As I wrote last week in “Cleaning up the Amateur Investor Portfolio“, I’ve decided to tidy up the Amateur Investor portfolio.
While I said that this was because the A.I. portfolio of over 200 holdings was proving to be too difficult to keep a close eye on, another consideration is that the 12 month anniversary of subscribing to The Share Centre’s unlimited share dealing option is approaching (The deed is done. I’m now a “Premium Trader”!)
This trading option costs £3000 per annum (£2500 + VAT) and allows frequent traders to trade as often as they like without additional trading fees. So anyone trading at least once a day will probably be better off on the Premium Trading option.
Continue reading “Portfolio reorganisation continues”
Shares in Game Group (GMG) have been suspended at the request of Directors
A statement has been released saying:
“Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business”
The Board now considers itself to be unable to assess the business’s financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market of London Stock Exchange plc be suspended from trading with effect from 7:30am today.
The Company will provide a further update in due course.”
Breaking news today about troubled high street retailer GAME GROUP (GMG).
Apparently Electronic Arts has said that they have stopped supplying supplying the high street chain after falling out over “credit terms”
It means Game may no longer receive Mass Effect 3, the largest game of the year so far, or other March releases.
As a holder of GMG shares, I’ll be following this story as it develops.
Today I reinvested the proceeds of my recent sales of Bwin.Party (BPTY).
Hammerson (HMSO) were tipped as Investors Chronicle magazine “Value stock of the year” today (page 20). I fully expected to see that the share price had risen on the news, but shares had actually fallen a little.
Hammerson are a European property firm that invests in and develops shopping centres, retail parks and prime offices through operations in the UK, France and Germany. According to the Share Centre Company Overview “Its portfolio of around 1.2 million m² of retail space and over 260,000 m² of prime offices is valued at around £5.7bn.”
Continue reading “Reinvesting the proceeds of Bwin sale”
It’s now nearly 5 months since I took on the role of Amateur Investor. In that time I have made hundreds of share purchase transactions, drip-feeding money into the markets as the media feeds us a daily meal of economic doom and gloom.
As we stumble from one economic crisis to another I decided to take stock and see how my purchases had faired.
Continue reading “Nearly 5 months in, how am I doing?”
… at least that’s what I wish I’d done last week.
As the news hit about potential problems at Thomas Cook (TCG) last week the shares went into freefall. As I wrote here, I made two purchases on the day, the first at 18.83p and the second at 11p.
Oh how I wish that second purchase had been bigger!
Continue reading “Put your life savings into Thomas Cook shares…”
Some shares offer perks to shareholders. Things like money off vouchers and free samples to people attending an AGM.
I’m going to try to compile an up-to-date list of share perks currently on offer. Does anyone have any information that may be useful in the regard?
Please post a comment if you have.
The Restaurant Group mail out a sheet of “25% off total bill” vouchers with their annual report. I think the minimum share holding is just one share, and this perk is available if you hold your Restaurant Group shares in a nominee account.
I made a momentous decision today. I decided to do something which, statistically speaking, you’re less likely to do than divorce your spouse.
So what have I decided to do?
Take up brain surgery?
Climb Mount Everest?
Swim the Amazon?
Run for US President?
What can this rare event be?
Continue reading “Don’t you want my custom?”
Did you see the Stephen Fry programme last night on which he gave us, the geek viewing public, a run down of his top 100 gadgets?
I only watched the first hour, the rest is recorded on my Personal Video Recorder (PVR) which quite rightly made an appearance in the top 100, so don’t spoil the surprise by telling me what gadget sat proudly in the top slot. If I had to guess I would say it’ll probably be the iPod or the iPhone.
The programme got me thinking about how important gadgets and technology are to most of us.
Continue reading “Don’t you just love technology?”