Posts Tagged ‘Climate Exchange’

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 with the cash? We pumped it straight into China Biodiesel.

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 Cells gave some stock to staff and finished the day up 3%. Climate Exchange edged closer to 10 quid still buoyed by earlier news of the possibility of a takeover and that’s where the good news ended.

Oh, our punt on the British Pound against the Aussie Dollar is currently 133 pips to good for a profit of £266, a £100 turn around from this time yesterday.

Our portfolio as a whole seems to be in a bit of a holding pattern at the moment, probably with a slight tilt to the south if I’m honest.

Here’s hoping for a happier end to the trading week.

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 and running – would have halved in a month.

So it was with a little trepidation that I left for 10 days in Lapland (in a log cabin sans Internet), all investments intact.

Thankfully, despite a generally sombre mood in the markets, our little portfolio had some winners (and losers) over the week and a half I’ve been away. No harm, no foul!

Climate Exchange led the list of winners with a dramatic rise from the 650 pence mark to today’s closing high at 918.50 on the back of takeover rumours based on a U.S. Climate bill which may eventually stoke major investment in the environmental sector. The kind of news that makes me smile for so many reasons :-)

Eros International – our Indian film producer and distributor – has continued its ascent, though at a slowing rate over the past week and a half. Since our initial purchase four weeks back, Eros has returned an all signing and dancing 25% on our initial investment.

Renesola has fallen off a little over 10% in the past week and a half but after it’s meteoric rise early in the month, it was almost to be expected. The slide justifies my profit taking at points north of two quid a couple of weeks back. I’ll be looking to top up on Renesola again if it falls back to around the 150 pence mark.

Clipper Windpower has been on a slow slip since doubling its price in May. No big concern here, no news, small volumes and AIM shares will tend to do this from time to time.

Lloyds seems to bouncing along sideways in a range of between 65 and 75 pence as it continues its restructuring plans.

Low Carbon Accelerator, Ceramic Fuel Cells and Cosalt have all drifted south on little volume and no news.

So all in all nothing too unexpected although I’ve got to admit to just a handful of nerves when I logged on earlier today.

Thanks again for stopping by. As always, your comments are appreciated.

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 see support, possibly around the 140-150 pence mark – a zone of recent resistance.

Stop the press! Just checked Renesola (SOL) on the New York Stock Exchange and it’s had a strange old day climbing 35 cents from $6.25 to $6.60 in the last half an hour of trading – possibly on the back of a buy rating from Lazard’s up from $4.00 to $7.00.

After that, you’d think ReneSola would open up in the UK tomorrow, and in a perfect world it just might, but I wouldn’t be at all suprised if we saw a fourth continous day of retracement. Nothing’s a given with ReneSola.

Taking a closer look at some ReneSola candlesticks from the past month, our chartists out there could point you to the beautiful morning star of the 10th June before uttering an all-knowing, “I told you so”.

If only I had as much confidence in my ability to plot the future using charts as I do to show the past – oh well!

Drop back tomorrow and I’ll reveal Investor Trader’s latest value-packed purchase.

Thanks again for dropping by.


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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!
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