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Sale – Lloyds Banking Group

In line with our new make hay while the sun shines speculative approach to investing we've dumped the only FTSE 100 share in our portfolio, Lloyds Banking Group. We sold all 1,811 shares last Thursday (11th November 2010) for 67.67 pence a pop for a return of £1,225.50. Our original purchase of Lloyds was made back in June 2009 when we took on 774 shares at 67.19 pence a share. We bought in the hope that Lloyds would follow Barclays bounce back from bordering bankruptcy after the financial meltdown of the preceding months, but alas, we're pretty much back where we began. What...

Lloyds Rights Issue

From the four options I spoke of earlier in the week, I've gone all in with Lloyds (option 1) fully taking up my offered allotment of 1,037 shares at £0.37 a share. The rights issue gave me a reduction on current market value of about £0.16 per share or 30%, so I can't really complain, despite doing my darnedest in my most recent post. Our total holding of Lloyds has now risen to 1,811 shares averaged out at 0.4990 pence per share. So now let's wait and see whether the market has fully factored the rights issue into the current price...

Topping Up On Lloyds…I Think

Personally, I've always considered trading shares a very intimate process. I would do my homework, I would look at the market and I would decide, initially my entry point, and down the track, my exit point for any given equity. The timings were mine, the mistakes - of which there have been many - were mine, and even the odd windfall was mine. It was done to my schedule. I had no real plans to do any active trading this week. I was obviously going to keep my eye on the market in general, and my finger near the erratic pulse of...

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 92 – Portfolio Value £7,378 Up £47 On The Day

Following yesterday's regurgitation of all gains made on Monday (and then some), today was a little more settled with a handful of modest gains made across our portfolio. Ceramic Fuel Cells finished the day up 6.5% on the back on news that it has extended its agreement with GDF Suez to develop and deploy fuel cell micro combined heat and power (mCHP) units in France. Lloyds Bank continued it's merry journey northward finishing up a further 2.7% today, whilst both our recent Chinese acquisitions - West China Cement and China Biodiesel - made small gains on the day. Even Cosalt had a win,...

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,...

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 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 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...

Purchase – Lloyds Banking Group PLC

We've taken a little slice of the UK banking sector on-board with today's purchase of 774 Lloyds Banking Group shares at £0.6719 for a total outlay of £520.05 plus dealing costs. On the back of a ton of re-structuring news of late, hopefully Lloyds can put a horror stretch behind it and make us a quid or two into the bargain. If it can - a little belatedly - follow in Barclays footsteps, we'll sure be onto a good thing. Banking, I know, I know, not overly green and ethical, etc, etc. But at the end of the day wherever...