OK, we're now into the second half of the year and things are still fumbling along in the year to date with my portfolio continuing to trail behind the FTSE100 in 2014, and continue in negative territory at -2.20% year to date.
Dividends for the month were healthy with Rolls-Royce's Final dividend hitting my account with a nice metaphorical thud.
Smaller contributions came from Tesco and GE.
A larger contribution will come in August courtesy of National Grid.
I also made a top up of my recent Barratt Developments investment.
Performance has been slightly different than previous years and clearly I have some underperformers in the likes of Morrison and Tesco, both part of the big four supermarkets supposedly under threat by an emerging discount supermarket sector.
I'm not sure I believe that to be true or certainly not that its a permanent change given the long felt effects of the credit crunch.
In fact I would expect the discounters to begin to fight to hold their newly expanded client base but that this in turn will increase costs and in turn add "frills" to the no frills experience. This could come in the form of new stores or refurbished stores so it will be interesting to see if they can maintain their margins and customer loyalty as the economy strengthens and brand marketing calls at shoppers.
Either way, it will take time for analyst and investor perception to change, given the entrenched explanation now in place. It may be right, it may be wrong but once embedded, it takes time and trending numbers to change perception.
For myself, it looks like I have given supermarkets too long a leash unless the longer term performance of the sector can prove this to be just a blip caused by a deep recession.
Additional underperformance factors in the current year are BG group, and Rolls-Royce and the strength of the pound which has added a discount to the valuation of all of my US holdings. A good time to buy more US holdings it seems.
As ever, news of global conflicts and concern as to the unknown outcomes have a macro effect on markets and my portfolio.
So tabular performance is as follows:
| Merchant Adventurer's Index | ||||||||||
| Forecast | 1 month | YTD | 43 mth | |||||||
| Price | % holding | Div. yield | % gain | % gain | % gain | |||||
| R-R | 1040.00p | 29.91% | 2.23% | -2.71% | -16.90% | 58.42% | ||||
| National Grid | 855.00p | 14.94% | 5.06% | 1.79% | 8.50% | 54.61% | ||||
| Aviva | 504.00p | 11.75% | 3.26% | -1.27% | 12.07% | 49.17% | ||||
| BP | 484.00p | 5.59% | 4.83% | -5.93% | -0.83% | 6.84% | ||||
| Apple ** | $95.60 | 7.03% | 1.75% | 2.08% | 16.62% | 55.50% | ||||
| Vodafone | 198.00p | 2.15% | 5.76% | 1.54% | -21.52% | -21.52% | ||||
| Verizon ** | 3018.89p | 1.57% | 3.54% | 1.25% | 8.77% | 8.77% | ||||
| IG Group | 610.00p | 4.36% | 4.20% | 3.83% | -0.97% | 27.83% | ||||
| William Hill | 353.00p | 3.19% | 3.49% | 7.62% | -12.17% | 91.66% | ||||
| Imperial Tobacco | 2571.00p | 2.87% | 5.44% | -2.24% | 9.97% | 13.81% | ||||
| BAT | 3483.00p | 2.62% | 4.19% | 0.14% | 7.57% | 3.84% | ||||
| General Electric ** | $25.15 | 1.92% | 3.04% | -5.04% | -12.27% | 52.27% | ||||
| Microsoft ** | $43.16 | 2.09% | 2.23% | 2.70% | 12.75% | 42.77% | ||||
| BAE Systems | 428.00p | 1.70% | 4.81% | -1.13% | -1.61% | 29.70% | ||||
| Centrica | 309.00p | 1.54% | 5.69% | -1.15% | -11.13% | -6.82% | ||||
| SSE | 1457.00p | 1.60% | 6.14% | -7.02% | 6.35% | 18.94% | ||||
| Morrisons | 169.00p | 0.85% | 7.78% | -7.85% | -35.25% | -36.85% | ||||
| BG Group | 1172.00p | 1.36% | 1.57% | -5.10% | -9.67% | -9.57% | ||||
| Tesco | 258.00p | 0.82% | 5.44% | -9.22% | -22.84% | -35.33% | ||||
| Barrat Dev. | 349.00p | 1.24% | 3.93% | -6.61% | -2.37% | -2.37% | ||||
| Cash | 0.91% | 0.00% | ||||||||
| 100.00% | 3.49% | |||||||||
| 1 Month | YTD | 43 mth | ||||||||
Virtual Portfolio gain (incl. Dividends)
| ||||||||||
- 1 month gain 2105.28 -
| 2092.15 | -0.62% | ||||||||
- YTD gain 1644.62 -
| 2092.15 | -2.20% | ||||||||
- 43 month gain 1264.20 -
| 2092.15 | 65.49% | ||||||||
- 55 month gain 1000.00 -
| 2092.15 | 109.22% | ||||||||
FTSE gain (excl. Dividends)
| ||||||||||
- 1 month gain 6743.94 -
| 6730.11 | -0.21% | ||||||||
- YTD gain 5897.81 -
| 6730.11 | -0.28% | ||||||||
- 43 month gain 5971.01 -
| 6730.11 | 12.71% | ||||||||
- 55 month gain 5412.88 -
| 6730.11 | 24.34% | ||||||||
| Transactions: | ||||||||||
| 03/07/2013 | Div | Rolls-Royce @ 11.9p per share | ||||||||
| 05/07/2013 | Div | Tesco @ 10.13p per share | ||||||||
| 23/07/2014 | Buy | Barrat Dev. @ 3.6318p | ||||||||
| 29/07/2013 | Div | General Electric @ 10.85p per share | ||||||||
| Notes: | ||||||||||
| * US Dividends are adjusted for exchange rate and 15% withholding tax | ||||||||||
| ** Sterling : Dollar exchange rate = £1: $1.6887 as at 31/07/14 | ||||||||||
And the chart picture:
 |
| Click to enlarge, close to return. |
Looking ahead I am planning to add new monies to my Portfolio and make additional investments ahead of the year end.
And, with little to encourage at the moment it would seem a flat year of performance is the best I can expect as I look to the year end.
Previous Posts:
- June 2014: Portfolio Update.
- May 2014: Portfolio Update.
- April 2014: Portfolio Update.
- March 2014: Portfolio Update.
- 2013 Dividends profiled.
- February 2014: Portfolio Update
- January 2014: Portfolio Update
- December 2013: Portfolio Update.
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