During
2018, in managing the SIPP I have endeavoured to maintain a fair spread of
holdings to alleviate risk and (hopefully) seek value, but sometimes this
spread brings in holdings which although not losers, are not performing as well
as expected. As such, they affect the overall performance of the portfolio and
- if the portfolio is to hit the annual 15% growth target - then other holding
have to do even better to compensate.
There are
2 holdings within the portfolio that I’ve held for some time that have
underperformed in the past 12 months, and they are both Investment
Trusts:
JP
Morgan Emerging Market IT (JMG) and
Schroders
Asia-Pacific IT (SDP).
In the
past year they have grown barely 5% and that has been a hindrance to the
performance of the SIPP. As such, I’ve decided to sell-off both of these
holdings and have reinvested the proceeds in other companies held in the
SIPP.
As I
wrote last month, I have also sold-off my entire holding Senior (SNR) as
I thought this company had gone as far as it could in the short term.
Overall,
the month of August has not been a great one for the SIPP, the value remains
approximately unchanged at around £174,000 as while some holdings have done
well – GBG has gone from 540 to 620+ and KWS has
gone from 1818 to 2000 – some holdings have lost ground.
This
month, I have increased holdings in
GBG (bought an extra 1050 shares);
HSV (bought an extra 476 shares);
and KWS (bought
an extra 324 shares).
I also
made an investment in oil company BP (bought 1500 shares).
I am conscious
that I may have come in a little to late to the BP party as the SP in this
company has improved considerably in the past 2 years. However, the rally looks
like being sustained on the back of improved profits as oil prices continue to
rise. I am also hopeful that BP will make the move into more sustainable
areas of energy generation.
Sage (SGE) has
been particularly disappointing as this time last month I thought we were on
our way to 700+. Little did I know that the CEO was about to be shown the
door – apparently this was a friendly departure from the company, but he still
leaves with immediate effect. If I had not already made my share purchases and
emptied my “bank” in the process, then I would have topped-up my holding in
SGE, but at this time I’m having to consider whether to sell other elements of
the SIPP to provide funds or plough-in the balance of my small cash holding.
Current holdings in the SIPP
British
Aerospace (BA.) holding now = 731 (n/c); Value = £4,428 (down £362)
FDM Group
(FDM) holding now = 855 (n/c); Value = £8,037 (down £85)
GB Group
(GBG) Bought 1050 shares; holding
now = 2555; Value = £15,918
Genus
(GNS) holding now = 160 (n/c); Value = £4,563
GVC
Holdings (GVC) holding now = 1390 (n/c); Value = £15,304 (down £949)
HG
Capital Trust IT (HGT) holding now = 840 (n/c); Value = £16,212 (UP £252)
Homeserve
(HSV) Bought 476 shares; holding
now = 1526; Value = £15,870
JPM
Emerging Markets IT (JMG) holding now = nil : SOLD
Keywords
Studios (KWS) Bought 324 shares; holding
now = 779; Value = £15,580
Legal
& General (LGEN) holding now = 6500 (n/c); Value = £16,510 (down £578)
Safecharge
Group (SCH) holding now = 2464 (n/c); Value = £7,761 (down £246)
Sage (SGE) holding
now = 1532 (n/c); Value = £9,091 (down £419)
Schroders
Asia/Pac (SDP) holding now = nil : SOLD
Segro PLC
(SGRO) holding now = 2600 (n/c); Value = £17,170 (down £114)
Senior
PLC (SNR) holding now = nil : SOLD
Cash: holding now = £1,069
Portfolio
Value = £173,433 DOWN £770 or 0.44%
No comments:
Post a Comment