The tension is almost too much to bear. A 3.9% rise in GLEN:Glencore today has taken my holding to within £19.24 of being in profit. I've got such a massively differing pair of purchases in 2 accounts. One is 24% down after paying 174p for 900 shares, while the other is 45% up after buying 1,000 for 91.8p. That leaves one losing £407.53 and one in profit by £388.28.
Results for the year are out tomorrow - will the price rises over the last few days have already factored in the expected results, or will there be a jump tomorrow - or a crash tomorrow? Should I sell my in-profit shares and bank the £388 or hang on until I at least break even, as the profit shares are climbing faster than the losses are coming off the loss-making shares? Should I hold them long term? Can the price be sustained? Have we gone past the bottom of the commodity rout?
I should just hide the keyboard for the day and wait to see what happens. It takes the Glencore roller coaster on a new section of track after six months of rampant misery. I'm seriously torn between getting out while the going is good and I've not lost any money, or continuing with the thrill of the ride.
Meanwhile the mystery rise in RCI:Rapidcloud continues, with a 20.9% increase today, meaning my losses are reduced to £190.50. There's still been no news to back up the price rise, so this is another to watch with interest tomorrow.
AFPO:African Potash also climbed mysteriously on no news today, gaining 12.3% on the share price, but unfortunately the spread is 9% and the bid price didn't change much so I didn't see such a big rise on my stats.
Disappointing news from UTV:UTV Media today. I've been waiting for a gigantic dividend after they sold Ulster TV to ITV, but we're getting quite a puny cash dividend, with the rest coming as a "B share scheme". I haven't really got a clue what that means, so will just watch and see what happens. Given the share price dropped by 4.3% suggests that the news wasn't overly popular. The new company name is WLG:Wireless Group from tomorrow.
Altogether rather an interesting week...
Monday 29 February 2016
Sunday 28 February 2016
Week 29 Review
Things seemed to go rather well this week. Biggest riser was RCI:Rapidcoud, with a 38% rise halving my paper losses. I'm definitely not complaining, but normally on that sort of increase you'd expect something to either say
"we don't know why it's happened" or some news that would justify it. LLOY:Lloyds Bank is up 15% after decent results, AA:Alcoa surged 14% and is almost in profit and GLEN:Glencore ended up 11% higher but still not quite in profit. Maybe results in the coming week will rectify that - or will they? No double digit losses this week, with DOTD:Dotdigital being the worst performer, losing 8% despite rising profits on the first half. Maybe now is the time to top up!
With new money in, sales, and transfers from one account to another, it will take a bit of effort to decipher the summary.
The portfolio cost reduced by £546.97, which was the cost of the SHG:Shanta Gold shares that I sold, then transferred the cash into my SIPP.
Another great week, with the portfolio sell value going up by around £900 following last week's £1,000 gains. The paper loss is really coming down now, but I'm still a fair way from pre-Christmas when it almost fell bellow a £2,000 loss on the sell value.
Best share for potential profits is GVC:GVC Holdings, which is up at £510.12 profit but has a long way to go yet. Next best is TSG:Trans Siberian Gold on £422.41 then TON:Titon Holdings on £388.61.
No dividends this week, and the sales profit goes up by what I made selling SHG:Shanta Gold. This lifts the average monthly profit by £9.48 and the % return on portfolio cost goes up to 8%, but that's against a slightly smaller portfolio cost.
The SIPP looks like this
Lots of addition to the portfolio cost from the tax money and sales of Shanta Gold. Getting close to my target of £10,000 so must keep the discipline of waiting to transfer the money from my share account next time I sell something, instead of getting distracted by a shiny new share.
Potential profits dropped a little, but four of the shares are now in profit. HGM:Highland Gold is best with £119.10 then LLOY:LLoyds which is now in profit of £55.96.
Still no dividends, and no sales this week. Monthly profit has dropped as a result, and the % return of portfolio cost has dropped by 8% but that's partly because of the increase in portfolio cost, and 22% is still bonkers.
So, two brilliant weeks on the trot - can next week come anywhere close? Tuesday is an important day with GLEN:Glencore and TW.:Taylor Wimpey giving their annual results. Hope it will be good news and enough to take them both into profit. There's also the mystery of the RCI:Rapidcloud surge in share price - will there be any news or explanation?...
With new money in, sales, and transfers from one account to another, it will take a bit of effort to decipher the summary.
| Weekly Change | |||
| Portfolio cost | £34,427.40 | -£546.97 | |
| Portfolio value (share price) | £32,718.60 | (-£1,498.49) | +£846.47 |
| Portfolio sell value (bid price - commission) | £31,546.02 | (-£2,881.39) | +£919.69 |
| Potential profits | £1,886.02 | +£299.09 | |
| Dividends | £366.79 | +£0 | |
| Profit from sales | £1,177.44 | +£113.23 | |
| Average monthly cash profit | £225.09 | +£9.48 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 8% |
The portfolio cost reduced by £546.97, which was the cost of the SHG:Shanta Gold shares that I sold, then transferred the cash into my SIPP.
Another great week, with the portfolio sell value going up by around £900 following last week's £1,000 gains. The paper loss is really coming down now, but I'm still a fair way from pre-Christmas when it almost fell bellow a £2,000 loss on the sell value.
Best share for potential profits is GVC:GVC Holdings, which is up at £510.12 profit but has a long way to go yet. Next best is TSG:Trans Siberian Gold on £422.41 then TON:Titon Holdings on £388.61.
No dividends this week, and the sales profit goes up by what I made selling SHG:Shanta Gold. This lifts the average monthly profit by £9.48 and the % return on portfolio cost goes up to 8%, but that's against a slightly smaller portfolio cost.
The SIPP looks like this
| Weekly Change | |||
| Portfolio cost | £8,951.94 | +£1,784.89 | |
| Portfolio value (share price) | £8,987.50 | (+£35.56) | +£120.81 |
| Portfolio sell value (bid price - commission) | £8,809.47 | (-£142.47) | +£97.75 |
| Potential profits | £230.59 | -£25.57 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £500.25 | +£0 | |
| Average monthly cash profit | £165.68 | -£13.81 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 22.21% |
Lots of addition to the portfolio cost from the tax money and sales of Shanta Gold. Getting close to my target of £10,000 so must keep the discipline of waiting to transfer the money from my share account next time I sell something, instead of getting distracted by a shiny new share.
Potential profits dropped a little, but four of the shares are now in profit. HGM:Highland Gold is best with £119.10 then LLOY:LLoyds which is now in profit of £55.96.
Still no dividends, and no sales this week. Monthly profit has dropped as a result, and the % return of portfolio cost has dropped by 8% but that's partly because of the increase in portfolio cost, and 22% is still bonkers.
So, two brilliant weeks on the trot - can next week come anywhere close? Tuesday is an important day with GLEN:Glencore and TW.:Taylor Wimpey giving their annual results. Hope it will be good news and enough to take them both into profit. There's also the mystery of the RCI:Rapidcloud surge in share price - will there be any news or explanation?...
Wednesday 24 February 2016
Powerplay
Last night I was giving serious thought to my holdings in SHG:Shanta Gold. They climbed well at the start of the gold rally, but have faltered lately as other gold shares continue to rise. I decided that as these do not pay dividends, and as they are a very small company who will need to raise more cash to develop, taking a 20.2% profit would be my best bet. I sold them this morning making a profit of £113.23.
