Reinvesting the proceeds of Bwin sale

Today I reinvested the proceeds of my recent sales of Bwin.Party (BPTY).

Hammerson

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.”

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Say goodbye to the rest of Bwin.Party and hello to more Segro shares

In a recent post I wrote that I’d decided to cash some of the profit made on my Bwin.Party shares. Well, hearing the old maxim “buy on the rumour, sell on the news” I decided to part with the rest of the shares to lock in a healthy profit.

News that Bwin have launched a number of online poker and casino games in Denmark might sound like good news, but I believe that competition in Denmark is tough with nearly 40 operators chasing relatively few people.

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Sound the fanfare, I’ve sold some shares!

Ever since I started on my journey as the Amateur Investor I’ve been building up my share and fund holdings. Some shares and funds have been bought for the income they produce, some shares and funds have been bought for growth, and some shares purchases have been a complete punt.

Whatever the reason, buy has been followed by buy. Not a sale in sight…

… until today that is!

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Another day, another 22 share trades

Some pound cost averaging of AstraZeneca (AZN) kicked off today’s share purchases, followed by purchased of Cookson (CKSN), Devro (DVO) and Umeco (UMC) on the back of share tips in The Independent this morning.

Lots more pound cost averaging (i.e. trying to make the average price I’ve bought various share at cheaper as the price has been dropping) of PUB, OCDO, BPTY, XMCX, HSX, HSBA, BPI, HWDN, LOG and SGP.

I hope the term “pound cost averaging” doesn’t haunt me.