Zagro has been delisted. Yet again, I've lost another decent dividend paying stock in my portfolio.
I had acquired 16,000 shares in Feb 2012. This was followed by a rights issue in Aug 2012 where I accumulated another 5,000 shares. Each year thereafter, it has issued dividends annually.
I guess I'm lucky that there was still profit to be made from the exit offer. In all,
the annualised internal rate of return was 11.5%. So overall, a tidy profit.
Time to move on. Nice to have a small bundle of spare cash in this rich market of opportunities. Am I a perennial bull or what?
Pick, pick, pick.