Ann: Media Release December 31 2016 Results, page-21

The only person I know who is happy to be losing truckloads of $$$.

Except that I don't understand.
What are the $$$ that I am supposed to have lost?

Because, similar to SDI, I own interests in a whole lot of different businesses, whose shares some totally random strangers in the market are today evidently happy to exchange at prices that are both higher and lower than the prices at which a different set of strangers (or maybe, those same strangers) were happy to exchange those same shares just 24 hours earlier.

But how that should somehow translate into a change in the way I perceive my financial position, completely escapes me. Because, just as I don't feel like I have "lost" money on SDI on this particular, I don't feel like I have "won" money on, say, LYL.

On the other hand, what most definitively does change my financial position in most tacltile and permanent way is when the businesses I own alter the amount of the financial proceeds of the business that lands in my bank account each year.

For example, from the time that I first bought SDI some 4.5 years ago, this is how much financial position had changed (permanently):

DPS
FY2012: 0.3c (% change on pcp = +50%)
FY2013: 0.6c (+100%)
FY2014: 0.7c (+17%)
FY2015: 1.4c (+17%)
FY2016: 2.0c (+43%)
FY2017: 2.5c (+25%) (My humble expectation)


Put another way, I'm too lazy to work, so dividends are my de facto salary.

In this case my "salary"has risen by over 8 times in less than 5 years.
That equates to a pay rise of 53% pa.

I'm sure that sort of rate of increase in remuneration is commonplace in the stockbroking profession, but no employer that I worked for was ever that nice to me (presumably I never warranted it).

Over that time the share price has done all sorts of zany, whacky things, few of them that I can really explain: it went from 20c down to 10c and then up to 50c and to 65c, then back to 40c, then to 70c, again, then back to 50c, then up yet again back to 75c and then to 100c and now back to 50c. I suspect it could now go to 40c or even 35c in coming days/weeks/months. Or may be it will go to 70c again. Who knows?

There is only one circumstance under which I know for sure what the share price will do: and that is if the company keeps growing Revenues, Profits and Dividends for the next 3, 5, 7, 10 years.

In that case the share price will be higher, not lower.