GVC Bedded into ISA

I was re-reading my annual portfolio review on Monday night, and got to the bit under GVC:GVC Holdings where I wrote "My biggest regret is that I didn't move them into my ISA"

So why not just bed them into my ISA?

It's a process I haven't tried before, and my concern was losing on spread and commission, or that the price would go up between selling and buying back.

The spread on GVC is minuscule, so there was no worry there. Just the £8.95 commission for buying them back, as Hargreaves Lansdowne don't charge commission on the sell transaction when using the ISA bedding service.

So while walking to work yesterday morning, I carried out the transaction on my mobile phone. I was impressed that the sell and buy emails came within seconds of each other, reducing the risk of the price going up in between.

As per usual, the price of the shares went up during the day, so the spread and commission were almost wiped out and my new ISA holding is making a loss of just 6p. I also have 2 shares fewer than before the bedding, which would have lost about £13. Having 558 instead of 560 isn't a great loss though.

The effect on my performance reporting at weekend will be dramatic. The sale made a £1,499 profit, which will go into week 1 of year 2, so the projected annual profit for year 2 will be potty. On the downside, my paper loss on the portfolio will increase by the £1,499 too. So basically nothing has happened, but on my accounts it looks like lots has happened. Interesting!

Fortunately my increased loss was immediately reduced by my nemesis share AFG:Aquatic Food leaping by 41% after appointing a new Finance Director with huge pedigree. Clearly the doubters that Aquatic Food are for real are slipping away now, so I may be looking for a new nemesis share. My loss is still over £600, so it won't be losing the title just yet.

This morning saw some exciting news. LOOK:Lookers are selling their car parts business for £120 million to focus on car sales acquisitions. This should help the share price of my worst performer, and candidate for nemesis share if Aquatic Food losses reduce further. Currently Lookers is losing £839.

KIBO:Kibo Mining have announced a new joint venture on a gold mine which will result in a new company being formed, and existing Kibo shareholders will receive shares. I'm excited by that, but the market isn't as the share price has dropped this morning.

Meanwhile HMI:Harvest Minerals which is already up 25% and making potential £203 profit is up 30% today on news that production is expected this year. I'm not sure what to do with this one. It's not in my ISA, and it's already risen by enough to pay for my holiday in Peru - but it has long term value written all over it.

IOG:Independent Oil & Gas is up another 8% today. It's already up 81% and making potential £440 profit on a £545 investment, but happy to say these are safely in the ISA for the long term.

So much happening - it's exciting!