Club Mulgoa

Wednesday, January 12, 2011

GIR

For a "long" period I stopped buying GIR. I bought most of the shares in 2006 and 2008, all under a dollar. The cheapest was during GFC at 41c :-)

During the Greek crisis in May and June 2010 , GIR fell so I topped up twice, at $1.79 adnd $1.89. There was a long hiatus before I bought GIR again. Yet I never stopped harping on how good it is.

Lesson: Good companies can be bought any time!

The good news recently after the takeover bid by AGO is... AGO is going up! So the value of GIR is up, too. I was planning to take all shares of AGO, then pondered about the 50c + share option. Either way, I have done very well out of GIR.

Keep some money handy. Expect AGO to float off some GIR offshoots.

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