UNIVERSITY PRESS…. Maintaining the Trend
Though I only have countable years
of participation as an investor in the NIGERIAN STOCK EXCHANGE, if I am however
told to list few income stocks in the market, UNIVERSITY PRESS will no doubt be
among… It simply a stock that gives a year in year out euphoria, it’s actually
not a giant company but no doubt its one to reckon with among not only its
peers but also its industry at large. I personally feel this company has passed
all tenets any investor will want to consider before staking his hard earned
money in the market, be it Business, Finance, Management or even Market Tenets
Reminiscing when I began investment
in my University days, University Press has always been part of my portfolio, I
remember its 2009 year end cooperate action was smashing, a whooping .40k
dividend coupled with 1-5 to wash it down! It was awesome, especially for me as
a beginner then… 2010 sees the dividend dipped a little bit but it still
gladdens the heart and I was anxiously waiting for 2011 bounty and as
anticipated it landed. 0.35k representing an 8% divyield at this dire moments,
its however painful that I will not be getting the dividend I have never missed
this year, I actually tried to play a smart one on the market by selling all my
holdings some months back in which I bought FCMB with the proceeds, when I
later sold FCMB after about 50% capital appreciation I sought after my
UNIVERSITY PRESS back, I must confess it was an onerous task but thank God for
my stockbroker whom I know is the BEST in the world, she told me point blank on
how scarce it was then but fortunately an inhouse member wanted to sell of his
or her few holding an all she will do is just a transfer from the person to me,
I was excited as I got a few units @N3.3 but as the Oliver twist that I am when
it comes to buying stocks, I was so desperate for more and I had to increase my
price boundary to N3.5 but I got none. I gave up at that point as I will not
want to go beyond N3.5 limit.
When
the result was the announced, I had mixed feelings, but in all I made a tough
decision to sell off the little holding as the dividend income value amount to
nothing to be waiting for, putting into consideration the 10% withholding tax
that will also be deducted from it without forgetting the effect of marking
down the dividend from the stock price later and above all 25% capital
appreciation on the little amount should serve as a solace. Did I say solace?
To my
fellow holders I say ENJOY YOUR LOOT…
HAPPY INVESTING
