RSIC Mechanical Portfolio Update

April 2006

1         Notes

An excellent performance this month, up 7.5% compared to the market’s 4% rise. The mechanical portfolio now stands at a bit over £31,600, 83% up on total money invested and with an annual rate of return equivalent to 31%pa.

 

Significant movers this month were Wyndeham Press (+28%), Charter (+18%), McAlpine (+17%), Metnor (+15%), Hunting (+10%) and Stanley Leisure (-9%).

 

Charter, Dart, Hunting, Interior Services, McAlpine & Wyndeham Press all set new highs during the month.

 

An agreed bid has been made for Wyndeham Press at 155p per share (current bid price is 154p). This will almost certainly go through in the next few weeks.

 

Carclo was sold last month. BETonSPORTS and Stanley Leisure were bought. All of these were in the growth side of the portfolio.

 

We still have a vacancy in the value side.

 

Hunting continues to set new highs but its trailing stop loss is getting tighter with each new high (it is currently a little less than 7%) sp it’s bound to get shaken out at some point.

 

No sales are due this month and with no valid value candidate yet again, there will be no transactions.

 

 

 


2         Valuation

2.1        Current Holdings

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 %

Growth

Hunting

HTG

07/01/05

184.75

850

£1,580.58

£37.40

21/04/06

402.25

£3,407.12

£3,444.52

£1,863.94

117.9%

Growth

Dart Group

DTG

17/05/05

295.70

461

£1,382.00

£32.04

21/04/06

415.00

£1,901.15

£1,933.19

£551.19

39.9%

Value

Alumasc Group

ALU

21/06/05

158.50

1217

£1,950.59

£113.18

21/04/06

158.00

£1,910.86

£2,024.04

£73.45

3.8%

Growth

Charter

CHTR

11/08/05

326.26

625

£2,061.34

 

21/04/06

777.50

£4,847.37

£4,847.37

£2,786.03

135.2%

Value

Wyndeham Press

WDSW

20/10/05

114.43

1756

£2,031.35

£29.85

21/04/06

153.00

£2,674.68

£2,704.53

£673.18

33.1%

Value

McAlpine (Alfred)

MCA

20/10/05

347.97

578

£2,026.33

 

21/04/06

495.50

£2,851.99

£2,851.99

£825.66

40.7%

Growth

Metnor Group

MTG

29/11/05

219.83

994

£2,208.04

 

21/04/06

253.00

£2,502.82

£2,502.82

£294.78

13.4%

Value

First Choice Holidays

FCD

18/01/06

233.99

999

£2,356.75

£46.45

21/04/06

213.50

£2,120.86

£2,167.31

-£189.44

-8.0%

Value

Interior Services Group

ISG

16/02/06

259.70

922

£2,413.90

£27.66

21/04/06

287.00

£2,634.14

£2,661.80

£247.90

10.3%

Growth

BETonSPORTS

BSS

15/03/06

159.44

1436

£2,308.47

 

21/04/06

157.00

£2,242.52

£2,242.52

-£65.95

-2.9%

Growth

Stanley Leisure

SLY

15/03/06

781.00

293

£2,307.27

 

21/04/06

720.50

£2,099.06

£2,099.06

-£208.21

-9.0%

 

Totals

 

 

 

 

£22,626.62

£286.58

 

 

£29,192.57

£29,479.15

£6,852.53

30.3%

 

Cash

 

 

 

 

 

 

 

 

£2,430.82

 

 

 

 

Total Portfolio Value

 

 

 

 

 

 

 

 

£31,623.39

 

£14,323.39

82.8%

 

Previous valuation: £29,423.36


2.2        Previous Holdings

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

10.4%

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

17.6%

Value

Westbury

WBY

21/02/02

285.60

274

£798.45

£31.10

03/03/03

315.22

£851.70

£882.80

£84.35

10.6%

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

-7.2%

Value

Savills

SVS

28/06/02

184.40

425

£799.62

£43.35

23/06/03

161.00

£672.25

£715.60

-£84.02

-10.5%

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

29.6%

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

36.0%

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

-16.1%

Value

British Vita

BVIT

03/03/03

218.00

328

£730.62

£37.72

01/03/04

270.25

£874.42

£912.14

£181.52

24.8%

Value

TDG

TDG

23/06/03

199.00

446

£903.98

£62.45

30/06/04

210.38

£926.27

£988.72

£84.74

9.4%

Value

European Motor Hdgs

EMH

21/08/03

172.78

581

£1,020.87

£49.38

18/08/04

200.87

£1,155.05

£1,204.43

£183.56

18.0%

Value

Severfield-Rowen

SFR

23/10/03

323.88

306

£1,008.03

£32.90

05/10/04

477.50

£1,449.15

£1,482.05

£474.02

47.0%

Value