Monday, July 26, 2004
Dividends and Dana add momentum
Since the last portfolio report Dana Petroleum is sitting at it's highest price since purchase. My second-largest holding, Chaucer, has disappointed by dropping back slightly, Mayborn has edged upwards toward break-even and Ben Bailey has appreciated a fraction.
In addition I've received dividends from Chaucer and Mayborn, improving the cash count. An important part of an investment strategy is to decide what to do with these payments - I'll be reinvesting them in my next purchase, the first step of what should become a positive feedback cycle - dividends being used to buy more shares which produce more dividends etc.
at June 27:
Ben Bailey, 1281 shares on 20/02/03 at 178p (395p, £5059.95)
Ben Bailey, 890 shares on 21/06/04 at 390p (395p, £3515.50)
Chaucer Holdings, 8092 shares on 06/10/03 at 42.88p (47.5p, £3843.70)
Chaucer Holdings, 4075 shares on 06/04/2004 at 54.75p (47.5p, £1935.62)
Dana Petroleum, 1551 shares on 20/11/03 at 223.75p (305p, £4730.55)
Mayborn Group, 1406 shares on 15/03/04 at 282p (257p, £3613.42)
Cash holdings: £158.97
Total: £22,857.71
at close of market today:
Ben Bailey, 1281 shares on 20/02/03 at 178p (400p, £5124.00)
Ben Bailey, 890 shares on 21/06/04 at 390p (400p, £3560.00)
Chaucer Holdings, 8092 shares on 06/10/03 at 42.88p (45p, £3641.40)
Chaucer Holdings, 4075 shares on 06/04/2004 at 54.75p (45p, £1833.75)
Dana Petroleum, 1551 shares on 20/11/03 at 223.75p (313p, £4854.63)
Mayborn Group, 1406 shares on 15/03/04 at 282p (271p, £3810.26)
Cash holdings: £323.22
Total: £23,146.86
The next week could be crucial for my portfolio, with Ben Bailey announcing interim results. I've promised myself I will be out of bed for the 7 a.m. announcement and not sleep in as I did for March's finals. High profits and a positive outlook statement could see Ben Bailey rise quickly from the 400p level it occupies today. If my target price is met, I will sell and look for a new home for the funds. At today's prices, that could be Mayborn plc. 'Could' being the key word in this paragraph, you can never rely on the stock market delivering anything.
The Artful Dodger
In addition I've received dividends from Chaucer and Mayborn, improving the cash count. An important part of an investment strategy is to decide what to do with these payments - I'll be reinvesting them in my next purchase, the first step of what should become a positive feedback cycle - dividends being used to buy more shares which produce more dividends etc.
at June 27:
Ben Bailey, 1281 shares on 20/02/03 at 178p (395p, £5059.95)
Ben Bailey, 890 shares on 21/06/04 at 390p (395p, £3515.50)
Chaucer Holdings, 8092 shares on 06/10/03 at 42.88p (47.5p, £3843.70)
Chaucer Holdings, 4075 shares on 06/04/2004 at 54.75p (47.5p, £1935.62)
Dana Petroleum, 1551 shares on 20/11/03 at 223.75p (305p, £4730.55)
Mayborn Group, 1406 shares on 15/03/04 at 282p (257p, £3613.42)
Cash holdings: £158.97
Total: £22,857.71
at close of market today:
Ben Bailey, 1281 shares on 20/02/03 at 178p (400p, £5124.00)
Ben Bailey, 890 shares on 21/06/04 at 390p (400p, £3560.00)
Chaucer Holdings, 8092 shares on 06/10/03 at 42.88p (45p, £3641.40)
Chaucer Holdings, 4075 shares on 06/04/2004 at 54.75p (45p, £1833.75)
Dana Petroleum, 1551 shares on 20/11/03 at 223.75p (313p, £4854.63)
Mayborn Group, 1406 shares on 15/03/04 at 282p (271p, £3810.26)
Cash holdings: £323.22
Total: £23,146.86
The next week could be crucial for my portfolio, with Ben Bailey announcing interim results. I've promised myself I will be out of bed for the 7 a.m. announcement and not sleep in as I did for March's finals. High profits and a positive outlook statement could see Ben Bailey rise quickly from the 400p level it occupies today. If my target price is met, I will sell and look for a new home for the funds. At today's prices, that could be Mayborn plc. 'Could' being the key word in this paragraph, you can never rely on the stock market delivering anything.
The Artful Dodger
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