Archive for January, 2012

Dialight and Aureus Mining

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13 years
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Those of you following the trades table will have noticed two new buys this week following the sale of KBC that was looking to be a longer term prospect than I would have liked…

Dialight (DIA) is a LED manufacturer that has seen its SP rise spectacularly particularly in in 2010/11. Its products save clients’ money, so it has not been affected adversely by cutbacks to public sector customer budgets.
The SP has been testing 800p for the last 10 months. There is some volatility as this share is now ‘on the radar’. The SP had trickled down towards the end of 2010 to 685p and provided a great buying opportunity, it returned to 800p+ within a fortnight. It struck me that the recent drop to 770p would also be short lived, so I bought in,( perhaps a bit too soon?) I’m hoping for a break through the 800p barrier. The company is no longer ‘cheap’ with a P/E ratio of 32, but has solid finances and has established regular dividend payments whilst ploughing back a third of its profits for future growth.
I see the share as a hold, but with the possibility of some short term selling and buying along the way.

Aureus Mining (AUE) was formed in April 2011 when super successful African Aura Mining was split into Affero Mining and Aureus Mining, separating its iron ore and gold mining activities. Since the split the shares have performed less spectacularly, with Afferro only now coming back to its start level. Aureus recently has begun to move, gaining over 20% this month hitting 90p at one point.
 Singer Capital has said that “given the quality of Aureus’ assets, we think the shares should be valued above most of its peers and using a per ounce value in line with its peers gives Aureus a net asset value of 102p”..
This alone implies around 20% upside to my buy price and with more resources being proved, increased production and likely rising gold prices, the company becomes an attractive takeover target. All in all, a very positive outlook.

Thanks to Troglotrader for putting me on to this one…

Doug

Still going up?

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13 years
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Another good week. – The portfolio is up altogether by about 5% this week. Strangely some of the shares I expected most from have failed to perform and others are doing rather better.

Bezant (BZT). Seems to have been a little selling going on this week despite the large director buys. – Now showing a 8.5% loss on this share. I bought too early and should have taken more care to avoid the predictable retrace. – Buyers will be back shortly and this will tick up again in the wait for news. Plenty of scope for more gains this year with with the Eureka project with talk of special dividends helping to push things along.

GB Group, (GBG). Showing a 7% gain. Big buys still coming in this week with two big buggers coming in yesterday worth nearly a million quid. This has come not long after GB announced that it’s preparing to assist the armed forces, state lotteries and online gaming sites with it’s new age and identity verification system – Consent ID – Lot’s of potential new business here. Profit are also expected to rise this year. – I can’t see this dropping back.

CML Microsystems (CML) – Up 6% since last week. Plenty of orders, new products and more cash than last year. Keeping this one a little longer.

Source Bioscience (SBS) – Showing a 5% gain. Another promising share.  Two significant director buys this week, SBS are making good profit from providing medical solutions for health care providers inc the NHS. They look to be turning a corner, sales are on the up and they have made a small pretax profit over the last couple of years. – I may buy some more…

Dominos Pizza (DOM) – DOM seems to be bouncing a bit today perhaps dropping back slightly after the recent high.  looking at the chart now. – I just sold for a good 12% profit. Could be worth watching out for the next low. – They did open 62 new restaurants over the last year!

Tesco (TSCO) – Shown a constant, albeit slow rise over the last week. I still think this was oversold and will settle a little higher. – Holding for now.

Coastal Energy (CEO) –  Have dropped back slightly but still showing a good 18% profit. No change in my position since last update.

KBC Advanced Technologies (KBC) provide consulting and software. Potential bid target. show strong growth in line with previous expectations. – With Similar growth predictions for 2012 I can’t see why this will not just keep going up

Please don’t take any of my comments as advice – This is simply my trading diary and a means for me to justify my trades…  I am always keen to hear your thoughts – Use the comments system or email me at websitemail AT dailytrading.co.uk

DT

GKP and other buys

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13 years
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Been a busy day for me today. – Firstly, I am back in GKP. I bought back in at 280p and topped up again at 267p. –  I suspect this is a temp low so didn’t want to be out for long.  Still, worth the trouble of selling as I now have a few more shares for my money!

A few other buys as well.

Bezant resources (BZT) is a small copper and gold explorer that has recently done some clever deals… Some very large director buys over the last few day triggered my interest and I bought in at just under 30p. Target 45p stop 24p

Source Bioscience PLC , KBC Advance technologies (KBC), CML microsystems (CML).

Updates to follow.

Sold GKP for 50%

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13 years
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Just sold GKP after hitting the magic 50% profit mark. – This decision will be controversial I know with all the die hard GKP supporters, but a profits a profit, and we have been here before with XEL…

I have a plan to buy back in should any significant retrace occur.

Good luck all. – and I will look forward to your comments

 

Doug

Great start.

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13 years
by

Its been a great start to the year

Coastal Energy is up 18% and showing a 18% profit. – I consider this a good hold for now as there is plenty more potentially good news in the pipeline.

Domino’s Pizza is showing a small £50 profit. (5%). – Hold for now.

IP Group showing a small profit (3%) -Lot’s of potential here, another longer hold. Very interesting share this. – So many links to fantastic companies.

GKP is showing a fantastic profit of 42%! – Need to do more research here. No doubt there is potential for massive gains but as allways – high risk when prices inflated so much on speculation… – Holding for now.

GB Group, breaking even. – Considering a sale here to release funds.

Other than that, I have been considering buying into Supergroup again. – I think they have been oversold. Just a question of choosing the right time to get back in. I may have missed my chance but time will tell

No Buys or sells this week.

 

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