BERT.L15 Oct 2012 08:32
Thanks Bert
Yes, I am doing very well out of LOGP and PVR (double and triple baggers for me) but the COV t/o was the real life changer. As you know, I piled in big time and simply watched the bidding war between PTTP and SHELL from the sidelines. Great fun from an investors pespective.
In terms of SHIFT, I am ok, currently averaging at 43P. The EuroChem distraction is simply that, a blip. I am also invested in CIU and saw that drop to 182P. For me this was simply an opportunity to buy more. When a company has soild foundations, one can rely on perpetual and incremental recovery. SHFT will be the same. I however do not expect overnight recovery and the road back to 50P and beyond will be a bumpy one.
I hope all is well with you and your family in SA. Please keep in touch from time to time. It's always nice to here from you. Good luck with your JSE investment.