portfolio

January 2008

Base prices as for 31 Jan 2008 approx

Comments - current news.

Change overall Yesterday Nov 19th.-1.66%

FTSE Change - 1.4

FT350 Change - 1.5

I am making no mention of holding values here, nor any suggestion that the stocks rate as "buys" at the time of compilation. I did, however suspect stocks indicated * (Feb 5th 2008) could rise in value short term. B indicates where I may increase my holding. I could add gain and loss data, but it would hardly ever be up to date - I cannot update "real time". Note bracketed (prices) in right column.

842

Real and paper losses.
I have been asked on the iii website "how much have you lost so far by investing in ****". Well the answer is actually nothing. On paper the stake was down by 25.5%,(now 22.6% Oct 15) but I have not made an actual loss. The way the poster asking the question phrases the question suggests ignorance of the facts! A loss is not real until you sell or the company fails. This stake is now Down 29.3 (-)

I am now including a "balance" indicator in column 1 here to show the state of play. It will as far as possible reflect the close on the day indicated at the "updated" reference at the foot of the page. I am also indicating major recent moves with or as applicable. Day change indicator in brackets (-)

Note that from today (July 27th) this page will show previous day's data. Comments on the stock will appear here. Some text is repeated on both pages.

Topical stock of the moment!

Earthport
Good trading stock B (55p)
Balance -44.4 (-)

Oct 9th Profit warning. Results were not good, though the board sees progress.

AD 9 (Traded 8)

EPO 1500 now 2000

65.25* H
R+

aug 20 59.5

Interbank Cash services. Stream of new contracts here. The stock is becoming a good long term investment - Buy on any weakness. 1000 added Oct 10th. Jan 22nd - looks like rally is due (based on chart - target 60p) March 12th suspect rally shortly.
June 2nd £1.4m raised (options) August - Slide as bid prospects fade. Buy at under 60p?

Raised holding back to original level at just under 30p. Press speculation Thursday & Friday led to another fall. Bear Raid by Simon Cawkwell was main factor Friday

More on EPO Here

The three pharma stocks here, Minster Pharma, Reneuron (Stem cell treatments) and Skyepharma showed very similar share price graphs in 2008. All three are involved in research on new products and are subject to regulator approval etc. Information is available on all three company sites. All three have potentially very lucrative beneficial products in development Minster announced failure in trials for its drug!

R = Recent stake changes (+ = up since change, - = down since change.) Referring to price paid.

I will be adding (column1) my thoughts for 2009. Buy, Sell or Hold,and suggested stop loss (from current prices)

The lack of sells (to date - Dec 31st.) reflects the considerable falls seen already. If however you hold at a big loss, but also have gains elsewhere, then use losses in about March to offset those gains if they are above CGT limits.

Where AD appears in the share name cell I have "Averaged Down" Number = Year

Reminder "losses" in your portfolios. These are NOT actual losses until you sell! If you have missed "stop losses" then consider - is the potential further downside less significant than any potential upside? Has the company been undeservedly tarred by a general "selling" brush?

Archive Page 2

Archived comments on this page.

Brokers referred to this list, and representatives of other "share salesmen" (aka boiler room agents?) should bear in mind that I am not obliged to take any of their advice. "You must get on board this stock in a small way to show what results I can get for you to build up trust" is NOT an acceptable ploy! You all seem to use the same script, almost to the word!

Further comments will be indicated later

Base prices are MID prices

Some stocks have high spreads (4p or so) H at times

Energy and related.

Other Resources

Investment Trusts

Cash Shells - Holding.

Bid or other Situation

Leading Technology.

Note:- Technology includes Hardware and Plant, Software and Biotechnology.

Internaxx - Broker in Overseas Stocks.

Company

Ticker

Base Price

About the company - What it does.

AFC Energy

B (2.5 - 2p) Sl 1.5

Balance +8.9 (-)

AD 8 9

AFC
4000

15.75*

Developing fuel cells using waste hydrogen Akzo Nobel is partner here. Also could be a major contributor in Asia. B (16p) First cell could be in place shortly. News due January 09. Big drop Dec. 31. There is an output shortfall in the cells. More work needed. March 12th 6m shares traded at .25p yet the price closed unchanged.

Announcement due on the fuel cell trials.

February - See website for a short (3.5m) animated explanation of what AFC does! Tipped in Investor's Chronicle March 28th. Doubled holdiing here to 2000. Jan 2009 the cell at Akzo produced less than expected output, so needs more work. 16th April The first cell has been delivered and is being installed. Strong move in the share price!

