Talvivaar's place in my portfolio is starting to look very shaky and I may have to consider taking a loss on the company. The latest from Stock Wire is this -
Talvivaara Mining schedules FY results
StockMarketWire.com - Talvivaara Mining Co will announce its financial results for the fourth quarter and full year on 14 February.
At 2:06pm: [LON:TALV] share price was -2.12p at 87.88p
I think it may be wise to wait until then with our stop guarantee in place. I took this at 115.25 but since then the company has been plagued with problems ranging from production issues and toxic leaks. A proportion of the workforce have been temporarily laid off until the summer as production has been halted.
Talvivaar currently stands at 86.74 with a stop of 76. If it hits 76 then it will see a loss of almost £40.
Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Friday, 8 February 2013
Wednesday, 6 February 2013
Spread betting - Eurasian and Aberdeen Asset gains
Eurasian Natural Resources stole the show today with a superb increase of 9.12% on its share value. That's my second best tip so far yielding £71 profit. Aberdeen Asset is looking like it may go another mini charge finishing the day on almost £150 profit. Elementis has also maintained its level which is a half decent result as it threatened to lose more money as the weeks went by, so at least it has stabilised.
Paragon Group of Cos is also starting to take some shape up almost £20. The main worry is once again Talvivaar. No movement, but ultimately losing me £27. The FTSE was up 12 points on the trading day with my spreads a fraction off £200 profit.
Monday, 4 February 2013
Pit blaming Huhne as portfolio takes hit and FTSE slides 100 points
Our 'Beat The Bank' portfolio took a huge hit today as the FTSE fell 100 points after the highs of last week. But whilst the overall picture is bad news for today, there were one or two rays of light. But let's stick with the bad at the moment. Here's a snapshot -
Amongst the losers the pick has to be Aberdeen Asset Management who lost 5.22 points which equates to £10. Their latest profit in Pit's portfolio is now +127, whereas two weeks ago it had climbed to +160. And the other bad news story is that Talvivaar is continuing to leak points. They have had to postpone production and temporarily put workers on hold due to circumstances and this is obviously hitting investors faith. This share alone is losing me around £30.
Vodafone was introduced last week and so it is way too early to be judging that, but there is some good news in Elementis who is now only losing us £15. Mytrah as well has seen a gain of 5 pts today and are now trading at only -£12, one of only three companies in the portfolio who I've issued £2pp (per point).
So the overall picture is +£118.26 at this point. Now, after some declines last week and a terrible day today, I'd expect the FTSE to start rebuilding its position toward the latter part of the week. Aberdeen Asset Management, which has been our golden goose, could be the one to spur us upwards. And Pit has been very encouraged at the Elementis gains and particularly Mytrah who have underperformed for ages. A huge concern is Talvivaar who may hit a stop point sometime soon.
Amongst the losers the pick has to be Aberdeen Asset Management who lost 5.22 points which equates to £10. Their latest profit in Pit's portfolio is now +127, whereas two weeks ago it had climbed to +160. And the other bad news story is that Talvivaar is continuing to leak points. They have had to postpone production and temporarily put workers on hold due to circumstances and this is obviously hitting investors faith. This share alone is losing me around £30.
Vodafone was introduced last week and so it is way too early to be judging that, but there is some good news in Elementis who is now only losing us £15. Mytrah as well has seen a gain of 5 pts today and are now trading at only -£12, one of only three companies in the portfolio who I've issued £2pp (per point).
So the overall picture is +£118.26 at this point. Now, after some declines last week and a terrible day today, I'd expect the FTSE to start rebuilding its position toward the latter part of the week. Aberdeen Asset Management, which has been our golden goose, could be the one to spur us upwards. And Pit has been very encouraged at the Elementis gains and particularly Mytrah who have underperformed for ages. A huge concern is Talvivaar who may hit a stop point sometime soon.
Tuesday, 29 January 2013
Friday, 25 January 2013
Tuesday, 22 January 2013
Finance - Ocado
Ocado
Retail and Consumer
Palpatine's Pit has added Ocado to its portfolio. Sir Stuart Rose has taken over as Chairman which has boosted the share price. Pit took Ocado at 103.88 and at 2pp with a safety net of 80. The share price was 134 in March of last year and whilst the share price has dipped to as low as 56p in November, some excellent Christmas figures show that there is still some life in the business yet. A massive slump through July and August last year seen the price fall considerable, but having seen out the problems leading into the new year, Rose's introduction may be just the tonic for another rapid boost. The next couple of weeks will be crucial in deciding whether to take a long term punt or whether Pit just tested the water.
