Since the end of the month is upon us once again, the time has come to have a look at the Investment Cases that we have put forward and see how these cases are fairing.
First we will start with the most recent of the lot, being Invicta Holdings Ltd (IVT). We are still comfortable with a longer term investment in IVT, however we are waiting for confirmation that the symmetrical triangle formation is going to push the price higher before we commit to buying any stock. It must be said though that it does look attractive at its current price, but patience is of utmost importance. Right now we are waiting for confirmation that the immediate down trend will end and not break out the bottom of that triangle. If such a break lower does occur, then it will put us in a more favourable position as it would mean that we can get IVT for much cheaper. For now though, we have to watch rather carefully for the opportune moment to present itself.
We also had a few words to say about Imperial Holdings Ltd (IPL) during the last month. We bought some stock at R182.05 and some more at R185.00. For the purposes of this blog, we will record the entry as R185.00 as that is where the majority of the volume was bought. Since most times we buy rather sizable volumes of shares on behalf of our clients, the average price we pay for them is rather important.
Take note that all the prices used in the table below are the closing prices from yesterday (30 October 2012):
First we will start with the most recent of the lot, being Invicta Holdings Ltd (IVT). We are still comfortable with a longer term investment in IVT, however we are waiting for confirmation that the symmetrical triangle formation is going to push the price higher before we commit to buying any stock. It must be said though that it does look attractive at its current price, but patience is of utmost importance. Right now we are waiting for confirmation that the immediate down trend will end and not break out the bottom of that triangle. If such a break lower does occur, then it will put us in a more favourable position as it would mean that we can get IVT for much cheaper. For now though, we have to watch rather carefully for the opportune moment to present itself.
We also had a few words to say about Imperial Holdings Ltd (IPL) during the last month. We bought some stock at R182.05 and some more at R185.00. For the purposes of this blog, we will record the entry as R185.00 as that is where the majority of the volume was bought. Since most times we buy rather sizable volumes of shares on behalf of our clients, the average price we pay for them is rather important.
Take note that all the prices used in the table below are the closing prices from yesterday (30 October 2012):
|
Share
|
Bought
|
Current
|
% Move
|
|
Coronation (CML)
|
R29.50
|
R33.00
|
11.86%
|
|
MTN (MTN)
|
R155.00
|
R156.00
|
0.64%
|
|
Brait SE (BAT)
|
R28.00
|
R34.85
|
24.46%
|
|
Cashbuild (CSB)
|
R150.00
|
R149.00 (+ R2.73 divi)
|
1.15%
|
|
Imperial (IPL)
|
R185.00
|
R196.85
|
6.40%
|
We will be keeping our eye on IVT and will post an update as soon as we have decided to buy.
Also take note that we will be posting the performance of the Solid Growth Investment Club in the coming days, so remember to come have a look at that. Further, we really like the feedback we are receiving on the poll that can be found at the right (upper) are of our blog. We would like to thank you for the votes and want to encourage you to please keep those votes coming so that we may know how best aid you in your trading and investing journey.
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