BHB Portfolio – Weekly Update – 24.07.20

July 25, 2020 0 By bullheadedbear
  • Portfolio down -2.7% from previous week
  • Top of the Class: HGM, SSLN (Silver), GGP, PAF, ULVR
  • Naughty Step: GVC, AML, RCH, HHPD
  • Purchases: GSK, HEMO, GFIN
  • Sales: SSE
  • Dividends: N/A

Weekly Summary

Weekly Performance: -2.7%
2020 Performance: +1.5%

Big pullback for the markets this week with tech leading the drop for a change. Is this this start of the second drop like we experienced in March?

I had already taken some profits earlier in the month so held off for taking anymore. I don’t want to have to sell if I don’t need to and trying to avoid the panic selling and more looking forward to better buying opportunities if there is a decent size drop.

This week I did opened a new positions in an esports company as well as topping up on a current position. I also decided to sell a full position in an energy stock.


GlaxoSmithKline Plc (GSK)

Buy Price: £15.73
Fair Value Calculation: £21.24
Analysts Estimates: £18.60
Dividend Yield: 5.1%

Further additions to holdings of GlaxoSmithKline Plc. I am surprised this is not rising already but I will continue to keep adding to my position at these prices as this is an ideal holding for the Income Portfolio for years to come.

Gfinity Plc (GFIN)

Buy Price: £0.0302
Fair Value Calculation: £0.035
Analysts Estimates: £0.12
Dividend Yield: N/A

Gfinity is a small cap eSports company that I have been watching for a while and decided now was a good time to open a position. It did drop considerably earlier in the year with the rest of the market so I could have got a better price. However, it is now back to the price it started the year with and gaming and esports is a growing sector so I will sit on this for the long term and watch how the company delivers over the years. This is a small addition to my Speculative Portfolio.



Sale Price: £13.30
Profit/Loss: 15.5%

I have held SSE Plc for a while and it has been a good contributor to the Income Portfolio with a yield of around 6%. I decided it was time to let this go as the fundamentals are not looking as strong with Cash Flow decreasing, borrowing increasing and the dividend cover being very low the last couple of years. I decided to wait until this week after the final dividend and take my 15.5% profit. It could have been more but it looks like a lot of people were doing the same and it dropped over 7% after the ex-div day.

BHB Radar & Wish-List

Similar to last week I will be keeping a close eye on the earnings released and watching what the overall market does. I have been waiting for tech companies to pull back for a while now so hoping to see further declines.

I will top up on NCC Group PLC (NCC) if that drops further and Alphabet Inc (GOOG) is only about 8% away for my target price. Microsoft is still at the top of my hit list even if the earnings disappointed the majority but that is still over 11% away for my target price.

Thanks for reading, see you next week!

Good Luck and Happy Investing