RSIC Mechanical Portfolio Update
February 2005
The portfolio has risen an incredible £2,524 (16.3%) since the January valuation.
Sporting Bet shot up by 53% but there were also strong rises from Hyder Consulting (23%), Oystertec (19%) and 4Imprint Group (16%) with Fyffes, Lambert Howarth and latest addition Hunting also up by more than 10%. The only fall on the month was Wagon (-1%).
4Imprint Group has reached its 50% profit target so a trailing stop loss of 21.23p will apply from its anniversary.
We are due to sell Wagon this month but it is also the candidate for purchase so we will be retaining it. Given the large difference between the current value of our Wagon holding (£851) and a twelfth of the portfolio value (£1,503) we may want to use the available cash of £507 to purchase additional shares in Wagon so as to rebalance the portfolio. The rules allow (but do not mandate) this provided that the dealing costs are less than 3%. The £12 commission would indeed be less than this but Wagon currently has a rather large spread of 5.6%. We need to decide whether it is worthwhile making the additional purchase.
Wagon has been our most disappointing holding to date, substantially underperforming the FTSE 100 (a fall of 13% against a rise of 12%). So this may be a case of throwing good money after bad or it may be that it is merely taking a long time for the value to be realised and it would be better having more shares if / when it finally does!
|
Type |
Company |
EPIC |
Purchase Date |
Price |
# Shares |
Total Cost |
Dividends Received |
Valuation Date |
Current Bid Price |
Share Value |
Total (inc Dividends) |
Profit / Loss |
Profit / Loss % |
|
Value |
Wagon |
WAGN |
01/03/04 |
198.00 |
514 |
£1,034.81 |
£46.26 |
18/02/05 |
168.00 |
£851.52 |
£897.78 |
-£137.03 |
-13.24% |
|
Growth |
Horizon Technology |
HOR |
24/03/04 |
66.50 |
1587 |
£1,077.91 |
|
18/02/05 |
80.25 |
£1,261.56 |
£1,261.56 |
£183.65 |
17.04% |
|
Growth |
4imprint Group |
FOUR |
21/05/04 |
141.50 |
710 |
£1,021.67 |
£12.43 |
18/02/05 |
218.00 |
£1,535.80 |
£1,548.23 |
£526.56 |
51.54% |
|
Value |
Fyffes |
FFY |
30/06/04 |
117.34 |
897 |
£1,075.01 |
£7.47 |
18/02/05 |
151.00 |
£1,342.47 |
£1,349.94 |
£274.93 |
25.57% |
|
Growth |
SportingBet |
SBT |
21/07/04 |
99.05 |
1053 |
£1,060.21 |
|
18/02/05 |
288.00 |
£3,020.64 |
£3,020.64 |
£1,960.43 |
184.91% |
|
Value |
McAlpine (Alfred) |
MCA |
18/08/04 |
254.70 |
402 |
£1,041.01 |
£19.90 |
18/02/05 |
325.00 |
£1,294.50 |
£1,314.40 |
£273.39 |
26.26% |
|
Growth |
Hyder Consulting |
HYC |
08/09/04 |
150.00 |
730 |
£1,112.48 |
£1.46 |
18/02/05 |
205.00 |
£1,484.50 |
£1,485.96 |
£373.48 |
33.57% |
|
Value |
Lambert Howarth |
LMBT |
05/10/04 |
272.00 |
398 |
£1,099.97 |
£13.93 |
18/02/05 |
335.00 |
£1,321.30 |
£1,335.23 |
£235.26 |
21.39% |
|
Growth |
Oystertec |
OYS |
03/11/04 |
24.65 |
4512 |
£1,129.77 |
|
18/02/05 |
28.75 |
£1,285.20 |
£1,285.20 |
£155.43 |
13.76% |
|
Value |
Taylor Woodrow |
TWOD |
03/11/04 |
242.39 |
459 |
£1,130.13 |
|
18/02/05 |
291.00 |
£1,323.69 |
£1,323.69 |
£193.56 |
17.13% |
|
Value |
Bellway |
BWY |
08/12/04 |
724.40 |
168 |
£1,235.07 |
£26.38 |
18/02/05 |
859.50 |
£1,431.96 |
£1,458.34 |
£223.27 |
18.08% |
|
Growth |
Hunting |
HTG |
07/01/05 |
184.75 |
680 |
£1,274.58 |
|
18/02/05 |
205.00 |
£1,382.00 |
£1,382.00 |
£107.42 |
8.43% |
|
|
Totals |
|
|
|
|
£13,292.62 |
£127.83 |
|
|
£17,535.14 |
£17,662.97 |
£4,370.35 |
32.88% |
|
|
Cash |
|
|
|
|
|
|
|
|
£507.04 |
|
|
|
|
|
Total Portfolio Value |
|
|
|
|
|
|
|
|
£18,042.18 |
|
£6,742.18 |
59.67% |
Previous valuation: £15,517.81
|
Type |
Company |
EPIC |
Purchase Date |
Price |
# Shares |
Total Cost |
Dividends Received |
Sale Date |
Sale Price |
Share Proceeds |
Total (inc Dividends) |
Profit / Loss |
Profit / Loss % |
|
Value |
Countryside Properties |
CYD |
18/10/01 |
157.60 |
497 |
£799.19 |
£32.40 |
17/10/02 |
173.40 |
£849.80 |
£882.20 |
£83.01 |
10.39% |
|
Value |
Wimpey (George) |
WMPY |
13/12/01 |
196.31 |
399 |
£799.20 |
£34.12 |
18/12/02 |
230.00 |
£905.70 |
£939.82 |
£140.62 |
17.60% |
|
Value |
Westbury |
WBY |
21/02/02 |
285.60 |
274 |
£798.45 |
£31.10 |
03/03/03 |
315.22 |
£851.70 |
£882.80 |
£84.35 |
10.56% |
|
Value |
Crest Nicholson |
CRST |
25/04/02 |
237.60 |
330 |
£800.00 |
£31.35 |
28/04/03 |
215.50 |
£711.15 |
£742.50 |
-£57.50 |
-7.19% |
|
Value |
Savills |
SVS |
28/06/02 |
184.40 |
425 |
£799.62 |
£43.35 |
23/06/03 |
161.00 |
£672.25 |
£715.60 |
-£84.02 |
-10.51% |
|
Value |
Woolworths |
WLW |
29/08/02 |
30.73 |
2551 |
£799.84 |
£33.80 |
21/08/03 |
39.77 |
£1,002.53 |
£1,036.33 |
£236.49 |
29.57% |
|
Value |
Mowlem (John) |
MWLM |
17/10/02 |
139.50 |
580 |
£825.15 |
£59.16 |
22/10/03 |
185.37 |
£1,063.15 |
£1,122.31 |
£297.16 |
36.01% |
|
Value |
WH Smith |
SMWH |
18/12/02 |
335.99 |
206 |
£707.60 |
£39.14 |
19/12/03 |
275.00 |
£554.50 |
£593.64 |
-£113.96 |
-16.11% |
|
Value |
British Vita |
BVIT |
03/03/03 |
218.00 |
328 |
£730.62 |
£37.72 |
01/03/04 |
270.25 |
£874.42 |
£912.14 |