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Sale – PV Crystalox Solar

The 30th December 2010 marked a sad day for Investor Trader. Following the sale of our entire holding of PV Crystalox Solar (PVCS.L) it was the first time since we began our little project in April 2009, that our portfolio held no wind or solar energy shares. Over the journey at different stages a large percentage of our portfolio has been tied up in Renesola. That is until they packed up their AIM listing and took all their toys to the New York Stock Exchange in November. We also held shares in Clipper Windpower until they became a UTC takeover target...

Purchase – Alecto Energy

The fundamental change in our portfolio mix continues. With the recent sale of all our Renesola, Clipper Windpower and OPG Power Ventures holdings and what for us is a fairly heavy (in terms of portfolio percentage) investment in Berkeley Mineral Resources, we've taken a leap into more speculative mineral waters. Ouch! Sorry, do pardon the pun. Well, that's a subjective call I guess. What's speculative to some is rock solid to others. Many would argue that the labels: solar (Renesola), wind-power (Clipper) and India (OPG) in terms of investment have speculation written all over them. My personal investment philosophy though sees no...

Sale – Renesola

With last rites being performed on Renesola's AIM listing before shifting their focus solely to their New York Stock Exchange listing, last Thursday 4th November we sold off our final tranche of 500 shares of our portfolio stalwart for 4.0150 pence a share and a total return of £2,007.50 before dealer costs. We were averaged into Renesola at £1.12 a share so we took a 350% profit on Renesola this time round. Renesola has always been good to me over the years. Taking me up toward the giddy heights of £7 before I lost my nerve and smacked the sell key...

Purchase – PV Crystalox Solar

So with my Renesola adventures due to come to an end in the coming weeks, the first of my four purchases this week, will come as a no-brainer to those who've followed Investor Trader over the journey. PV Crystalox Solar is a, yep, you guessed it, solar energy company. Though it lacks the Chinese connection it's still a major player in Asia (especially Japan). We purchased 1,719 shares at 57.21 pence a share. To quote from the tin: With 25 years (28 now) in solar technology development, PV Crystalox Solar is a leading manufacturer of multicrystalline silicon ingots and wafers, the key component...

Sale – A Little More Renesola

So we pulled the trigger on Renesola and sold off 500 shares - half our holding - last Wednesday at a price of £3.5375 per share. The reasoning: well, besides SOLA.L pushing some two year highs, we're working to a little bit of a deadline  before Renesola dumps its AIM listing and takes all of its toys to New York. So whilst it's always nice to bank a triple-bagger (we are averaged into Renesola at £1.1227 per share) there's still a sense of loss at what could have been. Put it this way. If Renesola's move away from AIM wasn't...

Renesola and Another Dear John Letter

Readers of Investor Trader may remember my brief tryst with West China Cement which came to a premature end back in May of this year. Sadly, growth saw them forget their roots, pull their AIM listing and try to make it in the big city. In this case, the big city being Hong Kong. And as it turns out, the big city has been quite kind witnessing gains in WCC in excess of 20% in the month since they headed east. I was willing to take that one on the chin. Let bygones be bygones and all that. Until...

A Little Renesola Profit Taking

A few days back I wrote about Renesola testing new recent highs in the lead-up to results and how the situation in Greece threw a bit of spanner into the works. Well results have come and gone, and not bad results at that, but having a bit of a conservative edge about me of late, I took a little profit, realising 400 shares at £2.41 a share for a return before costs of £964. We were averaged into Renesola at £1.12 so we more than doubled our money and we've still got 1,000 SOLA's sitting in our portfolio mix. There are...

Renesola and Happenings in Greece

There's no doubting anyone holding any sort of UK based portfolio over the past week or two has felt the pinch of what's been happening in Greece. I, like many, are hoping it's no more than a blip - albeit a pretty big blip for those on the ground - and with solutions being touted as I type, the markets will rebound in the coming days and weeks. Now hindsight is a wonderful thing, but when Renesola topped out at a little over £2.50 last week, my finger hovered over the sell button. It hovered but nothing more. It was the...

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....

ReneSola Results

Earlier today ReneSola announced its third quarter results (for the period ending 30th September 2009) and the future is looking pretty rosy for our vertically integrated Chinese manufacturer of solar power products. Highlights included: Third quarter net revenues exceeded guidance coming in at US$140.9 million, an increase of 70.6% over second quarter net revenue figures of US$82.6 million. Total solar product shipments in the third quarter were a record 146.9 megawatts (MW), an increase of 71% from 85.9 MW in the second quarter of this year. Mr. Charles Bai, ReneSola's Chief Financial Officer had this to say: "We were pleased to see strong improvements in...

Renesola

So I've been talking about it for long enough but last Friday I put my money where my mouth was and topped up on some Renesola, adding another 692 shares to our holding at £1.23488 a share for a total consideration of £854.54. Renesola has been on our radar again since it visited the 150 pence mark in late September where it traded within a range for a fortnight or so before continuing its downward trajectory. Last Thursday it touched 110 pence before rebounding 10% and it was at this point I chose to enter the market. Time will tell whether 110 pence...

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....