|
Written by Ben Dixon
|
|
Saturday, 20 February 2010 |
|
Security sold from the Money? What Money? investment portfolio:
Company Name: Party Gaming PLC
Symbol: PRTY
First Held: 5th November 2009
Holding Sold: 100%
Date Sold: 19th February 2010
Purchase Price: 224.5 pence
Sale Price: 291.145 pence
Profit: 30%
Party
Gaming performed in line with expectations, benefiting (probably) from
the gradual realisation of the market that the sale by founder of a
substantial share holding was not indicative of problems within the
company. A sale was made at slightly below our original target price of
300p due to a decision made to re-organise our portfolio.
|
|
|
Written by Portfolio Updates
|
|
Thursday, 05 November 2009 |
|
New security added to Money? What Money?'s investment portfolio:
Company Name: Mwana Africa PLC
Symbol: MWA
Puchase Price: 13.5 Pence Per Share
Date of Purchase: 5th November 2009
Target Price: 17 Pence.
Summary:
Mwana is a mining company focussing on precious metal, base metal and diamond extraction in Africa. They have various interests in Zimbabwe which – due to the current political turmoil – has led many investors to avoid any substantial commitment.
The focus on the risk posed by their interests in Zimbabwe has led to a disproportionately low valuation given that they have substantial assets in other parts of Africa.
|
|
Last Updated ( Friday, 20 November 2009 )
|
|
|
Written by Portfolio Updates
|
|
Thursday, 05 November 2009 |
|
New security added to Money? What Money?'s investment portfolio:
Company Name: Party Gaming PLC
Symbol: PRTY
Price Paid: 224.5 pence
Date of Purchase: 5th November 2009
Target Price: 300 pence
Summary:
Party Gaming is an online Gaming company, best known for its poker website but also providing a large selection of casino style on-line games. They have made use of the recent economic turmoil to make acquisitions in relevant business areas as well as signing high visibility deals with companies such as Channel 5 in the developing televised poker market.
MWM took advantage of a fall in the share price apparently triggered by one of the founders selling two third of his stake in the company. Closer examination suggests that this sale has little to do with the health of the company and was in fact related to the founders desire to move away from the industry following the legal troubles created my Americas ban on on-line gambling.
|
|
Last Updated ( Thursday, 19 November 2009 )
|
|
|
Written by Portfolio Updates
|
|
Wednesday, 04 November 2009 |
|
Security sold from the Money? What Money? investment portfolio:
Company Name: Barclays
Symbol: BARC
First Held: 27th November 2008
Holding Sold: 100%
Date Sold: 4th November 2009
Price: 330.74 Pence
Profit: 51%
Summary:
Having achieved a better than expected 50% profit we sold out holding in Barclays to release capital for other investments. The banking index of which the Barclays shares was initially a part has suffered due to a failure to fully factor in the impact dealing costs on the overall return.
|
|
|
Written by Portfolio Updates
|
|
Tuesday, 03 November 2009 |
|
Security sold from the Money? What Money? investment portfolio:
Company Name: Morrisons Supermarkets
Symbol: MRW
First Held: 27th November 2008
Holding Sold: 100%
Date Sold: 3rd November 2009
Price: 283.13 Pence
Profit: 9%
Summary:
Whilst Morrisons has provided a positive return over the 12 months we have held it, it did not achieve the increased sales we had predicted due to people moving to cheaper supermarkets due to financial hardship.
We decided that since the stock appears to be stagnating, we would take the profit in order to free up capital to be invested in stocks with more potential for growth.
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
| Results 1 - 9 of 13 |
