Tuesday, 27 September 2016

Still In The Red

At one point it looked as if today was going to be a disaster, with a loss bigger than today, but by the end of entering the prices into my spreadsheet, the combined portfolios were £20 up and reduced the deficit to just £30.

The other notable event today was the demotion of KIBO:Kibo Mining from Star Share. It fell 3.1% and two places in a day. Down below 2nd place TLOU:Tlou Energy which climbed 3.6% today, and below re-instated Star Share CWR:Ceres Power, up 2.4% and making £1,140 profit.

The share that really saved the day today was RED:RedT Energy, which climbed 9.5% and at £700 profit is another contender for Star Share. Nemesis Share OPTI:Optibiotix climbed 1p today, which also helped out, IQE:IQE climbed 4.1% and I definitely want some more of these, and biggest disappointment was AFG:Aquatic Food Group whose share price climbed 6.1% but the bid price remained the same and the spread widened to 25%. Very naughty!

Everywhere else was a sea of red, which was unfortunate, as I was expecting a rally after the presidential debate. Oil prices and Deutsche Bank scuppered any chance, but I notice the American markets are all up, so maybe there's hope for tomorrow.

Meanwhile I have my eyes on both IQE:IQE and CMCL:Caledonia Mining. I've always regretted selling Caledonia. I sold them at 69p and made £640 profit, which was a lot at the time. They are now trading at 131p, and are still cheap given the forecast doubling of profits. Gold could have another rally soon, and I only have PAF:Pan African Resources left in my gold mine portfolio. Very tempted to take the plunge, but what to sell? IQE are also climbing steadily and I still believe can double based on current profits, but with so many developments in the pipeline, I want more of these.

I have a cunning plan - and may put it into practice tomorrow...

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