So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,467
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- 1,469
VRLPA has historically always traded consistently lower than VRL.
Why has this relationship changed recently? Insights would be appreciated.
I totally sold out of VRL today @ $2.30 for a total pre tax profit (including dividends and less costs) of about 190% approx....easily my biggest % and $ winner....VRL was the first trade i entered with my new trading plan and its the first stock that has come full cycle.
I took a small profit early on to establish free carry, reduce exposure/risk and free up capital to buy another stock, and then simply let the general market rally off the low take the SP back up...and collected dividends along the way.
I recycled the VRL money, plus a little extra into TSI figuring the yield on offer (13.4%) combined with the entry on offer due to general sentiment over the last few months, as an ideal time to buy yet another quality bottom.
Good luck to the holders.
~
Congratulations on the profit. Hopefully you had a fair amount invested in the free carry. I simply bought with cash and held, 90% ROI so far. I will be holding longer though, with the perpetual buybacks EPS just keeps rising!
I bought TSI on your recommendation. Another VRL would be nice.
Right now I am waiting for the OAK capital raising to come, I love capital raisings.
Dan i have to say that i would hate to think that anyone did anything on my recommendation or acted on my posts/actions..i post all my buys and sells here for entertainment purposes only, i would never encourage anyone to act on anything i post or take anything i say as advice.
VRL is a preferred stock fro 2011 according to naos asset fund management fund manager sebastian evans according to the financial review 1(dec).
VRL's been holding above 2.25 which is a good sign breaking new highs as I speak. I think they will eventually try to privitise again, well I hope this will be the case.
N.T
(Aug 13, 2010) I totally sold out of VRL today @ $2.30 for a total pre tax profit (including dividends and less costs) of about 190% approx....easily my biggest % and $ winner....VRL was the first trade i entered with my new trading plan and its the first stock that has come full cycle.
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