Markets are always tricky at this time of year, at least up to Mid December.
Generally they go down a bit with spikes up in between. The terrorism in France hardly effected them at all. Markets tend to shrug off terrorism these days as sadly it becomes all too common. Indeed
the markets are very strong at the mo. However do be careful about getting involved too much till mid December.
In the main I tend to take profits/losses in November rather than looking at stuff to buy but actually there were some nice looking buys to be had so I did a bit more buying and a bit more selling than I
would usually do around now.
I was interested in selling stuff and have been banking quite a lot of profit to raise cash to play the probable Xmas rally (happens 9 out of 10 times).
Secretly most traders/investors are happy for markets to do down back end of Nov and early Dec as that makes a decent santa rally more likely. We shall see!
Let's start with what I'd consider fairly low risk and one I anticipate I'll hold for some time and that's retirement home builder McCarthy and Stone (LON:MCS) which has listed this month.
(Sounds like an MOR rock band.. and now ladies and gentlemen, please welcome.. McCarthy and Stone.....!)
I bought some as a spreadbet and then some for the ISA. (There is some idiotic rule not letting you buy main market listings in an ISA until they have been listed for a week, such cobblers!)
MCS is in a very lucrative niche and the figures look good - I think it was fairly priced and it's a long-term hold for me.
I've been keeping an eye on Stadium Group (LON:SDM) for a bit as those of you who came to the last seminar know! I was waiting for a dip which happened this week and so picked some up.
Stadium shares look very cheap. Profits are rising strongly and it's buying up other companies as well as growing organically.
Forecast profits are very strong and net debt reasonable. I'm not sure why they are not higher.
They seem to struggle to get above 130 but once that is broken I don't see why 160-170 isn't possible. I'm thinking of about a three month hold here to kick off with.
I picked up some Goal Soccer Centres (LON:GOAL) after noting Mike Ashley picked up nearly 5%. I wonder whether this is a prelude to buying more or even a bid as after a couple of warnings Goal now looks cheap.
I know 5 aside footie well as I manage my son's five a side team! I can easily see where more profits could be made by someone new coming in.
I think these shares have been kicked into touch too much and they could start to motor up the wing for a superb profitable finish.
Look, sorry, I know I just couldn't find any decent football puns. Yellow card for me. Red card for the shares once they've made a decent profit.
(Stadium followed by Goal - there is a theme here...)
I picked up some more Xeros (LON:XSG) which has a brilliant new invention, polymer beads which cleans clothes better, faster and with little water. Great for places drought hit like California.
The first lot I bought for my sipp already have trebled. I picked up a further 1,000 at the brilliant price of 210.25. Price fell when a fundraising was announced at 225p to raise £40m. A great move, I could not understand why the price went under the placing price so put a hopeful order direct on the book at the sell price, lucky for me someone sold them to me! I will cover getting shares at the sell price thus wiping out the spread live at the seminars on the 7th and 14th... I'll stick on some live orders and see if we can get the sell prices on the day.
Onto a large number of sells, either sold as they'd reached where I wanted, they hadn't moved much, or felt the money would be better used elsewhere. I did a bit of a sell splurge over a couple of days axeing stuff I was bored with, hadn't moved or seemed full value for now. I also top sliced (sold bits off the top of quite a few holdings. Too hard to sort these out for the site though).
Part of the reason for sales is to raise a whole heap of cash to play the potential Xmas rally next month. And I now have that whole heap of cash! I
The last of the KBC (LON:KBC) went for a fantastic profit of £3,404.And with 32 Red pushing up over a quid and so doubling my money I sold three-quarters of them, for a website profit of £5,810.
I sold some GMS (LON:GMS) , profit £477 and then bought some back after a statement which saw them lower. Pnld went last week for a tiny profit, breakeven after costs. Dplm, out for a profit of £436 and Rgs was half sold for a profit of £1,002.
I've finally sold Al Noor (LON:ANH) , was waiting for a counter bid but didn't look like that was going to happen so taken a lovely profit of £7,163.
That makes six bids this year for some fantastic profit, best bid of the year goes to Aga (LON:AGA) which made me many thousands. I am hoping for one more this year with a bit of luck.
With some giant profits banked total profits banked for the site are £17,856.
ETO (LON:ETO) produced a very nice statement this week, tv sales strong, film sales weaker but the outlook looks good. For now, the market isn't moving on them. At some point I bet they will! There is tons of value to be unlocked in ETO shares, the its catalogue alone is valued at a billion dollars! If shares stay low for much longer I bet there'll be a bid and that would have to be in the 350-400 area.
Long-termer Vec (LON:VEC) reported good news on its drugs pipeline. They do need to crack 180 to venture any higher. Hopefully patience will pay but in any event doubled my money on them.
Iomart (LON:IOM) continues to be strong and is hitting 300. Any bidder will have to be looking at 350-400.
Recent buys are mainly doing ok especially the three new issues, Ibstock, Equiniti (LON:EQN) and Worldpay (Worldpay) . Next 15 has whizzed past target, tempted to topslice at some point. Empresaria continues to empress.
Kainos (LON:KNOS)has proved an amazing performer very fast, up more than 100 points on the first buy. I am getting tempted to bank some profits.
QP (LON:QPP) shares continue to be a close call on holding. Renew (LON:WIND) just carries on up over time very well. Optimal Pay has changed its name to Paysafe (LON:PAYS) and now in tremendous profit. More to come and hopefully in time, a bid. Long-termer Hayward (Hayward) announced a fund raising today at a healthy 90p, more to come and remain patient here.
The lovely GB Group (LON:GBG) just keeps on going and been in since 20p. To see it with another nought on the end is sensational. I still think it will end up being bid for - but in the meantime sits at highs. See you all again on Dec 17th.