Disclaimer: Shareinvestors is not authorised by the Financial Conduct Authority to give investment advice. Terms such as ‘Buy’, ‘Sell’ and ‘Hold’ are not recommendations to buy, sell or hold securities, these statements and other statements made by the author have the meaning only to express the author’s personal views on the quality of a security. Independent financial advice from an authorised investment professional should always be sought before making investments. CAPITAL AT RISK. Full Disclaimer here.
In the interests of absolute transparency I record all my share recommendations and produce a P&L in % terms on an ‘Inception to Date’ basis. Unlike a lot of ‘tipsters’ my trades also include a % adjustment for bid/ask and transaction costs.
I will also continue to state my positions at the end of all company specific articles too.
FEBRUARY ROLLING P&L
Here is the summary as at 28th February 2017. The average stock tip is 19% Inception to date, with 82% of my 26 tips in profit. On an annualised basis the average tip is 346%.
The principle detractors are my short calls on Genel and Sterling Bonds. My views have not changed on either. Genel publishes its full year trading results on 30th March 2016 and I expect heavy impairments to the balance sheet. Bulls will argue that much of the information is already known but I believe the potential extent of these impairments to catch some by surprise, particularly if the KRG arrears take a heavy hit. Regarding Sterling Bonds; I have seen nothing to indicate that my belief of a due correction is incorrect. Hurricane and Sirius were tipped again in the month and are currently both showing small losses, but I believe both to offer significant upside in the longer term.