markets
Well, the FTSE hit new heights. I was tempted to short at 7900 but I was in a lazy mood, watched TV and before I knew it it was 7780! Some great trader I am. But I suppose it goes to show how fast sentiment can
change. I've bought Rosenblatt, (LON:RBGP) a law firm. Listed law firms have been doing well and this one looks very decent. It feels like this is a kind of "disrupter" law firm. Headed up by a very experienced CEO Nicola Foulston.
A great interview with her here: https://www.lawgazette.co.uk/people/interview-nicola-foulston/5057716.article
The interview tells you all you need to know! She wants to drive this company into the future using different techniques to most. Her no nonsense approach looks good to me, I really like her and what she says.Profits are booming here and decent dividends will be paid. I am in for the long-haul and have tucked away in the isa for a three year view. I bought some H&T (LON:HAT) - we discussed at the seminar. Spread is quite wide, I tried hard to get some at the seminar live at the sell price using DMA but no luck. So the next day I sighed and paid full price, darn it. It's a pawnbroker, money lender, gold trader and all that. It has a decent high street presence and a good reputation.
A higher gold price helps and apparently bad times is good for it. I bought some Cerillion (LON:CER) after results a few days ago. It is a billing, charging and customer relations management] software provider. Yes, Cerillion NOT Carillion !! (maybe a name change would be helpful) Earnings were hit by currency movements otherwise it would have been a very good performance. Looking forwards, it seems to have bright prospects. Net cash has doubled and the dividend has been lifted. Ex dividend date was actually today, so I pick up the loot in a few weeks. It has a very strong order book and I wonder whether it will use cash to make acquisitions. A nice tuckaway!
I bought some Superdry (LON:SDRY). Bought some live at the seminar. You may remember I made a decent sum shorting it recently. I came out of the short way too early sadly! We had a very good look at it at the seminar and after some big falls it looks like very good value indeed. So from shorter I am now long! It sells mid range fashion. One of its problems is that middle-aged dads are going round wearing its stuff much to the annoyance of teenagers! Its stores seem stagnant like the rest of the high street but online looks decent. At the current price it looks cheap, especially with a decent cash pile. This isn't one I expect to hold onto for long - I am looking for a bounce up to the 1400 area where I would take profits. Much of a move below 1200 and I'm off!
And I bought Computacentre. (LON:CCC) Again not one I intend to hold foreever but it looked cheap when we discussed it at the seminar and again bought live. Continues to grow nicely and one or two delegates actually use the company and rate it.
I've nearly taken profits on the Pets at Home (LON:PETS) short after some not so great results. When I say nearly taken, I keep hovering over banking the profits but every time I look it keeps going down some more. It's been a great short and exceeded my expectations but if there is more down to come will take it. I think what I will do is lob a stop loss (or stop win) around 140ish and keep lowering it as it drops.
Alliance Pharma (LON:APH) has really motored this week - and there was a reassuring statement today which looks good. Perhaps after knocking around 90 it can move up to 100p.
Hollywood Bowl (LON:BOWL) put out a lovely report and goes up. Strike! Other big climbers include Avon Rubber (keep on bouncing!).
One disappointment is ETO. Just about clinging on to recent top up but well up on much earlier buys.
Two lovely ones, Next Fifteen (LON:NFC) and Safecharge (LON:SCH) quietly rise gently every day bringing in very big bucks. Dignity has seen a good rise.
And well NMC (LON:NMC), what a performer! Huge profits here.
Iomart (LON:IOM) is trying to get over 400p. Another lovely long-termer with massiveprofits.
GB Group (LON:GBG) has been climbing fast and sitting near all time highs. A pure delight over the years with over £100,000 profit.
Sopheon! (LON:SPE) I've now well over doubled in some of the earlier trades. I have been tempted once or twice to profit take. It hit 1000p before profit takingcame in. But it could easily go above that with a push. NWF (LON:NWF) has pushed over 200. K3C is consolidating around the 300p mark. Can it have another go at heading back up to 400?
Overall very pleased with progress but again I remain cautiousafter recent rises . First half of June can be rocky.
Watch out if you fall badly ill in Leeds this week. Davina McCall is there in A and E, live.Can you imagine being at death's door, lying in A and E and you see her coming up to you with a mike. She starts babbling excitedly and holds the mike next to your dying breath.
But at least in that dying breath you manage to say your last words. "Davina. Please. Just F*** off !"