1) Divested NetLink Trust at $0.805, because I expected the cessation of the stabilising purchases to have an adverse impact on the share price, similar to HRnetGroup two months ago. However, on hindsight, this was a speculative decision and probably shouldn’t have been a strong reason to exit, given that the fundamentals haven’t changed and NetLink’s dominant position in the fibre broadband market.

Since my divestment, NetLink’s share price has risen by around 4-5%. The strong performance recently can probably be attributed to expectations that the pace of rate hikes will be slowed, which benefits high dividend yielding stocks, as well as recent tensions around the Korean Peninsula encouraging investors to rotate into less ‘cyclical’ stocks.

Thankfully, my loss was a rather insignificant, given that I bought the shares during IPO. This was probably a good learning experience to resist the urge to make speculative trades, and focus on the fundamentals of the company …