Assoc. Brit Engineering. Site in preparation.
H (65 - 50) Balance +101.9 (nc) AD 8

ASBE 500

70* H

Virtually cash shell. British Polar Engines is active arm. A pension issue needs clearing up. 20p spread!

April 3rd.2008 I have no idea why, (perhaps fat finger syndrome?) the price crashed to 20p, but I jumped in for another 600 at 20p.(400 before). The price has recovered already! 500 sold at 50p. I remain in profit on the remainder

Astaire Group

-65.5 (nc)

ASTR 600

5.25

As part of takeover of Dowgate. Col 1 figure is now accurate. I really did not want this stock and it is showing why!

European Nickel

B (Sl 10p)

ENK 5000

17.5

Nickel extractor. Price moving ahead (19.5p) as permits are granted etc. Extraction sites in Albania, the Philippines and Turkey. March 11th 2009 placing announced at 6p.

Bottom fishing.Balance +57.6 (-) (after -35.6!) AD 8

R- Oct 30th. Raised holding by 4000 - could have had better price! Strong rise on Jan 14th. Feb 10th. - Rising price suggests possible bid? Feb 18th Turkey gets go-ahead! Feb 18th 19th funding announced for project as well. Major volume in the 19th!Presentation due on the 26th Feb - See website. Major surge on Aug 27th. (best not held)

Energy Technique

H (Sl 4p now 5p) Balance -64.5 (nc)

AD 8

ETQ 2000

10.5

Air conditioning systems. B (8p) There was much speculation over an air conditioning device against MRSA. Board buying stock! 10p June19th. Mid Jan 09 shares are rising for some reason, as yet unexplained. Strong rise August 10 -11 too! BIG drop Sept 24th - no reason given.

Eurasia Mining

H Balance -82.4 (-) Warrants

EUA 6000

3.62

Platinum mining prospector. Two major alluvial deposits assessed in Russia. Not actually mining yet (winter is impossible)

April 3 Drilling results are best so far! The share price seems way too low for a platinum producer. Platinum price has however collapsed! Warrant allocations now available - They may be traded?

Fortune Oil

B (6p or below) Balance +131.5 (-)

AD 3 (Traded)

FTO 15000

7*

Oil importer. Aviation fuel distributor. Natural Gas distributor and Coal Bed Methane producer in China. Feb 18th Below 7. Jan 22nd. Directors raise holding again. Feb 19th Gov't funding for Liulin Coal Bed Methane project. Aug 27 results led to profit taking (weak Bluesky data)

FTO is often volatile on a daily basis, with usually a low spread. CBM news is good. March 31st. Major new buy. They have a whole city contract. Wish I still held 40000! Recommend buy on any weakness. May 7th. Today up 1.25p. This puts the stock at a 5 year high - rising in afternoon trading. Currently 11p+ June 17th. Nov Now 8.13p

Warning - Investors are being called by offshore "brokers" Miller & Ross in New York offering ridiculous prices for this stock. My holding would be worth over £60000.00 , but its a SCAM! Do Not be taken in!

FORTUNE OIL PLC August 28th 2008
Interim Results for 6 months ended 30 June 2008
Fortune Oil invests in and manages oil and gas supply and infrastructure projects in China. Fortune Oil is quoted on the full list of the London Stock Exchange and has its headquarters in Hong Kong.
FINANCIAL HIGHLIGHTS
* Strong revenue growth of 26 per cent to £145.1 million (2007: £115.0 million).
* Operating profit improved by 28 per cent to £6.4 million (2007: £5.0 million).
* Profit before tax increased 14.6 per cent to £5.5 million (2007: £4.8 million).
* Net profit attributable to shareholders up 20.8 percent to £2.9 million (2007: £2.4 million).
* Gas distribution operating profit tripling to £2.3 million, now the largest contributor to the Group operating profit.

Garner

H (3) Sl 2p

Balance -54.4 (nc)

GAR 5000

4.5

Recruitment etc. Feb 14th. Why the sudden big (30%) surge in the share price? Was over 7p. Results (Mar31 2008) show increased loss.Not as good as expected clearly! Another major surge (volume as well this time) to 7p again on 8th August. Biggest gainer on market! Big move on April 29th / 30th! over 30%!

Image Scan

H Balance -66.5 (nc) AD 9

IGE 20000

6

Security scanners for airports etc. 13th - Strong rise today. Featured in March Aimzine - with absolutely no response! AD on that tip!

April 3rd. More scanner sales announced. This brings order book for H1 to £1m May 13th Stake doubled. August 10 - 11 Moving ahead! Nov 18th Doubled to 20,000 after big share drop.

