Currently our £100,000 fantasy portfolio consists of only a 5% position in TMMG which we took our position in for 42.5p per share on the 29th of June. Additionally we have negated £10 from the portfolio to simulate transaction fee’s. We will maintain this throughout all transactions. Unfortunately the share was ex-dividend before the purchase so we haven’t received a dividend payment for the share.
We held the position throughout the period achieving a holding period return (HPR) of 2.2% inclusive of fees. The share price fell at the end of the month from what would have been a HPR of 16.9% at the peak. We will continue to monitor the share price and if we find an opportunity to expand our holding while maintaining or lowering our average cost base we will take advantage of the situation accordingly.