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Sunday, 1 April 2012

Cash - Closing Status 30 Mar

 This week, l have sold M1 3 lots and purchased Advanced Holdings 8 lots, Foreland Fabrictech 50 lots, TPV 3 lots.

I have wanted to average down on Advanced Holdings but the additional 8 lots purchased this week was not enough to lower the average buying price; hope to sell it off soon at break even.  Doing the same average down on Foreland and l have probably committed too much funds by doing so at 50 lots!  TPV has corrected more than 25% off from its recent high of $0.42 so, l have invested a small sum in it at 3 lots and if its price worsened next week then l would consider increasing investment in it.

Sold off M1 3 lots at nett gain of $239.  The ex-dividend date on M1 is 11 April and for 3 lots at dividend rate of $0.079, the expected dividend amount is $237.  My exit selling price which resulted in $239 nett gain is in line with the next expected dividend amount of $237 for 3 lots. 

 Portfolio walk since previous posting :-

$1,572 Total Returns as of 23 Mar 

+$239 Gain on sales of M1

-$485 Unrealised positions worsened

$1,326 Total Returns as of 30 Mar

previous posting :- Cash - Closing Status 23 Mar







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