portfolio

January 2008

Base prices as for 31 Jan approx

Comments - current news.

I am making no mention of holding values here, nor any suggestion that the stocks rate as "buys" at the time of compilation. I do, however suspect stocks indicated * (Feb 5th) 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.

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!

Comment - Events in Georgia will produce market unease in the coming week (August 11th.)

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.

Company

Ticker

Base Price

About the company - What it does.

AFC Energy

AFC
2000

15.75*

Developing fuel cells using waste hydrogen Akzo Nobel is partner here. Also could be a major contributor in Asia. B (16p)

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.

Assoc. Brit Engineering. Site in preparation.

ASBE 500

70* H

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

April 3rd. 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.

British Energy

BGY Sold April 22.

519.5

Nuclear powered electricity generator. Has land which could be used for new reactor builds shortly.

April 2008

Currently the target of several bidders aiming to build the next generation of UK Nuclear power stations. The company has sites available.

Bella Media

BLL 20000

0.88

Cash shell - IMAX venture was sold off. If no deal is forthcoming it may be delisted. I am currently without stock (and £1100.00)

April 3rd. I sold BLL for CGT reasons and have gone back in again at under .6p. They have until December to find a reverse candidate, and WILL have a fundraising at the time as well, so bear that in mind.

Dowgate Capital

DGT 2000

12.75

Nomad - Large number of contracts. Corporate stockbroking. This stock is probably underrated. Just raised to 2000

Announced March 5th.

Dowgate Capital plc, the AIM quoted financial services group focused on small companies, announces that Dru Edmonstone and Philip Dumas will be joining the Board of its subsidiary, Ellis Stockbrokers Limited (`Ellis'), as joint Head of Corporate Broking, with effect from 12th March 2008.
Mr. Edmonstone and Mr. Dumas, who both have excellent track records of raising money for corporate clients, will head Ellis's institutional and corporate broking team at its new City office which will complement its existing private client and corporate broking business based in Crawley, Sussex. Together, Mr. Edmonstone and Mr. Dumas will seek to build a City broking team and extend the Group's existing base of corporate clients.

Dimension Resources

DMR 110000

0.32*

Cash shell (Building Facing Stone also.) The company quarries are being run by contractors. Weak Rand a problem. B Raised.

European Nickel

ENK 1000

17.5

Nickel extractor. Price moving ahead (19.5p) as permits are granted etc. Extraction sites in Albania, the Philippines and Turkey.

Earthport

EPO 1000

65.25* H

Interbank Cash services. Stream of new contracts here. The stock is becoming a good long term investment - Buy on any weakness (88.5 p today)

EPO shows considerable daily ranges at times, but be wary of a widening spread. 9m traded on Feb 6th. were practically all buys! Almost NO trading the next day! Feb 18th. Are we due another run? (see charts). May have topped out? Results on the 27th. March. Price rises, and deals continue to be added - Now 89p! June 17th.

Energy Technique

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.

Eurasia Mining

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.

Finsaga

FNS 1000

nla

Ex award winning ISP provider now shell. Results good. Company being delisted and shareholders to get almost 30p per share in cash. About to return cash to shareholders. The first instalment was paid on August 5th.

Fortune Oil

FTO 16000

7*

Oil importer. Aviation fuel distributor. Natural Gas distributor and Coal Bed Methane producer in China. Feb 18th Below 7.

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.

Garner

GAR 5000

4.5

Recruitment etc. Feb 14th. Why the sudden big (30%) surge in the share price? Was over 7p. Results (Mar31) 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!

GNE

GNE 200

92.5

Fuel distribution in uk. Has fuel card system to monitor purchases. 18th April. Big surge on bid possibility 170p suggested.

Hitchens Group. More later.

Wallgate Group

HIT

13.5 (paid)

Retailing end of line stock. Sells stock in eBay shop. Has now taken over supplier Wallgate and taken the name. hence recent interest. Trading levels are improved after this takeover..

Boiler Room Activity! I have been in touch with the FSA on this subject, and Wallgate too.

Sadly there appears to have been activity in this stock by at least one "Boiler Room". They have taken cash to buy the stock, but according to Wallgate and registrars I do not appear on the registry, nor do (or did) at least three other investors I have information about. One investor has got his money back (from MAI Holdings) and I propose to do the same if no certificates appear within the next few days. July 3rd. Still nothing! Does anyone have a number for MAI Holdings? Weizman Associates seem to be incapable of giving me a correct contact number for MAI!

