLU.SG)ContextNetLink NBN Trust owns the fibre network that connects homes across Singapore which gives…
$NetLink NBN Tr(CJLU.SG)
Context
NetLink NBN Trust owns the fibre network that connects homes across Singapore which gives it steady and fairly predictable cash flows and regular distributions. That makes it a defensive holding that doesn't rely on a booming economy.
My trade
I bought in three lots for the dividends, starting last year and adding more in recent months. The stock has traded lower recently so my latest buys are sitting close to the current price and the position is only slightly in the green.
Takeaway
Building the position in stages leaves room to act on weakness so I may add more if the price keeps falling, as long as the distribution still looks sustainable.
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