JP Morgan Chinese

Balance +146.5 (-)

JMC 300

115.5*

Investment Trust - China primarily B (115) This seems rather oversold. Dividend 0.5p Paid Dec 19th. Price and NAV currently rising. (Jan 5th). Peaked at 103p!

B (on weakness)

Was possible to take profits at 101p. The share has fallen back a good way (87.25p), but be wary of a wide spread!

Lupus Capital.

B (recovery ploy - 16p) Balance -14.6 (-)

Buy at 6p or less. Up over 40% April 7th! Another move April 16th. Also April 28th! July 1st Greg Hutchins resigned!

AD 8 9 (Traded)

LUP 1000

Oct 30 half sold (1000)

75

R-

April 2nd. Share issue rumour.

Subsea couplings Gall Thompson- strong earner. Windows etc. Affected by property slowdown in USA. Brushes in photocopiers & printers. Current yield (at 7p) was over 40%! Results shortly may announce cut and changes to director remuneration etc in view of the situation. April 1st. Company announced non payment re Banking Covenants, pending re-negotiation. They CAN pay though!

April 21st. Another call (New York) re supposed takeover! August Housing data both sides of the pond is better. Results backed that up! Sept 1st Greg Hutchins stake raised from 4 to 11%! Followed up by requisitioning an EGM! Click HERE for site on the EGM

Greg failed to be elected to the board. The falling price since is not a good sign.

Minster Pharma Balance -87.4 (+)

AD 9 (Traded)

MPM 1000

38.5 R+

Drugs development. Migraine product trials are under way in USA. Tonabersat was thought to have great potential. Feb. 2nd. *It has failed the trials! Lost 16p on the day!

Buy opportunity? Doubled at 4.45p Sold 2nd Feb for 10p.

The huge drop last Friday could be an Icelandic fire sale. A limit buy order could be a good idea (Say at 5.5p). If that was the only reason for the drop, the return could be swift! No explanation was forthcoming on Monday but the price rallied to 6p.

Mercury Recycling

H Balance -47.6 (nc)

MRG 1000

19.25*

Reclamation of Mercury. Plant capacity just renewed and enlarged. B (20p) Results in May were excellent.

MRG is lightly traded with 1.5p or wider spread. Single trades can move the price! Sold 2000 Ap 21. Jan 11th. a major article in a Sunday paper on the company produced a major price rise on the 12th! This could well hold. The company is not just recycling fluorescent tubes now, and would appear not at too great a risk even in a recession. Profit taking Jan 14th. The price has now steadied midway up the recent rise. A dividend is possible this year!

Montanaro Euro

H Balance +139.1 (-)

MTE 100

330

Investment Trust - Europe. This is suitable for regular monthly investments, possibly a lump sum at the moment (Jan 2nd)

Millwall Holdings

H Balance -45.2 (-)

MWH 15000000

0.01

Soccer club - Property interests also. More off field potential than on perhaps? Near top of the division now though! May 18th. My holding was in profit for the first time! Missed taking profits! June 16th. shareholder ups stake to 8%

Netcall

B Balance +66.7 (-) AD

NET 4000

22.75

Communication leading specialist in callback, auto-messaging and contact solutions. Users show better efficiency. July 7th. profits warning, but director bought 100000! I added 2000 at 6p Approx before I read about the director! Sept 15th Major rise!

National Grid

B Balance +174.5(+)

NG.L 110

785

UK Electricity distribution. The stock is probably one of the safest.

Pan Pacific Aggregates

Company website here.

Second link (holding co)

Balance -17.7 (+) AD9

PPA

40000

2.5

Pan Pacific now has quarry assets in Canada, (Abbotsford BC) both a quarry business (Pumptown Quarry) and may have further potential sites in the same region. This stock has a very active discussion group at iii. Members are regularly in touch with the Abbotsford authorities about the company! Meeting Sept 14th should clear the "bridge problem" The Quarry has the "Go Ahead" as expected - hence I was in profit for a while!

Current Comments	More recent comments etc. here on a company specific page. n/c Feb 9th.
Spread	Trading is influenced by the spread - selling when it widens, buying when it narrows.Feb.11th Spread narrows, resulting in mid price gain. Also Feb 12th. See new technicals here. June 9th Another goalpost move by the FDA gives a big price drop to 156p (mid) Shorters perhaps? June 16th Doubled holding 130p appx. Raised at 96 and 91p

Invested value	Value (March 13th 09)	Value Friday (Feb 22nd 08)
Was £16,253.57	£12,719.88	£13,333.70
Now £12,612.51 - (see ) (and *) Also inc EUA warrants.	Cash £404.67 not in total. £200.00 withdrawn.	(£1300.00 written off)


January 2008	Base prices as for 31 Jan 2008 approx	Comments - current news.
Change overall Yesterday Nov 19th.-1.66%
FTSE Change - 1.4
FT350 Change - 1.5
I am making no mention of holding values here, nor any suggestion that the stocks rate as "buys" at the time of compilation. I did, however suspect stocks indicated * (Feb 5th 2008) could rise in value short term. B indicates where I may increase my holding. I could add gain and loss data, but it would hardly ever be up to date - I cannot update "real time". Note bracketed (prices) in right column.

