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I tend to hold mine for a year and then sell. It works well for me, on average I make a 12% annual return. Purely based on momentum, I don't take any account of fundamentals / world events, it all evens out over time.
If the price of oil falls HBR share price will fall
If the price of oil rises HBR profits will rise but the next labour government will tax it all and the share price will fall
Can't see where this is undervalued now.
Never selling shares is not a good idea.
All share price gains have been made by just 1% of companies, you will be lucky if you hold one of them shares.
Even with dividends anybody who bought this share 5 years aho would be well down.
I find that holding for 12 months is the optimum period.
Sold out after holding for a year.
Made a 23% profit, very happy with that.
It is up 85% in 2 months !
I am back in based on this positive momentum and the decent divi.
Hope it's better than last time when I lost 40%
I am back in based on recent good momentum. It has been one of my most profitable shares in the past (I have been in and out a few times over the last 10 years). I will hold for a year.
Had my fingers burnt last time with a 58% loss but then again who could have forecasted Covid.
Good to see that the idiot who was here last time has gone but he does appear to have been replaced by another one !
Hi Spights,
I originally started off with a list of 200 shares that I monitored price movements in great detail, going back to 2000. Due to takeovers (such as William Hill) and company failures (such as Thomas Cook) this list has reduced to 157. Fortunately I have benefited from some takeovers and avoided the failures.
I am currently looking at a system that incorporates all 600+ FTSE companies and uses lots of financial metrics etc.
ZAC, I think I read somewhere that 1% of companies have accounted for all share value gains, so unless you are lucky enough to hold one of those 1% companies then holding for the long term is not a wise move.
Investment funds are probably a good idea but I don't like paying others to make my investments for me. I like picking my own shares, it must be the inherent gambler in me.
Having said that I have opened a JISA for my granddaughter and that is all invested in a global ETF.