Sale – Synergy Health PLC

Today we sold our holding of 82 shares in Synergy Health PLC (SYR.L) for £5.8730 a share, netting us a total return of £481.59 before costs. We got on board with Synergy Health back in mid-July of this year at £5.0800 a share. In 3 and a half months we've made 79.3 pence per share - a 13.5% gain. Our reasons for selling? A simple case of opportunity cost. Again, we see Synergy Health as a good long term hold. None of the reasons why we purchased Synergy back in July have changed. Its a case of having finite wealth and best...

Not Up, Not Down, Just Sideways

It seems as though our portfolio has been hovering in a range just above or below 10K for months now. In reality, it's probably been closer to a few weeks but after the meteoric rise of our - small caps dominated - portfolio in the preceding four months, expectations have been high. But sideways isn't a bad thing, especially when you see dips as potential entry points. Renesola is a share that keeps jumping onto our radar. After pushing £2.50 in June this year it's currently trading at less than half that today. By it's very nature Renesola is a volatile piece...

Selling a Few Clipper Windpower

The last couple of weeks has seen a little turnaround in the fortunes of our - predominantly - small capped portfolio. The recent rise and rise of the FTSE seems to indicate that there's still faith in the market in general so maybe it's a case of people taking from AIM to invest in the main board. Whatever the case, we've decided to pocket a little profit from our Clipper Windpower holdings for no other reason than when things get a little jittery it's nice to take a little profit here and there. We bought into Clipper Windpower back in May '09...

Day 153 – Portfolio Value £10,413 Up £134 On The Day

So it seems an age since I've posted on Investor Trader but in reality its only been the best part of three weeks. Three weeks since we broke through the 10K figure. And whilst the FTSE powers on northward, heading back towards it's old stomping grounds of '07 and '08 - beyond the 6K level - our portfolio has spent the past few weeks neither gaining or losing too much ground. A situation that's just fine by me. So often with small caps, a round of hefty gains is followed by a round of enthusiastic selling as those in for the short...

Day 114 – Portfolio Value £8,680 Up £452 On The Day

Today's boost to our bottom line can mainly be attributed to a 17.8% rally by Renesola - our Chinese manufacturer of solar energy wafers. After peaking at a little over £2.40 in June of '09, Renesola has trended broadly downward since. The reason for yesterday's surge? Renesola have put pen to paper on a new deal worth $706 million: The project, awarded by the Taiyangshan Development Zone near the city of Wuzhong, is subject to a feasibility study and government approval. The company expects to begin work on the $706 million, four-year, 150-megawatt solar power plant project in the Ningxia Hui Autonomous...

Day 107 – Portfolio Value £8,261 Up £160 On The Day

So after taking a bit of breather in June and July, the UK markets seem to have returned to their northward trajectory in the past month or so dragging our little green portfolio with it. Germany and France today announced GDP growth in the previous quarter indicating rosier times ahead and  the US Reserve held interest rates leading many pundits to speculate whether things aren't as bad across the pond as was held as consensus. I guess time will tell, but for the moment at least, there seems to be at least a little elbow-room for optimism. Clipper Windpower today announced that: two...

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 71 – Portfolio Value £6,541 Down £321 On The Day

Red, red, red, our portfolio is as red as a sunburnt Communist sipping a Bloody Mary! Every one of our nine pathetic holdings finished the day in negative territory. Do I sound a little bitter? Maybe, just a touch, but the inner optimist in me is trying to see the positives. After dropping 9% (and drifting from almost a quid higher this time last month) ReneSola may have slipped back into my buying zone, so we could be looking at a top in the next couple of days. My newly-discovered risk-averse side is telling me to hold back and possibly even...

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 50 – Portfolio Value £7,459 Down £320 On The Day

Thud! That's the sound of the bottom falling out of our portfolio. There's going to be days like that but you've got to remain philosophical. As long as the good days outnumber the bad days, we'll get there in the end. I'm just not sure where there is! Clipper Windpower came back 6% on news and no volume after trading in the smallest of ranges for the past month whilst ReneSola gave up almost three quarters of yesterdays gains. The fun continues. On the plus side of the ledger, Melbourne-based Ceramic Fuel Cells finished in positive territory to the tune of 6.5% and...

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...