Archive for November, 2010

Xcite rumours Berkeley Mineral and Centamin

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13 years
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The portfolio has generally held up quite well to what has been quite a bad week for the markets. Given that this was a bad week for miners, things are not looking too bad. I hope this is a short term drop back in preparation for the traditional rally up to XMAS.

Xcite have once again been in the spotlight all week with rumours of delays and problems causing the share price to drop over 50p, right back to 240p due to panic selling. Yesterday Xcite very sensably released an RNS to calm the nerves. The price is now sitting at about 260p. – Give me some more rumours anytime – I got in with a little spread bet as soon as i read the RNS and closed at 260p. – Flow results now due on the first week of December. – I am expecting at least 350p on this news!

I sold my Centamin holdings this week but not because I have lost any confidence in the company… I needed to free up some cash to buy Berkeley minerals that have the potential to provide some good short term gains. Berkeley work in processing tailings from mines in Zambia. They are currently in final negotiations for the acquisition of additional tailings dumps at Kabwe. I am expecting a decent rise in SP on the next RNS!

Nothing else is really moving much. A bit disappointed With Beowulf, – now losing 18% but still holding.

– Still got the Avanti launch to look forward to on Friday. Good odds for a decent gain. Insurance policy on the launch means that failure should not be too devastating to Avanti. Could be a good little earner this one?

I would love to hear your comments, or any tips you may have! If you don’t want to comment publicly you can email me using “websitemail at dailytrading.co.uk”

More updates next week. – Usually Wednesdays.

– Update…

Took a chance this week and invested in a couple of penny shares. To fund these high risk buys I sold £1000 of BP and bought into two companies that were brought to my attention by Paul at investortrader.co.uk.

The £1000 was split between Alecto Energy and Edenville Energy. – @ 3.4 and 0.82p. Both companies are much smaller than I would normally invest in, but after doing some reading it’s quite apparent that both have acquired some excellent resources + I am feeling brave today!

All time high.

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13 years
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Another good couple of weeks. The Portfolio is running a 65% profit in just over four months. If only I could sustain this kind of growth for three years and I would be a millionaire. – Always good to aim high.

Only a small number of trades to report this week, none of which too successful. I sold Supergroup (SGP) at 1220p for a profit of £160 following their RNS which looked quite positive. I got spooked by the lack of rise after the news and sold out too early. The price then dropped by about 100pts before rising right back up to over 1400p. Note* trust instincts.

With the money released from the sale of SGP I bought into two shares I have been following for some time. First, GKP who have had a lot of press over the last year and have sustained some incredible SP gains. – It’s always difficult jumping at such a late stage but they keep on producing fantastic reports. The recent investor presentation is worth a read and forecasts much more to come.

The remaining £750 was put into a company called Beowulf mining. BEM have shown big gains lately with a fantastic rise in SP over the last 5 months. I bought in at what I thought was a good entry point. – Turns out I was too early as they are now trading at 21p – With no bad news to speak of this looks to be a really good entry point. Currently running a £160 loss here! Ouch. Holding for now as I can see this turning around on the next RNS.

Once again my favourite share Xcite Energy is up again. This is going to be an extremely interesting week. They are due to release flow test results for the 9/3b-6 well on the Bentley field. XEL have been very forthcoming with predictions for future production but it all depends on these flow tests. – This really could be 60 or 600p on results day. Nail biting stuff.

I had hoped to report some good gains with Victoria oil and gas this week but running profit was dented by their recent round of fundraising. VOG has placed 183,708,612 shares at 4.9p. I believe this represent about a 10% dilution. – Currently trading at 5.35p and running a small profit of £110. I believe VOG will continue to rise in the run up to first gas sales from the Logbaba in Cameroon.

BP has fallen back a little this week but look like a small set back. – I would probably top up if I had any more money to hand!

Aside from the portfolio I put on a little Spread bet on Avanti Communications last week. They are launching a new satellite. HYLAS 1 satellite has been fully fuelled and will be integrated with the Ariane 5 launch vehicle tomorrow ahead of the launch on Friday, 26 November. – Very exciting to have a Rocket launch in the diary!

Good luck all,

All trades are reported in the trades section almost every week! – www.dailytrading.co.uk/trades

Doug

baby news

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13 years
by

Sorry about the lack of updates, I have been on Paternity leave! – My beautiful baby daughter “Talula” was born on the 26th October!

Things have been ticking along nicely in my absence. I think it must be time to take some profits soon. Star of the show this week was once again Xcite Energy that peaked yesterday at 280p following a very positive RNS. They have since dropped back to a respectable 220p on profit taking. – Still a £2000 profit on this share alone in just two weeks!

Others doing particularly well are Vitec group – up to 530p. These have been fluctuating lately so considering a sell with view to buy back in.

BP up again at 450p. – This was my original sell target but they are sustaining a steady rise so holding for now.

SGP have delivered again. – Share price has gone up prior to tomorrows update. Let’s hope for good news! – I have confidence… Target 1400 – Stop 1150

VOG (Victoria oil and gas released a very positive update. This share should start to move up soon. In my opinion VOG are now seriously undervalued. VOG did have a run of bad luck and it may take a while for confidence to grow here. This is a risky one but could pay off.

Looking to sell PZC this week for a good profit of about £200. Probably more to be had here but I need to take some profits!

Once again Centamin have been good to me, now at 190p.

No trades to report this week but a running a profit over over £3100.- time for some sells perhaps?

More updates next week

Doug.

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