Over the years I've held many different securities in the DIY Income Investor portfolio. Most holding come and go, falling out - that is the nature of the portfolio: buy low (with a high yield) and sell high (with a low yield).
But some (a very few, it has to be said) shares seem to be perennially yo-yoing up and down - as well as having an attractive yield.
I've held my favourite dividend share for many years - buying and selling it repeatedly: it has netted me thousands of Pounds of profits, for which I am very grateful. (If you use the Search function on the right hand side of the blog you can see some of the related posts.)
It is an unusual company: Anglo Pacific Group (LSE:APF) doesn't make or sell anything, but instead buys the rights to royalty payments from mining company sales. As such, it is essentially a play on mining activity around the world, in particular coal mining. The Market's view on this sector swings quite violently, resulting in big changes in the share price.
I sold a bunch of APF in 2016 netting a five-figure Sterling profit - but I still had a 'legacy' holding from 2014 (which I had obviously bought at the wrong time in the cycle - i.e. too expensively). But, watching the share price recently I noticed a big dip in the price which did not look right to me.
Fortuitously I had just cleared out a poorly-performing holding (Huntsworth) so I had a fairly big chunk of cash sitting on the sidelines. Taking a deep breath I put it all into the apparently under-priced Anglo Pacific.
Two days later I am looking at several thousand pounds in (paper) profit from that purchase (without including the gain on the existing holdings) - with the expectation of more to come. The portfolio has hit an all-time high valuation again.
[Purchase price: £1.059]
I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.