Share sale: GSK

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garindan
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Share sale: GSK

Post by garindan » Wed May 01, 2019 8:34 am

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%
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Boro Boy
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Re: Share sale: GSK

Post by Boro Boy » Wed May 01, 2019 8:40 am

garindan wrote:
Wed May 01, 2019 8:34 am
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
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Re: Share sale: GSK

Post by garindan » Wed May 01, 2019 8:48 am

Boro Boy wrote:
Wed May 01, 2019 8:40 am
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 :thumbup:
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Re: Share sale: GSK

Post by Boro Boy » Wed May 01, 2019 8:53 am

garindan wrote:
Wed May 01, 2019 8:48 am
Boro Boy wrote:
Wed May 01, 2019 8:40 am
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 :thumbup:
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.
Last edited by Boro Boy on Wed May 01, 2019 8:57 am, edited 1 time in total.

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Re: Share sale: GSK

Post by garindan » Wed May 01, 2019 8:56 am

Boro Boy wrote:
Wed May 01, 2019 8:53 am
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.
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Re: Share sale: GSK

Post by Boro Boy » Wed May 01, 2019 8:59 am

garindan wrote:
Wed May 01, 2019 8:56 am
Boro Boy wrote:
Wed May 01, 2019 8:53 am
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...!?!

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Re: Share sale: GSK

Post by garindan » Wed May 01, 2019 9:06 am

Boro Boy wrote:
Wed May 01, 2019 8:59 am
garindan wrote:
Wed May 01, 2019 8:56 am
Boro Boy wrote:
Wed May 01, 2019 8:53 am
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 :thumbup:
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Re: Share sale: GSK

Post by Boro Boy » Wed May 01, 2019 9:16 am

garindan wrote:
Wed May 01, 2019 9:06 am
Boro Boy wrote:
Wed May 01, 2019 8:59 am
garindan wrote:
Wed May 01, 2019 8:56 am


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 :thumbup:
There are lies, damned lies and statistics. Mark Twain. :thumbup:
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Re: Share sale: GSK

Post by William Joseph1 » Wed May 01, 2019 9:46 am

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]
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Re: Share sale: GSK

Post by blythburgh » Wed May 01, 2019 11:20 am

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.
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