USA: Status of the American Fantasy Portfolio as of October 11, 2019
At the recommendation of Bob Furman I looked at Cohu Corp [NASDQ:COHU] and agreed it was buy and put in a market order the next day. So now we are pretty much to the limit of our cash... overall things look good this week.
American Fantasy Stock Portfolio Update... October 11 , 2019
Transaction History
Transaction................................................. Comments............................................................. Amount
..... Date
.......................... Initial investment........................................................................................... 100,000.00
19-Aug-19........ Buy 2000 shares of Seaspan Corp @ $10.00/ share....................................... -20,000.00
25-Aug-19........ Buy 1500 shares of Barrick Gold Corp @ $19.15/share................................... -28,975.00
29-Aug-19........ Buy 2000 shares of Algonquin Power & Utilities @ $12.90/share.................... -25,800.00
13-Sep-19......... Sale of 1500 shares of Barrick Gold Corp @ $17.30/share ............................ 25,950.00
16-Sep-19......... Market order 2000 shares of BP Prudhoe Royalty Trust filled @ $10.38/sh .. -20,760.00
08-Oct-19.......... Market order 2000 shares of Cohu Corp filled @ $13.81/share..................... -27,620.00
.................................................................................................................................................... ---------------
............................................................................Cash on hand including any dividends....... $2,525.00
Current Portfolio as of October 11 , 2019
Ticker.................. Company.......................Shares..... Price.........Value....... % Gain/loss...Dividends*
SSW................. Seaspan Corp.................... 2000...... $11.17... $22,340.00......... 11.70%
AQN ................ Algonquin Power & Util...... 2000...... $13.63..... 27,260.00........... 8.06%
BPT ................. BP Prudhoe Royalty Trust. 2000...... $ 8.77...... 17,540.00 .........15.51%
COHU............... Cohu Corp........................ 2000.... $14.27...... 28,540.00 .......... 3.33%
............................................................................................... ----------------
............................................................Total value of stocks. $95,680.00
* Dividends are for reference only the cash is added to Cash on hand
Total Portfolio Value Summary
Cash on hand:.... $2,525.00
Total Value Trend
Date................... Value........ %Gain/Loss
02-Aug-19..... $100,000.00
23-Aug-19..... $100,320.00...... 0.32%
30-Aug-19..... $101,195.00...... 1.20%
06-Sep-19...... $ 99,790.00...... 0.21%
13-Sep-19......$101,035.00...... 1.04%
20-Sep-19......$ 97,915.00 ...... 2.09%
27-Sep-19......$ 97,635.00 ...... 2.36%
04-Oct-19....... $97,015.00 ...... 2.99%
11-Oct-19....... $98,205.00....... 1.80%
Charts
This is the reason for the spike of volume of AQN last Friday and dip in price
Algonquin Power & Utilities Corp. Announces Pricing of Upsized Public Offering of Common Shares
OAKVILLE, ON, Oct. 10, 2019 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("APUC" or the "Company") today announced that it has priced an underwritten marketed public offering of 23,000,000 common shares of the Company at a price to the public of US$13.50 per share (the "Offering")..........
The net proceeds from the Offering will be used to partially finance certain of the Company's previously-announced acquisitions, to partially finance the Company's renewable development growth projects, and for general corporate purposes. These public offering are a nuisance but company needs money. About 8.4 million shares were traded on Friday in the USA... if I look at the Canadian stock AQN.TO I see 5.3 million shares traded. In my naive thinking over half of the 23,000,000 have already been traded.... that is a guess because there would be other trading... the offering should be finished by the end of next week.... in the mean time the share price should hover around $13.50 next week.
I don't see this as a negative .
SSW took a NICE leap in price.... this is not a breakout This is just a wild consolidation going on right now.... I expect the price might rise as high as $11.40 before it settles down and the Bollies tighten.
 .
BPT may rise it may drop again.... who knows where Oil is going??? Remember there is a healthy dividend coming soon....once we get it then we shall see if we keep the stock. The is the boat anchor for this portfolio
Cohu looks like it may be preparing for a break out.... Nice suggestion Robert...
UE |
