Going steady.

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15 years
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There have been a few up’s and a few down’s this week. Luckily the ups were bigger…

Only a couple of sells over the past fortnight, one being Petro Matad. MATD released an RNS on the 6th that on first inspection looked OK. The share price started to rise as a few people jumped in on the news. I was watching the price quite carefully and did a bit of research myself into what exactly “significant hydrocarbons” were… After watching the price fall back slightly I decided to jump rig at 187p for a small profit. I wasn’t convinced by the update and it turned out to be a good move as while the update was digested by the masses the price dropped right back to 140p

The other sell was Centamin (CEY) this was triggered by the need for funds to invest in Supergroup. SGP dropped back nearly 10% on Tuesday to 1070p. I couldn’t find any good reason for this drop so decided to buy in. Supergroup released a great update in September and they have another update in a month’s time. I think SGP are a well managed dynamic company and I am expecting a positive report in Mid November. Target – 1400 Stop 1000. – Already bounced back to 1130p!
I will be looking for a re-entry point for CEY when I have the funds.

The only other new buy is Encore Oil (EO.) Following recent success within the Energy Sector I thought I would check out some other energy companies. EO. looks to have plenty of potential and are currently drilling appraisal wells in the North Sea. Potential for some really big gains here but this is high risk as dry wells can seriously knock share prices. Stop 100p Target 200p

The rest of the portfolio is looking good with small gains on most shares. BP is looking particularly good and is showing a nice consistent rise in the right direction.

Next update in two weeks!

All in profit – that’s a first.

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15 years
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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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15 years
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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.

25th August – Good week, Bad week.

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15 years
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As my regular reader may have noticed profits are currently showing down this week. This is due to me clearing out a few losers. This week I decided to sell off Cranswick and Essar who were going nowhere. Essar was quite a big loss of £168 and Cranswick £50. Thats the bad news over.

Good news is that the value of my portfolio is up. currently have a running profit over £1400. This is mainly due to Petro Matad showing a profit of over £300 this week alone. I may sell out this week if it shows signs of weakening. But holding for now.

Trifast is another that is still performing well. Now at 38p and running a small profit.

Funds from the sales of Essar and Cranswick went back into Supergroup. The peaked up to 1100p last week and I was regretting getting out at 1020p. This was my chance! – Target 1100p Stop 960p

BP – showing a loss right now but I am holding tight!

more updates next week.

17th August

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15 years
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Not a huge amount of trading activity over the last couple of weeks… The total profit figure for the website has risen to £1200! – Not too bad for only 2 months trading with only 10k invested.

Last week I sold Mulberry Group at just under 340p. Fantastic profit of £218 in 3 weeks. Mulberry still look strong and are moving around the 320 -340 range. I may consider getting back in if the price is right.

With the proceeds from the Mulberry sale I bought into a company called Premier oil. Their share price has risen substantially over year and they keep producing fantastic reports. There interim results are out on the 26th of august and good news is expected. Target price 1750 stop 1400.

Last week I bought into a company call TRI (Trifast). I noticed a few director buys so thought I would check them out. I chanced a small buy in at 32.5p – now at 37p. Looking to sell at 40p.

I was starting to wonder if SGP (Supergroup would actually bounce back this time and was happy to see a strong climb to back over the £10 mark today. It looked to be stumbling at 1020 so I decided to get out before the likely retrace… Nice £50 profit.

Today’s buys were Yamana gold and Micro focus international. Both quite high risk but with the potential for some pretty good gains. Micro focus took a massive dive a couple of days ago following news that 1Q results were below managers expectations. – This is obviously not good news but they are still predicting growth next year and the reaction was too much. I think this share will recover some of it’s losses over the coming month. Target of 330p. Update – Some big director and investor buy ins today to support this theory.

6th August – Markets.

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15 years
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Things are very uncertain right now and the market seems fairly reluctant to go either way. FTSE is up 100 pts since last week. Just a 1% gain on the portfolio this week but it’s going up and down. Another week that I wished I was into the financials! Banks mostly showing very good gains this week with the exception of BARC who were down 30p yesterday, – announced profits were obviously not in line with the markets expectations.

BP. have continued there gains and now showing a £200 profit. Still planning on selling at 460p. This now seems achievable after the recent comment from Barrack about most of the oil having now been dispersed! and of course BP. announcing they have blocked the leak permanently.

