Wednesday, September 04, 2013

Swire Pacific purchased

I have added some shares in Swire Pacific (HK:19) to the portfolio. I do not expect this to be a high preperforming investment - instead I am looking at this company as being a reliable dividend payer and an alternative to some of the excess cash I am sitting on.

I did look at the B shares (HK:87) which trade at a slight discount to the A shares, but the difference in price would very likely have been lost in the lower liquidity and wider spread (unless I hold for a long period of time).

I paid HK$91.75 per share.

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