Portfolio update Q2 & July 2021

Can you believe Covid19 is still around! Early on we all thought it would be gone by now! The vaccine program roll out has been a success in general and is starting to have a positive effect on the number of cases and more importantly the number of deaths! My wife and I have our second dose next week… Both getting the Pfizer vaccine.

It has been another quiet quarter for me so hence the prompt summary as there is not much to summarise! I have been busy at work too – this also keeps me from overtrading because I don’t get as much time to meddle!

Summary

My YTD performance has been good with a return at the 31st of July 2021 of 30.9% so needless to say I am very happy with that! Lets hope I can hold onto these gains until the year end and maybe even increase them!

In general I have been sitting on my hands and monitoring progress again. This meant that only 8 Trades were made in this 4 month period.

Trades

Sell Trades

09/04/2021 SELL Novacyt Sa (LON:NCYT) What a rollercoaster ride this was, after being up 100%+ at one point to sell on a profit warning was a disappointment to say the least!

LOSS 9.4%

Profit Warning -disputed contract -uncertain future bye thanks for the learning experience should have sold half at +100
My transaction note for Novacyt sale!

05/05/2021 SELL Sylvania Platinum (LON:SLP) – Selling some of corporate account holding to reduce oversized holding (since I bought more in SIPP at 114p in Q1) sold at 130p

I still have a small holding in SLP in this account with the main holding remaining in the SIPP. So when I see a suitable opportunity I will sell the remaining here.

GAIN 144%

28/06/2021 SELL Afh Financial (LON:AFHP) – This takeover was announced in Q1 but it has taken until now for the deal to complete and funds to come in. These funds were withdrawn to complete a property purchase.

GAIN 41.5%

Buy Trades

08/04/2021 BUY Jubilee Metals (LON:JLP) This company was brought to my attention in one of the Stockopedia stock slams it is held by Mark Slater and is more diverse than SLP in that it is…

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Momoko Miyamoto

1st Aug '21

@InvestorJohn, well done on your YTD performance. I'm also a fan of Integrated Diagnostics Holdings (LON:IDHC) but for a reasonable market cap share the daily volume is nearly non existent. I noticed you've sold out of H & T (LON:HAT) , it's been a dog over the past year but I've held on as I reckon the FCA worries are overdone and the competitive landscape has become more favorable. H & T (LON:HAT) also provides nice exposure to the gold price while paying a divi too. I sold out of Jubilee Metals (LON:JLP) to buy Sylvania Platinum (LON:SLP) last year and missed out on a multi bag but the management at Jubilee Metals (LON:JLP) just dont seem trustworthy, why no dividend despite the claimed profit bonanza?

The Phoenix

Hi John thanks for the update do you mind me asking why you have gone for a Sass is it to put a commercial property into and if so any reason you preferred a Sass to a commerical Sipp ? thanks Andy.

InvestorJohn

The SSAS gives more flexibility when linked to a sponsoring business, you can lend money from the SSAS to the business etc. You have more control because there is no external trustee involved who can interfere or disagree with what you want to do or buy. (Obviously within the HMRC rules) So in essence it makes more sense if you own your own business. Many businesses buy their own premises within or into a SSAS and pay rent to the SSAS. The SSAS also acts as a family trust so I can add children to it when they are older which has Inheritance tax benefits. Obviously you can put commercial property in either SIPP or SSAS

Hope that answers your question?

Maybe Jubilee Metals (LON:JLP) are needing more reserves in relation to their new copper activities? I would need to review their last results again to see what they say on their use of cash, Capex or dividends etc

For now I plan to hold both but Sylvania Platinum (LON:SLP) are a larger position for me.

Yes got out of H & T (LON:HAT) quite a while ago now I got tired of living under a dark cloud for so long... Its a bit like Boohoo (LON:BOO) which I hold but sometimes we lose patience and make a break for a more rosey outlook in another stock...

Thanks John interesting benefits for sure.

An insight into another Private Investors' portfolio... Q2 & July

Portfolio update Q2 & July 2021

Summary

Trades

Sell Trades

Buy Trades

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InvestorJohn

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