Last Share you Bought?

bigadaj

Interesting pint with the gold companies is to determine their selling contracts, there is such a variation in proportion they sell at spot rate, long and short timescale and contract price, there are still contracts out there with commitments under a thousand dollars an ounce.

JonnyBravo

JonnyBravo wrote: »

AAZ
£36m market cap and forecast to make 2/3rds of that this year alone.

So that was back at 34p
Moving on up.
>£50m market cap now.
Funding secured for new plant so no dilution.
Interims due next week.
Possibly 50k oz/Au this year.

Me at 44p now

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>
Me at 55p by yr end ---->
Me at 66p next year ----> :j

vacheron

The last shares I bought were 9000 Barclays shares when they fell to 158p in July which added to to the 7000 I bought at 158p last November.

I find Barclays is a very emotionally traded company considering the size and market cap which often means disproportionally high falls when any negative rumours come to light. In for the long haul though so am actually hoping for some further dips in the short term to pick up a few more.

bowlhead99

sabretoothtigger wrote: »

They have gold mines in Mali which is under Al Qaeda in the north but the mines are in the south.
Otherwise they are ok I guess. Another cheap gold mine is CEY Centamin, they are in Egypt far away from most riots but have had some strikes and loss of subsidy from government.
Half the PE of RRS, not sure if they are less risky or not as Egypt can have terrorism also

Looking at the charts you can't fault a purchase of either RRS or CEY in last few months - some return of risk appetite plus the effect of QE on the gold price has been kind. I was able to pick up a few RRS in a designated account for my toddler nephew in April at £50.5, as I thought they were oversold on news of the Mali coup, and it seemed like a good time to get in for a long hold. They produce gold at around $700 an oz so at current prices they're creaming it in, with the local governments being happy to leave them alone and take a cut.

Now at £74 a share after 5 months it's pretty tempting to sell half now (a great IRR), but this would only be 2 shares(!) and it'll cost a tenner to sell . Still they say buy low sell high and I'm happy to have a smaller amount as the long term hold and use the proceeds to help diversify the £2-3k portfolio into yet another smaller and less efficient holding...

It's a bit silly to try and hold 10 shares in a £2.5k portfolio but it focuses the mind on trying to buy quality at good prices, or buy stocks with a lot of long term upside.

On that theme the 3 largest buys in that portfolio this year were:

Tesco (in March, by pure luck I got close to the bottom at £3.12) ;

Harbourvest Global Private Equity (HVPE: listed private equity fund-of-funds, North America tilted, was at 40%+ discount to NAV though is now more like 35%); and

Asian Citrus Holdings (ACHL: chinese orange plantations, natural growth potential as trees yield more as they mature and they reinvest in land and other opportunities, pays a small divi, and has a nice low price/earnings ratio if the cash at bank figure is to be can be believed - not that you can ever be sure with Chinese AIM companies! I'll be watching out for results tomorrow a.m. but hopefully there won't be any reason to ditch them:))

As with everyone else's , these aren't recommendations, just for interest/fun. I also currently hold each of these 3 in my own ISA and two of them are in my SIPP too.

Masomnia

Haven't bought anything for a while. Last thing was LLPC as mentioned by gadgetmind, very happy with those so far!

Looking again at CAD, sold a while ago and by pure luck it tanked pretty shortly after. Back down to 18p which is almost exactly what the company's cash position is; so surely worth another look I reckon for a small punt, even if it is loss making.

gadgetmind

Masomnia wrote: »

Haven't bought anything for a while. Last thing was LLPC as mentioned by gadgetmind, very happy with those so far!

Yup, back at close to par. They've maybe got another 30% to go, but these are something you hold for the dividends and the capital value doesn't matter as long as the divis keep coming in.

TBH, I'd buy more even at current prices, but wife, daughter and myself are all heavily exposed to these and NWBD.

Confession: I'm a long-term buy and hold guy, but I bought two Euro ITs (JEO and HEFT) and a REIT (SREI) earlier this year and have recently flogged them all. Total returns were 30%, 25% and 16%, which is good enough for me as I think a lot of the value was outed. I'm still over-weight in the Euro and commercial property sectors.

Masomnia

I'm quite happy for the price to stay low for the time being, I'm reinvesting all the dividends so should compound nicely, even more so if the yield stays where it is!

Just topped up on Emed mining. The buying today has been just a bit too enthusiastic; there's definitely been insider trading before, and I reckon we may be seeing more again today. So bought a bit more, we shall see if anything turns up Monday.

gadgetmind

Masomnia wrote: »

I'm quite happy for the price to stay low for the time being,

Spoken like a true income investor! And the kicker is that reinvested dividends (at low prices, ideally!) over the decades is the big win.

Of course, many income investors are scared of subordinated financial debt, which is why it's such a bargain for those with a less emotional view of such matters.

JonnyBravo

Masomnia wrote: »

Just topped up on Emed mining. The buying today has been just a bit too enthusiastic; there's definitely been insider trading before, and I reckon we may be seeing more again today. So bought a bit more, we shall see if anything turns up Monday.

Me too. Bought some at 9.77p this morning just in case of anything turning up next week. Clearly also what some other people thought this afternoon.
The case for massive gains is gone now though IMO. Too many shares issued in the last year.

bowlhead99

I'm also a fan of some of the high yielding prefs, holding LLPC, LLPD, NWBD and RUSP within my SIPP. Not exactly as diversified as the average bond fund, but a tidy return while it lasts; unortunately probably a lower yield for people buying in or reinvesting divs next quarter vs last.

I hold some HEFT, which, as you say, has put on 20% or so over the summer. But the improving sentiment which has given rise to that, doesn't seem to be due to their particularly special eurozone stockpicks, in fact it's extremely correlated with the indexes which reflect appetite for equities in Western Europe generally. Example, below against the UK mid/large-caps which make up the FTSE 250: it's pretty close! As I bought it as part of a long term game plan, I'm not going to sell up after the recent good run, but I'd be less keen on throwing new money into it than I was in May/June.