Sold a Little Eros International PLC

Another three-figure write-off day for the FTSE and again our portfolio is adrift atop a sea of red, but its not all bad news.

We’ve taken the opportunity to sell off a few of our Eros International shares.

We first got on board with Eros International – a Bollywood film producer and distributor – in early May of this year, purchasing 533 shares at £1.05 a share for a total outlay of £559.65.

Today we sold 233 of our Eros holding at £1.7472 for a return before costs of £407.10. We’re still holding 300 shares with a current value in excess of £500. Not bad for a six month hold!

Rensola has dipped a further 8% today as I type this and is currently trading around the 110 pence mark. To be honest, I’m half expecting news and looking at the curve, it can only be bad.

If news doesn’t come soon, I would have thought there’d be some round-number support around the £1.00 mark but if it busts through that, then 80 pence is where it’s been found historically. If we re-visit 80 pence, good or bad news I’ll be diving back and bringing my nest egg with me ;-)

Thanks for dropping by.


cigar


Financial spread betting with IG Index provides a tax-free way to profit from rising and falling prices on 1,500 UK shares. Open an account today and start trading shares tomorrow.

AIM SoireeDrop by AIM Soirée to discover what's hot gossip on AIM today and never miss the UK investment bargain boat again.

Leave a Reply


The Day in Numbers





Our Charismatic Benefactors

Our Friends at Kiva

Investor Trader Categories

Investor Trader Archives

Disclaimer: Investor Trader is the blog of a single, personal investor. The owner of this blog is not a citizen of the United Kingdom nor is he based in the United Kingdom and the blog is not hosted in the United Kingdom. The owner has never received any form of compensation for providing investment recommendations and has never in the past been employed in any capacity where he has provided investment recommendations. Investor Trader does not make investment recommendations and no information displayed on its pages should be considered as investment advice. Nothing on Investor Trader should be interpreted as a recommendation or solicitation to buy or sell any securities or investments. All trades are first reported on Investor Trader at least a day or two after the fact (but more often a week or two), never live. Investor Trader is here to journal my attempts to make a few quid from the markets and possibly to entertain you a little into the bargain. Please, please, please, do your own piles of research and if you want good investment advice go out and find someone who does this sort of thing for a living (i.e. not me). Most of my investment decisions are based on gut feelings, hearsay, unfounded rumour and whether or not I like the cut of a company logo. You've been warned!
Copyright © 2011 Investor Trader
Market data by Yahoo Finance - all prices delayed by at least 15 minutes


TopOfBlogs Finance Finance blogs