I decided to make a few changes this week. I had been watching some commodity stocks slipping downwards and decided now was the time to strike, and fingers crossed the timing was just right.
First I wanted to get some more cash in my ISA. I had enough to load £650 from my current account on Monday, as well as some dividends I could transfer, so I bought SLP:Sylvania Platinum. I already own about £2,000 worth of JLP:Jubilee Platinum, but they are not actually producing platinum yet and are not affected by platinum price rises. With the platinum price starting to sneak up, I wanted to find an under-valued producer. I think Sylvania is the share I've been looking for. They have been cutting costs, so should be able to turn in a decent profit and are talking about paying dividends. I bought 10,065 at 7.125p costing £726.08.
In order to finance this I sold the SGRO:Segro shares that were in my standard share account, and transferred that back to my current account. I only made £15.56 (2.4%) but that nearly doubles with the £12.72 dividend, and I only held them for a very short time. I still have 225 of these in my ISA for the long term.
Next I bottled it with my SPD:Sports Direct shares. They climbed 5% on the day of the parliamentary hearing, but the headlines were rife with tales of big fines, and the reason I'd bought the shares was that they would make decent profits over the summer from Euros and Olympics. If those were zapped by fines I would get nowhere. Although the price I sold them was higher than I paid, I did lose £4.60 (0.8%). I don't really care, because I used the capital to get back into PAF:Pan African Resources. One of my best performing shares in the past and due to pay a big dividend in October. I bought 6,999 shares at 14.935p plus £5.23 stamp duty costing £1,059.48. Since then Sports Direct have dropped on both the last 2 days whereas Pan African have risen enough to clear the 2% spread and buying and selling commission and leave me £13.41 in profit.
Next I finally got shut of my PTEC:Playtech shares. These were one of the first I bought, but plummeted after two acquisitions fell through. I've been waiting for them to do something with their cash ever since, but have run out of patience. They kept almost getting back into profit, but I ended up selling for a £38 (4.8%) loss.
I have been watching HMI:Harvest Minerals for some time. They are about to start producing potash in Brazil and will be my 3rd potash share. They seem to be targeted by pump-and-dump activity, but I think look like a reasonable long term company anyway. They had just dropped from a recent spike, so I thought this might be their bottom point. I kept the Playtech money in my standard account, with the intention of buying these short term and taking out any profits in August to pay for my holiday. I bought 17,273 shares at 4.7p costing £820.78. Yesterday they rocketed by 20% which covered commission, the 5% spread and left me in profit. Unfortunately today they dropped 10% and so I'm down on the spread and losing £55. Keeping my fingers crossed this will give me some profit to help pay for my holiday, as AVM:Avocet Mining certainly won't be in profit by then, which was my initial attempt at getting holiday cash.
Tomorrow my automatic monthly SIPP investment in JLG:John Laing Group kicks in which will raise the portfolio cost by £160 and take it past £49,000 overall for another "Woohoo!" Getting so close to the massive milestone of £50K...
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