to my fkp fellow shareholders (retail), page-2

Wow NewB, there's a thing about patience you need to work into your plans.

Rupert Murdoch waited 20 years for his paper The Australian to turn a profit, there are Japanese who still believe the second world war is a work in progress.

Share investing is as much about what you don't do as what you do. If you believe that you have a value share in FKP (and I believe you do at a 23-26c price whether you assess this value against underlying asset value or on a ROI when taking into account franked dividends) and you are not under any pressure to sell, or there is an absence of better value stocks, then sit back and enjoy the boredom.

As I see it, there are only 5 reasons to sell:

(1) You made a mistake buying in the first place
(2) The fundamentals have deteriorated
(3) The stock has risen well above its intrinsic value
(4) You can find better opportunities elsewhere
(5) It takes up too much room in your portfolio

If you are after a share that will catapault you to the moon in the very near term, I'm not sure that FKP is the rocket to be on.

But its going to happen at some stage. In the meantime, I'm happy with my buy in price and happy with the projected dividend yield and happy to wait a few more years to see the value unlocked.

If you are getting traumatized by constant watching of the market, your suggestion is a good one. Take Warren Buffett's advice...ignore the market and concentrate on finding stocks that are significantly undervalued.

All the best and don't lose heart.