Wednesday 21 September 2016

Backwards Step

There's so much tension this week. To come within £280 of the combined ISA and share accounts going into the black I was sure today would be the day.

Unfortunately a lot of the past few day's gains were hit hard today, with GVC:GVC Holdings dropping 13p a share, TLOU:Tlou Energy losing 9.8%, KIBO:Kibo Mining down another 2.7% and most shocking ILKA:Ilika down by 10.5% on no news. That does seem to be the problem - no news!

PAF:Pan African Resources gave a superb set of results and announced a massive dividend increase, so the resulting 4% share price increase was a disappointment. A few other improvements like RED:RedT Energy up 2.1% and LOOK:Lookers up 2% and most notably IOG:Independent Oil & Gas up 14.8% helped reduce the loss on the day to about £300, with the SIPP gaining around £100 it means the overall picture across all portfolios is £1,142 in the black.

Unfortunately, rather than the combined ISA and share portfolios being within £280 of break even, they are now £604 away, and unless something spectacular happens after the Fed interest rate announcement, my dreams of reaching the next milestone are unlikely to be fulfilled this week.

Meanwhile I'm getting even more excited about IQE:IQE. Reading bulletin boards is sometimes dangerous, with blatant ramping and little substance, but the IQE bulletin board has some quality posters and it's a great way to find out more about what IQE are producing. They have so many strings to their bow, and in an area that's the future for high tech. Add to that strong fundamentals and I think this could easily go from 31p to 50p over the next 12 months. I need to find a way to get some more!

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