I'm really happy I sold my SIPP IQE:IQE holding, as it has allowed me to massively increase my OPTI:Optibiotix holding, and that has increased more than IQE:IQE since I did the switch.
However I've been troubled ever since as my intention was to increase IQE:IQE rather than reduce.
I've been toying with selling something to fund some more, and put that into practice today.
I finally got rid of BDEV:Barratt Developments which is one of my oldest shares but has been making a loss since I bought them, particularly after Brexit. Today I sold my 100 shares for 625.13p making a loss of £59.42 (8.4%), but when you include dividends, my loss was only £1.12. I'm just glad to get shot of them - house builders are so volatile I find them too stressful to own. That liberated £613.18 towards my master plan.
Next I sold my share account holding of KIBO:Kibo Mining for 5.455p after buying them for 4.98p. Those 33,076 shares made me a small £95.54 (6.6%) profit. I still have 38,000 of these in my ISA but I paid 6.8p for those, so have a long way to go before they get in profit. This sale liberated £1,792.35. I believe in this company, but it is a high risk project and there's always a nagging doubt over the future of coal with the rapid rise in renewable energy, and there's no sign of getting free KAT:Katoro Mining shares in the near future, so IQE:IQE is a better bet I think.
My plan was to transfer the shares into my ISA when the settlement date arrives on Monday, so I'll be ready to strike on Tuesday if the interims trigger a big crash in IQE:IQE share price like they did after the last set of final results. Revenues are not that massive at the moment, even though potential revenues are vast, so this could trigger a wave of disappointment. Alternatively the outlook will be so rosy that the price soars, in which case I'll celebrate the increase in my current holding and buy something else instead.
I have changed my plans slightly. I now intend to transfer the cash to my SIPP, as £2,400 will generate £600 revenue from the taxman and I don't need to get at this cash in a hurry.
Today was a great day with nearly everything blue. Good job, as yesterday the combined portfolios were down over £1,200 on last week, whereas today they are £113 up. Let's hope for another good day tomorrow to stay in the black, and then it's a waiting game until Tuesday when I find out if I get a chance to buy some more IQE:IQE.
No comments:
Post a Comment