Retail and Consumer
Palpatine's Pit has added Ocado to its portfolio. Sir Stuart Rose has taken over as Chairman which has boosted the share price. Pit took Ocado at 103.88 and at 2pp with a safety net of 80. The share price was 134 in March of last year and whilst the share price has dipped to as low as 56p in November, some excellent Christmas figures show that there is still some life in the business yet. A massive slump through July and August last year seen the price fall considerable, but having seen out the problems leading into the new year, Rose's introduction may be just the tonic for another rapid boost. The next couple of weeks will be crucial in deciding whether to take a long term punt or whether Pit just tested the water.
Monday, 21 January 2013
Finance
Internetq
ITE Group and Interserve look for the fall
James Halstead watch
Jupiter Fund Management watch
Kofax could be steady earner
Lamprell
Macau Property
Meggitt PLC
Northgate
British Land
Aviva
Prudential
Northgate
British Land
Aviva
Prudential
Friday, 18 January 2013
Finance - Paragon Group of Companies
Paragon Group of Companies
Specialist buy to let mortgage lender
Buy - 1pp @ 270
The portfolio reached +£130 so it was time to have another look what's on offer. Two companies which caught the eye were Chemring and Amerisur Resources. Chemring however was given at a stop of 51 pts away which was incredibly high. Amerisur is a nice bet, and would have shown steady if unspectacular growth at perhaps 2pp or 3pp.
In the end I went for something a little more bullish and a little more risqué. I missed the boat on today's jump of 11 pts which is a little saddening as I first bookmarked this two weeks ago. It is hovering in and around the year high which may put many off as profit takers may seek to pounce. However, I believe this can go through to 340 by September. So Paragon is in.
Thursday, 17 January 2013
Screw the banks - Spread bet update
Okay, so in October 2012 I started my little spread bet challenge to beat the markets. My tool of use is IGIndex. Here's the summary in January.
My initial investments were Aberdeen Asset Management, Centrica, Hammerson and Unite Group. Of those, only Centrica is showing a loss of £0.89. This is based on a 1pp. Latterly I have added Elementis, Eurasian Natural Resources, Laird, Mytrah, Resolution and Talvivaar.
Here's the current picture.
The star performer is no doubt Aberdeen Asset Management. This runs until June 2013 with an opening price of 337.326. I was confident at the time and so issued a 2pp (£2 per point, loss or profit) buy bet. It currently stands as gaining me almost £100 profit. The other highlight for me has been Eurasian Natural Resources. A September finish and it's up 40 points from the start price of 303.
The ones I have to keep an eye on are Mytrah which have been disappointing and Talvivaar Mining. These are showing a combined loss of around £40.
The market has taken a little hit over the last day or so, and at one point my portfolio was trading at +£140. When my profit starts to get close to that again, it will time for another look as to introducing another one or two into the mix. Remember, I'm trying to beat the banks.
My initial investments were Aberdeen Asset Management, Centrica, Hammerson and Unite Group. Of those, only Centrica is showing a loss of £0.89. This is based on a 1pp. Latterly I have added Elementis, Eurasian Natural Resources, Laird, Mytrah, Resolution and Talvivaar.
Here's the current picture.
The star performer is no doubt Aberdeen Asset Management. This runs until June 2013 with an opening price of 337.326. I was confident at the time and so issued a 2pp (£2 per point, loss or profit) buy bet. It currently stands as gaining me almost £100 profit. The other highlight for me has been Eurasian Natural Resources. A September finish and it's up 40 points from the start price of 303.
The ones I have to keep an eye on are Mytrah which have been disappointing and Talvivaar Mining. These are showing a combined loss of around £40.
The market has taken a little hit over the last day or so, and at one point my portfolio was trading at +£140. When my profit starts to get close to that again, it will time for another look as to introducing another one or two into the mix. Remember, I'm trying to beat the banks.
