SIPP PROGRESS

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


Tuesday, 14 January 2014

SIPP off to a great start for 2014

Having ended 2013 with a SIP value of £70,400, the fund has picked-up nicely and as of today (lunchtime Tuesday 14th Jan) it has a value of approximately £72,900 - that's an increase of £2,200 less the £300 added to the fund myself on 7th Jan. I'd have been happy with that much growth in a month, never mind just 2 weeks.

The main driver has been £OPAY; valued at 351 at the start of the month, this share is now at 424 - an increase of 20% in a couple of weeks. I honestly think this share could have a market value of over £1 billion, which means there is plenty of growth from its current market value of £645 million, basically another 50% and more. It surely must be coming under scrutiny from a couple of major players in the financial markets who are stake-building pending making a bid offer.

I've also increased my shareholding in the Herald Investment Trust (£HRI) and now hold 650 shares. The plan is to reduce my shareholding in Imagination Technologies Group (£IMG) and move that money into £HRI. What is happening at £IMG is anyone's guess. Essentially, the firm is growing well with (according to the December 2013 interim statement) increased revenues of approx £14 million (or 19%) in the 1st-half-year. This time last year the share had a value of 435 which rose to peak at 540 - so why the shareprice is languishing at 178 is beyond me. There is a bit of bid activity going on elsewhere, and I'm sure that this company is currently being looked at by potential suitors.

I've also recently trimmed my shareholding in JPMorgan Mid Cap Investment Trust (£JMF) from 1315 shares to 1140, which was basically just a piece of rebalancing.

The share price of International Personal Finance (£IPF) continues to fluctuate wildly between 480 - 520, and is may be some time (8 to 12 weeks) before this share stabilises and starts rebuilding confidence. Given the efficiency of this company, I have faith that it wont be long before we see the share price above 600 again.

So, onwards and upwards.

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