Investment History
I first initiated a position in Metro Holdings back in 2012, at a price of $0.64 then. The reasons for investing were mostly based on valuations, and the fact that Metro Holdings seem to be misunderstood. (more on this later)
Metro has been great at giving out dividends as well, and even excluding this year’s bumped 7 cent dividend which I did not collect, I still collected a total of 22 cents in dividends since 2012.
Aside from the initial position at $0.64, I added to my position at $0.69, $0.72 and most recently, at $0.88. My average price for 350,000 shares was $0.75.
Since then, I’ve divested 150,000 shares at $1.06 in May 2016 (Portfolio Changes – May 2016), and the remaining 200,000 this week at $1.025-1.03.
This results in a net quantum gain of 38.......