COF Closing Price on Day Before Result Announcement = 36.5c
COF Closing Price Today = 43.0c
Capital Appreciation = 43.0c - 36.5c = 6.5c
Capital Appreciation in percentage terms = 6.5c/36.5c = 18%
"Underwhelmed" is...um...not the adjective that would come to the mind of most, I suspect.
Somewhere between "Begrudgingly Appreciative" or "Mildly Relieved" might be more befitting descriptors of an annualised return of some 300%-plus.
But thanks for the history tutorial, nonetheless.
Cam The "Little-Bit-More-Than-Underwhelmed"
PS. I couldn't help presuming that several of the company's executives were also a tad higher up on the sentiment scale than "underwhelmed", judging by their purchase of stock following the result.
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