Archive for December, 2010

Last post of 2010, 10k-19k in 6 months

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14 years
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It’s been a really good year. – The value of current holdings up 90% from 10k to 19k since first buys in July.

XEL delivered! Typically just as I sell part of my XEL holdings an RNS comes out announcing flow tests were underway. – At this point I questioned what on earth I was thinking when I sold. Unfortunately I had already spent the money so I opened a reasonably large spread bet to buy and it paid off. – Well done to all those who stuck it out. I was Pretty much in for the whole way, barr 10p… 80p to 370p nearly £5000 profit in all, so a good trade.

Today on announcement of the director sells I have realised my remaining 1149 shares for the site. A decision i may well regret later but I feel it’s time to bank some more profit. – I will no doubt invest here again in the future.

In the short term I have moved some of the XEL funds into Avanti and Encore Oil. – Both of these companies look set to have a fantastic 2011.  – An extract from an article on iii ”

After a difficult 2009 for the group, EnCore Oil’s shares have risen over seven times this year after it thrilled the market with news of an oil discovery at the Catcher Field in the North Sea.
The discovery at Catcher and subsequent side-tracks were hailed “hugely significant” for the company by Chairwoman Christine Wheeler.
Most recently, EnCore spudded its Varadero well in Central North Sea block 28/9 with partner Nautical Petroleum.
The well, which is likely to be drilled to around 4,125 feet to check whether hydrocarbons are present in the Tay sands, will take around 20 days to complete.
And it’s shaping up to be an equally busy 2011 for EnCore, which is also planning further appraisal drilling at the Cladhan discovery in the first quarter.”

Encore news is only two weeks away now so I would expect the price to go up from here!

An additional £1000 was put into Avanti who I am convinced have a really good year ahead. I think it’s too good to miss at current prices. They are winning contracts left right and centre and are set to be the future of broadband for rural areas. I for one am looking forward to a decent broadband speed in Cornwall!

Endenville are flying! 144% profit in only a few weeks. Amazing, Just wish I put in more than £500 now!

Recent buy Matra Petroleum (MTA) are up 16% and showing a £230 profit.

I am now sitting on a bit of cash. Usually I don’t like not being fully invested but stats are good and markets are feeling a bit top heavy? – What do you think?

I did make some other investments last week. – Not listed on the website as they were outside of the websites 10k. I thought I would mention them anyway!

First was a tip a picked up from a blog comment. – It’s a long shot but has the potential for some really big profits (which we like) – Porta communications. Essentially a new company. David Wright has done it before why shouldn’t he be able to do it again… Here is a telegraph article

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8152584/Citigate-founder-David-Wright-to-launch-quoted-marketing-company.html

Other buys were CAZA and CGH and AST.

As usual – I welcome any tips, comments or advice! – I wish you all a Merry Xmas and a prosperous new year!

Blame the snow.

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14 years
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I am blaming the snow for the late update this week, just like everyone else!

Just a handful of trades this week;

Firstly I sold Premier oil to raise some funds to buy back into Encore oil. – Both had seemed to have reached a plateau, but Encore has a lot more news in the pipeline. Currently waiting on a weather window… – Just like XEL, the rigs are less than 100 miles apart…

I also sold the remainder of my BP shares this week. I got out the day before the news announcement that the US government were to sue them. – I expected this would hit the SP even though it was expected, and it did! – I will look to get back in if the opportunity arises. I took a nice 16% profit for the website.

I have to admit that I have sold a part of my XEL holdings. I have watched profits dwindle to nothing in the past and I am really keen to protect some of these fantastic gains. – I sold out at about 260p on the RIG contract RNS. – this turned out to be a bit early as typically the XEL board released another RNS yesterday announcing extended funding from Yorkville (same terms as the previous deal). Depending on how long these flow tests take, there may well be another buying opportunity on this before it’s too late!

Portfolio is recovering nicely after a very poor week. Especially Edenville and Berkeley! –  The more I read into both of these companies the more excited I get about them. Loads of potential.

Still disappointed with Avanti, this company are flying along and their SP is dropping. Watch this space – I am convinced that they will not be this price for very long.

Another surprise for me was Supergroup. They have dropped nearly 20% on another really positive RNS. – Great time to buy in? – I opened a spread today at 1307p. – Just gone into profit.

Good luck all.

9th December – XEL flow tests this week?

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14 years
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Not much time for updates today as I can’t keep my eyes off the Xcite SP! – I am not sure how much longer I can wait. Will these flow test results ever materialise?

Due to lack of time, just some thoughts on my current holdings;

Avanti – Little disappointed with the SP move from Avanti, but in hindsight this should have been expected. With So many “Day traders” in for the launch, the retrace was inevitable. Longer term I still think this is a great share with heaps of potential.

Recent Buy Edenville (EDL) are up 75% – What an amazing result! The African coal and exploration company shares seems unstoppable on Monday only slowed by a company RNS telling investors that they new of no reason for the massive rise. Holding for now as this one could well have much more to come. Stop 110p limit 250p

Beowulf Mining (BEM) – not much going on here. I have to admit that following the November resource update I expected these shares to fly up. I still think there are gains to be had here. – The question is, Am I patient enough to wait for them?

