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, 13 April 2017

Easter 2017 SIPP Update

Good recent progress in the markets has seen my SIPP put on some decent value.
On 3rd April the SIPP had a value of £128,000 and since then I have made my monthly contribution of £750 and the value has grown to £131,880 as close of business today (13th April 17).

Most of the growth in value has come from my Blackrock Smaller Companies IT (BRSC) which was valued at £12,285 on 3rd April but is at £13,308 today.  Segro (SGRO) has also made healthy progress from £7,132 to £7.572 today. However, progress has been fairly decent across the portfolio.

Looking ahead, I'm hopeful of good growth to come from Segro (SGRO) as the company now has a stranglehold on the warehouse space at Heathrow Airport and this should make great contributions to earnings this year now fully incorporated into the company. I'm expecting the company to be promoted to the FTSE100 this year - the SP will only have to be 495+ to guarantee promotion, and it's at 480 today - and if that is achieved we could quickly see another 5% of increase as funds balance their portfolios.

G4S (GFS) is well on the way to recovery now - I managed to purchase 50% of my current holding at 195 in May'17 with the other 50% purchased at an average of 245 - and the SP is currently at 307 and growth looks likely to continue.

GVC Holdings (GVC) has been a revelation, and goes from strength to strength. It is almost certain to make further acquisitions this year and is another company with a target of being in the FTSE100.

Finally, Lancashire Holdings (LRE) will have their AGM in early May followed by the release of the 1st-quarter figures for 2017 and, on the proviso that no news is good news in the insurance business, the numbers should be good enough to suggest another Special Dividend in December is on the cards.

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