Archive for September, 2010

All in profit – that’s a first.

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14 years
by

It’s been an exceptionally good couple of weeks and for the first time ever, all shares in the portfolio are showing a healthy profit.

In terms of realised profit for the website, the only sale was TRI (Trifast). I actually think that there is more profit to be had from TRI but I was looking for more money to invest in a new interest of mine. – Xcite Energy. (XEL) I have been watching this one for a while and there is no doubt about their potential for massive gains in the future. On the 16th I happened to be watching this share and the volume of trades increased significantly. I had been waiting for a good entry point but not wanting to miss a sudden rise I bought in with £1200. This turned out to be a fantastic trade and they went up 40% in three days! This has dropped back a little since but I used the retrace and the Trifast money to top up to £2000 invested. Currently 22% profit.

My reader will remember that I bought back into centamin last week following a minor downgrade to their production forecasts. – As expected CEY soon released another positive RNS pushing the price back up to previous levels. Still holding on to CEY as there is more to come.

PMO still showing 8% up. – With no real news, I am assuming this rise to be a result of allot of take over rumours floating about right now. The recent RNS was fairly neutral so I will be considering moving from PMO to Encore or Enquest over the next couple of weeks. – keeping an eye out for a good exit point.

Yamana gold has had a good week and is showing a 7.5% gain.

All other shares are running a small profit of between 4 and 10%.

Next update will be in a fortnight.

Taking profits.

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14 years
by

I know it’s been a couple of weeks since the last update but last week there was actually very little to report. The portfolio was rising slowly and I was still kicking myself for not selling Petro Matad for £500 profit.

This week was a different story. Time to make some trades.

Last week I sold my recent purchase “Micro focus international”. A few weeks ago it took a massive 50% dive after an RNS reported a small drop in profits. It was completely oversold so I bought in at 280p. They flew up to 360p and I sold out for a £200 profit. I suspect I got out too early but who cares (24% gain in 3 weeks!)

Yesterday I had the feeling that things were getting a little top heavy so I decided to take profits in Petro Matad and Supergroup in case they fall back again. a £490 profit in MATD and another £100 from Supergroup. All very good news for the website profit figures.

The rest of the portfolio is also looking up with no real losers right now.

BP seems to be back on the up and are currently showing a profit of £100. I expect a steady rise over the next 12 months is all goes to plan. – Just how steady will determin when I get bored of them and get out!

Trifast has come back a bit from a high of nearly 40p 2 weeks ago. Should have sold then but I didn’t. Now playing the waiting game in the hope it will return to those levels again. On paper it looks V good.

Premier oil (PMO) was another good buy. Currently up 8 percent on buy price. I could sell for an £80 profit but I think there is more to be had here. Rumours are still circulating about potential take overs.

Yamana gold havent moved much this week but all the signs are good for this company. Last month a 33% rise in dividends were reported. This were bought after two fairly serious director buy in’s last month. Holding for now awaiting further news. – Ex Div date is 28th sept.

This week I also bought back into an old favourite of mine. Centamin has been a fantastic share for me in the past and I am confident they will deliver again. Earlier this week there share price dropped back over 10% following a downward revision to it’s 2010 production guidance. The production forecast has dropped form 200K ounces to 160-170k. The report suggests that this should be a short reduction to output. I still believe that CEY has a good future and I hope this minor set back has provided a nice buy in opportunity!

More updates to come.

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