Sell @ $2.76, $2.77
Need to free up more cash to buy other stocks. I have reached my objective to cut down to 5% of my portfolio. Since I seem to feel quite good, despite making realised losses, I plan to continue selling…
It's been 4 years 4months since I first bought for my longest held lots and the price is ~ -15% for my expensive ones. I suppose, with the Dividends collected to date, I probably still have a Nett Gain of 0.x% annualised. Not good at all… considering the recent high inflation..
Although HLFin continues to be highly undervalued when compared to their NAV = $3.68 ie. 25% Discount @ $2.76, my current thoughts are this is not meaningful unless there's a G.O. Without such an Offer, the markets appears to be valuing it based on a Yield of 4%+. If that's the case, we'd require EPS to improve such that they can increase the DPS. Perhaps 2014 will be the year? They'd previously stated that theie EPS is suffering due to the super low bank interest environment. So, when Tapering starts, interest rate is expected to go up and HLFin EPS will go up? But, perhaps a 4%+ Yield will drop in attractiveness when compared to the higher interest rate?? I won't be hanging around to find out… At this point, I see other stocks of better potential which I want to switch over to..
Well, as Warren Buffett said, "Price is what you pay, Value is what you get." At the prices I'd paid, I'm definitely not getting any Value… Perhaps those who'd gotten it at < $2.50 would find good Value (Good Yield + Capital Gains)… 😀