Over the weekend I had already worked out what my new shares would be when I next had some cash. I have been looking at VEC:Vectura which is a pharma company specialising in respiratory conditions. This is a massive market and they appear to be well placed to make lots of profits in the not too distant future.
However, last night I found something else that excited me so much I have changed course. I ended up with £760 in my standard share account, but wanted to add more to my SIPP. As I can't do that until after the settlement date, I added £760 from my bank account, then next week will replace that with the £760 from my share account when I can withdraw it. I purchased 13,471 shares of CWR:Ceres Power Holdings at 5.59p costing £764.98.
Ceres have developed a steel fuel cell. It's basically a plate of steel with holes in it, then they print a layer of ceramic onto it. When heat is applied to one side of the cell, it produces electricity. The plan is that you pack a load of these together and then heat them, say with gas, and it's a very efficient way of producing electricity. A house could produce most of its power and hot water with just 100 fuel cells in a pack. You can just scale up the number of packs to produce more electricity.
They are teamed up with Honda to help fund the research, and British Gas is another of their partners. They can produce a fuel cell every three seconds and then work with their partners to embed them in their products. It's a bit like a micro-chip company supplying tech companies. Ceres have the Intellectual Property rights to the technology too.
They are just in a position to start properly commercialising this technology, so although they have been making a loss for years, that looks set to change. They have no debt, which is also a great benefit. Their interim report is due on Friday, which should make interesting reading.
This does increase my exposure to loss-making penny shares, which I vowed I would cap at 20%, but I want to be a part of this one - it's gripped me like no other share I've seen for a long time.
The movement of money in and out of accounts will confuse the review at the end of the week. Meanwhile it's been a 2nd consecutive bad day today, with more shares down than up as the FTSE 100 slides back well below 6,000. GLEN:Glencore have wiped out all the lovely gains from Monday so are back at £346 loss after coming so close to profit. Deeply upsetting, but not altogether unexpected. The ray of sunshine was TSG:Trans Siberian Gold which climbed another 8.4% and are now up by 123% making £465 profit. Relieved to say that SHG:Shanta Gold didn't move a muscle today, so still happy that I sold them. Let's see if things settle down a bit over the next few days...
Over the weekend I had already worked out what my new shares would be when I next had some cash. I have been looking at VEC:Vectura which is a pharma company specialising in respiratory conditions. This is a massive market and they appear to be well placed to make lots of profits in the not too distant future.
However, last night I found something else that excited me so much I have changed course. I ended up with £760 in my standard share account, but wanted to add more to my SIPP. As I can't do that until after the settlement date, I added £760 from my bank account, then next week will replace that with the £760 from my share account when I can withdraw it. I purchased 13,471 shares of CWR:Ceres Power Holdings at 5.59p costing £764.98.
Ceres have developed a steel fuel cell. It's basically a plate of steel with holes in it, then they print a layer of ceramic onto it. When heat is applied to one side of the cell, it produces electricity. The plan is that you pack a load of these together and then heat them, say with gas, and it's a very efficient way of producing electricity. A house could produce most of its power and hot water with just 100 fuel cells in a pack. You can just scale up the number of packs to produce more electricity.
They are teamed up with Honda to help fund the research, and British Gas is another of their partners. They can produce a fuel cell every three seconds and then work with their partners to embed them in their products. It's a bit like a micro-chip company supplying tech companies. Ceres have the Intellectual Property rights to the technology too.
They are just in a position to start properly commercialising this technology, so although they have been making a loss for years, that looks set to change. They have no debt, which is also a great benefit. Their interim report is due on Friday, which should make interesting reading.
This does increase my exposure to loss-making penny shares, which I vowed I would cap at 20%, but I want to be a part of this one - it's gripped me like no other share I've seen for a long time.
The movement of money in and out of accounts will confuse the review at the end of the week. Meanwhile it's been a 2nd consecutive bad day today, with more shares down than up as the FTSE 100 slides back well below 6,000. GLEN:Glencore have wiped out all the lovely gains from Monday so are back at £346 loss after coming so close to profit. Deeply upsetting, but not altogether unexpected. The ray of sunshine was TSG:Trans Siberian Gold which climbed another 8.4% and are now up by 123% making £465 profit. Relieved to say that SHG:Shanta Gold didn't move a muscle today, so still happy that I sold them. Let's see if things settle down a bit over the next few days...
Tuesday 23 February 2016
Fastnet Equity intrigue and another Woohoo!
Yesterday there was much excitement when FAST:Fastnet Equity suspended its shares from the market after announcing talks for a reverse takeover of Amryt Pharmaceuticals. I only purchased a small stakeholding in Fastnet. 14,695 shares costing £405, but it's exciting to imagine how they might perform.
The new company will be chaired by Harry Stratford who founded Shire Pharmaceuticals. They trade at 3,810p a share. I'm not saying there's any chance the new company will trade for that even in the next 20 years, but it's fun to note that if they did, my £405 would be worth £559,450. It's nice to dream.
When the shares re-list, I'm hoping they will at least start off at more than the 2.7p I paid.
Amryt will use the funds to buy existing Pharma companies that specialise in treating rare skin diseases. Not exactly a mass market, but hopefully they will look at treating common skin diseases too.
Meanwhile I can do another "Woohoo!" as I spent my tax rebate this morning and ticked the total portfolio cost over £43,000.
I decided not to buy any new shares, but instead to top up one of my existing shares, but which one? I wanted to buy one that's good value, so that pushed me towards the ones that are making a loss from when I first purchased them. LLOY:Lloyds were an option, but banks are a little precarious at the moment so I decided to pass. AA:Alcoa are almost back to profit, but you don't get many shares for £1,000 so I decided against that. ASHM:Ashmore Group were a possibility. They pay a great dividend and are 8% down on when I bought them.
However, in the end I went for CAML:Central Asia Metals. These also pay a great dividend and have a cheap way of producing copper from mine waste. They are making a profit, are about to increase production and get involved in a new project in Chile, and have enough cash to buy something else, but are waiting for a project that fits their low cost model. I bought 693 shares at 145.4449p costing £1,019.88. They sneaked up 0.2% today so altogether I'm 5% down and losing £118.27 on my total of 1351 shares. I should get over £100 dividend in June which will be nice.
Meanwhile I won't be able to open my bottle of beer tonight, as GLEN:Glencore slipped 2.2% today and extended the loss to £97 rather than going into profit. Maybe tomorrow...
The new company will be chaired by Harry Stratford who founded Shire Pharmaceuticals. They trade at 3,810p a share. I'm not saying there's any chance the new company will trade for that even in the next 20 years, but it's fun to note that if they did, my £405 would be worth £559,450. It's nice to dream.
When the shares re-list, I'm hoping they will at least start off at more than the 2.7p I paid.
Amryt will use the funds to buy existing Pharma companies that specialise in treating rare skin diseases. Not exactly a mass market, but hopefully they will look at treating common skin diseases too.
Meanwhile I can do another "Woohoo!" as I spent my tax rebate this morning and ticked the total portfolio cost over £43,000.
