SIPP PROGRESS

Current Value (As at 16th December 2024) = £266,230including cash

Highest Value (as at 8th November 2021) = £307,654
Target for 8th November 2024 = £275,000
Target for 8th November 2025 = £310,000
Value of SIPP at commencement of this blog on 1st August 2012 = £51,684.02.

Monday, 2 July 2018

30th June 2018 SIPP update

Current holdings in the SIPP
British Aerospace (BA.) sold 673 shares, holding now = 731 ; Value = £4,727
Blackrock Smaller Co IT (BRSC) holding now = 1188 (n/c); Value = £18,134
Croda (CRDA) holding now = 100 (n/c); Value = £4,803
FDM Group (FDM) holding now = 500 (n/c); Value = £4,880 
GB Group (GBG) holding now = 1505 (n/c); Value = £8,954 - up 12%
GVC Holdings (GVC) holding now = 1390 (n/c); Value = £14,595
HG Capital Trust IT (HGT) holding now = 840 (n/c); Value = £16,254
Homeserve (HSV) holding now = 1040 (N/C); Value = £9,350
JPM Emerging Markets IT (JMG) holding now = 918 (N/C); Value = £7,729
Keywords Studios (KWS) holding now = 455 (n/c); Value = £8,099
Legal & General (LGEN) div-reinvestment of 136, holding now = 3580; Value = £9,519
Safecharge Group (SCH) div-reinvestment of 34, holding now = 2464; Value = £8,623
Sage (SGE) holding now = 1520 (n/c); Value = £9,627
Schroders Asia/Pac (SDP) holding now = 1817 (n/c); Value = £8,212
Segro PLC (SGRO) holding now = 2148; Value = £14,378
Senior PLC (SNR) div-reinvestment of 39, holding now = 2625; Value = £7,970
SSP Group (SSPG) holding now = 1224; Value = £7,760
XL Media (XLM) Bought 1000 shares, holding now = 3019; Value = £3,094
Cash: holding now = £5,335
Portfolio Value = £172,094

Despite the dividend reinvestment, and the significant SP gains GBG, the SIPP is effectively treading water this month. We could be entering a period of consolidation over the summer months, during which I will be seeking to accumulate some cash (from sales of companies that may have hit a plateau) and from SIPP contributions.
Sage (SGE) has been disappointing this year, and I'm not sure that there is possibility for the SP to recover this year, so I am considering reducing my position.
The holding in BAE Systems (BA.) is looking out of step with my portfolio.  Although a strong company, and with a good order-book and valuable dividend, the potential for an uplift of the SP isn't obvious as the glut of defence orders from the Trump administration in the USA hasn't happened.
Recent purchase XL Media (XLM) suffered a SP setback with the issue of a profit warning, but I think the correction was significantly overdone.  As such, I have increased my holding and await the recovery, but recent downward moves in the SP suggest that this company is in trouble.
If I follow my own rule to sell-off significant losers, then I should bin XLM, but my exposure is only £3000 so - for now - I am putting a sale on-hold. 

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