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June 23, 2017

I Picked Bradken, Did Anyone Else?

Just to recap, back in 2016 I mentioned Bradken three times.

I first mentioned them at 84 cents here...http://kenhorlor.blogspot.com/2016/04/risky-asx-stcoks-worth-checking-out.html

Then I followed up in June http://kenhorlor.blogspot.com/2016/06/advantages-of-investing-in-stocks.html and November http://kenhorlor.blogspot.com/2016/11/update-advantages-of-investing-in-stocks.html

Note that in October 2016 Bradken came under takeover interest by Hitachi Construction Machinery and the full sale was completed in early 2017. Any investor acting upon my initial pick at 84 cents, would have nearly quadrupled their money. The sale price was $3.25 (Australian Dollars).

My hypothetical $135,000 invested in Bradken would be $513,000 less than a year later. Sometimes I even surprise myself with this stuff.

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