I decided not to buy any new shares, but instead to top up one of my existing shares, but which one? I wanted to buy one that's good value, so that pushed me towards the ones that are making a loss from when I first purchased them. LLOY:Lloyds were an option, but banks are a little precarious at the moment so I decided to pass. AA:Alcoa are almost back to profit, but you don't get many shares for £1,000 so I decided against that. ASHM:Ashmore Group were a possibility. They pay a great dividend and are 8% down on when I bought them.
However, in the end I went for CAML:Central Asia Metals. These also pay a great dividend and have a cheap way of producing copper from mine waste. They are making a profit, are about to increase production and get involved in a new project in Chile, and have enough cash to buy something else, but are waiting for a project that fits their low cost model. I bought 693 shares at 145.4449p costing £1,019.88. They sneaked up 0.2% today so altogether I'm 5% down and losing £118.27 on my total of 1351 shares. I should get over £100 dividend in June which will be nice.
Meanwhile I won't be able to open my bottle of beer tonight, as GLEN:Glencore slipped 2.2% today and extended the loss to £97 rather than going into profit. Maybe tomorrow...
Monday 22 February 2016
Glencore - so close to profit!
It's almost too much to believe. After an 11.8% surge today, GLEN:Glencore is only £43.94 away from being in profit. It was just weeks ago that I was reporting a £1,100 loss.
I have the beer on standby for tomorrow
Can the price of copper stay up? Can the profit-takers resist selling everything? Can my nerve hold out with the ISA shares on a £375 (44%) profit?
Talk about a roller-coaster share. I'm just glad I took the seemingly crazy move of buying another great chunk at 91p to offset the 174p disaster.
The big question is whether this is sustainable. I hope so, as I don't plan to sell. I feel I deserve a decent return on these given the stress they've caused over the last six months.
Meanwhile, AA:Alcoa is also going bonkers today, with a 12.5% increase so far meaning it's only losing £33.81. That's another share that's never been in profit.
As per usual, it's not all sunshine and smiles. My house builders have all been hammered and dropped by about 4% and the gold mines are all down too. The net effect is a £200 gain on the portfolio value, which is pretty good.
The tax arrived in my SIPP today, so I've added anouther £100 from my bank account to take it up to a round £1,000. Some shopping tomorrow, and then I'll be able to do another "woohoo!"
I have the beer on standby for tomorrow
Can the price of copper stay up? Can the profit-takers resist selling everything? Can my nerve hold out with the ISA shares on a £375 (44%) profit?
Talk about a roller-coaster share. I'm just glad I took the seemingly crazy move of buying another great chunk at 91p to offset the 174p disaster.
The big question is whether this is sustainable. I hope so, as I don't plan to sell. I feel I deserve a decent return on these given the stress they've caused over the last six months.
Meanwhile, AA:Alcoa is also going bonkers today, with a 12.5% increase so far meaning it's only losing £33.81. That's another share that's never been in profit.
As per usual, it's not all sunshine and smiles. My house builders have all been hammered and dropped by about 4% and the gold mines are all down too. The net effect is a £200 gain on the portfolio value, which is pretty good.
The tax arrived in my SIPP today, so I've added anouther £100 from my bank account to take it up to a round £1,000. Some shopping tomorrow, and then I'll be able to do another "woohoo!"
Friday 19 February 2016
Week 28 Review
The week started wonderfully, but tailed off a bit at the end. Double-digit losers this week were AFG:Aquatic Food down 14%, APC:APC Technology down 20%, and SHG:Shanta Gold down 11%. There were some double-digit risers to balance them out, with GLEN:Glencore up 17%, JLP:Jubilee Platinum up 14%, SXX:Sirrius Minerals up 15% and TSG:Trans Siberian Gold up 10% on last week.
Was the performance early in the week enough to reduce the impact of the dip?
I wish it would look this good every week.
No new purchases this week, but the big headline is the increase in portfolio value of over £1,000, significantly reducing the paper losses. Given the FTSE 100 ended up still below 6,000 at the end of the week, it suggests there is still plenty of recovery room without needing a spectacular rise in the market.
Potential profits went up by a healthy £481. Much of this was GLEN:Glencore going into £235 profit on my latter purchase in my ISA, so it's a little misleading as I'm using that to offset the £545 losses on my earlier purchases in my standard acount. TSG:Trans Siberian Gold has climbed again and is sitting at £422.41 profit. I'm glad I held onto these, as I did have a limit sell order in, but the price dipped below it when the markets opened and I cancelled the order. I was concerned gold would plummet as the rest of the market picked up so strongly, and couldn't bear to lose 100% profit, but they now stand at 115% profit and I'm holding on.
The £42 dividend came from TON:Titon Holdings which is one of my favourite shares. It's dipped a little from recent highs but is still showing a 20% profit, plus a bit more with the dividend.
The dividend has allowed my average monthly profit to drop by only £1.24 and stay over £200 with over 7% projected annual yield. I wonder where next week's £40 will come from to keep this going?
Here's the SIPP review
The extra £1,000 added to the portfolio cost was from my premium bonds and had an instant benefit, with the JLP:Jubilee Platinum shares up 15% in a week and standing at £117 profit. This has helped offset the poor performance of AA:Alcoa towards the end of the week and the fact both SLI:Standard Life Property Investment and UTW:Utilitywise have slipped back into loss, albeit just commission.
The paper losses have halved this week, so just need a repeat of that and we'll be in much better shape. In theory my pension is the account that can afford to be in loss as it's so long until I can withdraw anything from it, but it somehow feels worse having this showing a loss compared to my other accounts.
No dividends or sales this week, so the average monthly performance has dropped off a bit, but given the portfolio cost has gone up, having a projected annual yield from sales and dividends still over 30% is pleasing. It will drop again next week when the tax rebate arrives. At that point I'll be less than £2,000 away from my target of getting £10,000 in my SIPP.
So it's been a good week. I'm almost afraid to see what the next big scare will be to send everything crashing down again. Every time things start to look more relaxed, pandemonium breaks out and any hope of getting into paper profit drains away. It's got to go into the black at some point - hasn't it?
Was the performance early in the week enough to reduce the impact of the dip?
| Weekly Change | |||
| Portfolio cost | £34,974.37 | +£0 | |
| Portfolio value (share price) | £32,419.10 | (-£2,344.96) | +£1,123.78 |
| Portfolio sell value (bid price - commission) | £31,173.30 | (-£3,801.08) | +£1,014.26 |
| Potential profits | £1,586.93 | +£481.25 | |
| Dividends | £366.79 | +£42.00 | |
| Profit from sales | £1,064.21 | +£0 | |
| Average monthly cash profit | £215.61 | -£1.24 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 7.4% |
I wish it would look this good every week.
No new purchases this week, but the big headline is the increase in portfolio value of over £1,000, significantly reducing the paper losses. Given the FTSE 100 ended up still below 6,000 at the end of the week, it suggests there is still plenty of recovery room without needing a spectacular rise in the market.
Potential profits went up by a healthy £481. Much of this was GLEN:Glencore going into £235 profit on my latter purchase in my ISA, so it's a little misleading as I'm using that to offset the £545 losses on my earlier purchases in my standard acount. TSG:Trans Siberian Gold has climbed again and is sitting at £422.41 profit. I'm glad I held onto these, as I did have a limit sell order in, but the price dipped below it when the markets opened and I cancelled the order. I was concerned gold would plummet as the rest of the market picked up so strongly, and couldn't bear to lose 100% profit, but they now stand at 115% profit and I'm holding on.
