在某个论坛时常会看到某些人老是抱怨Matrix即使交出的业绩再好也没用,因为其股价长期雷打不动,纯粹是派息大方的高息股,并不值得散户投资这档股票。然而实情真的是这样吗?记得多年前著名部落客Harry曾分享过买进Matrix的投资回报相当惊人,
从上市至2016年5月的每年复利为35.12%。如今3年多时间已经过去了,且看如果在Matrix一上市时以RM2.20买进1,000股,现在的回报会是多少。
Date
|
FYE
|
Description
|
No of shares
|
Div per Share
|
Dividend
|
8/7/13
|
FY2013
|
Interim dividend
|
1,000
|
0.135
|
135.00
|
10/10/13
|
FY2013
|
Interim dividend
|
1,000
|
0.07
|
70.00
|
13/1/14
|
FY2013
|
Interim dividend
|
1,000
|
0.05
|
50.00
|
13/1/14
|
FY2013
|
Special dividend
|
1,000
|
0.05
|
50.00
|
11/4/14
|
FY2013
|
Interim dividend
|
1,000
|
0.05
|
50.00
|
10/7/14
|
FY2014
|
Interim dividend
|
1,000
|
0.05
|
50.00
|
16/7/14
|
FY2014
|
Bonus issue 1 for 2
|
1,500
|
|
|
16/10/14
|
FY2014
|
Interim dividend
|
1,500
|
0.0375
|
56.25
|
15/1/15
|
FY2014
|
Interim dividend
|
1,500
|
0.0375
|
56.25
|
9/4/15
|
FY2014
|
Interim dividend
|
1,500
|
0.0525
|
78.75
|
9/4/15
|
FY2014
|
Special dividend
|
1,500
|
0.0125
|
18.75
|
9/7/15
|
FY2016
|
Interim dividend
|
1,500
|
0.0425
|
63.75
|
18/7/15
|
FY2016
|
Bonus issue 1 for 6
|
1,750
|
|
|
9/10/15
|
FY2016
|
Interim dividend
|
1,750
|
0.035
|
61.25
|
8/1/16
|
FY2016
|
Interim dividend
|
1,750
|
0.035
|
61.25
|
8/4/16
|
FY2016
|
Interim dividend
|
1,750
|
0.0375
|
65.63
|
1/7/16
|
FY2016
|
Interim dividend
|
1,750
|
0.044
|
77.00
|
6/10/16
|
FY2017
|
Interim dividend
|
1,750
|
0.0325
|
56.88
|
12/1/17
|
FY2017
|
Interim dividend
|
1,750
|
0.0325
|
56.88
|
12/4/17
|
FY2017
|
Interim dividend
|
1,750
|
0.035
|
61.25
|
20/6/17
|
FY2017
|
Interim dividend
|
1,750
|
0.0375
|
65.63
|
21/9/17
|
FY2017
|
Bonus issue 1 for 4
|
2,188
|
|
|
11/10/17
|
FY2018
|
Interim dividend
|
1,750
|
0.0325
|
56.88
|
10/1/18
|
FY2018
|
Interim dividend
|
2,188
|
0.0325
|
71.11
|
23/3/18
|
FY2018
|
Interim dividend
|
2,188
|
0.035
|
76.58
|
11/7/18
|
FY2018
|
Interim dividend
|
2,188
|
0.035
|
76.58
|
10/10/18
|
FY2019
|
Interim dividend
|
2,188
|
0.0325
|
71.11
|
9/1/19
|
FY2019
|
Interim dividend
|
2,188
|
0.0325
|
71.11
|
10/4/19
|
FY2019
|
Interim dividend
|
2,188
|
0.03
|
65.64
|
10/7/19
|
FY2019
|
Interim dividend
|
2,188
|
0.0325
|
71.11
|
9/10/19
|
FY2020
|
Interim dividend
|
2,188
|
0.03
|
65.64
|
|
|
|
|
|
|
|
|
|
|
Total
|
1,810.26
|
上图显示,从2013年直至2019年共收到RM1,810.26的股利,加上现有股份市值 (2,188股 x RM1.92 = RM4,200.96) ,总价值是RM6,011.22,扣掉RM2,200的投资成本后净回报为RM3,811.22或173.24%,年化复利则是
18.24%。
再来看看另一个例子:假设把每年收到的股息都在每一年底进行加码再投资,回酬表现又是如何呢?
