I have a soft spot for Arena; it's my second largest holding, but it's my favourite (Macquarie is my largest holding). I've played a buy and accumulate with dividend reinvestments in Arena. Purchase from 2017 is now 2.37x larger than the original investment. The biggest regret? Not having picked up a bigger initial holding.
The increase in dividend payment is awesome for FY22, but with the share price appreciation, I'd rather it go down to continue to make the gains with the reinvestment plan! Looking forward, the yield is about 3.9% - never seen it so low. I wonder (and hope) the price flattens out a bit to allow the NAV to catch up.
Glad to join you quiet lurkers, and I hope to be holding this well into the future.
ARF Price at posting:
$4.05 Sentiment: Hold Disclosure: Held
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