Tracking

Saturday 20 November 2010

Interesting week

Funny old week really.I was tempted to buy some Bank of Ireland BKIR shares last week but bottled out and didn't only to see them go from 37c to 48c in the course of a week. Ah well. MY big news was the statement from Greencore Limited GNC, who issued an interim profit statement showing it would increase profits by 21% this year! Then there was a flurry of RNS all week as they are going to merge with Northern Foods NFDS to form a new company. Shares in both companies went up and I am going to buy more GNC shares next week as the divi date is Dec 3rd.I feel that this is a company to build up a holding in in order to get a good dividend. Currently, the dividend is 4c so on an sp of €1.31 that is about 3% return which is better than the bank.
After Vog announced that they were issuing more shares, the sp fell but recovered a little to close at 5.4p for the week. So I am still in profit and looking forthe sp to rise until it hits 10p.

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