SIPP PROGRESS

Current Value (As at 30th May 2018) = £169,321 including cash
Target for 8th November 2018 = £186,000
Value at commencement of this blog on 1st August 2012 = £51,684.02.
Monthly contributions since commencement of blog = 36mths @ £300 plus 32 months @ £750 = £34,800
Capital Growth is £163,200 less (£51,684+£34,800) = £76,716


Thursday, 5 December 2013

AZEM accept bid from MERCK

What a result for the SIPP.
Merck have come in with a £1.60bn offer for AZEM, or 403.50 per share.
That has lifted my 2000 shareholding, bought at an average of 330, into profit by almost £1500. I have sold my shareholding and banked the profits to reinvest again.

Currently,  I'm building up shareholdings in some investment trusts while I seek out another potential bid target. These are:-

Herald Investment Trust
and
BlackRock World Mining Trust

As the economy picks up, I'm expecting bids for Optimal Payments plc and International Personal Finance,  both of which are strong, profitable companies operating in niche markets.


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