Some recent purchases, Cranswick and Mulberry both showing healthy profits and up 5%. More to go here so holding for now.

Petro Matad doing very well showing another 10% rise. Missed a good sell opportunity early in the week when they hit 160p again. (now sitting at 135p)

Essar energy is not showing any signs of moving yet but I still have hope…

Gem Diamonds just not moving.

No trades this week which is very unusual! – check back next week for more updates.

– update. Just sold GEMD for £50 loss and bought PZ Cussons.

PZ Cussons have been performing very well over the last few months. After a recent small drop they look to be resuming their rise.

27th July

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15 years
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Another uncertain week on the markets, Banks have been making quick progress with Barclay’s and Lloyd’s leading the way with Gains of over 8%! If only I was in financials.

On Monday I sold Centamin(CEY) as it seemed to have alot of resistance at 160p. I have no doubt that it will push forward sometime soon but I am impatient! I used the funds to buy back into Supergroup @ 987p. If my entry points look poor it’s because I include all trading costs in quoted prices. I didn’t wait for the worst time in the day to buy in! The Supergroup buy in looks like it may have been a bad call with prices dropping back to below 920p today. I was running a loss of about £150 this morning. Without any obvious reason for the drop and no public news I am at a loss as to why? – Any ideas? They did recover somewhat this afternoon to about 950p. I think at this price they look like a very good buy so with no available funds in the trading account, I bought in with a £1 per point spread bet at 920, this has taken a chunk out of today’s losses put unfortunately will not count towards profit on the website.

The portfolio as a whole has not made any gains this week. Fully invested profits are still hovering around the £1000 mark. Down a little on miners and retail but BP. is propping things up nicely with profits running at about £150. I plan to hold these for a couple more weeks with view to sell at about 460p.

More updates next week, trades may be updated on Wednesdays or as they are made.

Starting with 10k – Let’s see what we can do.

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15 years
by

Hello everyone, or anyone who may may stumble onto my trading diary! This is where I will be keeping a record of my trades. This is my first official trading update on my new website so it’s all very exciting for me and my reader. I initially funded my trading account with 10k at the beginning of June. After a few days research I decided on some initial investments. First purchase was Centamin. CEY are a company that i have been following for a while. They have been performing very well over the last 12 months and I anticipated good news from the June statement. Sure enough the statement was good and price went up from 155 – 162. Prices do tend to drop back slightly after these updates so I sold immediately on new to bank £100 profit. – My first realised profit!

Next, Fenner. I liked the look of Fenner. They looked like a strong company and have shown excellent sustained growth over the last 12 months. Bought at 190 and sold 1 month later at 216. Looks like I should have held these long now(236). But a profit is a profit.

Rangold resources were another that I should have held longer. I am still keen on this one for the long hold and I may invest again should a good buy in opportunity come along.

Supergroup! What an awesome performer. Bought these at 660p and within 6 weeks the share price is now over a tenner. Amazing performer. Supergroup holding own a number a very “in” fashion labels such as Superdry, 77Breed and surf co California. All are performing really well and a super report boosting the share price right up! I sold out at 850p but managed a 20% profit from only a months investment. I am now looking for another buy in opportunity with this one, they have more to give.

Petro Matad has proven to be my best share so far returning a massive 41% profit! Share price went from 96 to 139. I did think it might carry on and was caught out slightly by my trailing stop loss. Sold at 133 for over £300 profit. I also managed to buy back in again on the low of 126p the following day. Good stuff.

Misys were bought and sold again quickly, they dropped in price on a really good day for the market. Not sure why so sold for a small loss.

Mulberry are another clothing brand that are looking very strong. Currently hold a small profit for them but they are a keeper for now as I feel they have further to go. – Also considering Burberry who seem to be performing right now.

Latest purchases include Trifast (TRI) and Cranswick. Trifast are interesting. This none seems to have gone under the radar somewhat. Three substantial director buy In’s over the last week. With results out next week I have a feeling they may report some improvement.

Cranswick are another very strong performer that don’t seem to have been knocked back by the recent uncertainty. I was looking for something fairly low risk and with their recent excellent trading statement released mid July, and with various new projects on the horizon they look like they will continue their steady growth.

More next week,

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