I had a quick look through the forums and couldn't find much information on this topic, so I thought I'd start one in the hope that someone can offer me some insight.
I've been investing in shares for the last 6months and am currently up about 7% on my 30k (that's including gross dividends - I should really use net...). But the issue I'm facing is figuring out how to sell.
One stock in particular comes to mind - Breville Group (BRG). I did my research and bought them about a month ago @ $3.10, just before their half-yearly. They announced a huge profit increase and have been going bananas ever since, hitting $4.26 today... Needless to say that with dividends, I'm up about 30% on this one in a month.
My issue now is, I've only valued them at approximately $4.00 (prior to their profit increase of 45%), but can see a great growth story in the company.
While I believe they're overvalued at the current price, I've held the stock because:
- They have a potential for great growth (I'd estimate about 15% per year)
- They pay a good dividend (about 4% at current price)
- They have great management (2 members are also on the ORL board - another great company)
The question I have for anyone who is willing to help is - is there a factor that I haven't included in my consideration to hold the company?
Any advice on the topic is greatly appreciated.