Its all about timing,
HGO for long term holders is never likely to be a good story. But for those who got in at the bottom at around 3 cents its already brilliant and is developing into an absolute bonanza.
Long term SBM didn't do quite that well because they had a 6 for 1 consolidation in Nov 2010.
If you don't know it you might be interested in the rule of 72.
If you divide 72 by the number of years it takes a value to double you get the compound rate of return.
At 7.2% it takes 10 years for things to double.
After hearing your sad story I hate to tell you that my SBM doubled 3 times in the 12 months I had them. Thats an IRR of 216 % which interestingly is the compound interest received on a 12 month 8 bagger.
Beware of high interest rates.
Its all about timing, HGO for long term holders is never likely...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $178.0K | 3.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 260909 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 799916 | 1 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
