We're at that time of year now where it seems almost impossible for a dog owner to keep the kitchen floor clean. It wasn't quite so bad in our old house as the flooring was dark coloured, but in our new place, we thought the gleaming white floor tiling and cream cupboards would brighten the kitchen/diner up so much. This is until you take the dogs for a walk and there's mud walked through everywhere. It's like a never ending battle where there is only one winner! That aside, there is a lot to be said for being able to get outside for half an hour or so in a morning to just take in some fresh country air and appreciate life a little bit!
Another largely quiet week again in the Walker household. Mrs Walker was quite unwell so unfortunately had to cancel on some friends Friday night, though judging by my hangover after the last time we met up I think my liver will have thanked me!! Luckily a full recovery has been made and that meant we were able to visit Zip World in North Wales. We went on the Zip World Velocity which is quoted as being "The longest zip line in the Europe and the fastest in the world", quite a claim! It's situated in an old slate mine and you're taken right up to the top in the back of a rickety truck to breathtaking views over the Welsh valleys. Once up there you get a realisation of exactly what they mean! You're fastened in and make sure you're safe, but essentially you dangle on a bit of wire hanging over a vast quarry ready to hit speeds of over 100mph! If you're in the area and enjoy this sort of thing I would definitely recommend it though it can be a bit pricey.
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.
No buys or sells this week so a bit of a review of my current portfolio performance.
Management Resources (MRS) is still suspended as has been the case since late October. This was due "a number of operational and finance matters that require review". Subsequently this was followed up by an RNS stating that the CEO had been relieved of his position, seemingly due to the company growing and possibly he not being suited to run the company anymore. The main issue appears to be with the consulting side of the business and indeed in the most recent update from the company, they have now closed this department. There is no information as to exactly when trading will begin again on these so I'll be keeping an eye out and think I'll look to dump these as there are too many question marks over it for me now. A bad move on my behalf after seeing it recommended on the internet. Please remember, never follow internet tipsters (especially don't follow me!!!). Lesson learned hopefully...
Berkeley Resources (BKY) has been a bit static recently which will probably be the case until either an update is given on the infrastructure work at their Salamanca mine or an announcement is made on the next off take of Uranium from said mine. The Salamanca mine is due to come online in 2018 so intend to hold this until at least this time. Currently sitting at 15% profit with this holding.
Empiric Student Properties (ESP) has been on the verge of getting sold on. I've been holding this one for nearly 6 months and it's generally just moved sideways but recently has dropped leaving me up to 8% down. It has recovered a touch this week and I'm now sitting at 6% down, though dividend payouts during my time holding negates this loss. I'm just sensing I could possibly use the cash better elsewhere. I think I will review properly at the end of this month and make a decision.
H&T Group (HAT) hasn't done a great deal yet although I've only held this since the start of the month. I'll be keeping an eye on the price movement here but will also have another eye on the pending full year results due out early next year. The last trading update stated that profits before tax are expected to be "above the top end of market expectations". A bullish statement indeed.
Somero (SOM) has already risen nicely since purchasing on the 15th November, I'm currently approx. 10% up. It's a nice quite share this which has seen steady rises over the past 5 years. Think we may see a bit of pull back short term should the gains increase but I think this could be a decent winner.
Until next time,
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!