Yes ! I finally sold off bulk of my Starhub stock and I am heart broken.
Starhub has been one of my favourite stock that I have kept close to my heart for more than 10 years (since 2005 where I first started my investment journey). Total gains from Starhub todate is $ 383,340 (+95%). (Dividends : $272,666; Capital gain : $97,658; Unrealised Profit : $13,016 ).
When the management announced that Starhub was going to cut dividend Q1 2017 this year, I decided to trim a significant % of the stock.
Why did I fall in love with Starhub
- Solid history of paying and increasing dividends.
- Yearly dividend distribution commitment and forecast by management.
- Loved their Hubbing Strategy.
- Telecom sectors are typically deemed defensive sectors during market corrections.
The Art of Selling
Although I have made seemingly good profits from Starhub, I felt that I could have done better …