You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW FINANCE GHOST: Welcome to Supernatural Stocks with your host, The Finance Ghost – your weekly fix of local and international news for investors and traders alike. These are the stories that really caught my eye in the past week.
That share price has returned a compound annual growth rate per year over 10 years of 6% – and of course that’s in dollars. On top of that, there’s a dividend yield of around 1.8%. So your total return would essentially be those added together, depending on how you look at reinvestment of dividends. Not great returns, but not bad.
So those who like to punt at important support levels, that might be one to look at. This leads me into why I’m raising this sector at all, because at the end of the day, things are tough there right now, and that’s what has dropped Starbucks’s share price – but also put the others under pressure as well.
It then struggled to break above around R29/ share for quite a while, before moving higher again in December 2023 on more good numbers. Since then it’s been washing away a little bit. A couple of times it has dipped back down to around R29/share and then jumped up again. So something to keep an eye on.
I now spend much less on my cellphone contract per month than I used to spend a decade ago – and that is without adjusting for inflation.
Source: News Formal (newsformal.com)
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