Selling My First Stock

JTINTER (2615) was removed from my portfolio. It became my first ever stock to be sold completely from my portfolio. Actually, it was among the first stocks that I bought since I started to invest in Bursa about a year ago. I bought 200 shares of it on 28 June 2013 at a price of RM 6.75 per share. That cost me RM 1364.41 including transaction fee.

JTINTER Buying Record

JTINTER Buying Record

The stock was sold not because I wanted to, but due to the compulsory acquisition by JT International Holding B.V. to acquire all the remaining ordinary shares of JTI. During the whole take-over process since April, I received a few letters to asking me to accept the offer. I did absolutely nothing: I didn’t entertain any of the letters.

The end result was: I received a notice yesterday about the compulsory acquisition and a cheque to refund all the shares that I owned at a price of RM 8.20 per share.

JTINTER Compulsory Acquisition Letter

JTINTER Compulsory Acquisition Letter

JTINTER Cheque

JTINTER Cheque

Total return from the above investment: \frac{1640-1364.41}{1364.41} \times 100\% = 20.2\%. Holding period (the day I bought the shares till I get the cash back): 1 year and 53 days.

Total dividend received: RM 44 (RM 22 paid on 25 October 2013 and RM 22 paid on 20 December 2013).

This serves as a record for me selling my first stock since I started to invest in Bursa. It seems like it is impossible to hold on to a stock forever. Things might happen along the way that interrupt with my intention which is to never sell a single stock forever.