Hi all, I bought in at 0.71 on the prediction of a nice little DIV, sounds like about %15 annual return at these prices, and the SP has performed very well since, up to 0.855 today, so thats a good 20% capital gain.
At first glance I never thought there would be much profit in a company that specialised in reverse charged phone calls, especially in this day of cheap mobile phones. But from what I've found so far, REF is doing well.
There are several other companies around that have great DIVs, and I plan to hold onto REF and the others as they will soon pay for themselves I think. Thanks to whoever in this thread brought REF to my attention on the day trade forum.
For those interested, others I hold with similar good growth prospects and great DIVs (10% or more) include ALS, HST, MCW, NWH, RRA and TSI. Might be worth checking them out.
Cheers
REF Price at posting:
85.5¢ Sentiment: ST Buy Disclosure: Held
