I had been intending to keep this counter long-term and why not? This is a seemingly well-managed company that registers continuously good profit margins, has no debt and about 670m in cash, and pays good divvy.. However I believe the price will be stagnant in the near term and no divvy will be forthcoming for at least one year.
Bought:
24/6/2013 2.25 x 1000 + 21.45 = 2271.45
25/6/2013 2.15 x 1000 + 21.03 = 2171.03
29/8/2013 2.17 x 2100 + 30.26 = 4377.26
28/11/2013 1.95 x 1800 + 26.74 = 3536.74
Total Bought = 12356.48
Divvy Received:
2.07 x 100 = 207 + 33 cash
1.80 x 400 = 720 + 20 cash
Total Divvy = 980
27/08/14 Sold 2.10 x 6400 - 74.48 = 13365.52
Total Gain: 13365.52 -12356.48 +980 = 1989.04
A 16% gain in one year two months. Not bad, but should have done better. Still I'm happy with it.
I will definitely pick the shares up again once it drops below 1.90
