Small Changes

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My sell limit order for Morgan Advanced Materials plc Ordinary 25p Shares @285p triggered in early March. – Seems to have been a good move as they haven’t followed the rest of the market up.

I am still looking to make some sales and free up some cash.

SSE looks to be slowing so adding a limit order at 1800. Not expecting it to trigger overnight but looking at recent fluctuations it could happen within the next few weeks.

Diploma PLC doing well and encouraging signs, so adding a but limit @3500p to hopefully increase my stake.

Foxtons (FOXT) has been a good earner for me with 40% profit showing but growth has slowed. Looking for a good exit point.

Good to see Barclays (BARC) move back into profit for me. Holding this for now. Climbed 25% since January!

A progress update

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Last months EasyJet sale seems to have been well timed at 571p. It’s slipped back about 30p since and with it’s long term trajectory looking good it might be worth looking to buy back in. I may set a buy order at about 500p

I have always like to follow director buy in’s and My Dad emailed me today with a couple of interesting prospects. Brickability Group Ordinary Shares (BRCK). – They have been rising nicely since September but recently dropped back on news of the demand for building materials slowing. Director buy in at 67.5, Currently buy at 65p.

The other is Vesuvius (VSVS) A similar story here with the price dropping back with a slight slow down on the demand for steel. The CFO just bought in at 484p (Current price 476p). Its fluctuating a bit so looking to buy in at 460p.

Limit orders.

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A few limit orders added today for shares and funds I don’t see moving in the immediate term.

Airtel Africa plc ORD USD1 @120p

Gattaca plc Ord GBP0.01 @125p

Morgan Advanced Materials plc Ordinary 25p Shares @285p

A buy limit placed on HANetf ICAV Future Of Defence UCITS ETF USD Acc @750p – Might have missed the boat here but I’ll re-think over the week. I might adjust to 775p as it looks likely to fall back at least a bit after the recent steep climb. – Exploring a new avenue here but I think likely to be a lucrative area over the coming years.

SIPPING IT UP.

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Well it’s been not so Daily trading for me over the last few years. More neglecting my SIPP and investments have resulted in my pension and investments moving in the wrong direction!

It’s time for some action. I have plan…

Time to sell off all investments I have in the portfolio that I am not 100% happy with. I’ll do this over the next couple of weeks and publish all of my sold funds and shares here… When I am feeling refreshed and have some cash available, I will start looking for new investments and all my buys and sells will be posted in a brand new trades table for 2024. I’ll try to post trades at the time of making the trade, if not I’ll update soon after. I would love to hear form you, if you think I have made a mistake on something or have something you would like to add – Please feel free to leave your comments!

To start, I sold my EasyJet shares today. – Perhaps too early but the recent price hike left me with a small profit and I may well jump back in if a buy opportunity comes up over the next few weeks. I have a feeling that international travel will really take off again this year…

New trades table

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COVID recovery time? Reinvest?

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So, pleased with my decision to sell off nearly everything before the big crash happened. Not so pleased that due to having my funds tied up elsewhere I was unable to jump back in as soon as I wanted to.

I have made a few buys over the last couple of weeks when I started to see things bouncing back. Some too early I think but I hope will come good in the long term. I bought some Bank shares last week not wanting to miss the lows but I have a feeling some better opportunities will present themselves in the coming months. If I do invest any more in the Banks, it will be a gradual feed in. Buy Limit orders are hand when things are this volatile.

I am still considering the best options for the websites “trades table” For simplicity I think I will create a “DailyTrading account shares” so I can separate from my other investments and document all buy and sells in the account. It works well for me as it keeps me on my toes and back ten years ago I really appreciated all the feedback and from all the websites readers. I am not sure I have any now but if your out there please let me know!

Buys over the last fortnight included BARC (BARC) Lloyds (LLOY), Oxford Metrics (OMG) and Royal Dutch Shell (RDSA)

Coronovirus – Sell or not to Sell

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Yesterday my instincts told me to sell sell sell, So I did. Was this panic selling? – Partly perhaps, but I also want some finances available should the markets really crash.

Busnessing are already starting to be impacted by restrictions on moving goods and travel. Ports are closed in China and businesses throughout the world are already reporting supply chain issues. In my opinion this is going to get worse before it gets better. I can’t see the markets making a quick recovery no matter what stimulus measures are put in place

So the excellent profits that were showing with NMC Health and Future PLC were largely wiped out showing just small profits. Finablr, I considered holding onto a little longer but looking at the markets today, it looks like my decision was a resonable one

Only time will tell if yesterday was a panic moment or a shrewd move!