The £42 dividend came from TON:Titon Holdings which is one of my favourite shares. It's dipped a little from recent highs but is still showing a 20% profit, plus a bit more with the dividend.
The dividend has allowed my average monthly profit to drop by only £1.24 and stay over £200 with over 7% projected annual yield. I wonder where next week's £40 will come from to keep this going?
Here's the SIPP review
| Weekly Change | |||
| Portfolio cost | £7,167.05 | +£1,001.94 | |
| Portfolio value (share price) | £7,081.80 | (-£85.25) | +£300.64 |
| Portfolio sell value (bid price - commission) | £6,926.83 | (-£240.22) | +£246.88 |
| Potential profits | £256.16 | +£122.06 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £500.25 | +£0 | |
| Average monthly cash profit | £179.49 | -£16.32 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 30.05% |
The extra £1,000 added to the portfolio cost was from my premium bonds and had an instant benefit, with the JLP:Jubilee Platinum shares up 15% in a week and standing at £117 profit. This has helped offset the poor performance of AA:Alcoa towards the end of the week and the fact both SLI:Standard Life Property Investment and UTW:Utilitywise have slipped back into loss, albeit just commission.
The paper losses have halved this week, so just need a repeat of that and we'll be in much better shape. In theory my pension is the account that can afford to be in loss as it's so long until I can withdraw anything from it, but it somehow feels worse having this showing a loss compared to my other accounts.
No dividends or sales this week, so the average monthly performance has dropped off a bit, but given the portfolio cost has gone up, having a projected annual yield from sales and dividends still over 30% is pleasing. It will drop again next week when the tax rebate arrives. At that point I'll be less than £2,000 away from my target of getting £10,000 in my SIPP.
So it's been a good week. I'm almost afraid to see what the next big scare will be to send everything crashing down again. Every time things start to look more relaxed, pandemonium breaks out and any hope of getting into paper profit drains away. It's got to go into the black at some point - hasn't it?
Wednesday 17 February 2016
Go go Glencore!
I never thought I's see the day. GLEN:Glencore is pulling clear of the doldrums and rather than being £1,100 down like a few weeks ago, is now only £300 down. It's nowhere near my worst share any more and is officially no longer my nemesis.
There are three contenders for nemesis share
AFG:Aquatic Food. I had such high hopes for this one, and still do. However, there's a tinge of doubt that can only be purged by a strong set of financial results. By strong I mean transparent. They have to prove to investors that they are serious, and not about to do something horrible and de-list from the Stock Exchange. This week someone has been offloading 10,000 shares every day and nobody is buying them, so the price is plummeting. It's now down 67% and showing a paper loss of £833. I'm still keeping the faith. Their finances look sound if they are true. I really, really hope they are true!
My other big loser is RCI:Rapidcloud. This one doesn't concern me in terms of transparency. In fact, they have been very transparent at why their profits will be hammered by a new Malaysian tax. I fear that's what's caused the share price to tank. However, I still believe they are in a strong position and have many big clients, so once this dodgy period is out of the way things should recover. These are down 65% and showing a paper loss of £734
The final contender for nemesis share is a very recent purchase. FXI:Fusionex are in a similar business to Rapidcloud. I bought them because I believed their shares had dropped following a misunderstanding in a trading update. There has been lots of buying of this one, but it appears a massive sale has flooded the market with shares so it may keep tumbling until they are used up. I should have waited another week to buy them! They are down 26% and losing £316
I think the nemesis award must go to AFG:Aquatic Food, as I'm genuinely concerned they could de-list and the loss would obliterate most of my actual profits. I long for reassurance that they are for real.
General feelings are very positive so far this week. It's wonderful to see the FTSE back above 6,000 and although my gold mines are dropping, they are still in profit so I'm hoping will stabilise that way. Nine shares are in profit from my main accounts and three from my SIPP which is getting perilously close to breaking even.
The JLP:Jubilee Platinum purchase was well timed on Monday, as the SIPP shares have risen 13% and are showing £84 profit in 3 days. The shares in my other accounts are down by £66 which means overall I'm showing a profit, despite them not having started production yet. There could be spectacular action to come with these. I may bed the ones in my normal account into my SIPP so any profits will be tax free and keep the ones in my ISA. The problem with bedding them is that I lose 4% spread and £11.95 to buy the new shares, so a better approach might be to sell them and then transfer the proceeds, and wait for the price to drop before re-purchasing. The problem there is the extra £11.95 commission. So maybe I'll just leave them alone - there's no way they'll take me over my capital gains allowance.
One of my favourite shares TON:Titon Holdings has had a bit of a surge following the crash. That's now back up to a 23% rise and £364 profit. I'm sure these have got plenty of room to grow more yet.
The other major event today was the transfer of most of my StockTrade shares to my Hargreaves Lansdown account. This was in preference to the automatic transfer to Alliance Trust, as Brewin Dolphin have sold the StockTrade business to them. Unfortunately my PUR:Pure Wafer shares have caused a problem, as Hargreaves Lansdown cannot accept them. They are in limbo until September when the final liquidation dividend is paid. I'm a bit limited as to my options. I suspect allowing them to transfer to Alliance Trust is my only option, but I don't want to end up being charged more than they're worth in order to keep them until September. It's somewhat frustrating. Main reason for joy is that I wanted to transfer everything to Hargreaves Lansdown anyway, but it would have cost me £250 in charges. The sell-out to Alliance Trust means it was all done free.
So, in mid-week things are looking a lot more rosy than Monday, but can this period of rising prices continue? It would be so nice to report on a profitable pension and reduction in paper deficit on Friday. Here's hoping...
There are three contenders for nemesis share
AFG:Aquatic Food. I had such high hopes for this one, and still do. However, there's a tinge of doubt that can only be purged by a strong set of financial results. By strong I mean transparent. They have to prove to investors that they are serious, and not about to do something horrible and de-list from the Stock Exchange. This week someone has been offloading 10,000 shares every day and nobody is buying them, so the price is plummeting. It's now down 67% and showing a paper loss of £833. I'm still keeping the faith. Their finances look sound if they are true. I really, really hope they are true!
My other big loser is RCI:Rapidcloud. This one doesn't concern me in terms of transparency. In fact, they have been very transparent at why their profits will be hammered by a new Malaysian tax. I fear that's what's caused the share price to tank. However, I still believe they are in a strong position and have many big clients, so once this dodgy period is out of the way things should recover. These are down 65% and showing a paper loss of £734
The final contender for nemesis share is a very recent purchase. FXI:Fusionex are in a similar business to Rapidcloud. I bought them because I believed their shares had dropped following a misunderstanding in a trading update. There has been lots of buying of this one, but it appears a massive sale has flooded the market with shares so it may keep tumbling until they are used up. I should have waited another week to buy them! They are down 26% and losing £316
I think the nemesis award must go to AFG:Aquatic Food, as I'm genuinely concerned they could de-list and the loss would obliterate most of my actual profits. I long for reassurance that they are for real.
