Share sale: GSK

[garindan]

All,

Yesterday I sold our shareholding in GSK. It might have been a bad gamble as their results are out today. I guess it will mean the shave price will go up, down or stay very much the same! Either way that is now irrelevant as we have cash. Details of the sale below:

Purchase
GlaxoSmithKline 38 @1553.00 £590.23

Sale
GlaxoSmithKline 38 @1578.89 £599.98
Commission -£5.25
Proceeds £594.73
Dividends received £69.54
+/- = +£75.04 / +12.71%

[Boro Boy]

All,

Yesterday I sold our shareholding in GSK. It might have been a bad gamble as their results are out today. I guess it will mean the shave price will go up, down or stay very much the same! Either way that is now irrelevant as we have cash. Details of the sale below:

Purchase
GlaxoSmithKline 38 @1553.00 £590.23

Sale
GlaxoSmithKline 38 @1578.89 £599.98
Commission -£5.25
Proceeds £594.73
Dividends received £69.54
+/- = +£75.04 / +12.71%

The gain figure doesn't mean a lot with out a time span...!?!

[garindan]

The gain figure doesn't mean a lot with out a time span...!?!

Surely it means the same no matter the timespan? All details of past and present share investments are in the relevant reports

[Boro Boy]

The gain figure doesn't mean a lot with out a time span...!?!

Surely it means the same no matter the timespan? All details of past and present share investments are in the relevant reports

No. Example: 1.0% over 1 year is more favourable than 1.0% growth over 2 years... So pa. Growth is a more accurate measure to compare but of course actual growth is still important but still wish to quote time span.

[garindan]

Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...

Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.

[Boro Boy]

Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...

Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.

Understood but 5% over a week may be good and 5% over a year not as good...!?!

[garindan]

Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...

Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.

Understood but 5% over a week may be good and 5% over a year not as good...!?!

I do understand what you are saying, trust me. However, I was just pointing out that your original statement that the gain figure didn't mean a lot wasn't strictly true

[Boro Boy]

Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.

Understood but 5% over a week may be good and 5% over a year not as good...!?!

I do understand what you are saying, trust me. However, I was just pointing out that your original statement that the gain figure didn't mean a lot wasn't strictly true

There are lies, damned lies and statistics. Mark Twain.

[Richard Frost]

https://en.wikipedia.org/wiki/Lies,_dam ... statistics

The phrase was popularized in the United States by Mark Twain (among others), who attributed it to the British prime minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics." However, the phrase is not found in any of Disraeli's works and the earliest known appearances were years after his death. Several other people have been listed as originators of the quote, and it is often erroneously attributed to Twain himself.[1]

[blythburgh]

the correct saying should be: lies, damned lies and the MISUSE of statistics

e.g. it can be useful to know that X went up by 100% in the last year but meaningless if you do not know how much X was a year ago.

Statistics are great but all too often politicians, the media and groups misuse them for their own purposes.