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.

End of year report for 2014

The value of the SIPP at the time of writing is £75,780 which is well down on my target for 31st December 2014 of £86,000 - but it is still up £5,380 for the year. If we take away the 12 monthly contributions of £300, and we are left with "growth" of just £1,780, or just 2.50%.

Currently, the SIPP portfolio consists of:-
Booker (BOK) : 4,500 shares valued at £7,080 (approx)
Fidelity Asian Values IT (FAS) : 1,337 shares valued at £3,250
GlaxoSmithKline (GSK) : 620 share valued at £8,800
International Personal Finance (IPF) : 2,000 shares valued at £8,700
JPMorgan Emerging Markets IT (JMG) : 600 shares valued at £3,600
Jupiter US Smaller Companies IT (JUS) : 500 shares valued at £3,400
Optimal Payments (OPAY) : 4000 shares valued at £13,950
Scapa Group (SCPA) : 2,080 shares valued at £2,740
Segro (SGRO) : 1,140 shares valued at £4,440
Telit Communications (TCM) : 850 shares valued at £1,900
XChanging (XCH) : 1,740 shares valued at £2,670

That balance is cash of £15,183.86