Tuesday, 20 September 2016

Near Miss on the Next Milestone

Oooooh - I was so close to hitting my next milestone just one day after moving into the black.

Putting today's price changes into my spreadsheet I got to GVC:GVC Holdings and upped the bid price by the amazing 47.5p (6.6%) to 770p causing the portfolio value to soar and the ISA/share account combo to go into the black.

All I needed to do was maintain the performance down the rest of the portfolio.

My jubilation was short lived, as I got to KIBO:Kibo Mining and entered the 0.5p (5.1%) drop to 9p. This wiped out £350 which was more than the GVC gain and sent them back into the red. Although upsetting, it did make me realise that a 1p increase in this share would be worth £700. I just need it to increase enough that 1p isn't a big percentage, as this would be a pleasant regular occurance.

A 6.2% increase in TLOU:Tlou Energy, 4.2% increase in PAF:Pan African Resources and 3.3% increase in IQE:IQE almost made up the gap, but AFPO:African Potash was down 11.1%, IOG:Independent Oil & Gas was down 3.6% and lots of little declines in my FTSE shares mean the deficit is still £280.

So, almost £200 taken off the deficit in a day, and a reasonably good day for the SIPP means an improvement of £280 in the overall picture to £1,384 in the black.

I'm hoping today's Kibo drop was an attempt to flush out sellers. If the 0.5p is put back on tomorrow, then I'll be reporting hitting my next milestone after work.

Meanwhile I'm getting increasingly excited by IQE:IQE. I think these are due a serious re-rating and wish I'd discovered them a long time ago. Could they be the next ARM:ARM Holdings? I need to find a way to get some more. Unfortunately I'm running out of shares with a loss I'm willing to take, and all the ones in profit are keepers. Let's see what tomorrow brings...

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