Hi lost all rough back of the envelope calculations. Dividends...

Hi lost all rough back of the envelope calculations. Dividends are FY not CY, so technically wrong given that 1h dividend was paid a few months ago.

Basically for me I use a scatter gun approach to buy shares that I think are trading under fair value.

I use 5 position rule (which gives me a 5% portfolio allocation), and a rule that no individual position can be greater than 10% of the portfolio. I do often buy half positions as well, especially during volatile share price movements.

At the moment I have 2 positions filled (ie 40% of my targeted 5% allocation).

So plenty of room to slowly dollar average downwards from here.

The underlying MFG business is a quality business, and I believe in the investment philosophy that MFG follows. So I am prepared to go to 5% of the portfolio if the price is right.