Posts Tagged ‘Lloyds Bank’

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.

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 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.

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 for the foreseeable future.

But as ReneSola slowed its charge, Climate Exchange took up the baton. Now Climate Exchange makes up a much smaller percentage of our portfolio so where not going to see the overall gains that we’ve seen recently, but an 18% rise in a day in any holding is nothing to be sneezed at.

Eros International – our Bollywood film producer and distributor – continued its good form of late, rising 7% on the day, on the back of announcing a record breaking Indian box office performance for its first Marathi release.

Low Carbon Accelerator gained 6.5% and Lloyds Bank received a little more support from investors after its recent restructuring news, rising 2.6% on the day.

We finished down on the day but there’s lots there to be happy about.

Thanks again for dropping by.


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