This morning I decided to sell my WLG:Wireless Group shares. They rocketed on the announcement of the News Corp takeover, and the thought of selling for 309p now rather than wait two months for 315p drove me to action.
So, while sipping coffee at Greggs as I waited for my exhaust to be fixed, I used my mobile phone to flog them for £230 (63.6%) profit. Shame I didn't buy more of them in the first place, but it's one of my first shares and it's done pretty well.
I immediately re-invested the lot in SLP:Sylvania Platinum. My ISA holding was at £65 profit at the time, and with results out soon and possibly a maiden dividend and platinum price through the roof, this share seems chronically under-valued. I bought 6,137 at 8.69p costing £542.26, so my total investment is now 16,202 shares costing £1,268.34. Frustratingly the price dropped during the day so the combined holding is now at a £77 loss, but if it goes back to where it was this morning it will be in profit, and I firmly believe it will go significantly higher.
It was mostly a miserable day today, with the house builders getting hammered again. It wasn't all doom and gloom though, as KIBO:Kibo Mining is slowly sneaking upwards and is now £234 in profit before even getting started on the mass of news about to break. It's two weeks away from announcing details of a joint gold mining venture, and a whole raft of reports are due on the coal to power project, along with financing.
The most spectacular rise today was TLOU:Tlou Energy, which climbed 27.3% and is making £94 profit already. That's with a 5.25p share price, but brokers are forecasting a 24p share price, which would give me a £2,500 profit on my £500 investment. That would be nice! Today they announced backing for a power station five times bigger than the one initially proposed. Bring it on!
This evening I looked closely at my SIPP. I purchased my only American stock as my initial SIPP investment. This was AA:Alcoa, bought with the mistaken belief that the future was aluminium-air batteries. As I've done more research into batteries, and invested in other battery and power pack companies, I've now decided aluminium-air isn't the future. I was excited about the prospect of Alcoa splitting into two companies, but also irritated I had to log onto my account to see what the price actually was, as it's traded in dollars. I decided it was time to sell, and cashed in a £60 (7%) profit. This liberated £857, and added to the tax rebate lurking uselessly in my SIPP gives me £940 to go shopping tomorrow morning.
I already know what I'm going to buy - a share that I think is on the verge of spectacular greatness. Details of that after the deal is done in the morning...
No comments:
Post a Comment