Hope you enjoyed your shopping trip - we had our excursion into York yesterday afternoon and early evening, including the supermarket. (where we found several good “end of day” bargains.
With quite an extensive (and expensive) Christmas market in one of the main city centre streets, it certainly looked and felt very festive, and plenty of money (both cash and card transactions) was changing hands.
With the shares having recovered a bit since the stock market opened today, our gain per share (on what we have “invested”) is currently more like £1-35, or just over 26%.
What is more important to us, is that we have already more than doubled the number of shares we held - after selling the first 20%.
That was our initial long-term target, but when the Rights Issue came along, we decided to aim to double the total number of shares we were left (i.e. before selling any).
We are still not quite there, but it is just possible we could achieve that by the end of 2019 - depending on scrip price, exchange rates and how much cash dividend we would like to receive.
You recently mentioned that you had a break from investing in the stock market - “having retired hurt after 2008”, so how big (in percentage terms) was your loss, where did you put (what was left of) your money in the meantime, and have your “new” investments more than made up for those previous losses?
We certainly have no regrets of continuing to hold and gradually accumulate, even if the progress to date (in terms of capital growth)is not as good as could have been obtained elsewhere, but our current yield (on what we have “invested”) is now over 7%.
The yield on the Rights Issue investment is over 14%, and the shares have more than doubled in value since then, and we have also replenished the other funds we raided at the time (plus interest lost) by taking cash dividends.
Apart from buying our first house when we did (and subsequent moves), the Rights Issue is probably the best serious long-term “investment” we have ever made.
Dabbling in “collectibles” is fun, and I posted something earlier today which made (net) just over seven times what I paid for it earlier this year - but the initial outlay was only a couple of quid!!!
One would certainly need to source and sell a huge quantity of such items to turn it into a business venture, and, as with other investments, the value of “collectibles” fluctuates quite considerably, because “anything is only worth what someone else is willing to pay for it”.
I did, however, manage to acquire something fairly unusual while I was out yesterday, which would most likely sell (on-line) for considerably more than I paid for it, but I have no plans to list it until after Christmas / New Year.