Without knowing your age (ie. when you are likely to actually need the money) I would say that at that average price you are in a very comfortable position! I also don't know if you have taken the divi as cash or reinvested. If the latter then even better. £4 seems a long way off at present but more than but doubling your money at say £3.50 is not completely unrealistic in the next 5 years?
Hope £4 is a good profit and not your break even! I have held since I got some free shares when Centrica bought the AA and have added on the dips since. I agree that they have not done much except drop since the politicos started meddling in utility bills/pricing and the oil price plunged. However the divi reinvestment has swelled my holding nicely over the years and if Woodward thinks its a solid investment (even with the recent divi cut), then that is good enough for me at present.
As a blue chip company this is a real dog. I have held this share for many years and just watched it tread water, I am looking for £4 a share to get out , but I fear I will not see this in my life time.
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