The intention is to detail what I've bought and sold, and provide a brief explanation as to why. You should be aware that this is not a share "tipping" site. I will make no recommendations to buy or sell shares as I am not regulated to do so by the FSA. I will simple state what I have already bought and sold personally. You should ALWAYS do your own research and come to your own decision on share trades. If you follow my trading and lose money you only have yourself to blame, and not me.
There was a lot of down-beat news on bookmaker Ladbrokes yesterday following a cool reception of latest figures by the brokers. This seems to have affected William Hill who, despite releasing figures last week that suggested they were a good prospect, have dropped from a "high" of 494 on 1st August to 444 this morning.
As such, I've decided to increase my holding in bookmaker William Hill (WMH) by 250 shares at a cost of £1,121.72 taking my holding to 1000 shares. The Premier Football season is about to start and I'm expecting with the arrival of Jose Mourinho at Chelsea that there will be increased competition amongst the top-4 teams, with a consequential increase in betting turnover.
Next week on the 15th August, AZ Electronic Materials (AZEM) release Interim results, and I am hoping that they will be better than expected. Why? Because the company remains at the forefront of its market and, with economies starting to climb out of recession, demand for their products should be on the increase.
As such, I've doubled my shareholding buying 1000 shares at a cost of £3,274.55 taking my holding to 2000 shares.
My cash reserve is now reduced to £4.858.
Current SIPP value (including cash) = £63,280
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments being undertaken when investing in a Pension (SIPP). This blog is not personal advice, but is a record of the authors own investments.