Sold all my Symphony International on Monday at $0.8625.
Discount has narrowed substantially – it’s now got a NAV of $1.16 so trading on a discount of 25%. When I first invested in this in January 2014 the discount was 45%.
The NAV / discount has only fallen slightly – even though the share has paid out quite a lot 35c. Underlying assets have done quite well.
Continue reading “Symphony International ($SIHL) 3- Selling at $86.25 +57%” →
End of year means time to review how I did.
Overall up c22%, given that the FTSE is slightly down for 2014 that isnt a bad result. As quite a few of my holdings are small cap AIM is down quite significantly about 20% so this makes performance even more positive. This was done with minimal leverage.
Continue reading “Review of 2014” →
Just been looking at BTEM – British Empire Securities.
I am generally impressed – although there is not high enough return for me in itself. I think it should do well over the next few years. BTEM is a UK listed investment trust specialising in assets trading at less than their real value.
Continue reading “Mining British Empire Securities” →