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20:16
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Originally posted by peejay2:
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May...yep, that’s me. I was underwater with SEC, but listened to their podcasts etc, stating that they were going to stick with their knitting in going for value investing rather than for growth, and that they weren’t going to be deterred. Like WIC, their portfolio remained fairly static and the disc to NAV at some stages was 30-35% ! That I believed was unsustainable and I was in a position where I topped up with SEC at 1.29, 1.30, 1.31 and 1.39, 20k shares in total. It was nail biting stuff, but the portfolio was fairly transparent and the NAV just kept rising in line with the SP. I certainly didn’t expect them to rise as much as they did and as consistently as they have. I am in BLU at 5 cents having transferred them from a private company shell a few years ago where they have done pretty much nothing since them. Fingers crossed.
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Always good when a share gives you a nice (positive) surprise like that. I feel a bit that way with WIC; I definitely think the share price increase is justified, but just surprised that it has been picking up so rapidly of late.
