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Well, they have had a very good run this month
Well, they have had a very good run this month and it would be no surprise to see a bit of a pullback. The euro issues continue to hit the headlines.
But I guess if those get fixed someone even with sticking plaster things could still go well this year.
And as usual the moment things start to go well someone in a suit who looks about 18 downgrades something and we're all still worried about Greece.
Are you as bored with the Eurozone as I am and hoping it will go away as soon as poss!
Right what have I been up to then?
Well, mind your own business .. oh all right then...
I surprised myself and bought a retailer. I haven't touched retailers except supergroup for a very long time indeed, although made well over £10,000 on the last retail buy, Mulberry (LON:MUL). (Though I'd have made more if I'd stuck with the bet for longer).
However I was running a slide rule over a few of them and some of them, just maybe begin to look a little bit of value after steep falls.
So very tentatively indeed I have just put a toe in the water with a buy of Mothercare (LON:MTC) on a spreadbet for £20 at 182 .
There seems to be a little value in it now after some steep falls and, indeed there is the odd bid rumour going on with Mothercare. It could be an interesting little recovery play though initially I guess I have no plans for it to be a long-term play.
I bought some Low and Bonar (LON:LWB) - it fell back a lot last year and looks to be on the way to a re-rating this year - I missed the bottom of it, but still I think there is plenty of upside left, at least another 20% so I bought 10,000 at 46.9 yesterday.
I've bought some Computacentre (LON:CCC), 1,000 at 389. This one with a longer-term view. I wish I'd bought them a little earlier but still. They're from my list of ten to keep an eye on this year. This one looks to have an excellent future, looks in the right market and has good cash. A push through 400p is needed though to really get it higher and one I might get patient with!
I topped up on a couple: Zotefoams (LON:ZTF) getting another 2,000 at 128 this week. I noted some decent buying coming into this one and realised Chemicals had been going well and this one had been left behind. Looking for a lift to about the 150-160 are as Zotefoams looks like it's having a bit of a rerating... And a top up too in Vislink (LON:VLK) - it was marching nicely higher so I added some more getting a further 20,000 at 22.3 to the ones bought in early December. It's on the march and if the company's forecasts are accurate there is more upside to come here.
And as I mentioned last time was waiting for some weakness in Afren (LON:AFR) to pick up a few more and that duly happened and got a further £25 on the spreads at 116.
I took part profits on the spreadbet in Carnival (LON:CCL), that was always intended to be short term and when it hit over 2000 which was the target price that seemed a good time to bank half the profit, so a fiver of the tenner was sold at 2008 for a profit of £1,650. I am just holding onto the other fiver of the spreadbet but probably not for too much longer. Eros (LON:EROS) kept drifting so I exited at 225.25 for a profit of £367. Same comment with the London spreadbet which has gone at 71 for a profit of £522. I got out of the add on Ocado (LON:OCDO) short at 79 for a loss of £180. However I stubbornly have hung onto the last short in it but, well I'm up nearly £4,000 on it!
That's a total profit banked for the site of £2,359
PORTFOLIO HIGHLIGHTS
Another pretty good week for the portfolio with some more nice gains in several shares.
The Essar (LON:ESSR) bottom pick (excuse me) has worked so far, though I was a bit lucky as it missed an auto stop I had on it by not very much .. up a few points on it now though I don't really want to hold it for too much longer as it was only ever meant to be a short-term bet.
The re-buy of Volex (LON:VLX) last week worked well and nicely up on that for the spreadbet.
And the Supergroup (LON:SGP) top up also worked well. Already nearly 200 points up from the initial trade.
CML Microsystems (LON:CML) is close to breaking out over a difficult area. If it can crack the previously sticky 240 could be a very bullish sign giving an eventual possible 300.
SVG capital (LON:SVI), Flybe (LON:FLYB) and Howden (LON:HWDN), all recent buys and all going very well.
GB Group (LON:GBG) is pushing on very well now firmed above 50 and hope to wake up to a bid on that one one sunny morning.
Coastal Energy (LON:CEO) sticks nicely around a tenner which has now officially doubled and more for me - I have the tenner I was after but this good news story just keeps getting better and better and I am now looking for well over a tenner here, perhaps up to 1400 now - I've now pretty much doubled on the first buy not that long ago and nicely up on the topup.
I was musing about taking profits in Gresham yesterday which I'm up over a grand on because it's been quiet for so long but there is now sudden upward movement which has changed my thoughts so now holding fast!
Second biggest winner long-term superstar Dialight (LON:DIA) continues to strengthen after the excellent trading update a few days ago. Well, I have been patient all the way from 150p to 750 and as those of you who have to my seminars have seen from my accounts my profits in real life are something like £70,000. For the website profits are more than £40,000 - and of course there have been dividends on top.
Sporting bet (LON:SBT) has at least broken up over the sticky 37p area which looks good. . Gamble Filtronic (LON:FTC) has proved a great gamble and has come up with a nice 30% already but 2012 could be its year so holding fast! Also some good buying there. Could it be a trebler?
Nichols (LON:NICL) put out another superb statement and very good profits on that one now.
Alternative Networks (LON:AN) has been a top notch share for me, again doubled on it and made a lot of profit on this one but expect to continue to hold long-term for a decent capital gain and nice income too. In the meantime some great dividends to come. It's also nicely defensive. Needs to break through 300 for further gains.
IP Group (LON:IPO) is having a nice run since I bought it, looks good for up to 100 from here unless something not good happens.
LOQ (LON:LOQ) announced an excellent contract win last week and has been a tremendous share in 2011 and another doubler. Potential for more in 2012 and has broken up through 200 for the first time, nice share and a good longer-term winner. Looking at a potential 3 quid and a treble now.
Yule Catto (LON:YULC) has soared in the last week and headed way over the initial target but I still think a bid target potential here so I have stayed with it, a rise over 200 would be bullish here. An unsung long-termer in the portfolio is Aggreko (LON:AGK), just continues going up over time, a lovely one! Bought at 11 quid ish and now nearly doubled at 21, fantastic share and another producing a very decent statement.
BTG (LON:BCG) reported today, an inline report but lots of potentials in the pipeline and has bust out well over three quid since I have been away and remains a nice doubler for me this year. A nice long-termer and another I'm keeping hold of. It got approval for a drug today.
And Microgen (LON:MCGN) has been a lovely winner, first bought this one live at a seminar a couple of years ago and it's done nothing but rise and trebled for me. I reckon more to come.
My fave long-termer with the massive profit Telecom Plus (LON:TEP) has been drifting, I don't watch it much as I expect to be holding it for at least another 2 years. It's probably fair value for now in the 6-7.50 quid range and as a defensive share it tends to drift in an upmarket. It would be tempting to add some more if it drifted under 600 again but I have so many that might be foolish!
Biggest three winners in the portfolio remain: (rough profits!)
1. Telecom Plus (LON:TEP) profit £85,000
2. Dialight (LON:DIA) profit £43,000
3. Microgen (LON:MCGN) Profit £27,000
