Today I decide to dispose off HAIO at a market price of RM4.44 for 3,500 units of shares. The reason I disposed off HAIO is because I would like to increase cash holding ratio for my portfolio.
The holding period of HAIO was roughly 16 months. After disposing HAIO, the holding period return of HAIO is around 66% as calculated below:-
= [( 3,500 units * RM4.44) / RM10,164] – 1 = 0.66 (66%)
Whereby the equivalent annualised rate of return is calculated as below:-
= [( 3,500 units * RM4.44) / RM10,164]^(16/12) – 1 = 0.47 (47%)
Nevertheless, I decide to retain 36 units of HAIO shares, because these quantity of shares is odd lot and they are difficult to sell. Furthermore I would like to keep these shares just for the purpose to receive HAIO’s annual report and a right to attend its AGM.
(Note: The uploaded picture seems not that clear. Click at the picture in order to enlarge the picture.)
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