Pinned straw:
Looks like order has been restored with the XRF price, following the FY25 results 2 days ago!
- XRF made a new all-time high today of $2.28, closing at $2.26
- Following the previous high on 21 Feb 2025, the price retraced to around 60% with the low of $1.44 on 7 Apr 2025 - textbook retracement, really
- It then went sideways around the 50% retracement line at ~$1.54-ish, before forming today's high
The XRF chart is one that tracks its results very nicely ...
As I am, unfortunately, very price anchored from my entry at lower levels, I am now seriously contemplating signing up to the XRF Dividend Reinvestment Plan, which has a 2.5% discount, as the only way I to get over this price anchoring and very slowly increase my exposure ...
Discl: Held IRL and in SM
Thanks again @UncleWally and @thunderhead ... having re-read your comments, I pulled the trigger on participating in the XRF Dividend Reinvestment Plan this evening.
My thinking around DRP's is heavily influenced by Matt Joass and Joe Magyer from MF Pro days - it is better to take the cash and apply that cash to your best idea. At the time of the DRP of a given company, applying cash to THAT company may not be the best use of the dividend income. That logic still makes a hell of a lot sense.
But the reasons why I pulled the DRP on XRF specifically:
- XRF continues to deliver and grow - the thesis is very much alive and kicking
- Topping up makes sound sense as XRF is only a 4.5% holding - a tad too low for a steady performing mid-to-high conviction holding
- Can't get past price anchoring to my average cost of ~$1.07 at current levels, to actually act and top up - the price jump is too high and I continue to struggle with acting - was not prepared to top up when the price fell to around ~$1.50 either
- Activating the DRP is a good compromise - the cash from the dividend IS being put to one of best performing ideas, it is done 2x a year, the top up volume is not big at all (far lower than if I were to do a deliberate top up), BUT it forces the top up to occur without any action paralysis
- There is a small 2.5% discount to the weighted price, and there is no brokerage
Will review this DRP instruction as part of the half-year and full year results and adjust accordingly.
Discl: Held IRL and in SM
I commiserate with you @jcmleng and all those that suffer anchoring. Your comments are so true.
Easily the most expensive emotion I suffer.
Why I didn't buy more PME at $2 , $20, $50 I'll never know. Why I didn’t buy more WTC, XRO and Altuim over the years is still a mystery.
Even now I own promising companies like AHC, SDR & XRF and more, knowing that in 5, 6, or 7, years time they could be multiples higher and yet!
I love David Gardners philosopy, pull your weeds and water your flowers. Sometimes the best companies are the ones you already own. It's great advice and yet!
I guess if it was easy we'd all be Billionaires!
- I commiserate with those that suffer anchoring. Your comments
Easily the most expensive emotion I suffer. Why I didn't buy more PME at $2 , $20, $50 I'll never know. Why I didn’t buy more WTC, XRO and Altuim over the years is still a mystery.
Even now I own promising companies like AHC, SDR &
I am in the same boat.
While the shares have performed admirably since I first reentered around the $1 mark, I am still underweight. I wish I had just held on to my original position accumulated years ago in the 20-25c range, but I was too impatient and sold to lock in relatively modest gains.
Here's hoping for some nice retracements to build a full position again.