Archive for March, 2012

APR and TEP

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13 years
by

 One buy and one sell to report this week;

TEP was sold for a small profit to provide funds for today’s purchase of APR energy. APR dropped back nearly 20% following an announcement that this years financial results will be delayed for approximately a month and released on April the 16th. – The statement released suggests that results are fully in line with expectations for 2011 and that the delay is purely due to complexities in reporting.  I am inclined to believe them and I don’t think the new of the delay warranted such a big fall in SP. There are no real advantages to them delaying a bad statement…

 

Good luck all

 

 

 

Angel mining and Photome

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13 years
by

It’s not been such a good couple of weeks for the portfolio. – Some good gains overshadowed by some big drops.

GKP – Knocked back massively by the Exxon takeover news. It will bounce back… In fact, started to recover nicely today.

The other big loser was Angel mining. – I should have learn’t my lesson last year when I lost money here last time! – Even though I had a small holding losses were mounting and a 40% drop was sufficient for to call it a day. Sometimes when you think – “It can’t possibly go down any more” – IT CAN! This was always a risky share  This equipment breakdown may mean they cannot meet the targets agree with their SEDA. – And then what??

Some excellent gains on the rest of the portfolio. In particular Coastal energy now showing over £1000 profit. CML microsystems, GB group and IP Group all showing excellent gains and are all holds for now.

The only buy of the week was Photome (PHTM) that looks very cheap right now. Bought for 45.5p today.

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