View the article online at http://citywire.co.uk/money/article/a576121
What should I do with shares in Imagination Technologies?
The Diary of a Top Stocker continues with a guilty confession over BP (BP.L) and a cry for help on Apple supplier Imagination Technologies (IMG.L).
It’s been nearly a month since I last wrote about how I was getting on with the Citywire Top Stocks portfolio. So far, it’s been a so-so experience.
Just to remind you, I have been given £10,000 by Citywire to invest in shares of the companies on our Top Stocks list. This is a compilation of the top 10 holdings of a panel of five UK fund managers chosen by our Citywire Selection team.
For a full list of the funds they recommend, go to the Citywire Selection page.
My guilty BP secret
Since I last wrote, I have piled into BP (BP.L). I confess this wasn’t part of some well thought out plan. More of a knee-jerk trade, I’m afraid.
A comment in the Financial Times on 5 March that the shares were likely to do well after its legal settlement in relation to the Gulf of Mexico oil spill had me splashing just over £1,000 of my company’s money on 196 BP shares.
It’s been a disappointing move so far. The shares, which I bought at 508.65p, didn’t rise much on the day and closed today at 483.4p. I’m not so much annoyed at the fall, but at myself for thinking I could make a quick buck. I don’t think I am a day trader!
BP wasn’t my favourite oil play, so I may sell it later down the line and reinvest the money. However, that may be some time off as I’ve still got £6,000 of Citywire’s money burning in my pocket.
Down, but plenty of money left
So far, including dealing charges I am down 4.25%, with the £3,999.60 I invested worth just over £3,829.
Vodafone (VOD.L) is up 2% today but has fallen 4% over the past month since I bought it and my other two defensive holdings. GlaxoSmithKline (GSK.L) has edged up and is up 1% over the month, while Shell (RDSb.L) closed 1.2% lower today and is down 1.8% over the month.
I was surprised to see from my Barclays Stockbrokers that I have as much as £15,832 available to invest. Is the bank tempting me to spend money I don’t have? Perish the thought! I shall turn a blind eye or I will have our accounts team on my case.
New Top Stocks
It’s tough keeping up with events. Just as I get accustomed to the stocks on my list, another monthly update comes along and changes the line-up.
New additions this time round are Micro Focus International (MCRO.L), the software provider owned by Derek Stuart, manager of the Artemis UK Special Situations fund; Yule Catto (YULC.L), the chemicals manufacturer held by Edward Legget, manager of Standard Life Investments UK Equiity Unconstrained ; Misys (MSY.L), the banking software provider being pursued by Vista Funds; and Taylor Wimpey (TW.L), the house builder. The last two are both top 10 holdings of Richard Buxton’s Schroder UK Alpha Plus fund.
News sponsored by:
Here at BlackRock, we help investors make more out of commodities with a range of innovative, flexible and resilient investment strategies.
From Brazil and Mexico, to Vietnam and Nigeria, the rapidly developing economies of Latin American and frontier markets, which are some of the smaller, less developed economies in the world, provides investors with a wealth of potential opportunities. Discover why BlackRock's investment trust range is well placed to help you make more of these exciting regions.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Look up the funds
- Artemis UK Special Situations I Acc
- Standard Life Inv UK Equity Inc Unconstr Ret Acc
- Schroder UK Alpha Plus A Acc
Look up the shares
- BP PLC (BP.L)
- Royal Dutch Shell Plc (RDSb.L)
- GlaxoSmithkline PLC (GSK.L)
- Vodafone Group PLC (VOD.L)
- Micro Focus International PLC (MCRO.L)
- Yule Catto & Co PLC (YULC.L)
- Misys PLC (MSY.L)
- Taylor Wimpey PLC (TW.L)
- Experian PLC (EXPN.L)
- Rolls-Royce Holding PLC (RR.L)
- Standard Chartered PLC (STAN.L)
- Lupus Capital PLC (LUP.L)
- Devro PLC (DVO.L)
- Imagination Technologies Group PLC (IMG.L)
- Cookson Group PLC (CKSN.L)
- DS Smith PLC (SMDS.L)
- Howden Joinery Group PLC (HWDN.L)
- Galliford Try PLC (GFRD.L)
Look up the fund managers
More from us
- Diary of a Top Stocker: buying at the top of the market?
- Diary of a Top Stocker: 5 quality blue chips I've got my eye on
- Diary of a Top Stocker: Kenmare is a winner and I'm on the launch pad
- Citywire Top Stocks
- Citywire Selection
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.