General feelings are very positive so far this week. It's wonderful to see the FTSE back above 6,000 and although my gold mines are dropping, they are still in profit so I'm hoping will stabilise that way. Nine shares are in profit from my main accounts and three from my SIPP which is getting perilously close to breaking even.
The JLP:Jubilee Platinum purchase was well timed on Monday, as the SIPP shares have risen 13% and are showing £84 profit in 3 days. The shares in my other accounts are down by £66 which means overall I'm showing a profit, despite them not having started production yet. There could be spectacular action to come with these. I may bed the ones in my normal account into my SIPP so any profits will be tax free and keep the ones in my ISA. The problem with bedding them is that I lose 4% spread and £11.95 to buy the new shares, so a better approach might be to sell them and then transfer the proceeds, and wait for the price to drop before re-purchasing. The problem there is the extra £11.95 commission. So maybe I'll just leave them alone - there's no way they'll take me over my capital gains allowance.
One of my favourite shares TON:Titon Holdings has had a bit of a surge following the crash. That's now back up to a 23% rise and £364 profit. I'm sure these have got plenty of room to grow more yet.
The other major event today was the transfer of most of my StockTrade shares to my Hargreaves Lansdown account. This was in preference to the automatic transfer to Alliance Trust, as Brewin Dolphin have sold the StockTrade business to them. Unfortunately my PUR:Pure Wafer shares have caused a problem, as Hargreaves Lansdown cannot accept them. They are in limbo until September when the final liquidation dividend is paid. I'm a bit limited as to my options. I suspect allowing them to transfer to Alliance Trust is my only option, but I don't want to end up being charged more than they're worth in order to keep them until September. It's somewhat frustrating. Main reason for joy is that I wanted to transfer everything to Hargreaves Lansdown anyway, but it would have cost me £250 in charges. The sell-out to Alliance Trust means it was all done free.
So, in mid-week things are looking a lot more rosy than Monday, but can this period of rising prices continue? It would be so nice to report on a profitable pension and reduction in paper deficit on Friday. Here's hoping...
Monday 15 February 2016
A new Woohoo!
I mentioned in my last post that it would be next week when I get my next "Woohoo" for increasing the portfolio value by another £1,000. It's come a little sooner than I expected as the value topped £42K today.
I still have some premium bonds, and I looked at them long and hard. What's the point? On one hand they are relatively liquid, but actually it can take up to a week for the money to withdraw, so selling some shares would be no slower.
Having 15,000 last year meant I was winning £25 in about 2 out of every 3 months, but having 1,500 is getting me no return whatsoever.
I sent a withdrawal request for £1,000 yesterday, and as it was pay day today, transferred £1,000 from my bank account to my SIPP in anticipation of the premium bond money appearing next week.
One of my existing shares JLP:Jubilee Platinum will start production imminently, and the price of platinum has been rising steadily. They should become profitable very soon, so I wanted to add to my existing 35,000 shares. I bought 32,781 at 3.02p for £1,001.94.
The share price seems stable so far - unlike my gold mines which are dropping today. The rest of the portfolio is looking healthy with 2% rises across many of the recent fallers. However, it's early days yet so plenty of time for things to go horribly wrong again. Fingers crossed...
I still have some premium bonds, and I looked at them long and hard. What's the point? On one hand they are relatively liquid, but actually it can take up to a week for the money to withdraw, so selling some shares would be no slower.
Having 15,000 last year meant I was winning £25 in about 2 out of every 3 months, but having 1,500 is getting me no return whatsoever.
I sent a withdrawal request for £1,000 yesterday, and as it was pay day today, transferred £1,000 from my bank account to my SIPP in anticipation of the premium bond money appearing next week.
One of my existing shares JLP:Jubilee Platinum will start production imminently, and the price of platinum has been rising steadily. They should become profitable very soon, so I wanted to add to my existing 35,000 shares. I bought 32,781 at 3.02p for £1,001.94.
The share price seems stable so far - unlike my gold mines which are dropping today. The rest of the portfolio is looking healthy with 2% rises across many of the recent fallers. However, it's early days yet so plenty of time for things to go horribly wrong again. Fingers crossed...
Friday 12 February 2016
Week 27 Review
I made a decision this morning on how to invest the £500 in my SIPP. It was a difficult decision, but I decided to get back into UTW:Utilitywise. I sold my shares partly in a panic as they have been so volatile in the past, and although I was happy with the profit, it was nagging me that I wanted to get back in. I've been hoping they would drop back to the original 141p I paid, but they have dropped 19p to 161p so I decided to take the opportunity. I bought 308 shares at 161.93p costing £510.69. They sneaked up 1% today but I'm down £25.99 commission and a little spread.
The FTSE 100 did well today, but my portfolio didn't do as well so the week review doesn't promise much fun.
No surprises there. Massive losses on the portfolio, increase in potential profits thanks to the gold mines covering the losses elsewhere, one dividend from DOTD:Dotdigital, and a slight reduction in monthly profit as there were no sales this week.
Here's the damage to the SIPP
Not bad at all. The profits from the TSG:Trans Siberian Gold, plus the monthly contribution from my bank account and the £70 top-up all account for the rise in portfolio cost. The share price dropped a remarkably small amount considering the turmoil of the week, potential profits are way up thanks to HGM:Highland Gold, and the sale boosted my cash profits to almost £200 a month and a projected annual % return of 38% if I can keep it up - which I can't, but it will be a while before this threatens to drop below 6%.
Combined portfolios have ticked up past £41K which is another milestone. Each £1,000 deserves a little "woohoo!" and I'm due another the week after next when my tax rebate kicks it past £42K. In the meantime I need to ponder the future of gold and whether to bank any more profit. Most of the gold mines dropped a little today, except TSG:Trans Siberian Gold which rose another 6.3% so is now showing a 105% increase and profit of £379. My target for this share is 45p which would take the profit to £550 so I think I will hold out a little longer.
Payday on Monday, but I've been neglecting my Visa bill so no top-up from my bank account this month. I'll just wait for the tax rebate to keep my spirit up, and hope for something to change and get us out of this selling frenzy so the majority of the portfolio can recover.
The FTSE 100 did well today, but my portfolio didn't do as well so the week review doesn't promise much fun.
| Weekly Change | |||
| Portfolio cost | £34,974.37 | +£0 | |
| Portfolio value (share price) | £31,295.32 | (-£3,510.73) | -£869.98 |
| Portfolio sell value (bid price - commission) | £30,159.04 | (-£4,815.33) | -£877.46 |
| Potential profits | £1105.68 | +£54.96 | |
| Dividends | £324.79 | +£7.20 | |
| Profit from sales | £1,064.21 | +£0 | |
| Average monthly cash profit | £216.85 | -£7.15 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 7.44% |
No surprises there. Massive losses on the portfolio, increase in potential profits thanks to the gold mines covering the losses elsewhere, one dividend from DOTD:Dotdigital, and a slight reduction in monthly profit as there were no sales this week.
