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AX1

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galumay:
RCG changed name to AX1

RCG have stuttered a bit this year, results were impacted by the writedown of the Hype acquisition, SP is negatively impacted by the concerns around Amazon and retail in general. I should have sold when the SP hit $1.80 odd, now back down to 70c and only a bit lower than my current IV range of 85c to $1.20.

Anything over $1 and I will probably sell.

Its another case of not getting out when the SP price ran well ahead of calculated IV, the highest IV I had was in the range of $1.30-$1-50 so should have got out once they went past that.

HY1 18 results were very good, thankfully I continued to hold! Revenue and profit up 20%, growth in online sales continues to be strong. Results look better because comparison is to PRP which was a poor one, still SP shot up 25% on opening so Mr Market certainly liked the numbers!


Sold,26/3/18 invested capital, $25249, proceeds $46683 profit of $21434 or 85% plus dividends of $9806 so total return on capital invested not adjusted for holding periods and sale timing, $31240 or 124% over 3.5 years so 35% per year,  see commentary, Here

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