Another sale has been Segro (SGRO) which is just off it’s
52-week high of 414, and I’ve decided to trim my holding down to 900 shares and
bank some profits.
New additions to the SIPP portfolio are:-
GVC Holdings (GVC)
which includes Sportingbet amongst its portfolio of assets. The company looks
set for a re-rating as profits are rising and the dividend yield is over 8%.
Lavendon Group (LVD)
is a supplier of construction equipment which is growing in market share in the
Middle East. Presumably, because of the slide in oil price, this share has also
slid from 247 down to 160-170 where is appears to be holding. With a good
Annual Report expected, this share could be set for a significant short-term
re-rating.
Overall, the SIPP portfolio is looking fairly healthy with a
current value of £76,760 of which £15,691 is in cash thanks to the sale of the
Booker Group shareholding.
With the gamble of a unbelievably large cash injection into
the EU countries by Mario Draghi, and the Greek election result which should
see a renegotiation of the austerity measures holding back the European
economies, I’m hopeful that economies will spring to life in the coming months.
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