RE: 2020 Breakeven16 Jan 2018 07:59
ijr1, if I understand it correctly then a 50p share price for DOM in 1999 is equivalent to about 5.21p if we account for share splits in 2007 and 2016. Therefore, at about 350p today your capital has gone up 67-fold. And that excludes dividends, which are in excess of your 1999 book cost per share every single year!
I will be quite happy if DPP gets anywhere close. I first invested in 2010, topping up in 2011, 2012, 2013, 2014, piling in early in 2015 and averaging down dramatically, then topping up in early 2016 and early 2017. The long term prospects look sound IMHO, but in a few years we'll need to start thinking about the master franchise expiring - I think it does in 2026 so would need renewing.