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Warning, this portfolio is higher risk, although will
operate with stringent stop losses. Note also the
smaller value of trades i.e. $5000 verses $10-15000 in
Diversified portfolio. With a portfolio like this there
is always the danger of overtrading, so will put a limit
of ten trades a year in place.
Portfolio to date
20% CER
86000 @
.05 5000
20% KSO
22700 @
.22 5000
20% NZF
4300 @
1.15 5000
40% Cash
10000
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Total
25000
NZF- This month I would like to add 4300 New Zealand
Finance @ $1.15. NZF is a well managed finance company
that has been heavily sold off over the last 4-6 weeks
and is capable of bouncing back fairly quickly once/if
the seller disappears.
CER Group announced the appointment of Mr Robin Levison
to the board, To quote “He brings a significant track
record of success to the Group, including his role as
Managing Director at Australian Stock Exchange listed
Industrea Ltd (IDL). During Mr Levison's two and a
half year tenure at Industrea, the company has completed
four (earnings per share positive) acquisitions,
delivered shareholders a 75 fold increase in market
capitalisation, 20 times increase in share price and
full year profit guidance of $14.9m NPBT compared with
previously reported losses totaling $16.7m. In
recognition of this growth, Industrea was named in the
BRW "Top 100 Fastest Growing Companies" in
Australia, a performance that has led to Ord Minnett
describing the results as "a remarkable
turnaround", while twice upgrading its stock
rating.”
KSO – The King Solomon Mines float looks to have bee
well received, to quote Mr. John Quinn, the Company's
Chairman, stated that "The Board is very pleased by
the enthusiastic response from investors to the capital
raising. The Company is now finalizing plans for the
recommencement of field activities in Inner Mongolia and
to acquire additional opportunities in this highly
prospective but under-explored region. It is anticipated
that drilling of existing prospects will get underway in
this quarter, with initial assay results being reported
in the September Quarterly Report."
As an aside, It has been interesting to watch the lack
of press coverage on PLS which is making good progress
in growing business in South America. PLS has made
several purchases over the past six months, will be
worth a look if Gary Donaghue issue can be resolved.
MidCap Portfolio……….started with $50000 on 3.01.07
Midcap stocks looking for growth over a range of
sectors, stocks should have earnings rather than
promise. Will hold while trend intact. Trade three times
a year. Medium to higher risk.
20% TTK
2500 2.50
10000 2.65
20% PVO 9000
1.07 10000
0.99
20% ABA
2500 2.49
10000 2.95
20% NZF
8700 1.15
10000 1.15
20% Cash
20000
This month I have added a holding of New Zealand Finance
Ltd shares to the portfolio at $1.15. NZF is managed by
John Callaghan who had previously had 14 years in the
banking industry with the BNZ and ASB banks.
Since listing in 2004 NZF has grown by way of internal
growth and acquisition
- Feb 2005
Hulich family becomes a cornerstone shareholder
- Feb 2005
purchases Approved Mortgage Brokers, comprising 11
franchises
- Aug 2005
purchases residential division of Property Pack
- Nov 2005
enters into a 50/50 jv with Liberty Finance in ownership
of Mike Pero Mortgages.
- Jun 2006
purchases/finances a 51% holding in Finance Direct.
Look for New Zealand Finance to continue to outperform
over the next three to five years.
PVO has not performed as well as hoped , however this is
not a trading portfolio and feel comfortable being on
the same side as the Todd Family.
ABA is performing well, look for more acquisitions.
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