Welcome to week 10 of this portfolios journey to £10,000. Find the full description of this project and the outline of the goals here at week 1
The updates in this article will see this portfolio reach 22.8% of the goal
Last week change +0.6%
⚠️ Disclaimer ⚠️
I am not a financial adviser, and the information I share is based solely on my personal investment journey as an average individual. Please remember that past performance of the market is not a guarantee of future results. Always do your own research and consider seeking advice from a qualified professional before making any financial decisions. Only invest what you are willing to accept losing.
Last Week’s Portfolio Performance
Last week saw a decline of 1.5% in this portfolios value equating to a total loss of £34.16. Most of this loss has been attributed to the reduction in share price of Cameco CCJ.
Cameco’s Decline
The week continues with a huge 7.84% decline in the value held of Cameco seeing the return of this stock reach -16.66%. While the reason for this severe decline in value may be obvious to some, it still escapes me.
I have spoken of Cameco in a number of my previous posts relating to this portfolio and the challenges the company is facing. Despite these challenges, my perspective is that the company is in a great position to handle said challenges and has a promising future that will see this portfolio benefit from it’s acquisition.
On Feb 20th, Cameco released their 2024 results. The financial results showed lower net earnings due to the Westinghouse acquisition, but key metrics improved. The company expects strong performance in 2025, driven by favorable market conditions and their investment in Westinghouse. They are committed to long-term sustainability and have secured contracts for 28 million pounds of uranium annually from 2025 to 2029.
Cameco also had record breaking annual production at McArthur River/Key Lake. With 20.3 million pounds of Uranium packaged, this not only sets both a new annual production record for the Key Lake mill, but also a world record for annual production from any uranium mill. This was made possible in part by Cameco’s investments during care and maintenance in automation, digitisation and optimisation projects to improve the Key Lake mill.
Realty Income Dividends
Realty income announced their 129th dividend increase payable on the 14th March with an ex-dividend date of the 3rd March. The monthly cash dividend was raised from $0.264 to $0.268 per share.
Before any further investments, this portfolio holds c.2.8 shares in Realty Income, so there will be a small share of this heading our way.
monthly cash dividend to $0.268per share from $0.264 per share. The dividend is payable on March 14, 2025, to stockholders of record as of March 3, 2025.
This Week’s Investments
This weeks £100 will continue to be divided up in the same fashion:
- 20% towards higher risk stocks
- 40% towards dividend stocks
- 40% towards ETFs
Higher Risk Percentile
Despite the drop in value, my instinct and research is telling me that Cameco is still a good place to be investing money.
Their financial reports looked promising and externally the demand for nuclear power is rising due to global energy security concerns and a commitment to carbon-free energy.
In addition to this, 31 countries have signed the declaration to triple nuclear energy capacity by 2050 as described in Cameco’s ‘Supply & Demand’ report.
The biggest risk that appears to be present is the inability to keep up with demand which is a mighty fine problem to have!
For this reason, the 20% higher risk percentile will be allocated to Cameco.
Dividend Percentile
Being a sucker for a sweet deal, the 40% dividend percentile will be heading into Reality Income to make the most of their March dividend payout.
Realty income should be producing their financial earnings tomorrow (24th Feb), so it will be interesting to see how their performance has been.
ETF Percentile
Back to the simple and easy approach of always be buying, I will be incorporating the 40% ETF percentile into the Vanguard S&P 500 for safe measures.
Next Week…
Keep an eye out next week for a further update on this portfolio as we journey our way to £10,000.
If you missed last week, you can find it here.
If you like these articles and are interested in the progression of this portfolio, hit the like button at the top or bottom of this article. Your input means a lot and will help to shape the future of this blog.
Have a great week!
