Since reading the Naked Trader book, it was nagging at the back of my mind that if I were to make too much profit on my shares, I would be liable to pay tax. It has to be said, the way things were going so far, there wasn't much chance of me making more than £11,000 profit - if any at all.
Anyway, I had already decided that the premium bonds had to be invested, so why not open up a stocks and shares ISA and transfer some of them into there. I cashed in a load of bonds and then had to wait what seemed like forever for the cash to appear in my account. Meanwhile I looked at several options for an account, and my favourite was Hargreaves Lansdown. The money appeared and I opened up my ISA with £12,860.
I had spent the last few weeks going through the A-Z of stocks starting with L (I figured if everyone started at A and got bored or ran out of money, then L-Z might have a better chance. I had immediately discounted any with debt, and when I found one in profit did a quick check on their profit to debt and profit to market cap ratios for ones that looked reasonable. When I found one, I went and checked out their accounts and web site to see if I liked them.
Needless to say, there were a few other investments that didn't match these criteria - once again speculation had crept in where it shouldn't. These are the shares I purchased with my premium bonds between 16th and 22nd September 2015
TFW:Thorpe (FW) 500 shares at 194.76p costing £973.80. Thorpe make LED lighting and their chart had been a steady rise. They paid a reasonable dividend and profits had been growing gradually. This seemed like one of those sensible shares that would plod along nicely for a few years. Happily this has proved true so far, with an increase to 214p and £70 up.
JLP:Jubilee Platinum 15000 shares at 3.71p costing £568.45. I was impressed with Jubilee Platinum, because despite platinum prices going down, they had a production method that means they can produce at well below even these low prices and so should remain profitable when other producers are not. I also liked the fact that they went from extraction right through the process to smelting and refining, although they have since sold some of these interests. The share did really well for a while, increasing to over 4p a share, but now it's back down at 3.5p so I have £60 to make up.
WRES:W Resources 60000 shares at 0.698p at a cost of £430.75. W Resources mines and produces tungsten. There seemed to be lots of promise in their operations, so although a bit risky I decided that for under £500 and getting a whopping 60000 shares, it was worth a risk. Unfortunately after being up for a while, they have dropped to .6p and I'm £94 down - but I am confident this one will turn around.
STL:Stilo International 20000 shares at 4.13p costing £837.95. Stilo is a software company with some massive customers like IBM and Cisco. They are in a niche market and seem to be on the way to dominating it, so I have high hopes for these shares. Currently they are trading at 5p, which leaves me up by £150
RDT:Rosslyn Data Technologies. 2000 shares at 17.5199p costing £362.35. Rosslyn provide cloud analytic services - a rapidly growing market. Their share price has sunk since they floated, but they seem to be close to turning in a profit, and were so cheap I felt a small purchase was justified. With hindsight, I shouldn't be spending £360 on one share if I want to stand much chance of getting the commission back! Unfortunately these are already down to 15p so I'm £75 down, but I think long-term they will become profitable.
SSY:Scisys 1000 shares at 70p costing £711.95. Scisys are another company with a very niche market, providing IT services and equipment for various areas, but including space exploration. They had a drastic drop in share value from a gradual increase to 90p, and I see no reason why they shouldn't go back to 90p and continue to grow. I've got 200p as my review target.
TW. Taylor Wimpey 600 shares at 200.24p plus £6.01 stamp duty costing £1219.40. I already had shares with Barratts and was convinced the housing market had more room to grow. These shares have stuttered a little, as have Barratts, and are currently priced at 195.2p, so I have a £60 loss and a while to wait for my target price of 250p.
GBG:GB Group 200 shares at 246.55p costing £505.05. GB Group deal in cyber security, so there is huge demand for their services and their chart is a dream. Since buying they have continued to rise despite other shares falling, and are currently trading at 270p so my commission is payed and there's £23 profit. Still a long way to go before I get bored of this one. I'll do a review at 350p.
That was my big splurge, but there was still some capital to save for when I got back from holiday. There was just one last task for September, which was to sell my PTY Parity Group shares. I purchased them at 7.5p and sold at 8.31p, so after spread and commission I made a massive £7.40 profit. I didn't care that it was tiny. I'd finally made some money from the stock market, and chipped away a little at the £92.99 loss I made on OCDO:Ocado.
Time to go on holiday and read my new book...
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