Real and paper losses. I have been asked on the iii website "how much have you lost so far by investing in ****". Well the answer is actually nothing. On paper the stake was down by 25.5%,(now 22.6% Oct 15) but I have not made an actual loss. The way the poster asking the question phrases the question suggests ignorance of the facts! A loss is not real until you sell or the company fails. This stake is now Down 29.3 (-)
I am now including a "balance" indicator in column 1 here to show the state of play. It will as far as possible reflect the close on the day indicated at the "updated" reference at the foot of the page. I am also indicating major recent moves with or as applicable. Day change indicator in brackets (-)

Note that from today (July 27th) this page will show previous day's data. Comments on the stock will appear here. Some text is repeated on both pages.
Topical stock of the moment!

R = Recent stake changes (+ = up since change, - = down since change.) Referring to price paid.
I will be adding (column1) my thoughts for 2009. Buy, Sell or Hold,and suggested stop loss (from current prices)
The lack of sells (to date - Dec 31st.) reflects the considerable falls seen already. If however you hold at a big loss, but also have gains elsewhere, then use losses in about March to offset those gains if they are above CGT limits.
Where AD appears in the share name cell I have "Averaged Down" Number = Year

Further comments will be indicated later	Base prices are MID prices	Some stocks have high spreads (4p or so) H at times
Energy and related.	Other Resources	Investment Trusts
Cash Shells - Holding.	Bid or other Situation	Leading Technology.
Note:- Technology includes Hardware and Plant, Software and Biotechnology.
Internaxx - Broker in Overseas Stocks.

Assoc. Brit Engineering. Site in preparation. H (65 - 50) Balance +101.9 (nc) AD 8	ASBE 500	70* H	Virtually cash shell. British Polar Engines is active arm. A pension issue needs clearing up. 20p spread!
April 3rd.2008 I have no idea why, (perhaps fat finger syndrome?) the price crashed to 20p, but I jumped in for another 600 at 20p.(400 before). The price has recovered already! 500 sold at 50p. I remain in profit on the remainder

FTO is often volatile on a daily basis, with usually a low spread. CBM news is good. March 31st. Major new buy. They have a whole city contract. Wish I still held 40000! Recommend buy on any weakness. May 7th. Today up 1.25p. This puts the stock at a 5 year high - rising in afternoon trading. Currently 11p+ June 17th. Nov Now 8.13p
Warning - Investors are being called by offshore "brokers" Miller & Ross in New York offering ridiculous prices for this stock. My holding would be worth over £60000.00 , but its a SCAM! Do Not be taken in!
FORTUNE OIL PLC August 28th 2008 Interim Results for 6 months ended 30 June 2008 Fortune Oil invests in and manages oil and gas supply and infrastructure projects in China. Fortune Oil is quoted on the full list of the London Stock Exchange and has its headquarters in Hong Kong. FINANCIAL HIGHLIGHTS * Strong revenue growth of 26 per cent to £145.1 million (2007: £115.0 million). * Operating profit improved by 28 per cent to £6.4 million (2007: £5.0 million). * Profit before tax increased 14.6 per cent to £5.5 million (2007: £4.8 million). * Net profit attributable to shareholders up 20.8 percent to £2.9 million (2007: £2.4 million). * Gas distribution operating profit tripling to £2.3 million, now the largest contributor to the Group operating profit.

Skyepharma vs the 350 Pharma sector this year.

Re the Skyepharma board at iii. I have almost given up posting on that board because of the infantile behaviour of one person posting on it, or rather "voting" on it. I counted 4 down votes from me on 4 pages of posts, yet every single post I made was voted down. Karl Smith hasn't posted anything for over TWELVE months but just votes me down EVERY time! Just look up the record for yourselves!

The current position * £12,156.47 (n/a) -1.66% (Nov 19th.09)Market was down 1.4% overall. Current position * includes price of DMR (£600.00) at suspension.
The pre crash value was £12,718.78 (-0.53%) (Sept. 12th. 08)


Some of the stocks have limited trading.	Others can show extreme volatility and spread change. Single trades can move the price!

Page compiled Jan 2008	Most recent edit Nov 19th. 2009.
Stocks below this point are suspended from trading at present.