Movement!

There is very little trading in this stock, with a wide spread (15 - 18). Announcement due this week. March 31 Trades today all buys. April 2nd. The supplier buy is announced - two extra companies in fact. Now up to 20p! Very odd trade (14p) on May 7th! (This could be MAI dealing stock)

Image Scan

IGE 5000

6

Security scanners for airports etc. 13th - Strong rise today.

April 3rd. More scanner sales announced. This brings order book for H1 to £1m

JP Morgan Chinese

JMC 450

115.5*

Investment Trust - China primarily B (115)

Lupus Capital.

LUP 1000

75

Subsea couplings Gall Thompson- strong earner. Windows etc. Affected by property slowdown in USA. Brushes in photocopiers & printers.

LUP seems oversold. (69p) Any turnround in USA domestic property will revive it. Results were better than expected. Share Dividend yield (at 37p) is 9.24% (Ex Dividend May 7th). July 4th. Stock hit a new low of 25p, prompting me to raise my holding by 550 at just under 26p. Closed at 30.75 (mid). Gall Thompson reported as "thriving". I seem to recall that Gall Thompson alone earlier warranted a higher share price.

Comments published 4th July. The share rating is very low indeed - The value of Gall Thompson could be in excess of Lupus's entire market value. Lupus is an acquisitive company that cannot use its stock market quote to further its ambitions - which could persuade it to withdraw from the market altogether.
The writer found the fall through 50p "very hard to understand"
This agrees entirely with my view on Gall Thompson. That alone has supported a higher price. Debt is high though.

Minster Pharma

MPM 400

38.5

Drugs development. Migraine product trials are under way in USA.

Mercury Recycling

MRG 500

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

Montanaro Euro

MTE 100

330

Investment Trust - Europe.

Millwall Holdings

MWH 15000000

0.01

Soccer club - Property interests also. More off field potential than on perhaps? Wrong end of the division! Lost a 3 goal lead in first match! Lost 4 - 3.

Netcall

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!

National Grid

NG.L 110

785

UK Electricity distribution.

Pan Pacific Aggregates

Company website here.

Second link (holding co)

Share price at time of compilation 1.85-2.00

PPA

10000

2.5

The US infrastructure is crumbling. There seems to be a strong risk of recession. One way to help recover, should that happen, is to start infrastructure repair projects.
Pan Pacific now has Working assets in Canada, (Abbotsford BC) both a quarry business (Pumptown Quarry) and experienced local operators, with the heavy equipment needed (CNI Equipment) and contacts with the local ministries etc. The plan is to reach full capacity in 12 months. They also now have a land buy which contains sand which satisfies building requirements literally next door to another sands operation which is exporting to California via an existing terminal. Its clear what that could mean! July 7th. Announcement of signing this deal - price up almost 2p!

This is in addition to the original area where there has been opposition from locals etc.

Announcements planned.

Initial forecasts for the next 12 months were released in July. Aug 14 raised holding by 6000 shares.

Providence Resources

PVR 3000

5.4*

Petroleum producer and offshore prospector. Several fields being explored offshore. Drilling news may boost the price. (6.23)

Reneuron

RENE 2000

15.75

Stem Cell treatment research. First product in trials. April 22 a strongly negative (and probably incorrect) report brings a share price fall, quite possibly a good buy opportunity (8.5p)

Responze TV

RETV 2000

22*

Internet and TV marketing - Wholesaling - Infomercials. Trading in Asia and USA. New HQ in Florida. B (20p)

ResponzeTV PLC ('the Company')
Statement re: Suspension

ResponzeTV has today requested that AIM suspend trading in its securities pending clarification of its financial position.
Following a review of the financial reporting systems, certain accounting discrepancies have emerged within the Company's US operations Reliant International Media. The board are currently investigating these discrepancies however there can be no guarantee, at this stage, that the Company will be able to continue trading following clarification of its financial position.
In view of the above it is unlikely that the Company will be able to publish its audited results for the year ended 31 December 2007 by 30 June 2008 as its required under the AIM Rules. A further announcement will be made in this regard in due course.
The Board of Directors is discussing the Company's financial position with its accountants and funders.
Directorate change
Kevin Harrington, Chief Executive Officer, and Tim Harrington, Chief Operating Officer, have been suspended from the board with immediate effect.
22 May 2008
For further enquiries contact:
Steven Goodman,
Executive Chairman, ResponzeTV PLC
+61 400 83 5555
Bobbie Hilliam,
Evolution Securities Limited
Tel: +44 207 071 4300

