As you will note below, building a position here paid off, bought for the yield not for the price, if not, had the price risen, you could sell, book the profit and move on.

To understand the journey, you need to know the price history, the NAV, the dividend history and the latest price, easiest to follow in a chart.

The easiest ten percent to earn is the first ten percent and it’s also the easiest to lose.

The average buying price was 63p, the dividend 4.55p = 7.2%

The current expected dividends 6.2p current price, current price 65p = 9.6%

Discount to NAV 31%, so a strong hold, with the intention of taking any profits if they arrive.

Current profit £1,063, which you will see mainly from dividends earned and already has been re-invested, earning more dividends. If bad news hits the share the price could fall and take away all the profit and the dividends. Remember if you trade you will buy a clunker, how you deal with clunkers will determine how sucessful your are.