Well what do we have here? I bet all 2 of you who read this blog thought I'd fallen off the face of the earth no?? Well fortunately not, I have however been pretty damn busy with work and general life! Trying to balance a hectic work, family and social life has never really been my strongest trait so as you can see, blog updates have been non-existent for much of this year. I will desperately try to rectify that in the coming weeks/months though so keep your eyes peeled.
I’ll try to use this update to give as brief an overview as possible on my investing has been going so far this year but I apologise in advance if this post is a bit long winded!
First of all the bad! Management Resource (MRS) finally came out of suspension in May at a heavily discounted price of 5p which I immediately sold at taking a heavy, heavy loss. It hurt in a monetary sense, however I was quite relieved to be rid of at long last. No more taking penny stock tips from Twitter from me!!!!
I spent a short time holding Empresaria (EMR) after it had broken out into it’s 52 week high. However very quickly it came back down again and hit my stop in place to sell for a 10% loss. As it stands today it’s down even further so a good move in the end!
As mentioned in a previous post I had been keeping an eye on Taptica (TAP) and eventually added it to my SIPP in the middle of last month. This is a very similar company to the already held XL Media (XLM) which did make me hesitate, however the figures were very encouraging, the chart was in a very nice upward swing and there was a trade update due soon and thought it looked too good to miss out. This has really moved upwards breaking into new highs this past week and currently sees me sitting on a paper profit of 28%. XLM is also at a healthy 22% profit at the time of writing so for the time being I’m more than happy to hold both.
Last month saw me dip my toe back into Boohoo (BOO). After months of stewing and moaning about the fact I sold last year for around a 1/3 of its current price, I saw the plans for the expansion of the distribution warehouse to cater for a huge increase of revenue and was enough to see me back in. Slightly down currently on this one but happy to look longer term with this rapidly growing clothing brand.
Creightons (CRL) released its full year results at the end of June which made very good reading. Significant revenue increase and its operating profit was up by a whopping 171% year on year. This is a slightly smaller company than I would normally go for with a market cap of only 22 million, but the figures speak for themselves and the company really do seem to be going places. I feel it could be a touch volatile but fingers crossed I’m onto a winner here.
Finally there is the purchase of Morgan Sindall (MGNS), who released a trading update with the very much sought after phrase “trading for the 6 months to 30 June 2017 has been substantially ahead of the previous year”. The profit to market cap ratio from the previous results still show that this appears to be slightly on the cheap side, so I’m expecting a decent rise here in the run to the results being announced.
That’s all I’ve got for the moment, but like I say I’ll be trying to keep this updated a bit more regularly. If you’d like to know when I post on the site please use the link in the top right corner to subscribe to the website.
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!