RETV could possibly be dramatically re-rated if the April results for the enlarged company are good. Doubled holding (at par). Results expected this month. April 2nd. Trading statement is very positive. Share price rises from 16p and holds. Results expected early May (was 3rd in 2007)

It appears that all is not what it seemed at Reliant International Media. Accounting discrepancies have been discovered. This could materially affect the figures quoted in February. The company is not just Reliant, but that is a major part of it. What happens now depends on how serious the discrepancies are, and whether the other investors in rhe company ( i.e MediaXposure etc) view this apparent deception. Certainly when the stock relists the price will drop to nearer the 16p par value. PKM May 22nd 2008.

Ramco Energy

ROS 2500

23* H

Oil producer and prospector. Price is now more volatile, possible trading opportunities here. (60p Aug 8th)

April 11th and June 17th.

Impending announcements from Iraq boosted the price 25% to 27.5 (mid) Pity I sold 4000 (all at profit though) Currently 48.5p following announcement of renewables division. Trading is currently v strong in the share - 53p on 19th. June. Sold 1000 at 70p

Rolls Royce

RR.L 207

486.25

Aero Engines

Scottish American Inv.

SCAM 100

231

Investment Trust.

Sterling Energy

SEY 6000

10*

Petroleum producer - Just taken over another company. I have raised holding here. Drilling news possibly soon? Shares at low?

In Mail on Sunday today. (April 6th)
Sterling (current market value £140m) plans to sell its US assets (valued at about £150m by analysts) Sterling are "about to appoint advisers", according to the report.The new CEO Graeme Thompson is "very pleased" by the recent gas find.
If the sale happens the £70m debt will be wiped out, leaving cash to invest in Kurdistan and Madagascar, which "have huge potential"
Also mentioned is that Denis O'Brien an entrepreneur has a 9.08% stake in Sterling and has bought more since. This news seems to be too far ahead of the short termers, hence the muted reaction in the markets. Bear in mind though that new wells are already contributing to the bottom line, even before any sale goes through.

14th. March. Gas drilling success in the USA. Will be producing in April. Strong response in share trading. Also drilling to reopen a proved field. This share seems way too low! Presentation (April 3rd) will be on the website from 13.00 today.

Gabon Drilling

This turned out (July 31st) to contain water. Costs, however were more than covered in the agreements made prior to drilling, so are not a negative factor for the company, though some punters may be distracted and think it was.

Chart date Aug 04. It would seem that a rebound is likely as occurred before in April

Skyepharma

SKP 3000 July9 @2.99p

12.5* Now 3p! (August)

Controlled release drug formulations. Delay prone (FDA) Also there is a pending potential cash problem with convertibles. Rally in price - looks as though it will pause at 13.5 or so. Current dive ( 8p) may be a high risk bottom fishing chance. July - progress on the testing of Flutiform is proceeding.

July 8th/9th. Postponement of the talks (May 2009 is the critical date) is logical. The next company results may be a better time.

The company had said in May that a proposal to key bondholders and definitive plans for the bonds were expected to be announced shortly after results of two pivotal phase III efficacy trials of asthma treatment Flutiform.
Positive top line results of both of the trials have now been reported, but despite significant support for its plans, talks about the specific proposals for the bonds have been postponed due to "current capital market conditions".The bonds deadline is May 2009. One corporate holder has almost doubled its holding! Another reduced by appx 20%.

Sportech

SPO 100

81.25

Football pools etc operator. The "New Football Pools" will begin activity in the new season, aimed at different clientelle

Spiritel

STP 50000

.9*

VOIP provision. New contracts recently. Surge on results (1.6) did not hold. Recent comments suggest a rally. (0.73) Passed 2p! Negotiating with another company is why. Is also, (July31) quoted as being "profitable so far in the new fy with turnover up markedly."

