I have decided to liquidate 15,000 shares bought at Ksh 20.5. My rationale is that the market has been flat for the last three months as shown by the NSE 20 share index. It might have topped and I feel that the share has very little room going forward.
Buying Price:- Ksh 20.5
Selling Price:- Ksh 32.25
% return on investment = 56%
Since I started this thread, the NSE 20 share index has risen by just 110 points from around 3600 to 3710. This represents a 3% gain maybe slightly more than 3% when adjusted for dividends. My investment in Total has outperformed the index by a factor of 18. I will stay out of the market going forward as I wait for bargains when prices tumble.
15,000*32.25= Ksh 483,750
483,750*0.019 = Ksh 9,192 (Broker's commission)
483,750 - 9,192 = Ksh 474,558
474,558-313,189 = Ksh 161,369
Profit from investment activity = Ksh 161,369 (10 months Ksh 313, 189 investment)
#Happy Hunting#
A successful man is not he who gets the best, it is he who makes the best from what he gets.