April 2017 – Running Tip P&L

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.

April 2017 ROLLING P&L

Here is the summary as at 30th April 2017. The average stock tip has delivered 24% return Inception to date, with 88% of my 27 tips in profit. On an annualised basis the average tip is 366%.

As was the case with March, the principle detractors are is my short call on Sterling Bonds (SLXX) and longs on Ovoca Gold and Berkeley Energia (OVG). On the longs I currently on Ovoca Gold ‘under review’ as I made a critical mistake in not fully reflecting on the size of the director holdings, which indeed give them a blocking share. This means poor performance is tolerated and chances of shareholder activism are limited, I have had no response from the board despite my best efforts to contact them despite by best efforts. The share price is still significantly below book value but it is hard to see a catalyst for a re-rate towards fair value when the board refuse to pull their finger out of arse…

Regarding Berkeley Energia (BKY), the market was spooked by a bearish broker note, the exit of BlackRock as an investor (likely following the research note) and the lack of further financing news for the completion of the mine. I wrote an article a few days ago here explaining why I still believe a share price target of 71p is achievable though.

Regarding Sterling Bonds; I have seen nothing to indicate that my belief of a due correction is incorrect. Patience required here in my opinion.

On the portfolio boosting side, Sirius Minerals looks finally clear of the placing overhang and the share performed well on positive construction news and a move to the main market. The EasyJet position was closed in the month after reaching my target and returning investors a respectable 18% in 2 months, i.e. 98% on an annualised basis.

The full report is here:

04 Trading Record

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March 2017 – Running Tip P&L

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.

MARCH 2017 ROLLING P&L

Here is the summary as at 31st March 2017. The average stock tip has delivered 22% return Inception to date, with 88% of my 27 tips in profit. On an annualised basis the average tip is 363%.

The principle detractors are is my short call on Sterling Bonds (SLXX) and longs on Ovoca Gold and Berkeley Energia (OVG). On the longs I currently on Ovoca Gold ‘under review’ as I made a critical mistake in not fully reflecting on the size of the director holdings, which indeed give them a blocking share. This means poor performance is tolerated and chances of shareholder activism are limited, I have had no response from the board despite my best efforts to contact them despite by best efforts. The share price is still significantly below book value but it is hard to see a catalyst for a re-rate towards fair value when the board refuse to pull their finger out of arse…

Regarding Berkeley Energia (BKY), the market was spooked by a bearish broker note, the exit of BlackRock as a share holders (likely following the research note) and the lack of further financing news for the completion of the mine. My understanding is there is no huge rush to complete financing as there is plenty of money in the bank to get ‘spades in ground’. I plan to do another blog piece in April looking at BKY in more detail, but with the shares back below 50p this could be a buy, especially with the promising exploration news.

Regarding Sterling Bonds; I have seen nothing to indicate that my belief of a due correction is incorrect.

2017 03 Trading

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February 2017 – Running Tip P&L

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.

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January – Running Trading P&L

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 trades and produce a P&L of all of my share tips.

I will also continue to state my positions at the end of all company specific articles too.

January ROLLING P&L

Here is the P&L as at 31st January 2017, which assumes you had taken a long/short position on my recommendation on the date of the article with £1,000 capital at risk. I do not always take exposures in all of the stocks I tip due to risk management purposes, i.e. not placing too much capital in one area. I may also have higher or lower exposure to individual stocks so this is not my actual gain/loss.

The average stock tip is 25% Inception to Date, with 92% of my 18 tips in profit. Annualised return over 400%.

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Click Here to Download Full Trading Overview 

 

December 2016 – Running Trading P&L

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 trades and produce a P&L of all of my share tips.

I will also continue to state my positions at the end of all company specific articles too.

December 2016 ROLLING P&L

Here is the P&L as at 30th December 2016, which assumes you had taken a long/short position on my recommendation on the date of the article with £1,000 capital at risk. I do not always take exposures in all of the stocks I tip due to risk management purposes, i.e. not placing too much capital in one area. I may also have higher or lower exposure to individual stocks so this is not my actual gain/loss.

dec-track

Click Here to Download Full Trading Overview 

The average stock tip is 24% Inception to Date, with 86% of my 18 tips in profit.

November 2016 – Running Trading P&L

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 trades and produce a P&L of all of my share tips.

I will also continue to state my positions at the end of all company specific articles too.

A) NOVEMBER 2016 ROLLING P&L

Here is the P&L as at 30th November 2016, which assumes you had taken a long/short position on my recommendation on the date of the article with £1,000 capital at risk. I do not always take exposures in all of the stocks I tip due to risk management purposes, i.e. not placing too much capital in one area. I may also have higher or lower exposure to individual stocks so this is not my actual gain/loss.

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Click Here to Download Full Trading Overview 

The average stock tip is 29% Inception to Date with 81% of my tips in profit.

September 2016 – Running P&L and Portfolio Analysis

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 trades and produce a P&L of all of my share tips.

I will also continue to state my positions at the end of all company specific articles too.

A) SEPTEMBER 2016 ROLLING P&L

Here is the P&L as at 30th September 2016, which assumes you had taken a long/short position on my recommendation on the date of the article with £1,000 capital at risk. I do not always take exposures in all of the stocks I tip due to risk management purposes, i.e. not placing too much capital in one area. I may also have higher or lower exposure to individual stocks so this is not my actual gain/loss.

Picture1.pngClick Here to Download Full Trading Overview

The total return inception to date is 12.99%, an increase of 7% compared to prior month. The FTSE100 delivered 2.6% versus portfolio return of 12.99% over the same period.

The biggest drag on the portfolio is my SELL call on Cloudtag. I still believe the stock is fundamentally overvalued though so my reccomendation hasn’t changed.

Two stocks reached their target in the month, Sirius Minerals and Sepura. These positions are now closed returning 26% and 41% in a matter of days.

B) PORTFOLIO ANALYSIS

I am starting to think we are pretty much at the top of the market, I am becoming more defensive by the months. I have just over half of my portfolio in cash and lower risk bonds and continuing to pick individual potential stocks.

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August 2016 – Running P&L and Portfolio Analysis

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 trades and produce a P&L of all of my share tips.

I will also continue to state my positions at the end of all company specific articles too.

A) August 2016 ROLLING P&L

Here is the P&L as at 31st August 2016, which assumes you had taken a long/short position on my recommendation on the date of the article with £1,000 capital at risk. I do not always take exposures in all of the stocks I tip due to risk management purposes, i.e. not placing too much capital in one area. I may also have higher or lower exposure to individual stocks so this is not my actual gain/loss.

 

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In summary FTSE100 delivered 0.91%, versus portfolio return of 6.88% over the same period.

B) PORTFOLIO ANALYSIS

Not updated this month.