Here's the damage to the SIPP
| Weekly Change | |||
| Portfolio cost | £6,165.11 | +£310.74 | |
| Portfolio value (share price) | £5,779.22 | (-£385.89) | -£18.34 |
| Portfolio sell value (bid price - commission) | £5,678.01 | (-£487.11) | -£7.63 |
| Potential profits | £134.10 | +£127.88 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £500.25 | +£134.15 | |
| Average monthly cash profit | £195.81 | +£38.56 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 38.11% |
Not bad at all. The profits from the TSG:Trans Siberian Gold, plus the monthly contribution from my bank account and the £70 top-up all account for the rise in portfolio cost. The share price dropped a remarkably small amount considering the turmoil of the week, potential profits are way up thanks to HGM:Highland Gold, and the sale boosted my cash profits to almost £200 a month and a projected annual % return of 38% if I can keep it up - which I can't, but it will be a while before this threatens to drop below 6%.
Combined portfolios have ticked up past £41K which is another milestone. Each £1,000 deserves a little "woohoo!" and I'm due another the week after next when my tax rebate kicks it past £42K. In the meantime I need to ponder the future of gold and whether to bank any more profit. Most of the gold mines dropped a little today, except TSG:Trans Siberian Gold which rose another 6.3% so is now showing a 105% increase and profit of £379. My target for this share is 45p which would take the profit to £550 so I think I will hold out a little longer.
Payday on Monday, but I've been neglecting my Visa bill so no top-up from my bank account this month. I'll just wait for the tax rebate to keep my spirit up, and hope for something to change and get us out of this selling frenzy so the majority of the portfolio can recover.
Thursday 11 February 2016
Cream off some of the gold
I decided to top-slice some of my gold profit today. Not a lot - but enough to make me feel there has been a material advantage to the upswing. I sold the TSG:Trans Siberian Gold shares from my SIPP, as I'd only bought a tiny amount and still had some left over in my normal share account. I sold them at 33.5p which was a 63.3% profit of £134.15 based on an investment of £199.95. The share price was up by 81% but by the time spread and commission are removed, it's reduced to just 63.3%
My reasoning was that I had around £100 from my monthly standing order which was too little to invest in a new share, so by selling this tiny stake now, I'd get £334 to add to it, and loaded another £70 from my bank account to make it up to £500 which is my minimum preferred investment.
The sale has had an impressive effect on my SIPP cash performance - details of that in tomorrow's weekly review.
Now I have the terrible dilemma of what to buy while the markets are rock bottom. So many bargains all over the place - it's so difficult to decide.
Should I take advantage of LLOY:Lloyds Bank being stupidly cheap at 56p?
Should I buy RDW:Redrow, my favorite house builder at crazy 401.9p down 9% from when I thought I had got it cheap?
Maybe now is the time to buy NTBR:Northern Bear, which I still believe is a sound company and at the insulting price of 40p?
Should I get back into UTW:Utilitywise, the company that made me £366 profit and has since slid back by 20p a share for no reason?
Should I top up on UCG:United Carpets, a share that hasn't budged from when I bought it and has been immune to the crash and pays great dividends?
Should I top up on CRL:Crightons, which is only down on the spread but that's 10% - I still love the company and it's also been immune to the crash?
If only I had loads of cash - this is the time to be shopping!
In the meantime the FTSE has crashed 2.4% today so the portfolio has been hammered. Fortunately all the gold mines went up again, and despite harvesting £134 profit, the gold mine profits went up by another £70 to £860 and would have been over £1,000 without the sale. This offset the losses on the rest of the portfolio to just £300 which is less than 1%. Unless something remarkable happens tomorrow, the weekly review will make unhappy reading, but how much worse would it have been without gold?
My reasoning was that I had around £100 from my monthly standing order which was too little to invest in a new share, so by selling this tiny stake now, I'd get £334 to add to it, and loaded another £70 from my bank account to make it up to £500 which is my minimum preferred investment.
The sale has had an impressive effect on my SIPP cash performance - details of that in tomorrow's weekly review.
Now I have the terrible dilemma of what to buy while the markets are rock bottom. So many bargains all over the place - it's so difficult to decide.
Should I take advantage of LLOY:Lloyds Bank being stupidly cheap at 56p?
Should I buy RDW:Redrow, my favorite house builder at crazy 401.9p down 9% from when I thought I had got it cheap?
Maybe now is the time to buy NTBR:Northern Bear, which I still believe is a sound company and at the insulting price of 40p?
Should I get back into UTW:Utilitywise, the company that made me £366 profit and has since slid back by 20p a share for no reason?
Should I top up on UCG:United Carpets, a share that hasn't budged from when I bought it and has been immune to the crash and pays great dividends?
Should I top up on CRL:Crightons, which is only down on the spread but that's 10% - I still love the company and it's also been immune to the crash?
If only I had loads of cash - this is the time to be shopping!
In the meantime the FTSE has crashed 2.4% today so the portfolio has been hammered. Fortunately all the gold mines went up again, and despite harvesting £134 profit, the gold mine profits went up by another £70 to £860 and would have been over £1,000 without the sale. This offset the losses on the rest of the portfolio to just £300 which is less than 1%. Unless something remarkable happens tomorrow, the weekly review will make unhappy reading, but how much worse would it have been without gold?
Wednesday 10 February 2016
There be gold in them thar hills
It's been a generally miserable week, with socking great losses across the portfolio, but things could have been oh so much horribly worse if it wasn't for my lovely gold mines
I thought gold was due for an upturn, but I wasn't quite expecting the scale and speed of it. HGM:Highland Gold is up 16% making £124 profit, CMCL:Caledonia Mining is up 17% making £96 profit, SHG:Shanta Gold is up 36% making £149 profit, and TSG:Trans Siberian Gold is up an amazing 81% and making an astonishing £422 profit on an outlay of £600. That's a total of £791 which has offset a big chunk of the losses as the FTSE stocks have crashed.
Slightly frustrating that if I hadn't sold PAF:Pan African Resources for a 29% profit of £360, that would now be showing a £1,086 profit. However, I wouldn't have been able to buy into GVC:GVC Holdings at such a cheap price, and I think they have greater potential for growth, given they are still in profit by £274 despite the crash this week having been up at £682 profit a few days ago and destined to get back to that quite quickly.
I won't even look at the rest of the portfolio. Despite a small recovery today, the losses were so gigantic on Monday and Tuesday it's going to take a while for them to recover. Best to just wait it out and hope it doesn't get any worse.
Meanwhile - huzzah for gold!
I thought gold was due for an upturn, but I wasn't quite expecting the scale and speed of it. HGM:Highland Gold is up 16% making £124 profit, CMCL:Caledonia Mining is up 17% making £96 profit, SHG:Shanta Gold is up 36% making £149 profit, and TSG:Trans Siberian Gold is up an amazing 81% and making an astonishing £422 profit on an outlay of £600. That's a total of £791 which has offset a big chunk of the losses as the FTSE stocks have crashed.
Slightly frustrating that if I hadn't sold PAF:Pan African Resources for a 29% profit of £360, that would now be showing a £1,086 profit. However, I wouldn't have been able to buy into GVC:GVC Holdings at such a cheap price, and I think they have greater potential for growth, given they are still in profit by £274 despite the crash this week having been up at £682 profit a few days ago and destined to get back to that quite quickly.
I won't even look at the rest of the portfolio. Despite a small recovery today, the losses were so gigantic on Monday and Tuesday it's going to take a while for them to recover. Best to just wait it out and hope it doesn't get any worse.
