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Well, they simply continue to be flat in a tight range with no clear direction for the time being
Well, they simply continue to be flat in a tight range with no clear direction for the time being.
Which is fine for my kind of trading. I have around 15 shares sitting on a shortlist waiting for the right time to buy which those who came to last friday's seminar had a look at. Some I would like to buy a bit lower down so I guess I wouldn't mind a few bad fear days to get them where I want them! However I have bought one or two where it could be the right time to buy and maybe I don't need to wait.
I bought into Shaft Sinkers (LON:SHFT) getting 3,000 at 180.5 from the seminar shortlist.
Interesting company that floated recently. I was sceptical about it simply from the name as it sounded like a dodgy small commodity stock. Also I worry about having a share with "Sinker" in the title. Isn't it asking for trouble?
It makes money (near £17m) and even has cash too. So the fundamentals look good and with a market cap of well under £100m it looks cheap. It should also go into the small cap index shortly. Obviously there is risk because sinking shafts which is what it does is obviously risky. And some of its profits came in because of currency rates (a stronger South African Rand is good). And it does mention various recent problems in, well, erm.. sinking shafts...
But to me a lot of the risk is already in the price and I'm wondering about a longer-term hold here for very good potential upside initially targetting 250. Stop 140. However it would be one to get out of fast if more question marks appeared and not one I would put an awful lot into for reasons stated.
I like "ahead of" statements and so bought into another seminar shortlist share TT Electonics (LON:TTG) getting 2,000 shares at 201.76. Some very nice bullish statements coming out of this one. I have no fear in buying this one despite the fact it already has gone up a lot. Who cares, as long as it carries on like this it could be soon worth a lot more. T 250 stop 170.
I've also topped up in Norcros (LON:NXR) which is already going well for me - I go another 3,000 at 14.75. This company is going really well and I had little hesitation in a top up, there looks another 20% upside from here so I'm looking for about 18p. Maybe more if I'm patient with it. There's a seller around currently at 15p but if the seller clears I think it could get rerated by 20%.
And I got some Nicols (LON:NICL) live at the seminar picking up 500 at 523. Decent statements and rising nicely. I also rate this as a potential takeover target, from someone like Britvic(LON:BVIC) or AG Barr(LON:BAG) (total speculation on my part). T 650 S 470.
I sold my Micro Focus(LON:MCRO) at 368 nabbing a nice profit of £3,720.
I've been waiting for the bid. I've chickened out as it keeps banging up against 375 and falling back.
ok, so I might well miss the bid at 420-450 but I made a good profit and if the bidder withdrew the price will tumble. It's a bit like Deal or No Deal. I've dealt early grabbing a lower sum on this occasion instead of waiting for the final box.... So, Noel.... Deal!
PORTFOLIO HIGHLIGHTS
Capital Drill (LON:CAPD) has become a nice star performer. It announced a pretty decent statement yesterday, some positives and some negatives but all in all with the very decent contract wins, and one with the mighty BH Billiton which has got to be very good news for the future. I mark this down as a longer termer which could produce fantastic returns.
London Capital Group (LON:LCG)won a decent contract with TD Waterhouse which has pushed the price up even more, very nice profits building there now. That contract is a good win and along with the fundies the share should I think be gradually rerated up to a quid. I simply think London Capital(LON:LCG) which also runs Tradefair and some others is under the radar but when it gets noticed I think it will rise quickly.
Exillon (LON:EXI) produced yet another good report today. Drilling is going well and worth staying patient with event though I am already up a lot.... Should go a lot higher given some time and might become a core holding. Good support for this in the low 400s. It might well hang about here for a bit though.
My Pace(LON:PIC) bounce bet hasn't worked out and I think I'm about to dump it for breakeven as it could easily come up with something even worse than it already has.
MS International(LON:MSI) couldn't manage to hold the higher level, still will be patient. AZ Electronics(LON:AZEM) shines well. If it can head above 300 it will look very bullish but could prove a barrier. However no sign of moving higher for now. The 290 area seems sticky.
Recent spreadbet Croda(LON:CRDA) goes well as does recent buy Avon Rubber(LON:AVON) Already up more than 20% since buying before the hols. However recent buy Laird (LON:LRD) has dropped a bit since I bought. Still only down 4p so far so I'll stay in there for a recovery back up.
Alternative Networks(LON:AN) continues to move gently higher. A lovely share off the radar which shows little sign of stopping. Smashing profits here now. Would suspect a plateau here at 240 before onwards to 300.
Perhaps after the June results. Good rising dividend too.
My oil gamble Cadogan (LON:CAD) reported yesterday. Pretty decent I thought, it's come back a bit from its high but with cash in the bank and an agreement in the bag, it can't surely be worth much lower and when oil shares come back into fashion it could well be a very nice winner, even a potential doubler though much will depend of course on drills.
I tried to pick up some more Cadogan(LON:CAD) on the order book at 39p but I didn't get them. Boo Hoo. However I will leave an order in around that price in case it comes back.
Volex (LON:VLX) continues to move much higher yet again and it seems 300p has been conquered. Looks like it could be heading back to the 350 area. Kentz (LON:KENZ) goes from strength to strength and is going to move to the main market and about time. Once it does will get some in my ISA. Until then happy to hold in a spreadbet where I'm in profit by over £5.000. Heritage (LON:HOIL)has been coming back a lot - have taken some profits on it in the past and also had the 100p dividend but just about holding onto my last bits of it.
Character (LON:CCT) remains ultra disappointing but I looked at it afresh and it just appears so cheap I'm sticking with it despite it hovering at stop levels.
2 Ergo (LON:RGO) hasn't done much since I bought but yesterday announced a decent future might be coming and a good contract win so I'll stay with it though no profit as yet. With a bit of patience though it could be a surprise winner later in the year.
Dialight (LON:DIA) has given back a little but 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. Yule Catto (LON:YULK) has at last picked up after some poor days and looks like it has bottomed at 200 and seems very undervalued. Devro (LON:DVO) is trying to get hold of the 3oo level. Aggreko (LON:AGK) has stormed ahead even higher, what a great business and this is simply one to continue to hold, probably for another year.
Aureus(LON:AUE) and Afferro (LON:AFF) seem to have bottomed out after the disastrous split. Both have moved smartly higher but remain volatile - I have some free Aureus from the split. Afferro produced another good report today.
Recent buy Harvey Nash (LON:HVN) goes up again today and now hits over 80p. Very nice indeed now. Entertainment One (LON:ETO) profits are close to £5,000. It's come back a tad but 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. BTG (LON:BGC), long-termer has nicely doubled and looks strong this week.
Microgen (LON:MCGN) remains a cracker 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 holds its value and slowly advances. Up again today, and it has also paid out some nice dividends.
E2V (LON:E2V) has been going great guns with super profits. Little LOQ (LON:LOQ) holds well at a higher price, still think 2 quid could be achievable, good summer weather will help.
The Vitec Group (LON:VTC) has quietly gone up. held well. Petrofac (LON:PFC) 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 of £30,000. Long termers with great profits like New Brit, Porvair (LON:PVR) etc stay in and Sepura (LON:SEPU) tries to conquer 60. Treatt (LON:TET) is the share that keeps on giving!