Date
|
FYE
|
Description
|
No of shares
|
Div per Share
|
Dividend
|
8/7/13
|
FY2013
|
Interim dividend
|
1,000
|
0.135
|
135.00
|
10/10/13
|
FY2013
|
Interim dividend
|
1,000
|
0.07
|
70.00
|
31/12/13
|
FY2013
|
Reinvest at RM3.41
|
1,060
|
|
|
13/1/14
|
FY2013
|
Interim dividend
|
1,060
|
0.05
|
53.00
|
13/1/14
|
FY2013
|
Special dividend
|
1,060
|
0.05
|
53.00
|
11/4/14
|
FY2013
|
Interim dividend
|
1,060
|
0.05
|
53.00
|
10/7/14
|
FY2014
|
Interim dividend
|
1,060
|
0.05
|
53.00
|
16/7/14
|
FY2014
|
Bonus issue 1 for 2
|
1,590
|
|
|
16/10/14
|
FY2014
|
Interim dividend
|
1,590
|
0.0375
|
59.63
|
31/12/14
|
FY2014
|
Reinvest at RM2.70
|
1,691
|
|
|
15/1/15
|
FY2014
|
Interim dividend
|
1,691
|
0.0375
|
63.41
|
9/4/15
|
FY2014
|
Interim dividend
|
1,691
|
0.0525
|
88.78
|
9/4/15
|
FY2014
|
Special dividend
|
1,691
|
0.0125
|
21.14
|
9/7/15
|
FY2016
|
Interim dividend
|
1,691
|
0.0425
|
71.87
|
18/7/15
|
FY2016
|
Bonus issue 1 for 6
|
1,973
|
|
|
9/10/15
|
FY2016
|
Interim dividend
|
1,973
|
0.035
|
69.06
|
31/12/15
|
FY2016
|
Reinvest at RM2.49
|
2,099
|
|
|
8/1/16
|
FY2016
|
Interim dividend
|
2,099
|
0.035
|
73.47
|
8/4/16
|
FY2016
|
Interim dividend
|
2,099
|
0.0375
|
78.71
|
1/7/16
|
FY2016
|
Interim dividend
|
2,099
|
0.044
|
92.36
|
6/10/16
|
FY2017
|
Interim dividend
|
2,099
|
0.0325
|
68.22
|
31/12/16
|
FY2017
|
Reinvest at RM2.43
|
2,228
|
|
|
12/1/17
|
FY2017
|
Interim dividend
|
2,228
|
0.0325
|
72.41
|
12/4/17
|
FY2017
|
Interim dividend
|
2,228
|
0.035
|
77.98
|
20/6/17
|
FY2017
|
Interim dividend
|
2,228
|
0.0375
|
83.55
|
21/9/17
|
FY2017
|
Bonus issue 1 for 4
|
2,785
|
|
|
11/10/17
|
FY2018
|
Interim dividend
|
2,228
|
0.0325
|
72.41
|
31/12/17
|
FY2018
|
Reinvest at RM2.19
|
2,925
|
|
|
10/1/18
|
FY2018
|
Interim dividend
|
2,925
|
0.0325
|
95.06
|
23/3/18
|
FY2018
|
Interim dividend
|
2,925
|
0.035
|
102.38
|
11/7/18
|
FY2018
|
Interim dividend
|
2,925
|
0.035
|
102.38
|
10/10/18
|
FY2019
|
Interim dividend
|
2,925
|
0.0325
|
95.06
|
31/12/18
|
FY2019
|
Reinvest at RM1.88
|
3,135
|
|
|
9/1/19
|
FY2019
|
Interim dividend
|
3,135
|
0.0325
|
101.89
|
10/4/19
|
FY2019
|
Interim dividend
|
3,135
|
0.03
|
94.05
|
10/7/19
|
FY2019
|
Interim dividend
|
3,135
|
0.0325
|
101.89
|
9/10/19
|
FY2020
|
Interim dividend
|
3,135
|
0.03
|
94.05
|
|
|
|
|
|
|
|
|
|
|
Total
|
2,196.73
|
同样的持股时间,不过收到的股息却增加至RM2,196.73,而现有股份市值则是RM6,019.20 (3,135股 x RM1.92) ,总价值为RM8,215.93,减掉投资成本后净回报是RM6,015.93或273.45%,6年的年化收益率是
24.56%,在在证明了复利的威力。
复利法则其实就是股神巴菲特的赚钱理念,但为什么没有人能够复制他的成功呢?巴菲特的回答是:
因为没有人愿意慢慢地变富。这个答案非常经典,因为它直指人性,不管放在哪个时代都还是有效,就算很多人都明白这个道理也承认这是真实,但最终具有投资自律和有耐性的人毕竟还是极少数。
试问,有哪位投资人持有Matrix的股份从上市直到今天呢?如果是你的话,非常恭喜你,因为你的投资表现与股神同样出色。如果不是?那请厘清自己的投资理念和目标,如何更有效的达到本身追求的投资收益。
至少,上述的Matrix例子事实胜于雄辩,好过某些人只会冷言冷语而已。