Meanwhile - huzzah for gold!
Friday 5 February 2016
Week 26 Review - 6 months in
I was hoping for a nice end to the week, as it had been great up till this morning, but not a great day today and my brilliant new purchase of FXI:Fusionex International this morning has proved to be appallingly badly timed, as the shares fell 12.9% and in one day I'm making a £186 paper loss. Having said that, a director bought 2,000 shares today which I take as a good sign.
Lots of big drops across the portfolio today - far worse then the FTSE 100. MSLH:Marshalls dropped 7.7% for no apparent reason. This was meant to be a safe bet share, but has lost 22% since I bought it. All the house builders are well down today, and TND:Tandem Group dropped 5.2%, so the Star Wars franchise hasn't materialised any gains for me with this one.
Some good news though, with GLEN:Glencore climbing another 2.5% so my loss is only £612 rather than £1,100 last week. MMX:Minds+Machines climbed 11.3% and clawed back a lot of my losses, and TON:Titon Holdings rose 3.4% and is showing £148 profit.
Let's see how the week ended up
Portfolio cost went up from the money I added for FAST:Fastnet Equity and re-investing the JLG:John Laing Group profit this morning - for all the good it did me!
Pretty good week, recovering £600 of my losses on top of the additional £300 added. Still a long way to go before I break even.
Potential profits soared by £522 mainly thanks to GVC:GVC Holdings being £547 up, with SHG:Shanta Gold and TON:Titon Holdings both showing profits of £150. Only 5 shares are in profit, but 7 are only losing commission, so teetering on the edge of profit.
One dividend of £20.08 this week from CMCL:Caledonia Mining giving me an average of £50 per month over the first 6 months, which is nice.
Small increase in cashed profits from selling JLG:John Laing Group this morning
Very happy to say that after 6 months I've averaged £224 cash profit per month, a £1.24 improvement on last week and an average yield of 7.69% on the current portfolio cost.
Generally satisfied.
The SIPP now looks like this
A steady recovery. I'd be happy to keep this up for another few weeks and get close to breaking even. SLI:Standard Life Property has edged into profit, which is where my massive £6.22 comes from.
As expected, the average monthly profit fell with no sales or dividends. It would be nice to get one dividend on the scoreboard. At the current rate, my average % return will take 6 weeks or more to get down to threaten my target of 6% so it will be interesting to see where the market finds itself by then. Having said that, there's £1,000 from the tax man due to drop before then, which will also drive down the % return.
Lots of big drops across the portfolio today - far worse then the FTSE 100. MSLH:Marshalls dropped 7.7% for no apparent reason. This was meant to be a safe bet share, but has lost 22% since I bought it. All the house builders are well down today, and TND:Tandem Group dropped 5.2%, so the Star Wars franchise hasn't materialised any gains for me with this one.
Some good news though, with GLEN:Glencore climbing another 2.5% so my loss is only £612 rather than £1,100 last week. MMX:Minds+Machines climbed 11.3% and clawed back a lot of my losses, and TON:Titon Holdings rose 3.4% and is showing £148 profit.
Let's see how the week ended up
| Weekly Change | |||
| Portfolio cost | £34,974.37 | +£303.80 | |
| Portfolio value (share price) | £32,165.30 | (-£2,647.96) | +£490.20 |
| Portfolio sell value (bid price - commission) | £31,036.50 | (-£3,937.88) | +£604.79 |
| Potential profits | £1050.72 | +£522.40 | |
| Dividends | £317.59 | +£20.08 | |
| Profit from sales | £1,064.21 | +£42.48 | |
| Average monthly cash profit | £224.00 | +£1.24 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 7.69% |
Portfolio cost went up from the money I added for FAST:Fastnet Equity and re-investing the JLG:John Laing Group profit this morning - for all the good it did me!
Pretty good week, recovering £600 of my losses on top of the additional £300 added. Still a long way to go before I break even.
Potential profits soared by £522 mainly thanks to GVC:GVC Holdings being £547 up, with SHG:Shanta Gold and TON:Titon Holdings both showing profits of £150. Only 5 shares are in profit, but 7 are only losing commission, so teetering on the edge of profit.
One dividend of £20.08 this week from CMCL:Caledonia Mining giving me an average of £50 per month over the first 6 months, which is nice.
Small increase in cashed profits from selling JLG:John Laing Group this morning
Very happy to say that after 6 months I've averaged £224 cash profit per month, a £1.24 improvement on last week and an average yield of 7.69% on the current portfolio cost.
Generally satisfied.
The SIPP now looks like this
| Weekly Change | |||
| Portfolio cost | £5,854.37 | +£0 | |
| Portfolio value (share price) | £5,486.82 | (-£367.55) | +£108.30 |
| Portfolio sell value (bid price - commission) | £5,374.90 | (-£479.47) | +£131.86 |
| Potential profits | £6.22 | +£6.22 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £366.10 | +£0 | |
| Average monthly cash profit | £157.25 | -£18.46 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 32.23% |
A steady recovery. I'd be happy to keep this up for another few weeks and get close to breaking even. SLI:Standard Life Property has edged into profit, which is where my massive £6.22 comes from.
As expected, the average monthly profit fell with no sales or dividends. It would be nice to get one dividend on the scoreboard. At the current rate, my average % return will take 6 weeks or more to get down to threaten my target of 6% so it will be interesting to see where the market finds itself by then. Having said that, there's £1,000 from the tax man due to drop before then, which will also drive down the % return.
A new deep purple share
I discovered a new deep purple share while doing research last night.
FXI:Fusionex International is a tech company specialising in big data analytics, but also provides a diverse range of IT services through a wide range of industries all over the world.
They lit up every category on my spreadsheet, but have recently hit a spot of bother after a misunderstanding from one of their trading statements, and their share price has dived from a stable position of around 330p to 155p.
Looking into this, it appears an institutional investor dumped 2 million shares to cause the collapse in price which happened over a 4 day period.
It sounds like their profits may reduce in the short term, but this is due to an active growth policy.
Their fundamentals are very strong, so as far as I can make out 155p is a bargain price and I wanted to get in before they recover.
I sold my JLG:John Laing Group shares for a small 4.8% profit of £42.48, as although I like this company it's a slow burner and I can get back into it at any time.
I was able to purchase 650 Fusionex shares at 155p for £1,019.45. This was 10p less than the published offer price, which was a relief as the spread would have been 12% but is actually 6%, which although still high is a lot more palitable.
It's looking like a mixed day for the rest of the portfolio. MMX:Minds + Machines has finally started to tick up, which will do a lot of good to the balance sheet. Lets's see what the week review brings, especially as it marks 6 months since I started.
FXI:Fusionex International is a tech company specialising in big data analytics, but also provides a diverse range of IT services through a wide range of industries all over the world.
They lit up every category on my spreadsheet, but have recently hit a spot of bother after a misunderstanding from one of their trading statements, and their share price has dived from a stable position of around 330p to 155p.
Looking into this, it appears an institutional investor dumped 2 million shares to cause the collapse in price which happened over a 4 day period.
It sounds like their profits may reduce in the short term, but this is due to an active growth policy.
Their fundamentals are very strong, so as far as I can make out 155p is a bargain price and I wanted to get in before they recover.
