Profit taking

In reviewing my current book, there are a couple of stocks I have either sold down, or plan to sell down in the near future:

 

AMM: I have now fully exited my position in AMM.  There is likely to still be good growth but with the recent price appreciation I’m happy to book a healthy profit and look for new opportunities.

 

SNL: I’ve got a parcel that comes to 1 year holding in February, so I’ve sold half and will sell the other half when I get my 50% CGT discount.  Another fine company but with recent price appreciation it’s not the same bargain it was at 42c.

 

COH: This was an opportunistic buy for me, due to a temporary scare driving the price from the $70 range to the high $40s.  I’ve just ticked over 1 year of ownership so have put in a sell order at $68.  No hurry, but I’ll be happy with that price, and the profit.

 

I’m going to continue holding BGL for now – the recent rise in share price looks like the beginning of a broader appreciation of BGL, and they are generating cash like the billy-o.  I’ve got my eye on a few other blue chips, and will be undertaking a new sweep of “cigar butts” to find more SNL-type opportunities.

6 thoughts on “Profit taking

  1. Hi Leon

    Missed your posts.
    I own AMM and think it has increased its debt too much.

    I will be selling on any price fall as there maybe upside still. Its all technically based trading from here.

    Keep your posts coming.
    Chris

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  2. Hi Chris,

    I don’t think the debt is too bad, but at close to 18x earnings, and with a 50% growth in share price in the past year, I’m ready to cash out.

    Amcom are still a great business, and I like their strategy of bolt-on acquisitions to broaden their service offerings.

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  3. Hi Leon

    Have a look at VTG.
    I own this stock.
    Maybe a little late for you now, but like your opinion.

    Regards
    Chris

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    1. Hi Chris

      I have looked at VTG in the past, I was a bit concerned on their channel sales model for Telstra and Apple – they would be at the mercy of both of those vendors.

      You’re right at 25x earnings it’s not the sort of stock I usually go for!

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