RE: Money machine27 Mar 2022 10:09
Diamondman was unlucky buying Anglo in 2008, when the price ranged between £35 and £15. Assuming his entry was £20, 100% capital return in 14 years is not good - 5% compound annual growth, not counting divis (which fluctuated massively). I was fortunate to get most of my Anglos almost exactly 2 years ago at the covid trough at mostly about £12, and they're now £40. And without them I'd never have got into Thungela, so the total return has been very pleasant. TGA could easily double again this year, assuming an interim divi in October-November of a similar "shooting the lights out" level to May's.