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15 Jan | Sale – Entertainment One

After amassing some lovely gains in Entertainment One (ETO.L) over the past seven or eight months, we took a little off the top, selling 300 shares at £1.3912 for a return before costs of £417.36.

It’s the second trim we’ve given Entertainment One in the past couple of months, and although I believe there’s a ton more left in it, I’m never too disappointed taking profits. Especially when a share has already returned well over 100%.

In the case of Entertainment One, we bought in back in May 2010 for 61 pence. At close of trade yesterday (14th January 2011) ETO.L was trading at £1.57.

We’re still holding 900 shares from the original 2,267 we purchased.

Here’s why we bought in the first place.

And here’s a very easy-on-the-eye chart covering the period of our holding courtesy of our friends at SharePrice.co.uk

More on where we put the proceeds early next week. Thanks again for dropping by.

Paul
rsvp@investorsoiree.co.uk