I wish I could answer your, from the heart, question, Quinny. I am lucky at the moment, six of my seven companies are showing a profit. The trouble is I don't know how I managed this uncommon investment feat. Bet you can't guess which company is showing a loss?
We lived in a wonderful Old Courthouse in Essex for fifteen years. Over that time I replaced all the rubber insulated copper wiring, and quite a lot of lead and iron pipes. When we finally moved to our small house in NW9 I dug out all the boxes of wire, and the piping that had been under the Courtroom floor and sold it for scrap. In 1997 we made about £700 which paid for the redecoration and carpeting in our small London house. I am fairly sure the value will have doubled now, but my goodness it was a lot of hard work. I think BT may well have a valuable asset in all those exchanges, but actually gaining from it could be a long job.
The graphs still look promising. Thanks for the regular updates MickTKipper, Your figures suggest room for optimism. It was reading about Global's international base and prospects that made me choose CG as the latest addition to my folio. As I only invest my dividends, up to a target holding of £20,000 in each of my companies, it will take me about three years to complete my investment here. I am trying to green my investments gradually, another reason for choosing ContourGlobal, as they appear to be keen on newer, greener technologies. My second reason was the distribution of Dividends four times a year. Very good for small private investors like myself. A third reason was the company's apparent global ambitions. My average buy price is currently £1.68 which shows a tiny loss at the moment but I think is a good entry point. I have been a small private investor for some 25 years now and have seldom been so confident in a new share.
I have been investing for more than twenty years with Selftrade, part of the Co-op bank. When I lost all my investment records (total disaster) I emailed them and by return of post received the computer printout of every transaction I had ever made. I was so pleased that I have never considered changing my broker since. It is certainly worth asking Yoohoo for help...
I do like to have a few more challenging companies in my portfolio, to offset the likes of CNA and SSE, and add interest. I hoped I was buying at a low price, but it remains to be seen if £1.65 is really low. The way I invest is to put all my dividends into my latest choice until it is worth about £20000, so it will be three years before I have finished my purchase here. Some of the latest broker recommendations are promising: Date Broker Recomm. Price Old Aim New Aim Notes 07 Apr RBC Capital Markets Outperform 155.20 310.00 205.00 Reiterates 10 Jan Exane BNP Paribas Outperform 155.20 310.00 300.00 Reiterates 18 Jul RBC Capital Markets Outperform 155.20 310.00 Reiterates 06 Feb RBC Capital Markets Outperform 155.20 325.00 310.00 Reiterates 29 Aug Citigroup Neutral 155.20 245.00 Reiterates I will be very happy if the price reaches its previous high of £2.50.