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The good news is individual stock pickers can still do well
Well, it does look like they are trying to do a proper sell off, though it's also possible there will be some support. But the good news is individual stock pickers can still do well...
However I've stuck in a FTSE short at 5838 for a bit of interest in any downside.
There was some strength coming into Latchways (LON:LTC) before results so I took a chance and bought some, getting 400 at 1110p.
This proved a good move as results this week were pretty tidy. Everything is well up, including profits by 22%, the dividend up by 15% (always a good sign) and it is awash with net cash too.
Indeed this has everything I like in a company's report together with an excellent outlook. In effect this is a punt on 'ealth and safety as it provides safety equipment. Given said jobsworth departments aren't going away anytime soon I view this one as a lovely longer-term tuckaway and hopeful of very nice rewards here with patience, which as you know, I have!
If I was Latchways I would consider a share consolidation to bring the price down to 200 or something only because for some reason investors don't like buying shares over a tenner. Doesn't bother me and I hope to sell these at some point nearer 2000 ! Target 1800 stop 990.
Well, well! There I was back from the school run having my second tea and toast of the day when results unexpectedly came in from MS International (LON:MSI) which I bought recently. And wow! What results! I whizzed through them liked what I saw. So did the market and the shares soared. But I did manage to nip some more as it went up getting another 500 at 237 and 1,000 at 245 (they were very hard to buy).
Obviously I am already up massively on the ones I bought at 180 but I have no fear of buying these higher after such a bullish statement. Personally I feel they are worth at least another 100, possibly 200 and with patience I think I will get it.
Profit has nearly doubled, it has tons of cash, and business is really coming in including its first direct sale to the US navy. I think this one is simply overlooked by investors who sadly are more interested in dodgy small oil companies which make no money than booming companies with loads of cash which make real profits! Target 450 stop 179.
You will probably think I'm crazy as I've bought yet more Telecom Plus (LON:TEP), 1,000 new shares at 598.66.
(You're crazy - Ed). Crazy as it is already my biggest holding by some way. I have well over £200,000 of these shares for the slow steady increase in capital and the big dividend which brings me a good yearly income. Website profit for the shares must be well over £30,000 though I'm too lazy to add it up. Profits in real life are nearer £150,000.
Private investors completely ignore this one of course as it's not about to find oil in a dark corner of swamp somewhere in deepest Mongolia. But to me, the telling statement from the recent excellent results was that they will treble profits if they can double customer numbers. Given I think they can do this medium term this could equate to a share price of 1500 from the current 600. So barring the always possible black swan event I'm happy to add at this higher level for the big rewards I feel are still to come. I reckon these will be in the FTSE 100 in 7-8 years time. Please do bear in mind that I am emotionally attached to this company as a distributor over 10 years so the above comments really ought to be taken with the view I am obviously biased towards it.
And I've added some Oxford Instruments (LON:OXIG) on a spread. Those of you who came to the last seminar may remember I put in an order for some - I got them in the auction at 740 and forgot I had them. However this time I got some in a spreadet for a fiver at 769. Lovely looking company this one. Target 1000 stop 720.
Character (LON:CCT) had to be shown a red card and I quit at 153 for a loss of £1,194. Serves me right for letting it drift well below stop levels and I shouldn't have tried to fight the market despite it looking cheap. Sods law of course will dictate it'll go up now but I would consider a buy back if it goes much lower. I've sold Shaft (LON:SHFT) at 179.45 for a loss of £32. For now 180-182 seems a top and while there doesn't seem much downside it doesn't look like there's much upside either for the mo and so I've just shifted the money elsewhere.
I idiotically totally forgot to roll some spreadbets over and so I was closed out of Croda (LON:CRDA) at at 1914 for a profit of £1,105. Which is rather annoying given they have now hit 1927 !
And I forgot to roll Mondi (LON:MNDI) so out at 608 Profit is £260. Maybe it was fate, and now obviously hope both go lower and I can buy back. Of course sods's law is as I write this they have both gone higher. Doh! Oh nearly forgot Dexion (LON:DAB), gone at 145.5 for a loss of £150 again forgot a rollover.
PORTFOLIO HIGHLIGHTS
Dialight (LON:DIA) starts to go higher again after it announced yesterday it is expanding into Japan. Japan is the one of the world's largest hazardous light markets and could be huge for Dialight. Yet another reason to hang onto these shares as it could be a giant in the making. It looks dear at first glance after the recent rise, however the Japan statement shows why the rating is high and why the potential is there to go higher still. Tthe 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.
Similar story with Carclo (LON:CAR) this is a nice long-term hold where I have doubled my money. At first glance it looks a bit overvalued, however it has got such huge growth prospects with its CIT technology. I especially liked this bit buried away in the statement: " We have received an early nomination for a new concept smartphone. We expect to achieve first production before the end of 2011, and volume of production to increase rapidly thereafter. Planning is well advanced for production scale-up, with key equipment already on order."
If all goes well Carclo could easily treble over the next year or two and I hold tight!
Alternative Networks (LON:AN) heads back up after the profit takers have done. This one I feel is a bit like Telecom Plus were barring an exceptional event it ought to carry on higher with profits and dividends just keep rising. I would expect them to hit 400 within a year.
Volex (LON:VLX) got hit by profit taking but those look nearly out of the way and it's on the rise again. Hyder has pushed on over 400 so resisted the urge to bank some nice profits. Capital Drill (LON:CAPD) holds above a quid after it reported three good contract wins and another from BH Billiton (LON:BHP). Continues to look a nice long-term hold ignoring short-term fluctuations.
Gresham (LON:GHT) goes well, as does Impellam (LON:IPEL) and Molins (LON:MLIN).
The short in Linkedin (NYSE:LNKD) is going very well indeed with profits of over £2,000 already! It is shortable again with Tradefair who I used. And the Mothercare (LON:MTC) short remains in a good profit. Glencore (LON:GLEN) too, this short has worked out very nicely with a huge tank down today, weighing up grabbing the profit there though.
Entertainment One (LON:ETO) tries to rise and was tipped by the Sunday Mail. doesn't seem to want to go higher for now even though it came up with an excellent statement, Peppa Pig is booming in the USA and it looks alike a great share to hold onto long term. A library worth a fortune too. I reckon it will power up to 200 odd from here in time.
TT Electronics (LON:TTG) hasn't done much for me yet but 200p looks like becoming support. Laird (LON:LRD) has proved disappointing so far but could still turn into a profit.
London Capital Group (LON:LCG) continues to climb slowly but surely. It reported a reasonable start to the year with a good balance sheet and plenty of cash, it has also 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 which also runs Tradefair and some others is under the radar but when it gets noticed I think it will rise quickly.
The Vitec Group (LON:VTC), an unsung hero of the portfolio reported great results and I'm up and over £4,000 profit here. Looks good for a few more points.
Loq (LON:LOQ) has broken out nicely, patience is paying off and I am close to doubling my money on it.
Exillon (LON:EXI) didn't manage to hold the 450 level, however plenty of support in the low 400s which is fine for now. Avon Rubber (LON:AVON) holds well, already up more than 30% since buying recently, it has support now at 300.
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. It's weakened a bit to 400 but that is good as dying to get some in the isa!
Yule Catto (LON:YULC) has at last picked up after some poor days and looks like it has bottomed at 200 and seems very undervalued. It went ex div today. BTG, long-termer continues to look good has nicely doubled and looks strong this week after another good statement.
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.
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:PRV) etc stay in and Sepura (LON:SEPU) tries to conquer 60. Affero goes on a yellow but it could get support around here.
