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, 26 January 2015

Profits taken on Booker Group

After a good run, I’ve decided to take a substantial profit on Booker Group (BOK) and sell-off my entire holding. The dividend potential wasn’t great, and my opinion is there is not much more growth (if any) to come in the short term, bar keeping pace with the market.

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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