Posts Tagged ‘Low Carbon Accelerator’

Sale – Low Carbon Accelerator

Yesterday we offloaded our holding of Low Carbon Accelerator (LCA.L) selling 1,834 shares for 31 pence each for a total return of £568.54 (before costs).

Low Carbon Accelerator were one of the original three holdings we kicked off Investor Trader with back in April 2009, but sentiment be damned!

We returned a small profit (very small after broker’s costs) after buying in at 29.5 pence a share for a total outlay of £531.86

Our reason for selling? Mainly my impatience! LCA.L hasn’t under-performed or over-performed based on our expectations, its just that I think maybe my hard-earned can be better put to use elsewhere in the market – for the moment at least. We’ll be keeping a close eye on LCA.L and maybe look at buying back in on a dip in the coming months.

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 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.

Day 42 – Portfolio Value £7,732 Up £245 On The Day

Our portfolio made nice gains again today on the back of, yep, you guessed it, ReneSola.

Our Chinese solar wafer maker finished up a further 16 pence (7.69%) today, a continuation in the strong uptrend that has seen it’s price roughly double in the past 16 trading days.

Renesola's Recent Rises

Renesola's Recent Rises - chart courtesy www.iii.co.uk

I’ve got to admit to offloading another parcel of ReneSola today and at nowhere near the peak of the day’s trading. I sold 500 shares at a price of 2.0807 for a total consideration of £1,040.35.

I’ve been expecting a retraction for the past three days but what do I know. Anyway, our portfolio still holds 1,500 and with a good proportion of our initial investment back in the bank, we’ll see what ReneSola has in store for the rest of the week.

As for the grand in cash, I think I’ll do a little homework and not slap it down too hastily. Opportunities to partake in a little value investing abound at the moment, and not just in the small caps. How very grown up and non-impulsive of me (I’m reading a book on Buffet at the amount and I think his methods are rubbing off).

Ceramic Fuel Cells seems to have stalled after their speedy ascent from 3.5 pence to 13 pence – looks like I timed that one all wrong, though I’m happy with a longer term hold here as I like what they’re doing.

Low Carbon Accelerator peaked in mid May and has smoothly declined almost daily since.


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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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