At 12.6% of my portfolio at this minute and Im happy to keep holding. Im expecting to see a significant increase in the dividend (looks like Mr Market is too) so Im happy to continue to hold.
Printable View
‘Normalised’ earnings will come in a fraction over guidance
The revaluation downwards of their Harmoney is covered by part of the covid overlay which they’ll write back …reported profit a few million more than guidance …..unless Jeff finds something else he needs to ‘proactively provide for’
No worries …even F22 forecast will be good.
I don't know about Mr Beagle but I have too many stocks, no rules around rebalancing and no set time frames. I do start to get thoughtful when anything exceeds around 12%. I also scratch my head a bit about anything with a > 100% gain. Usually I just sit on them. Occasionally I get lucky and sell (SML @ 10) or maybe a portion (Scales).
Aha I’m running 37% HGH, bought in at around 1.08 I think. Maybe that’s why I’m nervous.
For what its worth on very rare occasions I am happy to buy up to 15% portfolio allocation for REALLY high conviction positions and let it run of its own momentum to as high as 20% before rebalancing. I see Kingfish seem to have a similar approach with their maximum capped at about 20%. Its up to each person to decide for themselves what their risk tolerance is in terms of the maximum in any one company...other than my signature line I have given up, (which I am sure will be a tremendous relief to some lol), preaching about the merits of diversification.
Back to HGH...nice to see this starting to gather a little bit of steam on solid volume. I remain confident this is tracking north and should continue to do so very nicely in the foreseeable future and is very well supported by both TA and fundamentals. Its really cool how HGH tell you what next years profit is going to be when reporting current years profit so I look forward to their FY22 forecast later this month with considerable interest.