Highlights from my portfolio: Thought you'd be interested to learn
Not a great couple of days with a lot of things drifting but with no major moves.
African Eagle Resources (LON:AFE) strormed up after I bought, so far so good.
Andor Technology (LON:AND) was also bought on Monday but was missed from my summary. Looking good today. Good results produced a fall, which I took advantage of. I have been a holder in the past but stupidly took profits.
Avanti Communications Group Plc (LON:AVN) is being hit by profit taking but the contracts are coming in and I am happy to hold.
Elektron (LON:EKT) profits were taken today. I may buy back on a strong pullback.
Medusa Mining (LON:MML) was sold again yesterday at 418. I don't like holding shares where there are rumours circulating. I will now stay out. In once sense I'm gutted but having held from 77-418, there really isn't that much to be gutted about.
National Grid (LON:NG.) remains weaker, having suffered a nasty bout of roundnumberitis (it got to £6 and retreated). It's a defensive play, so for now I will hold against a chart that is screaming at me to sell!
Monitise Plc (LON:MONI) was sold. I have always felt it was overvalued but have stuck with it. I was at break-even and try never to let a profit turn into a loss. I should add that every time I sell it goes up!
RUG (TSX) fell back yesterday, it's gone a long way very fast so a pullback is not a bad thing.
Syndicate Asset Management (LON:SAM) came out with results; they were good but I wasn't convinced they were great so I took a small but perfectly formed profit.
Buy Avanti Communications (AVN) at 719.5p
Argues Tom Winnifrith of t1ps.com
Avanti (AVN) was originally tipped on t1ps.com back in August 2004 at 117p. Since then the shares have soared by over 500%! But despite such large gains already, Tom believes that, with its first satellite now successfully launched and some significant contract wins recently, the shares have much further to go.
daily round up (09/12/10)
Fangorn
That was an impressive call buying at 164.
It's not the type of company I traditionally look at I have to say.
More fool me.
Bur good luck on further success here.
Susan Marmor
I was an investor in Avanti ScreenMedia (went bust), so was aware of the satellite business when it split away. I bought in Aug 2008, just as it started to move up, and then it did nothing until it took off in 2009. The technology is compelling. Why, I ask, would you spend money on infrastructure NOW if there satellite is up there that works? It was a race against time, which very nearly wasn't won...now we have to see whether it works in practice. We wait.
Fangorn - thanks, saw that in the free email. He concludes:
"Following the successful launch of HYLAS 1 and a series of recent contract wins, Avanti looks to be in a strong position and there is now nothing speculative about buying the shares. They have inevitably shot up since the launch as those too nervous to buy in advance have now started buying, but with HYLAS 2 on track, fully-financed and already generating significant interest, I believe the shares still offer great value. At up to 800p with a target price of 2,000p, my stance remains BUY."
I have held broadly (not all the way up) from 164.