April 3rd. Buys WN1 ltd. They resell various communication products and the deal is expected to be earnings enhancing at once. It will be rebranded "Spiritel Mobile", based in Wigan. (Late April press has revived the price) EGM has ratified the new share placing - trading is moving to buys ahead of this, which may be a good omen. Proved Right! August 8th - share price sliding somewhat after the deal was announced.

August 5th. ACQUISITION OF NETWORK SERVICES RESELLER, ED COMMUNICATIONS LTD

SpiriTel makes sixth acquisition into rapidly expanding SpiriTel Business Division

SpiriTel plc, (AIM:STP), the business communications service provider, is pleased to announce the acquisition of ED Communications Ltd. ("ED"), for a total consideration of up to £3.0 million.

Under the terms of the acquisition, SpiriTel has agreed to pay £0.8 million in cash on completion with £0.5 million of deferred payments payable over a two year period. Performance-related earn-out payments of up to £1.7 million are also payable by September 2009 with the maximum consideration payable being £3.0 million. The acquisition is to be funded by an extension to SpiriTel's debt facility with Clydesdale Bank. In the year ending 31 December 2007, ED reported revenues of £2.1 million, EBITDA of £0.29 million and has tax losses of approximately £5 million.

Tandem Group

TND 1116

13.75

Bicycle assembler and distributor. Also other wheeled products etc. (17). Shareholders are being called by a US firm. There is supposed to be a bid for the company. Nothing of the sort is to happen!

Ultrasis

ULT 20000

.65

Computer based treatment. NHS involvement has been slow on the uptake. Contracts elsewhere, inc possible big growth in USA.

Feb 18th.

There has been news and a surge in buying. The charts suggest more may be on the cards. Price now 0.84 - Almost 1p Feb 20th. Two contracts signed! Peaked on results. (1.22) March - Surge and profit taking (1.5 peak.) Now almost back to 1p. (May 28th)

April 11th

The share has had a strong run, now standing above most of 2007. The interims are due any day, so be prepared to react rapidly! Profit announced. Sold 40000 Ap 21 at a profit. Plan to rebuy at under 1p. The chart below is not current. Rebought as planned, doubling to 20000.

Chart Update Aug 04. It shows 2 of my buy levels but not the sells.

Vatukoula Gold Mines

VGM 10000

1.88

Gold and diamond miner. Results Feb 28th. EGM shortly on the 6p placing etc. That may spark a rise. The price has fallen to around 2p since then. (profits taken by myself)

RVD is likely to return at a premium. Placing made at 6p! Returned 13th March.4.47 after 5.75. GM ratifies the share placing. Shares trade as from April 1st. 10000 sold (130% profit) since the price has stalled, despite solid news from the gold mine which has given the company a new name! The share is now roughly at my original purchase price -PRIOR to the gold mine deal!

The current position * £13,167.65 (+4.32%) (Aug. 15th) (updated weekly below.)

Invested value

Value Friday (Feb 15th)

Value Friday (Feb 22nd)

Was £16,253.57

£12,862.97

£13,333.70

Now £12,622.66 - (see *)

Cash £113.50 not in total.

(£1300.00 written off)

See new entry Hitchens - this is not in my main portfolio, but is included here for reference.

Some of the stocks have limited trading.

Others can show extreme volatility and spread change. Single trades can move the price!

Mail on Sunday20th April. Limit order placed. Successful.

Rheochem Is suggested as being overlooked at 13p. It had peaked at 25p at flotation. Website Here.

Rheochem is a diversified oil and gas business admitted to trading on AIM that specialises in the provision of drilling fluids and engineering services to the oil and gas exploration industry with operations in Australia, New Zealand and India. Rheochem also holds investments in two near term potential development oil and gas assets located in the North Sea, UK and Texas, USA, provides mineral processing services to the mining industry, and owns and operates one of only three purpose built mud blending facilities on the North-West Shelf of Western Australia.

Page compiled Jan 2008

Most recent edit August 22nd. 2008.


January 2008	Base prices as for 31 Jan approx	Comments - current news.
I am making no mention of holding values here, nor any suggestion that the stocks rate as "buys" at the time of compilation. I do, however suspect stocks indicated * (Feb 5th) 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.

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.

Company	Ticker	Base Price	About the company - What it does.
AFC Energy	AFC 2000	15.75*	Developing fuel cells using waste hydrogen Akzo Nobel is partner here. Also could be a major contributor in Asia. B (16p)
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.

