At the start of October we decided it was time to capitalise on the fall in FCCN’s share price, doubling the number of shares owned on the 5th October at 23p per share. Lowering our average cost to 25.625p per share. However the share price recovered over the course of the month. Following this we realised our gain, just above our stated fair price, at 34p per share representing a profit of £2900 on a total £8960 investment and achieving a more than satisfactory HPR of 32.35%.
Our TMMG investment is still performing at a satisfactory rate, closing the month at a price of 46p per share, representing an unrealised gain of £860 and a HPR of 8.67%.