Share Purchases – 8th February 2012

Apologies to regular readers of the Amateur Investor blog, I’ve been a bit quiet of late.

Since my last post I have received a number of dividends and today was the day I reinvested them.

First purchase was Clinton Cards (CC.) – not one for widows and orphans as I see this particular retailer as one of those where 2012 could be make or break for them.
We all would love to think that we are expert recovery stock pickers, in truth we are not.
Time will tell if today’s purchase at 10.95p turns out to be shrewd, or foolish!

Second purchase was Pennon (PNN). I’m already a holder but I took the opportunity to buy in again today at 693p.

Finally came Tesco (TSCO). Again, I’m already a holder of Tesco, but the recent fall in share price was too tempting to ignore. People will always have to eat (unless scientists invent a daily pill that will give us all the calories, vitamins and nutrients we need). Bought today at 330.0340p.

2 Replies to “Share Purchases – 8th February 2012”

  1. Have to agree Dave, they’re on my list of shops which could disappear from the High Street this year too. La Senza and Past Times have left two empty shops in my local town this year – and I don’t think they will be the last to shut up shop this year.

    But I haven’t bet the house on a recovery in Clinton shares, so if they survive hopefully I’ll make a few quid, if they don’t then I’ll lose a few quid.

    With the likes of BP (BP.) up 50% since I bought, Pendragon (PDG) up 37% and Old Mutual (OML) up 44% I thought a few recovery shares were worth a punt. After all, Pendragon were down and out when I bought into them last year – but look at their chart now, they seem to be on an interrupted rise.

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