And onto the big one, a big shift in my portfolio following the exit from my biggest holding, Rolls-Royce.
Distracted by life, I had backed away from the market for about 12 months at this point, but happened to read an article on R-R ahead of its results. It had already fallen significantly on the back of SFO Investigations of corruption and bribery, and then a series of profit warnings. Media reports were now focussed on a dividend cut, which has me running for the door come Monday morning.
Unfortunately for me, the dividend cut was not as bad as feared, or at least didn't have the expected effect and the shares bounced from that low point.
A hard lesson, even more so given my belief system built around the self interests of analysts, media, and markets.
Looking back from today I can see that having reinvested the funds I have at least performed on a par with R-R and probably even a little better and probably with a better potential. Certainly I am receiving a better yield for the reinvested funds but things will become clearer as we move forward.
A flat performance, in the positive this time, for both my portfolio and the FTSE 100.
Elsewhere, a second investment in Lloyds took place, and given my previous comment you can probably guess where some of those funds were re-invested.
Another new face in my portfolio with Royal Dutch Shell "B" shares replacing an exhausted BG Group following the former's purchase of the latter. Again boosting the yield on that investment.
Dividends came in as a special from BG Group as part of the deal and Vodafone with minor dividends from elsewhere including a disappointing Banco Santander investment.
| Merchant Adventurer's Index | ||||||||
| Forecast | 1 month | YTD | 62 mth | |||||
| Price | % holding | Div. yield | % gain | % gain | % gain | |||
| R-R | 510.34p | 13.63% | 4.66% | -8.05% | -11.24% | -22.26% | ||
| Aviva | 438.00p | 11.70% | 4.82% | -8.75% | -15.12% | 21.06% | ||
| National Grid | 963.50p | 15.63% | 4.65% | -2.26% | 2.77% | 74.23% | ||
| BP | 351.45p | 8.07% | 7.43% | -6.55% | -0.72% | -16.95% | ||
| Apple ** | $96.69 | 8.03% | 1.76% | 2.05% | -1.89% | 91.53% | ||
| Lloyds | 72.40p | 4.93% | 0.00% | 10.60% | 5.84% | 4.78% | ||
| IG Group | 773.50p | 5.13% | 4.05% | 6.56% | -3.61% | 62.09% | ||
| Imperial Brands | 3722.50p | 3.85% | 3.77% | -1.68% | 3.79% | 64.78% | ||
| William Hill | 410.40p | 3.45% | 3.09% | 5.50% | 2.73% | 122.83% | ||
| BAT | 3925.50p | 2.75% | 3.98% | 4.17% | 4.10% | 17.03% | ||
| Vodafone | 219.70p | 2.22% | 5.36% | -1.88% | -0.59% | -12.92% | ||
| Microsoft ** | $50.88 | 2.78% | 2.00% | -5.11% | -3.50% | 104.97% | ||
| Banco Santander | 291.75p | 1.26% | 5.02% | -2.66% | -13.81% | -46.54% | ||
| General Electric ** | $29.44 | 2.55% | 2.66% | 3.94% | 0.94% | 117.08% | ||
| BAE Systems | 513.00p | 1.89% | 4.08% | -0.58% | 2.68% | 55.45% | ||
| Barrat Dev. | 590.00p | 1.94% | 3.91% | -1.58% | -5.75% | 65.05% | ||
| SSE | 1385.00p | 1.41% | 6.62% | -4.48% | 4.29% | 13.06% | ||
| Verizon ** | 3658.59p | 1.76% | 3.72% | 4.30% | 17.22% | 31.82% | ||
| Centrica | 208.00p | 0.96% | 6.03% | 1.56% | -4.63% | -37.27% | ||
| BG Group | 1142.77p | 2.94% | 1.96% | 8.37% | 16.02% | -7.02% | ||
| Cash | 3.15% | 0.00% | ||||||
| 100.00% | 3.97% | |||||||
| 1 month | YTD | 62 mth | ||||||
| Virtual Portfolio gain (incl. Dividends) | ||||||||
| - 1 month gain 2040.92 | 2048.51 | 0.37% | ||||||
| - YTD gain 2049.23 | 2048.51 | -0.04% | ||||||
| - 62 month gain 1264.20 | 2048.51 | 62.04% | ||||||
| - 74 month gain 1000.00 | 2048.51 | 104.85% | ||||||
| Unit Price - £ | 2.04851 | (Starting price - £1) | ||||||
| FTSE gain (excl. Dividends) | ||||||||
| - 1 month gain 6083.80 | 6097.10 | 0.22% | ||||||
| - YTD gain 6242.30 | 6097.10 | -2.33% | ||||||
| - 62 month gain 5971.01 | 6097.10 | 2.11% | ||||||
| - 74 month gain 5412.88 | 6097.10 | 12.64% | ||||||
| Transactions: | ||||||||
| 01/02/2016 | Buy | Lloyds @ 64.38p per share | ||||||
| 03/02/2016 | Div | Vodafone @ 3.68p per share | ||||||
| 04/02/2016 | Div | Banco Santander @ 3.03p per share | ||||||
| 05/02/2016 | Div | Verizon @ 33.27p | ||||||
| 08/02/2016 | SELL | Rolls-Royce @ 8.46p per share | ||||||
| 08/02/2016 | SELL | Rolls-Royce @ 8.46p per share | ||||||
| 15/02/2016 | Div | Apple @ 30.29p per share | ||||||
| 16/02/2016 | Rights | BG @ 1142.77p per share | ||||||
| 17/02/2016 | Rights | RDSB @ 2574.17p per share | ||||||
| 26/02/2016 | Div | IG Group @ 8.45p per share | ||||||
| 29/02/2016 | Div |
|
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