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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...

West China Cement – A Love Story

It's with a heavy heart that today I write about my sale of West China Cement. Our brief love affair - this time around, for we have loved before - began in July 2009 when I picked up 153 of these little grey beauties at £1.70. Watching our love take flight, two short weeks later I added another 221 shares at an already soaring £2.57. My 374 shares were averaged in at £2.21, for a total outlay of £828.21 before costs. Ahhh, the early days of a relationship. At the dawn of our wonderful time together West China Cement surged through £3...

Cement’s Taking Off

Early last week West China Cement caught my eye after finishing the day up 34 pence at 490 pence, a rise of a little over 7% on the day. At that point after a little positive pondering, I postulated that if WCC could breach the 5 quid mark that week and remain there - remaining there's a biggy - then it could be onward and upward for West China Cement in the coming weeks and months.  Well, it not only breached the 5 quid mark it smashed that particular ceiling finishing the week at 585 pence, up a chunky 125 pence from the...

West China Cement

First off allow me to apologise for the infrequency of my posting of late. Rather than braving the European chill, for the last month I've been avoiding things that slither and sting down under. I've swapped my laptop for a beach towel and the only stock that's piqued my interest has been the stock of beer in the esky. I've attempted to keep an eye on things financial whilst I've been here, but to be honest, any minor portfolio value gains I've made in that time seem to have been offset by corresponding minor losses with a net effect of, well,...

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...

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...

Purchase – West China Cement (a litte more)

Following the sale of our Lyxor EFT India holdings we've moved the cash a little further east taking up another tranche of West China Cement (WCC.L). Although West China Cement has already run up from £1.70 to £2.55 since our first uptake a few weeks back, we still think there's plenty o' good times ahead with West China Cement and we were happy to jump in with today's purchase of an additional 221 shares at £2.5672. We're now averaged in at £2.2144 per share in West China Cement for our 374 shares and we'll be hanging around 'til that cement hardens....

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,...

On the Move – West China Cement

Earlier this month we added West China Cement to the Investor Trader Radar, which we backed up with the purchase of a small tranche just a week later. Since then (15th July 2009) the share price has progressed from £1.70 to £2.20 (as I type) for a very handy 27% gain in a little over a week on no new news. So is something afoot? An 11% jump today (so far) has me thinking that maybe somewhere, someone knows something about something. Watch this space...