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


Tuesday, 26 September 2017

4th Quarter SIPP re-structuring

As we enter the 4th quarter of the year (Oct-Dec) I've decided to restructure the SIPP in preparation for the next 6 months - a period which could result in significant movement due to the ongoing Brexit negotiations, the weakness of the Conservative government, and the volatile environment being created by the Trump administration in the USA.
In relation to the latter, I've decided to sell the shareholding in Pacific Assets Investment Trust and move the proceeds (£4,700) into my other Asian/Pacific investment trusts; that is Schroder Asia Pacific Fund, and JPMorgan Emerging Markets IT.
I've become very disappointed in the performance of GlaxoSmithKline and so I've dispensed with the entire holding and decided to reinvest the proceeds (£5,800) into my existing holdings in HG Capital Trust, G4S, and Legal & General Group.
Finally, in anticipation of losing my exposure to internet finance via Paysafe, I've purchase a small initial holding in Bango.

Although I am disappointed with the value of the bid for Paysafe (590 per share), and I've voted against accepting the offer, I'm anticipating the takeover going ahead and that the funds involved (£35,000) will require reinvesting very soon. That's why I'm buying into Bango (BGO).  This is the 2nd time that I've invested in the company, as I was a shareholder for a few months in 2013 (March to May) buying-in at an average of about 220p a share and selling at 176p resulting in a loss of about £250. Unfortunately I jumped in with the last spike in the shareprice, but quickly realised that it was a false dawn as the SP dropped to 35p in April 2016. Fingers crossed, the company has a bright future with contracts agreed with Amazon and Google Play.

I have also (temporarily) moved out of Bitcoin. The price of Bitcoin has fluctuated between US3200 - US4000 recently and until I know which direction it is going I am sitting on the sidelines.

The current holdings (as of today 25th September 2017) are:
1) BAE (BA.) : 1115 shares valued @ £ 6,996
2) Bango (BGO) : 555 shares valued at £1,443 (new purchase)
3) BlackRock Smaller Co IT (BRSC) : 1181 shares valued @ £14,644
4) G4S (GFS) : 3280 shares valued @ £8,928
5) GVC Holdings (GVC) : 1031 shares valued @ £8,670 (UP £510 from £8,160)
6) HG Capital Trust (HGT) : 338 shares valued @ £5,577
7) ICG Enterprise Trust (ICGT) : 730 shares valued @ £5,438
8) JPMorgan Emerging Markets (JMG): 907 shares valued @ £7,451
9) Lancashire Holdings (LRE) : 1215 shares valued @ £7,441
10) Legal & General (LGEN): 3405 shares valued @ £8,713
11) Paysafe (PAYS) : 6000 shares valued @ £35,400 (bid of 590p per share)
13) Sage Group (SGE): 931 shares valued @ £6,451
14) Schroder Asia-Pacific (SDP) : 1795 shares valued @ £7,664
15) Segro (SGRO) : 1607 shares valued @ £8,533
16) Senior (SNR) : 1574 shares valued @ £4,238 (UP £200 from £4,112)

Cash @ £10.092
SIPP Value = £147,679 (DOWN £6,428)

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