Assoc. Brit Engineering. Site in preparation.	ASBE 500	70* H	Virtually cash shell. British Polar Engines is active arm. A pension issue needs clearing up. 20p spread!
April 3rd. 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.

British Energy	BGY Sold April 22.	519.5	Nuclear powered electricity generator. Has land which could be used for new reactor builds shortly.
April 2008	Currently the target of several bidders aiming to build the next generation of UK Nuclear power stations. The company has sites available.

Bella Media	BLL 20000	0.88	Cash shell - IMAX venture was sold off. If no deal is forthcoming it may be delisted. I am currently without stock (and £1100.00)
April 3rd. I sold BLL for CGT reasons and have gone back in again at under .6p. They have until December to find a reverse candidate, and WILL have a fundraising at the time as well, so bear that in mind.

Dowgate Capital	DGT 2000	12.75	Nomad - Large number of contracts. Corporate stockbroking. This stock is probably underrated. Just raised to 2000
Announced March 5th.	Dowgate Capital plc, the AIM quoted financial services group focused on small companies, announces that Dru Edmonstone and Philip Dumas will be joining the Board of its subsidiary, Ellis Stockbrokers Limited (`Ellis'), as joint Head of Corporate Broking, with effect from 12th March 2008. Mr. Edmonstone and Mr. Dumas, who both have excellent track records of raising money for corporate clients, will head Ellis's institutional and corporate broking team at its new City office which will complement its existing private client and corporate broking business based in Crawley, Sussex. Together, Mr. Edmonstone and Mr. Dumas will seek to build a City broking team and extend the Group's existing base of corporate clients.

Earthport	EPO 1000	65.25* H	Interbank Cash services. Stream of new contracts here. The stock is becoming a good long term investment - Buy on any weakness (88.5 p today)
EPO shows considerable daily ranges at times, but be wary of a widening spread. 9m traded on Feb 6th. were practically all buys! Almost NO trading the next day! Feb 18th. Are we due another run? (see charts). May have topped out? Results on the 27th. March. Price rises, and deals continue to be added - Now 89p! June 17th.

Eurasia Mining	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.

Fortune Oil	FTO 16000	7*	Oil importer. Aviation fuel distributor. Natural Gas distributor and Coal Bed Methane producer in China. Feb 18th Below 7.
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.

Image Scan	IGE 5000	6	Security scanners for airports etc. 13th - Strong rise today.
April 3rd. More scanner sales announced. This brings order book for H1 to £1m

Lupus Capital.	LUP 1000	75	Subsea couplings Gall Thompson- strong earner. Windows etc. Affected by property slowdown in USA. Brushes in photocopiers & printers.
LUP seems oversold. (69p) Any turnround in USA domestic property will revive it. Results were better than expected. Share Dividend yield (at 37p) is 9.24% (Ex Dividend May 7th). July 4th. Stock hit a new low of 25p, prompting me to raise my holding by 550 at just under 26p. Closed at 30.75 (mid). Gall Thompson reported as "thriving". I seem to recall that Gall Thompson alone earlier warranted a higher share price.
Comments published 4th July. The share rating is very low indeed - The value of Gall Thompson could be in excess of Lupus's entire market value. Lupus is an acquisitive company that cannot use its stock market quote to further its ambitions - which could persuade it to withdraw from the market altogether. The writer found the fall through 50p "very hard to understand" This agrees entirely with my view on Gall Thompson. That alone has supported a higher price. Debt is high though.

Mercury Recycling	MRG 500	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
Montanaro Euro	MTE 100	330	Investment Trust - Europe.
Millwall Holdings	MWH 15000000	0.01	Soccer club - Property interests also. More off field potential than on perhaps? Wrong end of the division! Lost a 3 goal lead in first match! Lost 4 - 3.
Netcall	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!

