Markets keep surprising to the upside pushing aside worries of the various psychos that run Russia, the US and North Korea and actually nearly all other countries.
Goodness knows why we always allow the most unhinged into power. I guess that's how they get there.
One beginners seminar and one advanced one means I made more trades that I usually would because I found stuff I'd have been too lazy to normally.
So here are one or two found, some of which bought live, some next day. I'll feature some and briefly mention some as under time pressure given the injuries the Mrs sustained.
Kicking things off is a return to Alumasc ((LON:ALU). Blimey, "Return to Alumasc" sounds like a desperate Western movie.
Made some nice profits on it before but with very decent support in the 170s I am back in thinking of 210-220p as being a decent target area.
Looks very decent indeed on fundamentals, trading very low on what look like good prospects and decent statements, downside prospects look limited and upside prospects good, the way I like it. So back in!
Sportech (LON:SPO) seems interesting with some scope for upside. Decent businesses in the gambling arena with potential for a bigger company to take it over.
It returned cash to shareholders after selling off one of its businesses and be fascinating to see where it goes now. Could be 25% upside here in time, at the mo it consolidates gains at around the 100p mark.
Eurocell (LON:ECEL) came up at the seminar. It makes PVC windows doors and other stuff in the home market. Rather than selling homes, people are improving them leaving Eurocell in rather a sweet spot.
Seems to have a good reputation and a nice website and could head up to the 300p area. Debt is coming down nicely.
I bought back Ramsdens (LON:RFX) after taking some profits on it previously. Hard to resist buying back near to where I bought before. A very nice pre-close statement offered a rosy picture and now looks like one I will hang onto longer-term for good reward.
Next Fifteen (LON:NFC) started to fly and topped up with a few more, see comments on this one in various diaries past. Seems a lot of keen interest, something on the way?
NMC Health (LON:NMC)looks on a roll - healthcare companies in the UAW are flying and this one looks to have more upside to come. Made many thousands on it in the past - and hopefully again this time.
I don't really cover my spreadbets much here and leave them for seminars but as it's Easter here are a few spreadbets I made looking a little more short term.
I bought Dominos (LON:DOM) at the wrong time and sold for a small loss. I have now rebought it as a spreadbet for a "swing trade", ie for a decent and quickish swing upwards.
Same comment for EMIS - I was short of this before but it looks to have settled and there may be a quick 100 points upside to come for a spreadbet.
You may remember I made a decent sum by buying IG Group recently - a very good company I have used a lot over the years. Share price has been thrashed because the FCA may be clamping down on spreadbet firms.
I think it unlikely the crackdown will be that harsh but just in case bought some IG shares with Spreadex!!
I have used a guaranteed stop loss so in case news comes out worser than expected I know my loss won't be too big. I paid a little extra on the spread for the insurance. Great outfit btw, if you are looking for a spreadfirm here is the link :
Spreadex.com/nakedtrader
- will do a spread on pretty much any share unlike most of the others.
Also did a swing trade on RPC on the spreads, looks like it has bottomed and could be some quick upside here too.
I have also topped up on Morgan Sindall (LON:MGNS). Also a top up on Sopheon (SPE) discussed a few times previously.
Finally a new one: Science Group. (LON:SAG) . It has everything I like to see: rising profits, good forward visibility and lots and lots of cash. And it has property too: Indeed net cash and freehold property is worth 84.5p a share! One I have tucked away in the ISA for hopefully some big future gains.
Some fantastic moves higher for some of the portfolio. In fact there have been some massive risers. Let's have a look at one or two.
Recent buy Motorpoint has accelerated up quite quickly and perhaps a bit more to come maybe up to the IPO price after a very strong ahead of statement. Somero continues to charge up and the 400p area is coming into play. Been a fantastic trade. Xafinity has surged up as has Convatec and Redrow.
Burford has proved a fantastic trade, and I wonder whether I can end up doubling my money on that one. Paysafe continues a lovely move higher and if it can break up through highs more could be on the table.
I'm getting a bit tempted to bank a few gains.
There are a few bits and pieces that could throw the markets off including the French election.
A new high risker is Concur Tech (LON:CNC). It is concurrently on the up after a cracking set of results. Profits are nicely up, it has a good heap of cash.
It has a good grasp of its markets and looking to step things up reading between the lines.Management seems decent and not prepared to take silly risks. With a decent order book and possible new markets could be a nice one.
I've bought some LPA this time for the sipp, already holding in the ISA.
It seems to find very nice support at the price it is today in the 140s. The 140s looks a good spot to buy for a target return to near the highs earlier this year of 180-190.
Final results were excellent with a five times increase in operating profit.
Margins came down slightly in a March update but overall LPA looks a potential cracker and looks good for at least 20% from here and its rating looks low compared to potential.
Recent buy Ergomed (LON:ERGO) came good after results so it was worth taking the risk. Positive noises from its development partner and the chairman bought 100,000 shares.
It recently got good results for its treatment for insomnia, so all in all an interesting high risker. Just remember you may need its treatment for insomnia if the shares tank...
ECSC continues well and Purplebricks is back up and over 300p which is a good sign.
Cambridge Cognition holds well as does Benchmark and Gulf Marine Services continues on the up.