What's this I hear you say? Another blog post? 2 within a month? Does this man even have a job??
Well, unfortunately yes I do have to work for a living, but I want to start posting with a bit more regularity than I have thus far in 2017 so here we are again!
As I write to you today my local town is clearing itself up from the devastating aftermath of "Storm Doris"! I was most perturbed yesterday evening when I took my dogs for a walk, to find my usual route blocked off by a felled tree leaving me completely flummoxed as to where to go! I have now managed to get over it (the stress, not the tree) and this morning found some somewhere else to walk them much to my relief. In all seriousness, it did cause chaos in many parts of the land. Indeed having to drive home from Glasgow through it all was certainly interesting, particularly for the poor chap who was picking up various bits of his car in the untouched snow covering the fast lane of the A74(M) along with a helpful Police Officer. I've also seen videos of trucks getting blown over, along with of course the obligatory and countless videos/pictures of children's trampolines making a getaway from their gardens across the country. Luckily the trampoline at the house directly behind us stayed firmly within it's boundaries.
Please note I am not tipping any shares and would seriously encourage anyone reading this to carry out thorough research on any company they are thinking of buying.
So a couple of trades to tell you about since the last update, and both have happened in the past couple of days. First up is the selling of what was a favourite of mine in Berkeley Energia (BKY), I like to have trailing stop losses on all of my buys, I feel it gives me that unemotional detachment from dithering on decisions about selling a share on. Wether it is the right way to go long term I'm unsure, but certainly for now it makes me feel much more comfortable with shares that I hold. So indeed BKY had started to fall off over the past week, and eventually it triggered my stop yesterday at 57p, leaving me with a healthy profit of £580, an increase of just under 50% from my original investment.
This freed up some cash to look elsewhere and indeed bought a few shares in Amino Tech (AMO) this morning for a price of 196p. I'd noticed this earlier in the week on the 'Breakouts' toplist on ADVFN. The Breakouts list is one of their Premium toplists which requires a yearly subscription, but it's invaluable for finding which shares are breaking out of the existing price range, especially if you choose breakouts over a 52 week period. The company provide "digital entertainment solutions" such as internet TV and IPTV etc. A recent results RNS showed pre tax profits to have risen a staggering 96% on the previous period, and has plenty of cash in reserve which is always a big plus in my view. It is at the higher end of my valuation, but I think there is definite potential here for growth. Time will tell as always!
With regards to my other current holdings, everything else seems pretty flat overall, just the usual slight day to day movements you get with these things. I'm just eagerly anticipating the forthcoming results from Somero (SOM).
I have updated my Trades page to reflect the above, and as you can see at the top of that page, I am now in profit since starting this blog. Long may it continue!!!
Confessions of a Crap Trader is a blog following a regular investor trying to make profit via the London Stock Exchange. Follow his journey as he attempts to hopefully one day pay his mortgage off in full!