Yesterday saw a bit of a sell-off. I disposed of some shares that were either not performing terribly well or where I'd rather have them in my ISA and happy to take some profit and reduce my holding a bit.
First to go was the rest of my TSG:Trans Siberian Gold shares. I held onto 1,000 when I sold the rest, with the aim of getting my initial investment back and keeping the profits as "free" shares. However, they've been dropping like a stone and I need the money for something else. The 1,000 sold at 32.55 making a profit of £132.55 (66.1%), but based on these being the leftovers from the original purchase, the overall profit was £316.55.
Next I off-loaded APC:APC Technology. I'm still intrigued by their "Minimise" subsidiary, but they don't really meet my investment criteria, so I got rid of my 5,700 for 9.15p making £25.41 (4.4%) profit and liberated the capital.
My next luke-warm share to off-load was MMX:Minds + Machines. I had high hopes for these but they seem stuck in a rut. I still hold 12,000 in my ISA but decided to get rid of the 6,000 in my main account for 9p, making a tiny profit of £20.55 (3.2%), but again liberating cash for better things.
The last share I don't want to get rid of, and plan to buy back in as soon as the money is transferred. Unfortunately there's a big spread so I won't buy back as many as I sold, and I want to put some of the profit towards something with better growth potential. I sold 3,000 shares in CMCL:Caledonia Mining for 55.5p making a profit of £474.10 (39.4%). I'll only be able to buy back 1,700, but I'm hoping the share the rest goes towards will do something fairly spectacular.
So, the upshot is that I have £3,200 in my standard share account that I can transfer to my ISA in the morning as I start using up my 2016/17 allowance.
I've already planned what to buy, so watch this space to find out...
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