SIPP PROGRESS

Current Value (As at 12th June 2017) = £139,750 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 22 months @ £750 = £27,300
Capital Growth = £139,750 less (£51,684.02 + £27,300) = £60,766+

Monday, 15 December 2014

Coming-up to the year end

The past few months have been "dodgy" for the SIPP, and this week one of my shareholdings has fallen off the cliff!

The current holdings are as follows:
Investment Trusts
Fidelity Asian Values IT (FAS): 1337 shares
JPMorgan Emerging Markets IT (JMG): 600 shares
Jupiter US Smaller Co IT (JUS): 500 shares
Individual Companies
Booker Group (BOK): 4500 shares
GlaxoSmithKline (GSK): 620 shares
International Personal Finance (IPF): 2000 shares
Optimal Payments (OPAY): 3500 shares
Scapa Group (SCPA): 2080 shares
Segro (SGRO): 1140 shares
Telit Communications (TCM): 850 shares
XChanging (XCH): 1740 shares

Cash: £16,315.46

Current Value (15th December 2014) = £72,500 (approx)

As I started the year with the SIPP at a value of £70,400 and I've added £3,600 to it in direct monthly contributions AND £1,295.88 in dividends, the performance this year has been disappointing.

The portfolio has taken a few big hits in recent weeks, the worst of them being in the past week with OPAY dropping to under 320 today (from a high of 550 in mid-September). I just don't know what the issues are with this share as the 4 broker forecasts are all suggesting a value greater than 600. Add to that the comments of Joel Leonoff, President & CEO on 17th November 2014: “We are finishing 2014 stronger and more diversified and, as a result, increasingly confident in the outlook for the accretive organic and inorganic growth opportunities available to us."

IPF is another shareholding in the SIPP that has been having a poor time on the markets with no obvious reason to explain it. The share value has slumped from 630 in early-June to under 440 now - yet the company is expecting to declare full year results showing increased profits up 20% on last year. The company looks stronger now than it did 6-months ago when the share price was 50% greater.

These companies both look strong: they both hold unique positions in their relative fields and I can only think that it is just a matter of time before the markets recognise this and the share price is driven higher.