This morning I sold my shares in STL:Stilo. 20000 shares at 5.1p after paying 4.13p a few months ago. That resulted in a profit of £176.10 when you add the £6 dividend that arrived the other day.
This was the first victim of my new spreadsheet for calculating the worth of shares. Based on the company value alone, the shares should be around 4p. Based on my (probably dubious inaccurate) formula, 1.36p. I tried changing their growth and profit figures to really optimistic amounts, and it still only managed to sneak up to 4.8p.
The one thing that could have kept me in there was the possibility of a buy-out. However my fear was that before that happened the price would drop back to what I paid. I couldn't find a single reason why it would go up.
The sale left me £284.28 in profit from total sales of shares. That's a lot better than the £20-40 I would have got from interest and premium bond prizes over 2 months, so despite my portfolio being in the red, I'm more than happy. It also helps wipe out the misery I was suffering after the £92.99 Ocado loss.
Over the weekend I had been plotting my actions, so I was ready to buy new shares as soon as the sale went through. I purchased 500 shares in JLG:John Laing Group for 191.78p plus £4.79 stamp duty for £975.64. John Laing Group was one of the few shares that turned every single column in my spreadsheet green. I couldn't find anything to explain why their share price was headed down. My very minimum expectations are for 244p and optimistic expectations are 468p, so we'll see. They closed up 0.1p so I'm only £30 down on commission and small spread.
This success has boosted my confidence a bit. Although I wasn't going to cash in any more premium bonds after filling up my ISA, I changed my mind and cashed in the last £3000. Just got to wait a few days, then I can open a non-ISA account with Hargreaves Lansdown and put them in there. I've already earmarked what I want to buy, so more news of that after the deals are done.
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