However, it was pay day and I did have some spare cash to invest, so added £420 to my account and purchased 5000 shares of CRL:Creightons at 7.9499p plus £1.99 stamp duty costing £411.44. This was going against my "don't buy less than £1,000 at a time" rule, but I'd got up to them in my A-Z of analysis yesterday, and they looked so impressive I had to get them. Unfortunately if I'd been a day earlier I would have been holding them when they went up 10% so I didn't get them as cheap as I would have liked. They basically make toiletries, but their financials look good, except for a bit more debt than I would like. My review target is 13p but I'm hoping by then they would have released more trading data as I'd like to hold for longer. Given that their entire enterprise value is less than £5 million they're also ripe for potential takeover.
As with last week, the addition of a little more capital will make interpreting the figures more difficult, but here goes.
| Weekly Change | |||
| Portfolio cost | £29,613.42 | +£411.43 | |
| Portfolio value (share price) | £27,490.52 | (-£2,040.78) | -£328.59 |
| Portfolio sell value (bid price - commission) | £26,565.47 | (-£3,047.95) | -£369.66 |
| Dividends | £98.49 | +£0 | |
| Profit from sales | £359.25 | +£0 | |
| Overall profit | -£2,688.71 | -£781.10 | |
| (Portfolio sale-cost+dividends+profit from sales) |
So, despite adding £400 to the pot, the share value dropped by £300, a loss of £700 value over the week. As expected, the sell value did even worse, but not as badly as it might have done. My overall performance has therefore plummeted by £781.10 this week to an almost 10% loss.
However, I remain undaunted. I only make the loss if I sell the shares. My portfolio has 13 shares triggering a 15% stop loss alert and 8 of those have progressed to 20% stop loss alerts. However, some shares have such a large spread they triggered the stop loss alert the day I bought them. AFG:Aquatic Food had a 30% spread! I'm satisfied in the health of the companies I've invested in, so have no intention of jumping ship just because of a setback. I'm still £359.25 better off in cash from the shares I sold. Let's hope next week brings better fortune.
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