OK, so I get itchy when I have cash sitting around. Had a good look around and here’s what I’ve spent a chunk of the 888 cash on:
Telecom Plus (TEP)
Multiutility Company providing various services, including gas, electricity, fixed line telephony, mobile telephony, broadband and insurance service. It is sold through a Network of self-employed people on commission. Keeps headcount lower and people have an incentive to sell more.
I’ve been in and out of these over the years – and now am back in again after a share price fall despite forecast profit increases.
Buy @ £15.45
Portfolio %: 3.8%
Total Portfolio holdings: 3.8%
IG Group (IGG)
Can’t work out why these are so lowly rated. 40% profit margin. Steadily climbing income, low Price to Earnings ratio. Topped up (doubled my holding). Breaches my “top up if dropped by 10%” Rule as they are actually up on my first tranche purchase, but I don’t care, they seem such good value.
Buy @ £6.83
Portfolio %: 2.8%
Total Portfolio holdings: 5.8%
British American Tobacco (BATS)
Topped up as they are 15% down on my original purchase – so this does meet my rule! High yielding. Whilst people are getting healthier habits, there are still plenty of smokers out there and BAT is working on the Vaping Market at the same time.
Buy @ £25.81
Portfolio %: 2.8%
Total Portfolio holdings: 4.1%
NatWest Bank (NWG) and Centamin Mining (CEY)
These were considered but I think that they have further to drop. The above seemed more appealing.
Not updating the Portfolio today. might do later.
Need more cash to consider future purchases. Couple of chunky dividends coming through in the next couple of months.