Lot of requests for an update on the 100k to £1 million challenge!
The initial trades where
225,000 San Leon purchased @ 36p per share total cost £81,406
70,00 Cadogan purchased @ 23.50p per share total cost £16,450
Total cost £97,856
The current value for San Leon £87,750 @’39p
The current value for Cadogan £31,500 @45p
Total present value £119,250
That equates to an increase of approx’ 2% on the initial £9,856.
So an excellent performance from Cadogan where I now see bigger gains to at least 50p possibly 55p over the coming news time-line. San Leon, although they did hit 41p and we are trading approx’ £6,000 in profit, hasn’t exploded upwards as of yet. Positive news should be released which may light San’s blue touch-paper. Big hopes for San Leon!
So all in all the challenge is very much ongoing. I do have other plays to invest in but will await the next round of news from both investments before deciding the next few steps of the strategy!