RSIC Fundamental Portfolio Review
August 2003 - August 2004
Richard
W, 16th August 2004.
·
An
excellent performance over the year with a net gain of £1,454 over the year,
representing a return of 56.0% measured using the internal rate of return;
·
The
portfolio has outperformed the FTSE 100 by 51.3%;
·
Since
the start of the club, all purchases made on grounds that would have qualified
the share for the Fundamental Portfolio have shown a combined profit of 28.5%.
Objectives
of the Strategy for the Fundamental Sub-portfolio are (not necessarily in
priority order):-
a)
To
achieve an average annual rate of return on investment across the portfolio
that beats the FTSE 100
Met - beat the FTSE 100 by a
very significant margin.
b)
To
protect against significant losses and to increase market knowledge by
diversification across sectors.
Not Met - during the year, the
portfolio has held five shares from only three different sectors. The portfolio
currently holds three companies with two from the same sector.
The
following purchases have taken place to date (current holdings valued at
realisable value[1]):
|
Company |
Date Bought |
# Shares |
Price |
Cost |
Dividends |
Date Sold |
Sale / Current Price |
Proceeds / Current Value |
Gain / Loss (inc dividends) |
Gain / Loss % |
|
Science
Systems |
21/10/98 |
500 |
145.10 |
£741.14 |
£11.05 |
23/02/01 |
583.00 |
£2,892.40 |
£2,162.31 |
291.75% |
|
ARM
Holdings |
20/01/99 |
700 |
72.80 |
£509.49 |
£0.00 |
16/03/01 |
308.20 |
£2,145.40 |
£1,635.91 |
321.09% |
|
Workplace
Technologies |
18/05/99 |
450 |
167.00 |
£765.26 |
£2.70 |
05/10/99 |
228.00 |
£1,026.00 |
£263.44 |
34.42% |
|
Total
Systems |
22/12/99 |
1000 |
79.50 |
£810.98 |
£0.00 |
08/06/00 |
90.00 |
£888.00 |
£77.02 |
9.50% |
|
Parity[2] |
29/12/99 |
289 |
338.75 |
£998.88 |
£11.77 |
17/08/01 |
44.00 |
£127.16 |
-£859.95 |
-86.09% |
|
Cable
& Wireless |
12/01/00 |
80 |
950.25 |
£776.00 |
£25.20 |
21/01/02 |
303.62 |
£237.08 |
-£513.72 |
-66.20% |
|
Tibbett
& Britten |
27/04/00 |
160 |
613.00 |
£997.70 |
£37.12 |
20/09/01 |
616.00 |
£973.60 |
£13.02 |
1.31% |
|
Science
Systems |
03/05/00 |
53 |
540.00 |
£286.20 |
£0.41 |
23/02/01 |
583.00 |
£306.59 |
£20.80 |
7.27% |
|
Delta |
28/09/00 |
810 |
120.00 |
£988.86 |
£64.90 |
19/10/01 |
96.10 |
£766.41 |
-£157.55 |
-15.93% |
|
Cable
& Wireless |
16/11/00 |
85 |
897.51 |
£788.69 |
£14.03 |
21/01/02 |
303.62 |
£251.89 |
-£522.77 |
-66.28% |
|
Headlam |
29/12/00 |
709 |
138.50 |
£998.88 |
£157.40 |
30/01/03 |
218.75 |
£1,538.94 |
£697.46 |
69.82% |
|
Blick |
16/05/01 |
437 |
224.80 |
£999.29 |
£63.37 |
18/06/02 |
180.80 |
£778.10 |
-£157.82 |
-15.79% |
|
Logica |
29/05/02 |
346 |
226.39 |
£799.23 |
£10.73 |
21/11/02 |
159.02 |
£538.21 |
-£250.29 |
-31.32% |
|
Fulcrum
Pharma |
06/06/02 |
4625 |
12.65 |
£599.99 |
£9.25 |
23/06/03 |
7.55 |
£337.19 |
-£253.55 |
-42.26% |
|
Mothercare |
24/03/03 |
487 |
100.75 |
£499.10 |
£0.00 |
23/10/03 |
308.12 |
£1,488.54 |
£989.44 |
198.24% |
|
Mothercare |
24/03/03 |
488 |
100.75 |
£500.12 |
£0.00 |
15/04/04 |
320.62 |
£1,552.63 |
£1,052.51 |
210.45% |
|
WH Smith[3] |
19/12/03 |
206 |
275.00 |
£566.50 |
£26.78 |
22/04/04 |
359.76 |
£729.11 |
£189.39 |
33.43% |
|
CodaSciSys |
21/11/02 |
378 |
260.00 |
£999.71 |
£23.44 |
|
290.00 |
£1,084.20 |
£109.93 |
11.00% |
|
Interior
Services Group |
22/09/03 |
772 |
153.00 |
£1,199.07 |
£59.83 |
|
154.00 |
£1,176.88 |
£39.64 |
3.31% |
|
Parity |
21/05/04 |
541 |
10.00 |
£54.10 |
£0.16 |
|
10.25 |
£43.45 |
-£8.49 |
-15.69% |
|
Parity |
21/05/04 |
9840 |
9.99 |
£999.94 |
£2.95 |
|
10.25 |
£996.60 |
£1.61 |
0.16% |
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