Poly I'm not selling anything today. I want to take some time and give serious thought as what I do re: SSM holding.
I could cash in and look for the next big thing. That could work, but knowing me the next one I jump into will probably be the wrong horse and I'll blow my dow.
Seriously weighing up the pros and cons. If I hold in a couple of months time I'll get a nice cheque for $17500 with franking credits, so thats like making a profit in business of $22,000 +. If the 4c divy is paid later in the year that's another $20,000 plus franking credits.
Above the marvellous dividend return the shares will more than likely appreciate. If I assume this time next year SSM sp is 50c, let me do the maths.
Well if I put 130K in the bank today, this time next year I will have maybe 136K in my account. Leave my money in SSM shares and this time next year my 130K investment appreciates to around $300K.
So, this is not the tiger posting to ramp up SSM sp. Really thinking that selling SSM may cost me a packet. But on the other hand sometimes greed does cloud your better judgement.
What do you say Poly? Sell or Hold?
SSM Price at posting:
28.3¢ Sentiment: Buy Disclosure: Held
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