Further consolidation

Over the weekend I resolved to increase my holdings in two of my favourite potential growth companies.

First I sold my shares in MMX:Minds & Machines which have been very disappointing, particularly following their recent report of a loss. I did lose £40.40 which is 3.9% but I wanted to liberate the £1,081 to spend on something with a bit more promise.

I used this to increase my holding in AMYT:Amryt Pharma. The shares have dropped relentlessly since the reverse takeover, from 24p to 17.5p losing me lots of money. I still believe with the strength of the directors and a product ready for market, this is insanely cheap. I bought another 5,826 shares at 17.01p costing £999.95, taking my total holding to 16,432 shares at an average of around 20p. The price fell a bit further today, so my total loss stands at £614. One of my worst performing shares, but I still believe it will become one of my best.

My next consolidation was in CWR:Ceres Power Holdings. I already have 24,927 in my SIPP costing £1,398. These are doing remarkably well, up 62% from when I bought them at 5.52p and making £882 profit. The new batch cost 9.29p each and I bought 11,549 costing £1,081.85. I want more of these after reading the details of the new Honda hydrogen powered car, which I'm pretty sure is powered by a Ceres power pack.

I paid for these with £1,000 loaded into my ISA from my current account. I can't afford £1,000 so I reluctantly sold 189 of my GVC:GVC Holdings shares from my share account for a £236 profit (27.5%). That still leaves me with 560 shares, and sod's law dictates that the price went up by 6.5p after I sold them, which would have been worth about £100, rather than Ceres which stayed still. I think GVC will continue to rise, but long term Ceres will rise quicker and more spectacularly, so it was nice to take some of the profits from the GVC success so far. As soon as these clear, I'll transfer the cash back to my current account.

On one hand the taking of profits has made the monthly cash profit absolutely fantastic, taking it to £413 a month which is a 13.4% return. On the downside, the falls in prices plus the removal of profit has hammered the paper performance, with the main portfolio down by £4,200 which is 11.4%. It does mean my gains are bigger than my losses, but I desperately need to turnaround some of my big losses, with four shares alone contributing to £2,487 of the loss.

My new consolidation strategy will continue, as some of my laclustre shares get into profit I will sell them and increase my holdings in CWR:Ceres Power Holdings, AMYT:Amryt Pharma, OPTI:Optibiotix and TRX:Tissue Regenix. These are all sound companies with products that are just ready for commercialisation and which could have gigantic worldwide markets. I may of course be wrong, but they all seem to be on sound financial footing, so I believe they have a strong future.