broker's view of the world

Holders of RHG are well aware of the sorry IPO investment that this has been. The stock lost a lot of value, and is now in a run-off mode, so returns are mostly from my own capital. Here is a view of a broker though which deserves to be in the Humour column.

I have just received a portfolio summary of return for this year on this dog of a stock from Bell Potter who put me on to this stock in IPO.

Cost $10,000
Market Value $1,620
Est Franked income $760
Average Yield 46.91%

YES, BELIEVE IT OR NOT, I GOT A YIELD OF 46.91%, THANK YOU BELL POTTER, MUCH APPRECIATED!