Kainos Group PLC and Future PLC

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OK so no real commitments on the SIPP yet. In the mean time I have been doing a little share trading. I Bought Kainos Group in November 2019 and now showing a cracking 106% profit. Time to sell?

I have put a buy limit order in for Future PLC at 1140p – Hoping to pick some up today. Looking really positive. – Aquiring new companies, raising dividend payments etc.

I have plans for a new 2020 trading diary. – Watch this space.

SIPP Funds for 2020 What to choose?

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Time to fix my neglected SIPP.

Over the last few years I have completely neglected my SIPP. Over the last three years, investments have been predominently funds with a few share buys thrown in when I have seen something I liked the look of. My only recent activity was a bulk sell of nearly all of my Funds and shares in December 2017. I was feeling nervous and had a hunch to sell. This was an excellent move that should have been followed by a re-buy in January when the FTSE had crashed 1000 points but sadly I sat on the cash and watched everything rise back to previous levels. I held some cash for a while before getting back in to everything just before everything dropped again! I think the lesson learned here was not to just jump in and out of managing a fund. Eiether buy and forget or keep on top of whats happening in the world!

This year I intend to do things differently. I want a set and forget strategy that will take me through to next year. I am looking for a handful of promising funds that will do well in 2020.

Time to do some reading! Any ideas?

Reassessment – again

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Since the last post, which was a while back – The Shire (SHP) bet went, surprisingly, according to plan and closed for the targeted profit of £62!

 

Accendo markets succeeded, after much effort on their part, to persuade me to run my spread betting account with IG Index through them. This involved opening a new account, though I was able to transfer the balance from my existing account, so there is no change to this project.

 

Why did I sign up? Firstly there is no cost involved, Accendo no doubt get some sort of cut from IG, but for me it all works and costs just the same. I get a daily dose of reports from Accendo, including technical analysis of the FTSE and a few interesting shares every day.

 

This has encouraged me to use their analysis for a few positions during November, with mixed success. I ran a short on M&S, which I would never have done without their analysis. This was successful, realising a small profit of £34, though as the share went ex dividend during the hold, I had to pay the dividend of £12.40 – (this happens when you run a short as a spread bet), so a net profit of £22. I closed this well short of the Acccendo target when the SP started to show a decided up trend again – a good decision!

£22 isn’t big money, but if you consider I opened the position on Nov 2 and closed it on the 23rd – it’s 2.78% on the £790 risked in 21 days which gives an apr of 46%. Nice – though of course the same calculation works for the losses made in a blink of an eye.

Again, prompted by Accendo analysis I opened what I see as a longer term (March 2013) position in Petra Diamonds (PDL). I have followed this share for three years and have done well with it. So I bought at 365.28 at £3/pt, Stop at 347.28 and limit sell at 420.28 – within the target envisaged. So far it is in profit (£40 as I write).

Following, what I saw as, the logic of Accendo analysis on Gem Diamonds (GEM) didn’t work out and a big (relatively) loss of £59 ensued.

Off my own bat, I misread a fall in Red Rock Resources (RRR) SP as overselling and bought and lost out very quickly as the price continued to fall. A loss to add to the much bigger one on my ‘real’ share holdings. I also won and lost on Dialight (DIA)– my favourite share.

I have had some other successes – notably at last by shorting the FTSE several times – admittedly for very small amounts and have made a few pounds. Accendo technical analysis helped but essentially the current sideways movement of the index seems to indicate certain levels where movement up or down within a fairly clear range was pretty sure. Today’s position was opened at 5917, and went on to show a paper profit of £20+, but retreated to hit the stop that I had advanced and closed at a£7profit. I may reopen the position if the index hits 5922 again. Ditto with Barclays (BARC), though my first attempt hit the stop. Overall profitable though.

So the account now shows three open positions, all relatively ‘long term’ – Kentz, BG and Petra Diamonds. BG Group is hovering around break even, while KENZ and PDL seem comfortably in profit.

The account is still showing a loss since starting, so the initial target is to get back to break even. So far I haven’t grabbed the profits showing, though if the FTSE starts to fall seriously I’ll be sorely tempted no doubt.

Current profit/Loss £-154.72 (Open positions £+63.84)

 

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