I couldn't help myself. £1900 premium bonds cashed in and transferred to my trading account. This would allow me to buy the new shares I had spotted and really liked. This was using a new technique - find shares with relentless growth on their charts and jump on for the ride. 3rd September 2015 was the purchase day.
PUR:Pure Wafer 300 at 169.95p costing £522.35. Pure Wafer clean industrial silicon test wafers. It's an incredibly niche market and they seem to have it to themselves. They were making a good profit for the share price and the chart was practically vertical, so I decided they would do well. in fact, I think they will continue to soar and my review price is so far off the chart I wonder if my sums are wrong. I very much doubt it will get to 2000p a share, but that's what my calculations ended up with. **Since writing this I discovered that my growth rate was wrong, as it included profits from the sale of an asset. My new review point is a more realistic 250p
MSLH:Marshalls 200 at 351.337p and £3.51 stamp duty costing £718.68. I'm a gardener, so the thought of a garden related company with a beautifully ascending chart was too much to pass by. They pay dividends every 6 months and profits are rising, so this seems sound. I don't think it's one that will go bonkers, but appears steady so I'll do an initial review at 400p and hope I get a dividend by then.
LOOK:Lookers 359 at 179.392p and £3.22 stamp duty costing £659.74. Lookers sell cars on the web. They seem to be very popular and their profits have been growing steadily every year. The chart was a pretty even upwards slope, so I had to get some. The one dip seems to have occurred just as I bought them, and the value has dropped to 171p so I'm £60 down. However, I'm sure this is just the dodgy market at the moment and my target review price is 266p so I'm confident there is more room to grow.
On 9th September 2015 I bought 244 shares at 158.51p of REDD:Redde costing £399.26. Redde are a services company specialising in accident management support. Their chart is absolutely soaring, but I have now sold them, as I developed a new system for evaluating the value of shares and based on their profit and growth, I decided they were trading at 30p a share above what they were worth. I made £20.16 profit after commission, which was about 5% in a month, so better than my old savings account rate. I suspect they will continue to soar so I will keep an eye on them to see how wrong I was to sell.
I mentioned in a previous post that I'd bought more AFPO:African Potash shares just as they hit their peak and started to plummet. That was also on 9th September and marked my last purchase on the Stocktrade web site. I realised that my profits were going to be limited (should I ever make any) by capital gains tax, so I really needed a stocks and shares ISA. That's what the next post will be about.
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