SIPP PROGRESS

Current Value (As at 8th November 2021) = £307,654including cash

Value at 8th November 2021 = £307,654
Target for 8th November 2022 = £359,355
Target for 31st December 2021 = £300,000
Value of SIPP at commencement of this blog on 1st August 2012 = £51,684.02.

Capital Growth is equivalent to 12.905%pa since Aug 2012 (not including monthly contributions and occasional deposits).


Wednesday 30 May 2018

30th May 2018 update

Current holdings in the SIPP
British Aerospace (BA.)  holding now = 1404 (n/c no change); Value = £8,991
Bango (BGO) holding NIL (sold)
Blackrock Smaller Co IT (BRSC) holding now = 1181 (n/c); Value = 17,701
Croda (CRDA) holding now = 100 (n/c); Value = £4,704
FDM Group (FDM) holding now = 500 (n/c); Value = £5,060 
GB Group (GBG) Bought 345; holding now = 1505; Value = £7,901
GVC Holdings (GVC) dividend reinvestment of 23, holding now = 1390; Value = £13,900
HG Capital Trust IT (HGT) dividend reinvestment of 12, Holding now = 840; Value = £15,793
Homeserve (HSV) holding now = 1040 (N/C); Value = £9,157
JPM Emerging Markets IT (JMG) holding now = 918 (N/C); Value = £7,931
Keywords Studios (KWS) Bought 164, holding now = 455; Value = £7,798
Legal & General (LGEN) holding now = 3444 (n/c); Value = £9,374
Safecharge Group (SCH) Bought 430, holding now = 2430; Value = £7,970
Sage (SGE) holding now = 1520 (n/c); Value = £10,104
Schroders Asia/Pac (SDP) holding now = 1817 (n/c); Value = £8,425
Segro PLC (SGRO) dividend reinvestment of 36, holding now = 2148; Value = £13,966
Senior PLC (SNR) holding now = 2586 (n/c); Value = £8,099
Sirius Real Estate (SRE) holding NIL (sold)
SSP Group (SSPG) dividend reinvestment of 38, holding now = 1224; Value = £7,980
XL Media (XLM) dividend reinvestment of 19, holding now = 2019; Value = £3,311
Cash: holding now = £1,150
Portfolio Value = £169,321

Couple of major changes, with the remaining holding in Bango (BGO) sold and the entire holding in Sirius Real Estate (SRE) sold.
Bango has been a real disappointment, and although it may be early days to cut & run, I was unhappy with the comments from founder Ray Anderson at the recent AGM that he did not understand the reason for the recent reduction in the SP - when in January Bango raised cash by placing a large volume of shares at 180 which was about 20% below the then market value.  If someone this involved with the company does not understand what the response will be to various actions taken, then it sounds like the company needs to bring in some new - and more experienced - personnel.
Sirius Real Estate remains a company that should do well in the long run, but after looking at my aspirations for the SIPP for the next 12-36 months, SRE did not really fit the bill. I already have a substantial shareholding in a real estate company in Segro (SGRO) and in the next 36 months I see Segro making substantial gains.

The proceeds of these sales has been moved into the GB Group (GBG), Safecharge Group (SCH) and Keywords Studios (KWS).

With the value of the SIPP now over £169,000; I'm happy to report growth in value of nearly £6,000 in the month of May which is about 3.30%.  The month of May has been a good one, and these months don't come around too often. So while it is great to see, I'm not going to get complacent. 

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