Saturday, 5 January 2013
Banks in line to teach in UK schools
This is an article by Elaine Moore. In it she highlights the plans for BANKS....YES that's right BANKS...to come into our children's schools and teach THEM how to be RESPONSIBLE with finance!!! Are you fucking kidding me?!?
These will be the same corrupt, contemptible people with flashy suits and easy smiles that have dragged this country full into recession for many years to come. With New Labour's helping hand, these bankers have played the game with their own rules handing misery on a plate to us, the population, who now have to bail them out of the shit with austerity and cut backs.
This is systemic of the machine in full operation controlling and dictating and keeping us in fear. It is staggering, that after all the chaos that they brought into the economy and created a global mess that they have the audacity and gall to then lecture US and OUR CHILDREN about financial responsibility.
It's a disgrace.
It's also a disgrace that MPs are backing this outrageous plan, who, as we all know, are all in bed together systemically stirring the witches pot.
By Elaine Moore
These will be the same corrupt, contemptible people with flashy suits and easy smiles that have dragged this country full into recession for many years to come. With New Labour's helping hand, these bankers have played the game with their own rules handing misery on a plate to us, the population, who now have to bail them out of the shit with austerity and cut backs.
This is systemic of the machine in full operation controlling and dictating and keeping us in fear. It is staggering, that after all the chaos that they brought into the economy and created a global mess that they have the audacity and gall to then lecture US and OUR CHILDREN about financial responsibility.
It's a disgrace.
It's also a disgrace that MPs are backing this outrageous plan, who, as we all know, are all in bed together systemically stirring the witches pot.
By Elaine Moore
High street banks responsible for some of the worst consumer mis-selling scandals of the past decade will be invited into British schools to help teach financial education under proposed changes to the national curriculum.
Banks including Lloyds, Royal Bank of Scotland and Barclays would be considered for a list of financial service firms permitted to use branded material when making classroom presentations in English primary and secondary schools from September 2014.
More
ON THIS STORY
- Editorial A valuable lesson
- Calls grow for compulsory finance lessons
- Banks’ move points to lucrative opening
- In depth UK banks
- Serious Money Don’t patronise us, teach us
ON THIS TOPIC
- Primary schools display rise in performance
- Schools to be rewarded for technical skills
- Colleges to open doors to school pupils
- Regulator urges rethink of GCSE reforms
IN UK POLITICS & POLICY
The plans are part of a campaign by more than 200 MPs to make financial education compulsory by embedding it into core subjects such as maths. “Teachers have to be trained to certain level but there should also be a database of organisations willing to go into schools,” said Conservative MP Justin Tomlinson, who chairs the All-Party Parliamentary Group on Financial Education for Young People – the largest all party group in parliament with 225 members.
Teaching unions and campaigners said schools would need to make sure companies did not treat their time in the classroom as a marketing exercise. “Heads and teachers should always be cautious about developing links with commercial organisations,” said Christine Blower, general secretary of the NUT, the largest teachers’ union. “Children and young people should not be exposed at an impressionable age to companies seeking to gain a foothold in their school.”
A number of banks have already provided staff time and teaching materials to thousands of schools on an informal basis, and insist such programmes have no commercial element. Between 2007 and 2011, HSBC funded a £3.4m programme for 20,000 primary school pupils called “What Money Means”.
Staff from Royal Bank of Scotland and NatWest have also delivered lessons to pupils in approximately 1,200 secondary schools over the last 18 years via the bank’s MoneySense for Schools programme, while a “Santander in Schools” programme arranges for staff volunteers to visit secondary schools to talk about the role of banks.
“We recognise that teaching young people requires specialist materials and delivery, so we work in partnership with charities and schools to deliver workshops for secondary school students designed by education experts,” said a Santander spokesman.
Barclays’ Money Skills programme, aimed at 16- to 25-year-olds, provides education sessions in schools if requested by teachers. “This is about helping people with basic skills such as understanding interest rates and budgeting,” said a Barclays spokesman. “All of the education materials are independently verified as fit for purpose, and make no reference to Barclays products or services.”
According to the Department for Education, there are no rules that prohibit corporate involvement in teaching and brand names can be displayed in material used in lessons.
The Personal Finance Education Group, a financial education charity that has worked with many large banks to provide resources for schools, said that its policy of independence meant that none of its education materials promoted financial products, but allowed brand names to be displayed.
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