Today has been a truly remarkable day, with the majority of my key holdings ending blue and the combined portfolios soaring back into the black, with a buffer of £1,180.
I have had similar buffers wiped out in a day before, and the fact it only took a day to generate also points to the risk of it being ephemeral.
Today's price rises mean there has been a change in Nemesis Share. OPTI:Optibiotix has rewarded my faith and all the 64p top-ups by climbing to a bid price of 70p. Last week this was firmly ensconced as Nemesis Share with a £2,681 paper loss.
That was last Wednesday.
Today the loss is reduced to £635 and nowhere near Nemesis Share. With the value rising by £200 for every penny the share price rises, I suspect it may be contending for Star Share soon.
There are three shares performing worse than OPTI:Optibiotix.
LOOK:Lookers is losing £636 so is marginally worse, although you could argue that with £42 dividends this one is beating OPTI:Optibiotix, but showing absolutely no sign of recovering from the post-Brexit slump.
Basket case AFPO:African Potash is second to bottom of the pile, losing £714 and given it's close to going bust is unlikely to be in the portfolio much longer.
So the Nemesis Share title returns to KIBO:Kibo Mining, with paper losses of £814. I'm convinced these are under attack the same way as OPTI:Optibiotix are, but I'm anticipating a rise up to the launch of KAT:Katoro Mining on 23rd May in case that turns out to be the ex-date for free shares. This won't be Nemesis Share for long and climbed 5% today.
I have to mention Star Share, because IQE:IQE is absolutely staggering. It just won't stop going up! Today saw a 6.3% climb, taking the profit in my ISA to 137% and my SIPP to 48% and a total paper profit of £3,967. I can't believe that I nearly didn't buy them for my SIPP as I thought they had peaked. It was the global dominance in a field with high barriers to entry and soaring worldwide demand for its products that convinced me. Not unlike OPTI:Optibiotix! Every 1p rise in IQE:IQE is worth £121, and it's averaging more than that every day.
Last time I was this upbeat it all came crashing down around me. I really hope that doesn't happen this time...
Hi Speccy, what is your view on the quality of the fixed assets of IQE - I've noted your stellar investment in this one and was wondering the same thing - have I missed the boat?
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Hi
DeleteIt's really difficult to say. I was nervous about buying the ones in my SIPP at 47p because I thought it had reached fair value for current earnings, but until the slight re-trace at the end of last week it just kept climbing.
I would like to increase my holding here, but am reluctant to at he current price. However, that's from the position of being invested already. I don't know what I'd do if I was looking to make an initial investment.