Originally Posted by
Snoopy
Something very important psychologically happened on the market today. Did the market belatedly respond to the profit upgrade of 4th March?
There was sustained buying for RBD shares at over $2, with buyers at $2.02 and sellers at $2.03. $2.03 has some significance as taking into account the 1:12 bonus issue in year 2000, this was the original issue price back in 1997. A lucky 13 years after listing those original 'buy and hold' investors have *at last* got their capital back! That doesn't mean a zero return as over those 13 long years though, for dividends have been generous totalling $1.03 per share. Those of us who mainly bought into the share later, have of course done much better.