I'm at 27.3% increase and 1.4% loss on HBL as of tonight, had a nice drink of some home made lemon liqueur(Vodka based)to celebrate, I'll have another shot on your behalf.
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SUM - depends upon your definition of a reasonable dividend but I have them on a forward underlying PE of 17 with a CAGR of 45% per annum over the last 6 years ! This year I still expect growth of 20-25%. That said I share the general thrust of what you're saying, its pretty to find value especially now the NZX50 is over 9000 !. GNE after the last 2 days they have dropped about 8 cents to $2.42 and there may be a little value there or maybe look at AIR where analysts on 4traders expecting increasing divvies over the years ahead. FWIW I also have a modest stake in MEL.
I hold some GNE and bought a very modest extra parcel of AIR today.
I'm slightly underwater on my recent reentry into HBL and my policy is not to add to losing positions and there are no exceptions to that rule ! Averaging down is for people with better blood pressure than me LOL
Thanks Couta and well done
Isnt it interesting how Couta and Beagle have completely opposite strategies.
And as a comment its not usually a good idea to broadcast your stop loss level Minimoke
Depends on how confident you are about a company and how big a buy you need to make to average down in a meaningful way. Recently bought quite a few NZR @ 230 and sold most a week or so ago at 252. My target portfolio quantity now has the right cost. Yes, my initial entry was way to high. But you have got to have confidence in the stock and know that your average down purchase is low enough. I generally put in a low order and forget about it. Mostly a nice surprise when it’s filled. You also need to be prepared to have a bigger portion in your portfolio should the price not recover as fast as desired. So it helps if it pays an ok dividend while you wait.