Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
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Dear "Dr" Bourse,
thank you for input. Here's mine (in my own name)
1. 2005 buy 400 CSL
2. 2005 buy 200 CSL
3. 2007 sell 100 CSL (note,, leading into GFC)
4. 2007 .. three for 1 consolidation
.
Still holding 1500 shares. There was a 2008 SPP that I put 5k into, for 135 shares, but sold for $4989 (GFC nerves).
Back of the envelope:
- Funds committed $12,851 + 7032 - 3300 = $16,583
- Paying dividends 2x a year. These are generally paid in USD and unfranked now. .... first one was $148
2021/22 dividends 2134 + 2637
2022/23 dividends 2432 + 3011
- Current Yield on employed capital .. oh, about 30 per cent .. and likely to increase.
So, I think I can take the view that, for me, it is a dividend stock.
If I sold, the CGT would be cruel, and far eclipse the dividends, in terms of net cash.
So, I ask myself ; Is CSL a sustainable business, likely to be around in the future? I familiarise myself with its workings, and its sector, and take a view that it is a growth stock, investing in itself and looking for opportunities.
And the rest is NOISE. As they say, short term a voting machine, but long term a weighing machine.
and by the way, it is generally not a good look if other market participants are called sheep, or other disparaging terms. Many mug punters have been around for a while, with survivor bias keeping them humble.
thank you for input. Here's mine (in my own name)
1. 2005 buy 400 CSL
2. 2005 buy 200 CSL
3. 2007 sell 100 CSL (note,, leading into GFC)
4. 2007 .. three for 1 consolidation
.
Still holding 1500 shares. There was a 2008 SPP that I put 5k into, for 135 shares, but sold for $4989 (GFC nerves).
Back of the envelope:
- Funds committed $12,851 + 7032 - 3300 = $16,583
- Paying dividends 2x a year. These are generally paid in USD and unfranked now. .... first one was $148
2021/22 dividends 2134 + 2637
2022/23 dividends 2432 + 3011
- Current Yield on employed capital .. oh, about 30 per cent .. and likely to increase.
So, I think I can take the view that, for me, it is a dividend stock.
If I sold, the CGT would be cruel, and far eclipse the dividends, in terms of net cash.
So, I ask myself ; Is CSL a sustainable business, likely to be around in the future? I familiarise myself with its workings, and its sector, and take a view that it is a growth stock, investing in itself and looking for opportunities.
And the rest is NOISE. As they say, short term a voting machine, but long term a weighing machine.
and by the way, it is generally not a good look if other market participants are called sheep, or other disparaging terms. Many mug punters have been around for a while, with survivor bias keeping them humble.