So - what's the catch?
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Like buying any asset the skill is in the buying.
That's where the big money is made.
Those of us who brought into HGH between 60 cents and a $1, are enjoying our successful investment,and our dividend yield on purchase price is outstanding.
"Time is the friend of any good investment".In HGH's case ,time is proving a great friend.
While it is true that well timed buying is crucial - it is only half of the story.
Buy and hold might be a valid strategy for some shares for certain time periods ... but there are not too many shares I can think about where it would have been a great strategy for ever ... and even "ever" would be only limited to the current date. Who knows what the future brings for these companies.
It is always a good idea to know when to get out as well.
Just check how many of the companies listed 25 years ago on the NZX are still around ... for all the others there would have been a good time to leave instead of waiting for their demise ;);
Didn't you own at some stage EVO - are you still holding? And one could argue that with TRA there would have been an amazing opportunity to sell well north of $3 ...
Ah well, we all make mistakes - but this is probably for a different thread - and just for clarity: I don't think that now would be a good idea to get out of HGH (though ... last year there was, even if it had at that stage still a different ticker).
https://stocknessmonster.com/announc...gh.nzx-344296/
I can't criticise Jeff for hanging about. On Tuesday at the AGM he announced an expansion of the $A bond program, with a proposal approved by the board to add an extra $100m. Less than 48 hours later the deal is done! I would like to shake Jeff's hand! But if I did that, I'd be fairly sure I would be left holding nothing but a glove and Jeff would have already disappeared on to his next appointment.
How does raising this new mortgage backing money in one huge lump tie in with the AGM assertion of 'just in time' financing though? Is Jeff really writing $A100m of new reverse mortgage business in Australia this week?
SNOOPY
Just in time had a very different meaning when it was to meet The Reserve Bank of NZ requirements for Heartland Bank.Think months.
Just in time for Heartland Bank today can mean HGH top up the bank's requirements possibly overnight.........................Think hours.
Just in time for HGH to meet lenders capital requirements,may mean months or possibly years.Think plenty of time for a rights issue if needed.
ps.I thought you did shake Jeff's hand,I did not notice you losing any body parts.!