web analytics
Purchase – China Biodiesel (a little bit more)

So we've gone and upped our stake in China Biodiesel after making 55% gains (from 6.6 pence to 10.25 pence) since our small, test purchase this time last week. I call it a test purchase, but in reality I just lacked the cojones to have a real punt. Anyway, I digress. We sold out of Climate Exchange and smacked the total consideration (£687.50) into China Biodiesel, purchasing a further 6,832 shares at 10.0630 pence a share. Ahhhhhh, Chinese AIM shares, how I love your stupid volatility....

Sale – Climate Exchange

So we offloaded our parcel of Climate Exchange today. Since we began our Investor Trader experiment Climate Exchange has risen from £7.00 to £9.15, a 30.7% rise in 3 and a half months. Not too shabby in anyone's books. A lot of that in the past 4 weeks based on a little healthy takeover speculation. Now nothing has changed since, but the upward momentum seems to have peaked and I'd expect Climate Exchange to retract a little if there's no news in the coming weeks. We sold 78 units at £9.10425 for a total consideration of £710.13. And what did we do...

Day 65 – Portfolio Value £7,202 Down £114 On The Day

So on the back of a triple-digit drop in the FTSE it was another day of low expectations. And low expectations delivered! Eros International delivered some final results, highlights as follows: Group turnover up 38.7% to US$ 156.7m (2008:US$ 113.0m) Gross Profit up 13.4% to US$ 71.5m (2008: US$ 63.0m) EBITDA up 41% to US$ 109.5 m (2008:US$ 77.9 m) with 62% of EBITDA converted to cash Profit before tax up 7% to US$ 48.4m (2008: US$ 45.5 m) Basic EPS per share up 5% to 35.1 cents (2008: 33.5 cents) With everything probably factored into the price already, Eros dropped off 3% on the day. Ceramic Fuel...

Month 2 Summary – Portfolio Value £7,240

Last October I spent 30 days on a freighter ship as a passenger travelling from Melbourne, Australia to La Spezia in Italy. One whole month without Internet, with only the most fundamental of financial headlines via a copy of the ship's faxed daily world news summary from its head office. Despite 48 hours of fearing for my life rounding the Gulf of Aden, that trip was one of the best financial decisions I've made. Why? Because in September I took my trading account flat. By the time I arrived on the Italian coast my portfolio - had it been up...

Day 48 – Portfolio Value £7,507 Down £124 On The Day

On a day when the FTSE finished sharply down, our portfolio provided a mixed bag. We saw modest gains in Lloyds Bank (up 2.3%) and Ceramic Fuels Cells (up 3.0%) but these were more than offset by the continued retracement of ReneSola (down 5.8%) and the yo-yo-ing, Climate Exchange (down 4.9%). After last weeks highs of 240 pence, ReneSola has come back to earth a little - closing today at £1.8675 - so I feel justified in taking profit north of two quid a couple of times last week. I think it has a little more left in this retracement before we...

Day 45 – Portfolio Value £7,690 Down £90 On The Day

ReneSola experienced a second day of retracement following our crazy gains that began last week, but interestingly it seemed to settle around the two pound mark. Psychologically, nice round figures tend to make convenient entry and exit points for investors and theoritaclly at least, can bring on increased volume. "If that thing ever gets under two quid, I'm getting back in", or "if this donkey ever gets above two quid, I'm selling the lot!" We'll see what happens after investors have a weekend to stew on it. I'll be happy with a little less volatility from ReneSola next week, some nice...

Day 44 – Portfolio Value £7,780 Down £35 On The Day

So, the inevitable happened, ReneSola came back a little. Not a lot, but a little and believe it or not, I'm a touch relieved. Not that I don't like making money, it's just that volatile stocks that climb that fast tend to slump back down to earth with an even bigger thump. For ReneSola to have a mild 6.8% retraction - and 6.8% is mild going on this past month's gains - is healthy. It makes me think that perhaps ReneSola had been oversold recently, there was market consensus and now we'll be trading less erratically above a whole new plateau...

Day 35 – Portfolio Value £6,289 Up £165 On The Day

After a mixed day for our little, green share portfolio, ReneSola shoved us into positive territory with a 7% gain, busting a little resistance on the way. As the heftiest share in our portfolio - on current weighting it makes up 56% of our holdings - any movements in ReneSola's share price has a substantial effect on where we end the day. After exploring 140 pence yesterday, today was always going to be a test for ReneSola as it has run into resistance repeatedly at this mark over the past three months. Not only did it open above 140 pence this morning,...

Day 17 – Portfolio Value £5,017 Up £74 On The Day

On a lacklustre Friday, when the FTSE finished down 14 points, our little green-based portfolio made modest gains. Low Carbon Accelerator, Climate Exchange and Clipper Windpower all made gains of between 2% and 4%, whilst our portfolio heavyweight, Renesola did little on modest volume finishing down 0.25 pence....

Day 13 – Portfolio Value £5,485 Up £215 On The Day

Another mixed day today when you look at the arrows but the performers in our little green portfolio more than compensated for the sliders. Our latest acquisition, Clipper Windpower powered ahead again finishing up 19.5 pence at £1.45. Not bad when you consider we bought it three short days ago for £1.0450. To date it's appreciated over 38%. ReneSola continued it's good run finishing up 1.75 pence, whilst Climate Exchange dropped two pence on the day. Low Carbon Accelerator did nada on low volumes....

Week 1 Summary – Portfolio Value £3,845 Up £283

Not a bad start to our little online venture, week one saw us kick off with a £283.82 capital gain! Our portfolio of 3 green-friendly shares (Renesola Ltd, Climate Exchange PLC and Low Carbon Accelerator Ltd) all ended higher. Renesola Ltd Our AIM-listed, Chinese solar wafer manufacturer did the brunt of the work, starting out our shortened week at £1.0450 before finishing at £1.1525. Our 2,377 shares appreciated in value from a starting value of £2,483.96 to £2,739.49 for a tidy gain of £255.53. Personally, I've held Renesola on and off since it entered the market in 2006 - I've seen it peak at...