Slow is good - slow living, slow ahem..
[QUOTE=winner69;502762They need a rev up instead of sitting on their laurels[/QUOTE]
HNZ is an incredibly boring share but with a very slight upward bias.
However, it is also my best performing share for the last two years. It closed at 57 cents on 6 Sep 2012 and at 86 cents a year ago on 5 Sep 2013. Even if you consider the boring last 12 months, it is now 96 cents, an increase of 10 cents. Add the dividends of 6 cents (and fully imputed too!!), you are 16 cents up or an 18.6% after tax gain. If we can consistently achieve that in our portfolios, we will all retire very young and early.
So all I want is for it to just creep up an average of 1 cent a month for the next couple of years, or better still 1 percent a month.
Not asking much am I?
Edit: realised that my calculation above is based on present price which is CD but so is the 86 cents last year (albeit with 2.5 cents div then) - so, share up 10 cents and div paid in the last 12 months of 5 cents makes an after tax gain of 17.24 percent