Posts Tagged ‘Eros International’

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 GreenMomentum.com:

The administration of energy in China is finalizing plans to increase production and promotion of biodiesel, including requiring a new 5% biodiesel mix. The new measure is being considered for next year in Beijing, Shanghai and Guangzhou.

Lloyds Bank had a strong day finishing at 83.33 pence, up 5.34 pence (6.85%) on the back of a Nomura upgrade to buy from reduce.

West China Cement added a further 6.83% today, continuing it’s meteoric month – we bought WCC.L at £1.70 less than two weeks ago and it’s now trading at £2.60. May have to look seriously at some re-shuffling of funds as I see a huge potential upside to West China Cement in the coming months.

Other winners (from our portfolio) on the day included Eros International, Clipper Windpower, Ceramic Fuel Cells and Low Carbon Accelerator.

Thanks again for dropping by.

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 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 pence today or 15.6% on the day.

As for further predictions, I have none. One thing is for certain though, I won’t be selling any of our ReneSola holding anytime soon.

Lloyds made some nice ground today finishing up 3.7% on the day as it inches its way back in to investor’s good books, while our only other mover of note was a 4.5% fall in Eros International. Following its 25% gain since we bought it a week and a half back, we’ll forgive it this small correction.

The only other news of note is from a little flutter we have going on the British Pound, Aussie Dollar pairing (GBP/AUD). We  went long on the Pound at .4955 a little while back and as I type it has moved 144 pips to the good. We’ll ride it for as long as we can, keeping our stop a nice safe distance from the action but making sure we clear a quid or two into the bargain should the dollar gain ground.

Okay, that’s it for the day, thanks again for dropping by and as always, comments are most welcome.

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 steady, sustainable gains would be good, though we’ve taken our share of profits this past week. Our holding in ReneSola has gone from 2,377 shares down to 1,000. If it dips significantly early in the week, I’ll be jumping back in, otherwise I think we’ll look for a little value elsewhere. It’s nice not having ReneSola hog the portfolio anymore, to live or die on the back of a single share’s performance.

Today we had another three shares step into the limelight. Ceramic Fuel Cells finished north 10% on the day, Climate Exchange, 8% and Eros International (our Bollywood film producer and distrubutor) up 7%.

These are interesting investing times we live in.


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