SW1 End to end overview, page-206

I agree 6months of decline is not so good. You may say we were overvalued then or we are undervalue now.

At the end of the day either could be right or wrong. The market is an inefficient vehicle and goes from over bought to oversold. At this end of town though i also struggle with what is oversold.
WAM i believe has been consistent seller here especially anything above 40c.

Who is selling now could be same or other. May-June is notorious for downtrends as people close the book sand start again next year. Though 1st July is usually my best day of the year.
I seem to learn this lesson every year.

In hindsight we could of probably taken some off the table at 50c
though i have bought parcels at 49 and 40 on the way down which i should of sold off but have held.
But have significantly more from 20-25c range.


Out of all the Co's i have been investing over the past 5years i would say i am more confident with management here especially while Xavier is at the helm.

You can see with company we are keeping we are well respected within the industry and funds.
Time is the most painful thing we must endure in this world.

Plenty of other stocks around not bringing in anywhere the income we are with significantly higher MC's.
Potential here is growing and if we compound at 20% over 5years it should prove to be a good investment with the possibility of significantly more and even the potential of a takeover.

All the best mate.