I sold off my stakes in Super Group last week due to the following two reasons:
- Stock has become too overvalued according to my calculations
- Wanted to liquidate and keep some cash amid all the economic uncertainties
The main reason why I liquidated was to have some cash in hand to buy up companies when Mr. Market throws a huge tantrum. Super Group has been hovering in the ‘overvalued’ region for some time but I didn’t sell until recently. I would have not liquidated, if not for the opportunities that may be presented in the short-term due to any market corrections.
2 thoughts on “Liquidated Super Group”
Care to share how you arrived at your conclusion for over-valuation for Super Group? What was your return in investment for Super Group if you don’t mind sharing?
I did a DCF analysis on it prior to purchase. I bought it at 88 cents in July last year and sold at $1.43 – ROI is 55.9% after commission.