run starts now?, page-19

Casperwjt

For a high dividend-yield stock like TGA, what happens to the SP on a day-to-day basis should be of little concern. Focus on the health and long-term prospects of the business. It is the yield that allows one to be patient, and perhaps take a larger position than one would for a low-to-no dividend-yield stock. Stuffing around with small positions is a waste of time - OK for convent girls with spare lunch money.

The current sell off reminds me of the situation circa April-June 2012 when PPT made the decision to exit the share register, and dumped a few million shares at circa $1.40 - an SP that tempted me to borrow $60K from family, and buy. The dividend yield on that $60K investment has been very good - namely:

- - - ¢ per Share - Franked - Ex-Div Date - Pay Date
Interim - 4.50 - - - 100.00 - 19/12/2013 - 17/01/2014
Final - -- 6.00 - - - 100.00 - 11/06/2013 - 18/07/2013
Interim - 4.50 - - - 100.00 - 20/12/2012 - 17/01/2013
Final - -- 5.50 - - - 100.00 - 08/06/2012 - 18/07/2012

Even at today's $2.10, the capital appreciation has been nice. I am too lazy to calculate the average return on that $60K punt.