BHB Portfolio – Weekly Update – 17.07.20
- Portfolio up 3.4% % from previous week
- Top of the Class: ERIC, SPCE, HHPD, AML, SSE
- Naughty Step: BABA, MSFT,
- Purchases: APF
- Sales: SPCE
- Dividends: GSK
Weekly Performance: + 3.4%
2020 Performance: +4.5%
So big tech finally pulled back a bit but the portfolio finished with a strong week and now +4.5% for the year.
I’m stull nervous of another big drop with a lot of talk now or Covid markets recovery looking more like a W with a second big drop before returning to previous levels. Due to this I only made 1 purchase last week which was a top up an average down of a previous holding. I also made a sale of one speculative stock due to big weekly move and taking some profits out.
There was also one dividend payment made from GlaxoSmithKline Plc (GSK) which was a welcome income with many others not paying at the moment.
Anglo Pacific Group (APF)
Buy Price: £1.30
Fair Value Calculation: £1.63
Analysts Estimates: £1.93
Dividend Yield: 6.8%
This was simply a top up while averaging down of a stock I believe has good potential with plenty of room for price growth while also paying a strong dividend. This stock is part of the Income Portfolio.
Virgin Galactic Holdings, inc. (SPCE)
Sale Price: $24 / £19.10
Virgin Galactic Holdings, inc. (SPCE) was up over 20% this week after a 17% increase the previous week. This stock is in the Speculative Portfolio and will continue to hold for the long term however, I wanted to take some profit out of this rally. I sold 25% of my holdings taking 43.6% profit from that proportion. I re purchase shares when the price drops back to lower support levels (hopefully!).
BHB Radar & Wish-List
This week I will continue to hold back and watch what is happening with the overall markets with some possible additions to existing holdings if the price is right.
I will be watching the big tech stocks very closely to see if they continue to decline as well as looking at the earnings reports coming this week.