Totally agree with your stock selection process Ormond, which explains why I come across your posts on my other holdings often. I have no problem with the size of the company and in some cases the smaller the better. I make sure the company is in a growth industry, good balance sheet with little debt or large capital requirements. I place close scrutiny to the major shareholders and will seldom buy if the directors do not have plenty of stock.
I do not have a problem with illiquid stocks as if you buy a business you have faith in, it can work to your advantage. Stocks I have been in for quite some time were quite illiquid and not generally commented on Hotcopper. Stocks I bought early and still own like IFM,MGM,PME,OBJ,PPS fall into this category that come to mind. I have to admit I bought RFL at an average of .09c to see it ride up .50c and only sold a third and we are now back at 16.5c. Also only bought half of my usual stake in NAN to see it fly too quick to catch more.
RHP Price at posting:
$1.19 Sentiment: Hold Disclosure: Held
