No coming back to even. A recent buy as everything thing else was too expensive. Along with one other I am too embarrassed to name.
Averaging down on further lower priced buys can be useful..
I had a number of horrendously expensive buys pre covid coming through this side
A combination of averaging down & SP recoveries has seen almost all back into positive territory
even the most dreadful
BGR was one of these & I almost didn't move to average down -- fortunately, a bit of work along the
way on average priice & it's now back to paying dividends..
Averaging down on further lower priced buys can be useful..
I had a number of horrendously expensive buys pre covid coming through this side
A combination of averaging down & SP recoveries has seen almost all back into positive territory
even the most dreadful
BGR was one of these & I almost didn't move to average down -- fortunately, a bit of work along the
way on average priice & it's now back to paying dividends..
Sometimes they keep on going down. Nowadays I'm happier to average down if I've been in a while and developed confidence in the company. This can lead to averaging at the best price.
According the AR2020 top twenty shareholder list in the annual report, there are only three entities that could sell 1m (actually 998,145 shares) in one hit.
1/ The family trust associated with company founder Simon Hull.
2/ The company associated with rich lister Peter Masfen.
3/ The partnership between two Christchurch businessmen, Russelll John Field and Anthony James Palmer
The first two are substantial holders so the stock exchange will have to be informed. But if no substantial shareholder notice is forthcoming. then the seller must be 3/ No point to speculate. We might as well just wait!
SNOOPY
Last edited by Snoopy; 09-09-2020 at 10:55 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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