Optibiotix is in profit!

From zero to hero, OPTI:Optibiotix has gone from Nemesis Share to profit in just a few weeks.

It was only in my week 81 review that I was scratching my head at why I was losing £1,400 on this share, and bought yet more at 68.6p to take Optibiotix to 18.1% of my portfolio.

At last the bid price has hit 78p and the combined holdings in my share account, ISA and SIPP are now £126.17 in profit. Phew!

Every penny this goes up is now worth £141.47, so I'll be doing a jig of joy if it fast-tracks to 100p a share. The relentless news flow that should come forth now the deals done over the past 18 months start to bear fruit could easily trigger that rise.

Today was mostly a blue day, with the combined portfolios up £282, but there have been some declines.

Most worrying was AFG:Aquatic Food, which issued a trading statement. It stated revenues were down on last year, but there is still an £11m profit. Given the economic situation in China that's not at all bad.

However, the share price declined by 13% despite there being only 3 trades. In fact, the price dropped before any of those trades were made. 8,267 were bought and 9,700 sold. That's hardly any difference, so why a 13% drop? There's also a crazy 33% spread on this share.

There are still many convinced this company is a fraud. I'm not convinced. It's easy to jump on the "all Chinese AIM companies are frauds" bandwagon, but they have a highly respected CFO and international distribution contracts, and pay a reasonable dividend. They have £44m cash but that's because they didn't spend any of their original IPO which was earmarked for a new production facility, as the economic downturn meant that increased production capacity wasn't required - yet.

I am too scared to top up. They may de-list, and I wish I had enough cash to follow the courage of my convictions, as in a few years if this company turns out to be for real, the fact it's on a P/E ratio of 1 means a massive re-rate is possible. I don't intend to top up. The most I can lose is the £2,000 I invested. If things go well that could become £20,000, if not then I'll have learned a lesson the hard way. if I sell out now I get £919 I could put into IQE:IQE or CWR:Ceres Power, which I want to top up, but I can't bring myself to lose £1,100 when there might be nothing to worry about.

Meanwhile JLP:Jubilee Platinum dropped again which cost a lot. Why this can't hold on to a rise I just don't know, but as each day goes by, surely news of Hernic platinum production gets closer.

Finals for IQE:IQE and VEC:Vectura tomorrow. Both have been on a steady rise up to results. Often that leads to a big drop when the results meet expectations. I'm rather hoping they exceed expectations. If IQE drop I will be happy as it will be a topping up opportunity. If Vectura drop I will be sad, as I want to sell them!