Thursday, November 30, 2006
YTD: -2%
I will be glad when 2006 is behind me.
Oil has dropped dramatically in price this month, forcing my largest shareholding, SOCO International, back down below £14, the lowest it has been in months. NCipher rallied recently above 300p on bid speculation only to fall away again when nothing came of it. Fayrewood continues to malinger (how many times have I written that?) and I will be glad when this frustrating investment is behind me.
I need new investments to earn returns for what is left of this year and the next. The problem is, everything I have looked at is nearly always just too expensive. Like Touchstone, Gladstone (two different companies) and Pilat Global.
On the short side, I recently took out a spread-bet that Carphone Warehouse, the mobile phone retailer would see its share price fall. So far, that bet looks to be coming good but is not included in the returns calculation you see below.
Bah, humbug. Bring on the New Year. 2006 has been a near disaster.
End of October 2006:
Fayrewood, 15/04/2005 at 112.5p (104p)
Fayrewood, 19/04/2005 at 111.5p (104p)
NCipher, 25/04/2006 at 233.5p (257p)
SOCO International, 13/03/2006 at 869.5p (1101.5p)
+ cash holdings
(that SOCO figure above is definitely wrong...)
as of close of trade today:
End of October 2006:
Fayrewood, 15/04/2005 at 112.5p (92p)
Fayrewood, 19/04/2005 at 111.5p (92p)
NCipher, 25/04/2006 at 233.5p (263p)
SOCO International, 13/03/2006 at 869.5p (1349p)
+ cash holdings
return for the year to date = -2%
Oil has dropped dramatically in price this month, forcing my largest shareholding, SOCO International, back down below £14, the lowest it has been in months. NCipher rallied recently above 300p on bid speculation only to fall away again when nothing came of it. Fayrewood continues to malinger (how many times have I written that?) and I will be glad when this frustrating investment is behind me.
I need new investments to earn returns for what is left of this year and the next. The problem is, everything I have looked at is nearly always just too expensive. Like Touchstone, Gladstone (two different companies) and Pilat Global.
On the short side, I recently took out a spread-bet that Carphone Warehouse, the mobile phone retailer would see its share price fall. So far, that bet looks to be coming good but is not included in the returns calculation you see below.
Bah, humbug. Bring on the New Year. 2006 has been a near disaster.
End of October 2006:
Fayrewood, 15/04/2005 at 112.5p (104p)
Fayrewood, 19/04/2005 at 111.5p (104p)
NCipher, 25/04/2006 at 233.5p (257p)
SOCO International, 13/03/2006 at 869.5p (1101.5p)
+ cash holdings
(that SOCO figure above is definitely wrong...)
as of close of trade today:
End of October 2006:
Fayrewood, 15/04/2005 at 112.5p (92p)
Fayrewood, 19/04/2005 at 111.5p (92p)
NCipher, 25/04/2006 at 233.5p (263p)
SOCO International, 13/03/2006 at 869.5p (1349p)
+ cash holdings
return for the year to date = -2%
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