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Eros International

Eros, the Greek God of Love, son of Aphrodite, cousin of Cupid. The mere uttering of the word is enough to raise the mercury a mill or two in some. In AIM investment circles, the name Eros has been known to arouse a little interest too. It belongs to a compelling small cap company based a little to the East of Greece - Mumbai in fact, home of India's prodigious film industry, Bollywood and Eros International (EROS.L). It's a company we jumped in and out of back in 2009/10 for a quick-fire 61% profit. Now if that's not love...

Sale – A Little Renesola

Eros International wasn't the only holding to get a trim following our decision to add OPG Power Ventures to the Investor Trader Radar. For those of you that have followed Investor Trader over the journey you'll know that we often buy and sell a little Renesola on the dips and peaks. And although we believe Rensola's current surge toward £2 still has a ways to travel, we sold 292 shares for £1.90 for a total return of £554.40. We were averaged into Renesola at £1.12, so our 292 shares netted a total profit of £227.76 and we're still holding 1,400 into the bargain....

Sale – Eros International

After adding OPG Power Ventures to the Investor Trader Radar we decided it was time to raise a little capital to facilitate a purchase. We settled on liduidating the remaining tranche of our EROS International holdings for no better reason than we needed the dinero. We were averaged into Eros International (EROS.L) at 105 pence and sold out at 165 pence turning a £180 profit on the final 300 shares we held. We'll be keeping an eye on Eros with the view of buying back on a dip if the opportunity arises....

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....

Day 153 – Portfolio Value £10,413 Up £134 On The Day

So it seems an age since I've posted on Investor Trader but in reality its only been the best part of three weeks. Three weeks since we broke through the 10K figure. And whilst the FTSE powers on northward, heading back towards it's old stomping grounds of '07 and '08 - beyond the 6K level - our portfolio has spent the past few weeks neither gaining or losing too much ground. A situation that's just fine by me. So often with small caps, a round of hefty gains is followed by a round of enthusiastic selling as those in for the short...

An Overdue Update

Sorry it's been a while since I've posted, what can I say, it's summer where I'm at and our little portfolio has being just dandy on its own without my meddling hand. There's been some chunky news floating about, so let's get down to the nitty gritty. Remember Cosalt - our provider of safety products and services to the marine, industrial and offshore oil and gas markets - that we took a stake in back in June. Remember how they halved in price almost overnight. Remember the expletives I used describing them in the coming weeks (only joking), we'll things aren't as...

Day 90 – Portfolio Value £7,690 Up £244 On The Day

Now that's the way I like to start a week, an ocean of blue arrows pointing to the sky, followed by some chunky figures behind 'em. Leading our list of winners on the day was China Biodiesel which finished north 1.12 pence (12.3%) at 10.12 pence. A month ago you could pick up China Biodiesel for 5 pence, there's been an upswing in volume especially in the last week and it seems biodiesel is back on the agenda in China at least. This from Green Momentum: The administration of energy in China is finalizing plans to increase production and promotion of 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...

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 49 – Portfolio Value £7,789 Up £274 On The Day

Following ReneSola's New York listing (SOL) climbing 35 cents in as many minutes before yesterday's close of trade, I guess I was half expecting some modest gains in ReneSola's share price today. Half expecting. Though as I've pointed out more than once on Investor Trader, what should happen and what does happen with AIM listed shares, are often two very distinct beasts. So in retrospect, it seems the little virtual pat on the back I gave myself yesterday for profit taking last week (before ReneSola began its retracement) may have been a touch premature, as it finished up a chunky 29.5...

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...