SIPP Porgtfolio as at 1st November 2018

October 2018 has been the worst month on record for my SIPP since I started managing it for myself in August 2012.  It has been so bad that it has taken me over a week to get my head around what's happened to be able to write this blog..

Current holdings in the SIPP (valies as on the morning of 1st November)

British Aerospace (BA.) holding now = nil : SOLD

Blackrock Smaller Co IT (BRSC) holding now = 1200 (n/c); Value = £15,600

BP (BP.) Bought 785 shares; holding now = 3850; Value = £21,860 

FDM Group (FDM) Dividend 11 shares; holding now = 866; Value = £7,395

GB Group (GBG) Bought 383 shares; holding now = 2941; Value = £15,058 

Genus (GNS) holding now = nil : SOLD

GVC Holdings (GVC) Bought 390 shares; holding now = 1780; Value = £16,794

HG Capital Trust IT (HGT) holding now = 840 (n/c); Value = £16,464

Homeserve (HSV) holding now = 1526 (n/c); Value = £14,527

Keywords Studios (KWS) Bought 481 shares; holding now = 1260; Value = £17,338

Legal & General (LGEN) Dividend 118 shares; holding now = 6618; Value = £16,631 

Safecharge Group (SCH) holding now = nil : SOLD

Segro PLC (SGRO) Dividend 23 shares; holding now = 2623; Value = £16,131

Cash: holding now = £813

Portfolio Value = £158,613 (was £171,247)  DOWN £13,384 (including £750 monthly contribution) or 7.78%

All the major transactions in the period took place after the major market moves down, as I started the position the portfolio into what I hoped to be a recovery mode.

Those companies that I thought would not recover quickly in the short-term: British Aerospace, Genus, and Safecharge; were sold off completely.  The funds that came available were invested into BP, GB Group, GVC, and Keywords Studios.

As per last months comment, I'm still fairly hopeful of the BP shareprice (SP) topping 600, but this may not happen until Jan/Feb.
GVC is investing heavily in the USA and when this starts to come together, I can see this company growing considerably - although I expect it to be taken over by a major US company before then.
GB Group is very profitable and it's business in internet security is growing very fast - I took the share weakness due to the market weakness as a buying opportunity.
The same goes for Keywords Studios, although this company may require a bit longer to get back on track.