Wednesday, August 31, 2005
Fayrewood and Dana force returns to +52%
Dana Petroleum's incredible rise, to four times my original buy price in October 2003.
Yeeee-haaaaaaaa.
In addition, my second largest portfolio component, Fayrewood, shot up to 125.5p to sell versus my April (or was it May?) purchases at an approximate average of 111p. Whoop-de-doo.
But Ben Bailey, issued a seriously disappointing set of interim figures at the start of the month and it looks like that company will not be recovering to it's former highs for a long while yet.
My insurance holdings, SVB and Chaucer have performed well. Chaucer has held on to some of it's takeover speculation gains and SVB has advanced handsomely.
Writing this has induced two important ideas. Firstly, I badly need to review my strategy with Fayrewood, Dana and Ben Bailey. Fayrewood is a bid situation. What if a bid is announced at, say 140p, would I accept and sell or hold on expecting a higher price to eventually be achieved? And what of Ben Bailey, with it's struggling cyclical market and margins, falling faster than a fat hod carrier?
It's about time I started some serious thinking and more serious blogging. Here's this month's round-up:
Portfolio at
Ben Bailey, 21/06/04 at 390p (435p)
Chaucer Holdings, 06/10/03 at 42.88p (59.5p)
Chaucer Holdings, 06/04/2004 at 54.75p (59.5p)
Dana Petroleum, 20/11/03 at 223.75p (687p)
SVB, 12/04/05 at 24.12p (30p)
Fayrewood, 15/04/05 at 112.5p (102p)
Fayrewood, 19/04/05 at 111.5p (102p)
+ cash holdings
and today's values
Ben Bailey, 21/06/04 at 390p (384p today)
Chaucer Holdings, 06/10/03 at 42.88p (58p)
Chaucer Holdings, 06/04/2004 at 54.75p (58p)
Dana Petroleum, 20/11/03 at 223.75p (906p)
SVB, 12/04/05 at 24.12p (31.5p)
Fayrewood, 15/04/05 at 112.5p (125.5p)
Fayrewood, 19/04/05 at 111.5p (125.5p)
+ cash holdings
Return for the year to date +52%
I never dreamt I would have achieved this rate of return after eight months of the year.
The Artful Dodger
Yeeee-haaaaaaaa.
In addition, my second largest portfolio component, Fayrewood, shot up to 125.5p to sell versus my April (or was it May?) purchases at an approximate average of 111p. Whoop-de-doo.
But Ben Bailey, issued a seriously disappointing set of interim figures at the start of the month and it looks like that company will not be recovering to it's former highs for a long while yet.
My insurance holdings, SVB and Chaucer have performed well. Chaucer has held on to some of it's takeover speculation gains and SVB has advanced handsomely.
Writing this has induced two important ideas. Firstly, I badly need to review my strategy with Fayrewood, Dana and Ben Bailey. Fayrewood is a bid situation. What if a bid is announced at, say 140p, would I accept and sell or hold on expecting a higher price to eventually be achieved? And what of Ben Bailey, with it's struggling cyclical market and margins, falling faster than a fat hod carrier?
It's about time I started some serious thinking and more serious blogging. Here's this month's round-up:
Portfolio at
Ben Bailey, 21/06/04 at 390p (435p)
Chaucer Holdings, 06/10/03 at 42.88p (59.5p)
Chaucer Holdings, 06/04/2004 at 54.75p (59.5p)
Dana Petroleum, 20/11/03 at 223.75p (687p)
SVB, 12/04/05 at 24.12p (30p)
Fayrewood, 15/04/05 at 112.5p (102p)
Fayrewood, 19/04/05 at 111.5p (102p)
+ cash holdings
and today's values
Ben Bailey, 21/06/04 at 390p (384p today)
Chaucer Holdings, 06/10/03 at 42.88p (58p)
Chaucer Holdings, 06/04/2004 at 54.75p (58p)
Dana Petroleum, 20/11/03 at 223.75p (906p)
SVB, 12/04/05 at 24.12p (31.5p)
Fayrewood, 15/04/05 at 112.5p (125.5p)
Fayrewood, 19/04/05 at 111.5p (125.5p)
+ cash holdings
Return for the year to date +52%
I never dreamt I would have achieved this rate of return after eight months of the year.
The Artful Dodger
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