I sold my JLG:John Laing Group shares for a small 4.8% profit of £42.48, as although I like this company it's a slow burner and I can get back into it at any time.
I was able to purchase 650 Fusionex shares at 155p for £1,019.45. This was 10p less than the published offer price, which was a relief as the spread would have been 12% but is actually 6%, which although still high is a lot more palitable.
It's looking like a mixed day for the rest of the portfolio. MMX:Minds + Machines has finally started to tick up, which will do a lot of good to the balance sheet. Lets's see what the week review brings, especially as it marks 6 months since I started.
Thursday 4 February 2016
It's a Glencore miracle!
I can hardly believe it - my nemesis share is actually in profit on one of the purchases!
My 3rd purchase of GLEN:Glencore was at 91.8819p and today they rose 16% to a bid price of 99.31p. They are sitting there with £50 profit!
How tempted am I to sell those and run for the hills...
However, it only goes a small way towards undoing the damage of my first 2 purchases at 181.325p and 165.325p which are between them down by £711.64.
I just need to keep my fingers crossed as the profit slowly eats away at the loss - or alternatively they'll tank again and I'll be miserable
At the moment I'm content to celebrate a small ray of sunshine and hold them for greater glory.
Other strange activity this week has focused on RCI:Rapidcloud. Yesterday they went up 23% and today they went up 14%. Granted they are still down by 58% overall and losing £632.50, but this was much worse 2 days ago. There's not been any news, but people are buying the shares - I wonder what's going on?
Even stranger activity has been the gradual climb in one of my 2 complete no-hoper shares TRK:Torotrak. They have gone from about 3p to 5.3p this week after successfully demonstrating a car with one of their devices in it. Now it's only 14% down and losing just £39.38. Could their fortunes be about to turn?
Meanwhile in America, AA:Alcoa are surging, with about 7% rise yesterday and so far 10% today they are only down 10% and £100 loss. It's looking rather promising.
I'm keeping everything crossed for a positive day tomorrow, as even a break even day would result in a superb week for the portfolio and a dramatic reduction of the paper loss. Hope writing this hasn't cursed it to a gigantic crash...
My 3rd purchase of GLEN:Glencore was at 91.8819p and today they rose 16% to a bid price of 99.31p. They are sitting there with £50 profit!
How tempted am I to sell those and run for the hills...
However, it only goes a small way towards undoing the damage of my first 2 purchases at 181.325p and 165.325p which are between them down by £711.64.
I just need to keep my fingers crossed as the profit slowly eats away at the loss - or alternatively they'll tank again and I'll be miserable
At the moment I'm content to celebrate a small ray of sunshine and hold them for greater glory.
Other strange activity this week has focused on RCI:Rapidcloud. Yesterday they went up 23% and today they went up 14%. Granted they are still down by 58% overall and losing £632.50, but this was much worse 2 days ago. There's not been any news, but people are buying the shares - I wonder what's going on?
Even stranger activity has been the gradual climb in one of my 2 complete no-hoper shares TRK:Torotrak. They have gone from about 3p to 5.3p this week after successfully demonstrating a car with one of their devices in it. Now it's only 14% down and losing just £39.38. Could their fortunes be about to turn?
Meanwhile in America, AA:Alcoa are surging, with about 7% rise yesterday and so far 10% today they are only down 10% and £100 loss. It's looking rather promising.
I'm keeping everything crossed for a positive day tomorrow, as even a break even day would result in a superb week for the portfolio and a dramatic reduction of the paper loss. Hope writing this hasn't cursed it to a gigantic crash...
Tuesday 2 February 2016
Huzzah for GVC!
I was wracked with remorse after selling my PAF:Pan African Resources shares last week. This was part of my plan to buy more deep purple shares and get my cash return rate back over 6%.
I invested everything from that sale in GVC:GVC Holdings, one of only 4 deep purple shares on my spreadsheet, taking my holding to 749 shares.
Yesterday they merged with BWIN:Bwin.Party Digital Entertainment and their shares surged.
Today they were admitted to the main market of the Stock Exchange and their shares surged by another 9%
So in just a few days they have gone up 25% and are sitting with £682.39 profit - it's amazing!
After the doom and misery of January, February is a much brighter place.
Tragically a 2.3% fall in the FTSE 100 buggered up the rest of my portfolio today, but this profit allowed me to nibble away a big chunk of the paper deficit
Now for the quandary - I've never had a profit this big on a share before. There's such a massive temptation to sell it and bank the cash - it would blitz my performance stats.
However, this is a deep purple share and it remains deep purple even with this share price, which means I would buy at this price. It doesn't go into light purple until the share price hits 800p, and that's with the GVC only profits. Profits could more than double after the merger so this could stay deep purple for some time.
I think I'll hang on to them...
Meanwhile I accidentally bought another 9187 shares in FAST:Fastnet Equity for 2.7p costing £260. I say accidentally, because I had only added the money to my account for a speculative purchase of SAT:Satellite Solutions after reading an article about them doing a deal with BT to supply satellite broadband. I left a limit order, but it got zapped by all the other people that had read the same article and forced the price higher than I was willing to pay.
I should have put the money back in my bank account, but I've got a feeling about Fastnet. Anyone with the sense to get out of oil when they did must have the sense to invest the resulting capital in something worthwhile. Although I've only invested a small amount, I've ended up with 14,695 shares. I'd need it to rise to 10p to make £1,000 which isn't going to happen in a hurry, but it may happen if they invest in something good, so I shall watch with interest.
I invested everything from that sale in GVC:GVC Holdings, one of only 4 deep purple shares on my spreadsheet, taking my holding to 749 shares.
Yesterday they merged with BWIN:Bwin.Party Digital Entertainment and their shares surged.
Today they were admitted to the main market of the Stock Exchange and their shares surged by another 9%
So in just a few days they have gone up 25% and are sitting with £682.39 profit - it's amazing!
After the doom and misery of January, February is a much brighter place.
Tragically a 2.3% fall in the FTSE 100 buggered up the rest of my portfolio today, but this profit allowed me to nibble away a big chunk of the paper deficit
Now for the quandary - I've never had a profit this big on a share before. There's such a massive temptation to sell it and bank the cash - it would blitz my performance stats.
However, this is a deep purple share and it remains deep purple even with this share price, which means I would buy at this price. It doesn't go into light purple until the share price hits 800p, and that's with the GVC only profits. Profits could more than double after the merger so this could stay deep purple for some time.
I think I'll hang on to them...
Meanwhile I accidentally bought another 9187 shares in FAST:Fastnet Equity for 2.7p costing £260. I say accidentally, because I had only added the money to my account for a speculative purchase of SAT:Satellite Solutions after reading an article about them doing a deal with BT to supply satellite broadband. I left a limit order, but it got zapped by all the other people that had read the same article and forced the price higher than I was willing to pay.
I should have put the money back in my bank account, but I've got a feeling about Fastnet. Anyone with the sense to get out of oil when they did must have the sense to invest the resulting capital in something worthwhile. Although I've only invested a small amount, I've ended up with 14,695 shares. I'd need it to rise to 10p to make £1,000 which isn't going to happen in a hurry, but it may happen if they invest in something good, so I shall watch with interest.
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