British Petroleum (BP.) – Showing a nice profit of just under £200. I am starting to consider this a safe option once again with much more potential for upward movement than down. With all the Penny shares creeping into the portfolio lately I could probably use a few more BP’s!

Vitec Group (VTC) – have continued their steady rise and I am now running a £500 profit with them. Do charts get much better than this?

Alecto Energy (ALO). Showing a 4% rise on buy in price. This one may be a bit of a waiting game, but with 14278 shares for £500, not too much in the way of tied up funds and with big potential gains this one is well worth holding on to.

Premier Oil (PMO). Have smashed my original target price of 1750 and have continued to rise. Now showing a nice profit of £250. Perhaps a good candidate for some profit taking?

Berkeley Minerals (BMR). Now showing an 11% gain. With rumours that the Kawbe deal will complete before Christmas I can only see this continuing to rise.

Xcite Energy (XEL) still waiting on flow tests. Weather in the North Sea has been holding things up. Investors have been amusing themselves by tracking the movement of the oil tanker Betty… I think the captain must have got wind of this as she has been doing circles in the North Sea! – I have allot riding on this share… we should hear something soon! – Good luck all.

BTW, Thanks to those who have emailed me with tips and news – Happy to read any more you have. Feel free to use the comment system or just email me at “websitemail AT dailytrading.co.uk”

More updates next week.

Xcite Energy. Ascent

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14 years
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No Xcite update yet. – It must be soon!

I just bought into Ascent resources. Another spread bet as fully invested for the website… Its early days but they have just been provided with funding from Yorkville (who financed XEL and GKP among others) for a key stage of their drilling programme. SPUD announcement imminent.

– No trades this week on the portfolio but will update on Wednesday.

Research Ascent Resources – AST (Bold good, italic bad)

European Oil Producer (No political stability risks)
MCap 37m
SP 6/12/10 : 7.19p Following big rises 19/11 and 5/12/10
Lots of trades 5th and 6th Nov

Lots of intangibles (49%) but less than 2008 (65%)
P/E:  -2.25
Losses 2008 2.8m;  2009 10.6m
Acid Test 0.83 – not awful
Debt/Loss ratio -1.05
More cash available than at any time during the last 4 years

Lots of blog/forum talk of huge gains

This is an RNS “Buy”

Director Buys/Grants of options/drilling and financing reports have all boosted the SP in late Nov early Dec 2010.

RNS of 2/11 confirmed that drilling will commence on 16/12 in the Slovenian Petisovci-Lovaszi project area in which the Company recently announced an independently verified P50 estimate of gas-in-place of 412 Bcf.
This is “expected to be a producing well”

– Please do not take this info as a tip of any kind! – I am simply publishing my opinions and thoughts. I also cannot guarantee any or all or this is factually correct.

Cheers

Doug

Hylas one is in orbit! – KA band comes to Cornwall

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14 years
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Watching the Launch live on Arianespace’s website on Friday evening was brilliant. Even my £2pp spread bet was enough to keep me on the edge of my seat. I would recommend it to anyone!

Actually, Living in rural Cornwall the only thing that let it down was my terrible broadband connection! Luckily for me – this RNS came out on Tuesday!


“Avanti Communications Group plc (AIM: AVN), is delighted to announce that it has signed a 5 year agreement with BT for the provision of satellite broadband services via its HYLAS 1 satellite, successfully launched into orbit on November 26th 2010.”

Under this agreement, Avanti will supply satellite broadband services as required by BT as part of a recently announced £132 million next generation access project in Cornwall”

Brilliant news. – I must free up some money from somewhere and get some Avanti in the portfolio – This company is going places…

Other than the Avanti Spread, I haven’t made any trades this week as fully invested. Not much movement anywhere. – Actually i was pleased to see that markets were holding, it was looking like we might see a dip before XMAS.

We are still waiting on the flow test results from XEL. There is speculation that a resource update may follow the flow test results. Currently even if if previously posted P90 figures are correct, we are still looking at considerable gains. Yesterday morning they released an RNS with a “buy out prevention plan”. This in my view is another show of confidence and has to be a good sign.

I have had a couple of emails mentioning MOIL. Although this company looks to have good potential, there are not enough solid facts there for me. – yet… I actually ran this one past the “Troglotrader” who responded with the following. Worth keeping a close eye on though…

“MOIL – Only listed on Nov 29th: 50M£ issue, giving the co a mCap of 189M£.

The issue document just mentions ‘using the £ to explore licence areas with the hope of finding …’. Not exactly clear-cut objective – no real mention of proved reserves.

The SP has fallen from the issue price of 92.75p by 4% to 89p. The market judgement is thus that this is not exciting – only 2 trades this morning so far.

Not for me!”

BTW – Although his advice is usually brilliant, the “troglotrader” has been know to be wrong on occasions and he was keen to mention that this is not advice and is purely an opinion!

Check back next week for more updates!

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