Thats a pretty fabulous return in a year Percy! WOW! Onwards and upwards! :)
Well done Percy! Interestingly a similar (hypothetical and retrospective) $1m investment in PLX would have done well too.
PAZ 7c to 20c = 185%
PLX 20c to 80c = 300%
Early days in a 10 yr competition. I wonder who of us will be still around for the awards ceremony!!
Can not win all the time Percy....
well done percy your retirement fund is doing really well
Indeed always opportunities and although I missed PAZ, I'm happy with PLX in my portfolio.
Must say the assumption that one would stick with one company for 10 yrs as a viable strategy is a bit suspect IMHO. ATM has so far been my longest investment at 5 yrs, and while I may well still hold some in 5 yrs, it is more likely that I'll have considerably reduced my holding and re-invested elsewhere.
It might be interesting to see what actual NZ companies investors have stuck with for the last 10 yrs and who has done best?
I held EBO for over 25 years.I think people who brought into the IPOs of the following companies would be rather pleased they never sold.
AIA,FRE,IFT,MFT,POT,RYM.TPW.
Longest share I have held is KIP/KPG 31/3/1997 (22+years)
Bought 18,000@1.10 Cost $19,840.
Value now $28,922
Total dividends received $27,528.
A few cash issues along the way with them.