Current Value (As at 31st July 2018) = £174,203 including cash
Target for 8th November 2018 = £183,474 (see Projected Growht page)
Value of SIPP at commencement of this blog on 1st August 2012 = £51,684.02.
Monthly contributions since commencement of blog = 36mths @ £300 plus 34 months @ £750 = £36,300
Capital Growth is £174,203 less (£51,684+£36,300) = £86,219

Monday, 12 August 2013

Weekly update 12th August 2013

This blog is simply a "diary" of the trades on my SIPP.
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.

Fair progress from the SIPP in the past week, and it opens this morning with a value of £63,532.79 including cash of £4,858.26. Although the SIPP value is up almost £560 in the week, £300 of that is the monthly contribution added on 7th August.

There have been a couple of disappointments which should (hopefully) be only short-term; Ashtead Group (AHT) ended the week down 30 to 676 although, this morning, the share is up 5 and I'm expecting last weeks correction to be quickly recovered. AHT is riding on the crest of a wave currently on the back of what looks to be only a tentative recovery in the US. If that recovery gets stronger, who knows where the share price will end up.

Imagination Technologies Group (IMG) looks to have finally bottomed-out at 234 (down from a 12-month high of 645 on  9th Sept 2012) and is at 246 this morning. Given the amount of assets and cash held in relation to the market capitalisation value, I'm surprised that there isn't buyout speculation about this company. As such, I'm looking at this as a long-term recovery play.

The best performer of my holdings was Mitchells & Butlers (MAB) and with the good weather set to continue (and, with it, spending in restaurants and bars increasing in most surveys) there should be more to come.

Don't forget, on the 15th August, AZ Electronic Materials (AZEM) release Interim results.

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.

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