Share Investor Portfolio 2: Value @ 8 July 2011

The Share Investor 2 Portfolio is a separate portfolio apart from the original Share Investor Portfolio and contains just one share, Contact Energy Ltd [CEN.NZX]. It will only have this one share in it and has a far shorter time frame than the original long-term portfolio that I started 8 years ago.

The portfolio was started July 7 with 9000 shares purchased at $5.34 at a total cost of $48,060.00 and $144.18 in brokerage.

After the second day trading the portfolio is up $90.00 or 0.19% on yesterday's update to be worth a total of $47,970.00. The portfolio is down 0.19% since tracking began on July 7 2011.

Share Investor Portfolio 2 as at 17:30:00, Friday 08 July, 2011 (NZT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
CEN	9,000	$5.340	$48,060.00	$5.330	$47,970.00	$90.00	0.19%

0.19%

	Total cost	Market value	Change
	$48,060.00	$47,970.00	$-90.00

Share Investor Portfolio 2

Share Investor Portfolio 2: Value @ 7 July 2011

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c Share Investor 2011

ASB Securities down, again

ASB Securities has a reputation for an unreliable broking site but this kind of thing is really unacceptable. We are supposed to have confidence in markets and the technology that supports it but this kind of thing does little positive and it is not like it is a one-off.

From the ASB Securities website:

"One of our data providers is experiencing issues with NZX and ASX market data. As a result pricing, quotes and depth may NOT be correct. For live and up to date information please contact one of our brokers on 0800 272 732. We apologise for any inconvenience this may cause."

Check out what my portfolio is worth today.

Share Investor 2 Portfolio as at 11:48:25, Friday 08 July, 2011 (NZT)

Stock	Quantity	Cost  price	Total cost	Market price	Market value	Change	%
CEN	9,000	$5.340	$48,060.00	-	-	$48,060.00	100.00%
100.00% Total cost  Market value  Change $48,060.00  $0.00 $-48,060.00

More Banking Madness @ Share Investor

ASB Bank: Customer "Service"
Bryce the Banker: The Final Insult
Banks not participating in Recession
Bank Guarantees: Time for banks to return the favour
The Return of Bryce
Banking Madness!

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c Share Investor 2011

Im Buying: Contact Energy Ltd

I have finally put my money where my fat mouth has been over the last few months 1, 2, 3, 4 and bought Contact Energy Ltd [CEN.NZX] shares. I haven't bought any shares since I went mad in mid 2009 and spent a good $70,000.00 on cheap shares in AIA (1,2) MFT, WHS and MHI.

I have been a patient little sod for the last few years - regular readers will notice the plethora of CEN posts I have made in that time - watching for my entry point for Contact and below $5.35 was my trigger point . I managed to pick up 9000 for $5.34 and am very happy with the price.

The CEN investment is not part of the Share Investor Long-Term portfolio I have a different strategy for this one that I cannot go into here but readers will be able to follow this investment on a daily basis as it fluctuates in value.

I bought primarily because the stock is cheap and I outlined that yesterday in a morning post (I made the CEN buy at 4.45pm) and because of the distinct possibility that majority owner Origin Energy Ltd [ORG.ASX] are keen to make a bid for the company.

The money I used was borrowed and at 5.75% the greater than 6 % gross dividend yield means that I am still ahead even if I have to hold for a year.


Contact Energy @ Share Investor

Share Investor Portfolio 2: Value @ 7 July 2011
Share Price Alert: Contact Energy Ltd 4
Share Price Alert: Contact Energy Ltd 3
Share Price Alert: Contact Energy Ltd 2
Share Price Alert: Contact Energy Ltd
Stock of the Week - Reprise 5: Contact Energy Ltd
Origin Energy asset stripping Contact Energy
Stock of the Week - Reprise 4: Contact Energy Ltd
Stock of the Week - Reprise 3: Contact Energy Ltd
Long Term View: Contact Energy Ltd
Stock of the Week: Reprise 2 - Contact Energy
Stock of the Week: Reprise - Contact Energy
Not so fast Davy Boy
Still Watching Contact Energy
Beam me up Davy
Stock of the Week: Contact Energy
MarketWatch: Contact Energy - June 2009
MarketWatch: Contact Energy - Jan 2009
Contact Energy looks bright during dark times
Share Investor's 2009 Stock Picks
Follow the Monopoly Board

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c Share Investor 2011

Share Investor Portfolio 2: Value @ 7 July 2011

The Share Investor 2 Portfolio is a separate portfolio apart from the original Share Investor Portfolio and contains just one share, Contact Energy Ltd [CEN.NZX]. It will only have this one share in it and has a far shorter time frame than the original long-term portfolio that I started 8 years ago.

The portfolio was started today with 9000 shares purchased at $5.34 at a total cost of $48,060.00 and $144.18 in brokerage.

After the first day trading the portfolio is down $180 or 0.37%.


Share Investor Portfolio 2 as at 17:30:00, Thursday 07 July, 2011 (NZT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
CEN	9,000	$5.340	$48,060.00	$5.320	$47,880.00	$180.00	0.37%

0.37%

	Total cost	Market value	Change
	$48,060.00	$47,880.00	$-180.00

Share Investor Portfolio 2

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c Share Investor 2011