Thursday, February 02, 2006
January ends at +1%
Bit late this month-end review I'm afraid.
Anyway. I had to sell some of my Chaucer shares to cover my large spread-bet losses on Countrywide. My Countrywide bet is now closed and the losses have been stemmed. My move to a large position in Invox, the home-gaming and internet services company, has proved expensive. Though the shares have risen since my purchase, the spread is so large I am still losing money. Invox are quoted today at 88p to sell and 95p to buy versus my purchase price of 93.13p.
Despite a very positive trading statement, shares in Fayrewood have fallen back so far in 2006, from 117p to 110p. News that the Investor's Chronicle will tomorrow be tipping the company as one of it's eight bargain shares for the coming year could see them appreciate tomorrow.
Crucial proclamations are also expected from Invox and SVB in February. Invox is expected to announce interim results and SVB will again be supplying the market with it's quarterly report on exceptional loss reserve utilisation.
The Fayrewood and Invox expenses in January were made up by storming performances from Chaucer and SVB. Each stock put on around ten percent in the month to edge me in front of last year's final total.
Portfolio standing, end 2005:
Chaucer Holdings, 06/10/2003 at 42.88p (60p)
Chaucer Holdings, 06/04/2004 at 54.75p (60p)
SVB, 12/04/2005 at 24.12p (30p)
SVB, 13/09/2005 at 26.75p (30p)
Fayrewood, 15/04/2005 at 112.5p (117p)
Fayrewood, 19/04/2005 at 111.5p (117p)
+ cash holdings
at the end of January, 2006:
Chaucer Holdings, 06/10/2003 at 42.88p (65.5p)
SVB, 12/04/2005 at 24.12p (34.25p)
SVB, 13/09/2005 at 26.75p (34.25p)
Fayrewood, 15/04/2005 at 112.5p (110p)
Fayrewood, 19/04/2005 at 111.5p (110p)
Invox, 10/01/2006 at 93.13p (85p)
+ cash holdings
February could be a very big month for my portfolio. Wish me luck.
The Artful Dodger
Anyway. I had to sell some of my Chaucer shares to cover my large spread-bet losses on Countrywide. My Countrywide bet is now closed and the losses have been stemmed. My move to a large position in Invox, the home-gaming and internet services company, has proved expensive. Though the shares have risen since my purchase, the spread is so large I am still losing money. Invox are quoted today at 88p to sell and 95p to buy versus my purchase price of 93.13p.
Despite a very positive trading statement, shares in Fayrewood have fallen back so far in 2006, from 117p to 110p. News that the Investor's Chronicle will tomorrow be tipping the company as one of it's eight bargain shares for the coming year could see them appreciate tomorrow.
Crucial proclamations are also expected from Invox and SVB in February. Invox is expected to announce interim results and SVB will again be supplying the market with it's quarterly report on exceptional loss reserve utilisation.
The Fayrewood and Invox expenses in January were made up by storming performances from Chaucer and SVB. Each stock put on around ten percent in the month to edge me in front of last year's final total.
Portfolio standing, end 2005:
Chaucer Holdings, 06/10/2003 at 42.88p (60p)
Chaucer Holdings, 06/04/2004 at 54.75p (60p)
SVB, 12/04/2005 at 24.12p (30p)
SVB, 13/09/2005 at 26.75p (30p)
Fayrewood, 15/04/2005 at 112.5p (117p)
Fayrewood, 19/04/2005 at 111.5p (117p)
+ cash holdings
at the end of January, 2006:
Chaucer Holdings, 06/10/2003 at 42.88p (65.5p)
SVB, 12/04/2005 at 24.12p (34.25p)
SVB, 13/09/2005 at 26.75p (34.25p)
Fayrewood, 15/04/2005 at 112.5p (110p)
Fayrewood, 19/04/2005 at 111.5p (110p)
Invox, 10/01/2006 at 93.13p (85p)
+ cash holdings
February could be a very big month for my portfolio. Wish me luck.
The Artful Dodger
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