SIPP PROGRESS

Current Value (As at 10th May 2017) = £134,850 including cash
Target for 31st December 2017 = £153,000
Value at commencement of this blog on 1st August 2012 = £51,684.02.
Monthly contributions since commencement of blog = 36mths @ £300 plus 21 months @ £750 = £26,550
Capital Growth = £134,850 less (£51,684.02 + £26,550) = £56,600+

Thursday, 5 December 2013

AZEM accept bid from MERCK

What a result for the SIPP.
Merck have come in with a £1.60bn offer for AZEM, or 403.50 per share.
That has lifted my 2000 shareholding, bought at an average of 330, into profit by almost £1500. I have sold my shareholding and banked the profits to reinvest again.

Currently,  I'm building up shareholdings in some investment trusts while I seek out another potential bid target. These are:-

Herald Investment Trust
and
BlackRock World Mining Trust

As the economy picks up, I'm expecting bids for Optimal Payments plc and International Personal Finance,  both of which are strong, profitable companies operating in niche markets.