I held RRL in the past and sold @ $3.78 for Capital gain. I wasnt sure about companies future until last HY result. Gold price has come back a bit as well as Gold stocks share prices.
I use a formulae to see if a company is worthy of investment. Earnings yield = EPS / Share price x 100/1
RRL EPS for 1HY21 was 16.64cps. I bought > 50,000 shares @$2.99 Gives a yield of 5.57%
I am staggered as this is the best result in my whole portfolio.
Commsec reported that aggregated earnings were down 17% in the 1HY Resulting in a crash in earnings yield. Gold stocks have held up well.
I plan to hold onto my RRL long term. I know they give the best return for my investment currently. They also have excellent prospects of Capital growth with the new project at Blaney.
I also note the other gold stocks yield quiet well also!
RRL Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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