The markets have continued the wild swings and made some good value companies even cheaper. It's been widely reported that this may be due to fund redemptions, be they hedge funds, institutional funds or unit trusts. There is a flight to cash and when you need cash you sell liquid assets. For this reason I've added to holdings in three companies which look even cheaper, this wasn't the intention but these companies have fallen by a third in the last two weeks. An opportunity not to miss. From a value investment perspective these look good value as dividend paying stocks. They may be cheaper in a few months time but at this price i am happy to buy more:
So £1500 added to the following holdings (Euro= 1.20, $ = 1.50)Manage Security Cameco Corp. 178 shares added at $12.78
Areva Ci 6 shares added at e355
Veolia Environnement 128 shares added at e17.60
The rest of the portfolio has suffered falls, as have the above so the summary now looks like:
Totals £38,097.10
P?L -£4,133.46
Cash Balance £57,575.37
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