This week I closed my position in Wizz Air Holdings and sold the 30 shares I own.
I purchased my shares Wizz Air Holdings in January 2017 at a price of 1.824 pence and I sold them this week at a price of 3.209 pence.
This is a return of 75,9% in 2 years and 4 months.
I sold the shares Wizz Air Holdings to reduce my exposure to the very cyclical Airlines sector. Wizz Air as ultra low cost carrier is operating a beautiful business model with really low prices, but based on the above average growth last years I decided to sell this stock.
Wizz Air Holdings is not paying any dividend so my yearly estimated dividend income is not influenced by this transaction. I will keep Wizz Air on my watchlist with a trigger to posibly pick up the shares again if the shares are below 2.500 pence.