Solid day for NWF today, a number of small buys pushing the share price up through 12c. seller volume looks to have dried up a bit too. it's fairly patchy after the current offer of 12.9c
Congratulations to holders ... and yes, some people who bought in quite recently (well, in the last 3 years or so) and with the right timing do have a reason to be happy.
Still - it might be appropriate to mention that long term holders lost more than 80% of their capital (more if they only bought in the IPO) - and this is (I think it is now 12 years since IPO) the first return on the dollar they invested per share ...
A true long term investment ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
I am an original invertor, but with subsequent purchases my average is 24 cents, so only down fifty odd percent........
Still, really happy to see this first dividend. Hopefully the first of many.
Originally Posted by Well Endowed
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