Providence Resources	PVR 3000	5.4*	Petroleum producer and offshore prospector. Several fields being explored offshore. Drilling news may boost the price. (6.23)
Reneuron	RENE 2000	15.75	Stem Cell treatment research. First product in trials. April 22 a strongly negative (and probably incorrect) report brings a share price fall, quite possibly a good buy opportunity (8.5p)

Ramco Energy	ROS 2500	23* H	Oil producer and prospector. Price is now more volatile, possible trading opportunities here. (60p Aug 8th)
April 11th and June 17th.	Impending announcements from Iraq boosted the price 25% to 27.5 (mid) Pity I sold 4000 (all at profit though) Currently 48.5p following announcement of renewables division. Trading is currently v strong in the share - 53p on 19th. June. Sold 1000 at 70p
Rolls Royce	RR.L 207	486.25	Aero Engines

Sterling Energy	SEY 6000	10*	Petroleum producer - Just taken over another company. I have raised holding here. Drilling news possibly soon? Shares at low?
In Mail on Sunday today. (April 6th) Sterling (current market value £140m) plans to sell its US assets (valued at about £150m by analysts) Sterling are "about to appoint advisers", according to the report.The new CEO Graeme Thompson is "very pleased" by the recent gas find. If the sale happens the £70m debt will be wiped out, leaving cash to invest in Kurdistan and Madagascar, which "have huge potential" Also mentioned is that Denis O'Brien an entrepreneur has a 9.08% stake in Sterling and has bought more since. This news seems to be too far ahead of the short termers, hence the muted reaction in the markets. Bear in mind though that new wells are already contributing to the bottom line, even before any sale goes through.
14th. March. Gas drilling success in the USA. Will be producing in April. Strong response in share trading. Also drilling to reopen a proved field. This share seems way too low! Presentation (April 3rd) will be on the website from 13.00 today.
Gabon Drilling	This turned out (July 31st) to contain water. Costs, however were more than covered in the agreements made prior to drilling, so are not a negative factor for the company, though some punters may be distracted and think it was.
Chart date Aug 04. It would seem that a rebound is likely as occurred before in April

Skyepharma	SKP 3000 July9 @2.99p	12.5* Now 3p! (August)	Controlled release drug formulations. Delay prone (FDA) Also there is a pending potential cash problem with convertibles. Rally in price - looks as though it will pause at 13.5 or so. Current dive ( 8p) may be a high risk bottom fishing chance. July - progress on the testing of Flutiform is proceeding.
July 8th/9th. Postponement of the talks (May 2009 is the critical date) is logical. The next company results may be a better time.	The company had said in May that a proposal to key bondholders and definitive plans for the bonds were expected to be announced shortly after results of two pivotal phase III efficacy trials of asthma treatment Flutiform. Positive top line results of both of the trials have now been reported, but despite significant support for its plans, talks about the specific proposals for the bonds have been postponed due to "current capital market conditions".The bonds deadline is May 2009. One corporate holder has almost doubled its holding! Another reduced by appx 20%.

Ultrasis	ULT 20000	.65	Computer based treatment. NHS involvement has been slow on the uptake. Contracts elsewhere, inc possible big growth in USA.
Feb 18th.	There has been news and a surge in buying. The charts suggest more may be on the cards. Price now 0.84 - Almost 1p Feb 20th. Two contracts signed! Peaked on results. (1.22) March - Surge and profit taking (1.5 peak.) Now almost back to 1p. (May 28th)
April 11th	The share has had a strong run, now standing above most of 2007. The interims are due any day, so be prepared to react rapidly! Profit announced. Sold 40000 Ap 21 at a profit. Plan to rebuy at under 1p. The chart below is not current. Rebought as planned, doubling to 20000.
Chart Update Aug 04. It shows 2 of my buy levels but not the sells.

Vatukoula Gold Mines	VGM 10000	1.88	Gold and diamond miner. Results Feb 28th. EGM shortly on the 6p placing etc. That may spark a rise. The price has fallen to around 2p since then. (profits taken by myself)
RVD is likely to return at a premium. Placing made at 6p! Returned 13th March.4.47 after 5.75. GM ratifies the share placing. Shares trade as from April 1st. 10000 sold (130% profit) since the price has stalled, despite solid news from the gold mine which has given the company a new name! The share is now roughly at my original purchase price -PRIOR to the gold mine deal!

The current position * £13,167.65 (+4.32%) (Aug. 15th) (updated weekly below.)
Invested value	Value Friday (Feb 15th)	Value Friday (Feb 22nd)
Was £16,253.57	£12,862.97	£13,333.70
Now £12,622.66 - (see *)	Cash £113.50 not in total.	(£1300.00 written off)