KMD was shorted but stopped out...... I will have another go at this at some stage....
I also added to my previous small long in IAG due to the price reaction to SUN results today..... the two insurers tend to mirror each other in their price movement.
I sold about a quarter of my very large holding in FETon a price spike (I think) of 5% and will hopefully buy back in when the price recedes to normal levels.....
this has got to be one of the safest, strong income and growth investments that I have come across for a long time.... its results were out recently, showing a net income on its rentals of 9% and a capital gain on its properties of 13% - a total return on equity of 24%.....given that its current price/ book ratio is 1.24, it means that the o/a earnings of the trust on the share price is approx. 19.4%...... the continued rise in its share price over quite a few years reflects its value...... of course with any real estate trust its earnings are inversely related to interest rates.....
also its occupancy rate is 100%, I don't know of any other REIT with 100 % occupancy.....
i have to say the investment adventures of our gun toting trader from the wild west has certainly added a bit of colour to the scene here......
