A big chunk of that was down to the controversial privatisation with our nominal holding showing an increase of more than £300 in early trading. But virtually all our tips showed gains, with housebuilder Galliford Try, British Polythene Industries, John Menzies and Legal & General hitting new peaks.
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As usual we have raised our stop/loss levels on all these shares and will sell at these prices in the event of any major relapse to ensure we can lock in the bulk of profits.
We believe it is particularly important to set a selling level in the case of our Royal Mail shares which no longer seem such a screaming buy with the prospective yearly dividend yield now down to an unexceptional £4.19 for every £100 invested at current prices, against an original £6 at the 330p issue price.
The next few weeks could be crucial as small investors become free to sell after getting their allotments and big institutions complete buying orders. As things stand, the issue helped our 2013 portfolio to easily its highest valuation since its launch back in January, with a gain of nearly £500 over the week.
The other selections could not keep pace after failing with their nominal applications for the Royal Mail shares, although the 2010 list moved back to above 100% overall appreciation with a 2.3% gain over the week. The 2011 portfolio showed a similar rise to show total growth of more than 70%.
The 2012 selections added 1.5% although both safety equipment group Halma and Centrica suffered the effects of stockbroker downgrades.