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Well they seem a little more stable than they were during the last horrible week.
Well they seem a little more stable than they were during the last horrible week.
Let's see if they can stabalise for a bit now.
One company that will love the recent volatility is London Capital Group (LON:LCG) , I bought £35pp at 61 and £20 at 63 on the spreads. (It's an aim stock so bought on the spreads to avoid tax).
It just looked dead cheap. It's the company that also runs the Tradefair betting platforms and various other spreadbetting platforms. I bought for two reasons: it has plenty of cash, and the recent volatility I believe should see them raking it in as spreadbetters got caught out by the sudden falls.
Yesterday it announced a placing to raise another £8 million. The company valuation looks well underpriced even though it has now risen I am looking for a rise up to the 90s. Target 95 stop 54.
I suddenly realised the irony. I bought a rival spreadbet company using a spreadbet using IG Index.....
I don't like aviation stocks so I'm a little surprised I bought one but this one, Avation (LON:AVAP) came up at Friday's follow up seminar.
I bought 3,000 at 107.75. It's got agreements with Sky West (LON:SKYW) and Virgin. Its net profit nearly doubled and I like the fact it switched straight from the tiny Plus markets to the main market.
AVAP has got a few different irons in the fire, it does aircraft leasing, components, and equipment. Fundamentals look nice.
It looks very good value as a medium term play and I hope the shares take off (gettit?) Target 140 stop 90.
I've nipped a few Harvey Nash (LON:HVN), still looks cheap and I got 5,000 at 69. Quite hard to get them which looks like good news. Target 85, stop 61.
I've shorted Home Retail (LON:HOME) at 196 for £20 on the spreads. This one is responsible for Argos which looks in a bit of a state. I could catalogue (gettit!) the many disappointing statements but the recent one didn't express any hope of improvement this year so I think there is more downside. Target 160 stop 210.
Elsewhere star award goes to the most recent buy, Capital Drilling (LON:CAPD).. which has made me a quick 20% bouncing from my buy at 80 to sit at just under 100.
Very nice too but despite this rise I have no intention of taking profits, indeed hoping for a pullback to buy a few more as I think this underlooked share could get to 120 and even 150 longer term. I'd like to buy more Capital Drill in the early 90s so waiting to pounce for some more! Down a tad today but hoping for a little further drop to top up.
Another star is recent top up Alternative Networks (LON:AN) which continues to move gently higher. A lovely share off the radar which shows little sign of stopping.
Volex (LON:VLX) has proved surprisingly volatile but bounces off 240 each time. Disappointing recently. The recent Dignity (LON:DTY) short is now in profit. The website ftse short at over 6100 is bringing home some profit.
My Kofax (LON:KFX) entry point wasn't good and looks like it might take time to conquer 500. Close to a yellow card. Micro Focus (LON:MCRO) dipped and then rebounded. The short in Ocado (LON:OCDO) goes well.
Dialight (LON:DIA) rises again. It said last week its pension scheme has been bought out at a better price than thought which has given the shares a new lift. The website holds profits of nearly £40,000. In reality, as those who've come to seminars have seen, my profits actually way greater than this. I'd expect to continue to be patient and would hope to see a tenner maybe by year end. Potential as a bid target too.
Filtrona (LON:FLTR)...so annoyed I never took the profit! Still, good support at 290. star mover is Xp Power has kept its value well and looks like it could take it to 2000! I bought this one at 164 a year and a half ago with a profit of £15,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time! Right now it seems to go up or down 100 points a day.
Character Group (LON:CCT) has recovered nicely after its strange move down, maybe spreadbetters being forced to close.
Yule (LON:YULC) at last looks like it has bottomed and seems very undervalued. Needs to close above 200 a few times. Devro (LON:DVO) has moved smartly higher it produced another fabulous report and it remains a brilliant long-term bedrock with great profits already and I think more to come. Can it push through 300?
African Auran (LON:AAAM) is rising very well again after a dip. hit 300 but has come back since then. It's confirmed it will split into two separate companies sometime next month. Up more than £4,000 now and a lovely near trebler. I think I will stick with it. Continued excellent statements and possibly more to come. Indeed one broker is targetting 400 which would give me a four timer!
Entertainment One (LON:ETO) continues to be a star performer, it has got hit a little by the downturn but I suspect is is overleveraged spreadbet forced selling that has done it. Profits close to £5,000. It's raised some more money for acquisitions and it announced institutions have really backed the placing at 160. I would not be surprised to be still holding this one in a year's time.
Microgen (LON:MCGN) has held its own throughout and some lovely profits of more than £20,000 for the site. What a lovely share this has been since I bought it live at a seminar at 45p. It hasn't budged during the turmoil.
Oil gamble Cadogan (LON:CAD) has risen quite nicely and sits a bit higher for now. Seems happy sitting in a 35-42 range for now. Waiting some news soon. Of course it is a gamble and could just as easily skid down as hike up.
Sadly, a yellow card has been awarded to 888 (LON:888) (close to a red). Exillon (LON:EXI) produced another good drilling report yesterday so surprised it isn't moving a lot higher. The spread and volatility is terrible but worth hanging onto.
AZ electronic (LON:AZEM) got hit badly and after being in a good profit now breaking even . The weakness looks overdone but it looks supported at 250. Volex (LON:VLX) remains surprisingly weak.
Telecom Plus (LON:TEP) is always a lovely share to have in a savage sell off. It It has made it onto the FTSE 250 reserve list. Website profits are up and over £25,000. This is also my big dividend earner which brings me cash of more than £15,000.
The Vitec Group (LON:VTC) has held well. Petrofac (LON:PFC) has come back on middle-east worries but remains a core hold. Though easy for me to say that as I bought in the 350 area. Together with spinoff Enquest (LON:ENQ) sees me sitting on profits way in excess of £30,000.
Well, who knows if the markets will settle. I guess it is wait and see....
