Closed the last thread as it was getting top heavy and cluttered. Brought out the new thread showing carry over of stocks held from year 2003 and ones I will following this year with interest.

Please remember I am by norm a long term value investor ( and invest in tranches ) but now and again may pick some trading stocks which need to be purchased on the same day I invest in them, or the opportunity to profit may be lost. Notice will be given.

Always please DYOR and remember you are always responsible for your buying and selling timing, and actions. I do own other stocks but I have not covered them on this board and therefore dont feel its right to list them here unless I do a reco on them.

Heres the list.

Telecolm Plus Results recently were excelent and the company is just growing and growing. Next target FTSE 250.

Bema Gold A little gem of a gold miner and has surged on the back of the increasing POG, should be a very long term banker.

Caldwell Investments Nothing Spectacular here but still up on buy price. If its good enough for Jim Slater and Evil Knievil, its good enough for me.

African Eagle A play on the ever increasing POG, but this time an explorer, and hopefully good news out very soon.

Just Car Clinics A long term hold that has fought back in the market just recently. Trading was a tad dissapointing late summer, but there are whispers about everything is back on track.

Bioprogress Hoping this one is going to be a long term Bio hold and has some big names like Mike Walters tipping it. A new contract win is imminent.

Zoo Digital Another long term hold which is likely to make its maiden profit in the very near future. I see this as a take out or take over candidate based on its, DVD Extra Technology.

Healthcare Enterprise Group A small company with a big future. As acquires a couple of very well know companys in the Health Care Business and has some very big backers.

Datacash One of the World Leaders in its software security field for online payment processing, also now branching out into other areas of security for credit cards and store cards.

Pipex Communications Fantastic and proven management team have acquired the bit parts to put together a Telecolms network of the highest order. Another long term hold.

I D Data A play on the new security chip credit cards and store cards. Awaiting big orders from Banks from all over the Globe.

NEW BUYS

T T Electronics A recovery play on the world car manufacturing and mobile phone industries.

Armour Group, a company that again is in the in car entertainment market and sells all the leads and plugs that are needed for the electronics to work. Also has an in house, audio electronics division.

Service Powerthe recognised market leader in artificial intelligence based field service scheduling applications.

Patient Line Market-leading pioneer of bedside communication and entertainment services within the NHS healthcare sector. Offer a comprehensive solution partnering Trusts in delivering digital TV, telephone, free 24hr radio, internet, email and information services direct to bedside.

Scott Tod Straight swap with Cardpoint, basicaly in the same business, but this has further growth, much further growth left in it.

Mediwatch Exciting little Bio/health care company ready to break into the US market.

Imagination Technologies Silicoln chip maker. Rumoured to be the "New ARM"

Sanctuary Group Music company with divisions in Concerts, artists and Media.

2 Ergo Mobile communications company with cutting edge technology across all platforms.

CMS Webview Commodity software and Exchange software developer and servicer.

Zincox A play on the growing infrastructure of the newest industrial economy in the World China.

Anglo Pacific A coal miner who again I have invested in because of rising prices and incresed demand from China for coking coal and other metals.

London @ Associates Properties A fast rising NAV well above the stock price attracted me to this one, investing in large shopping centres.



SELLS

Top sliced Cardpoint 21/1/2004
also TT electronics and Datacash.

Top sliced ZOO 19/2/2004

Top sliced Zoo and JCR 29/02/2004

Top sliced JCR and ZOO plus some of my earlier stock
in BPRG at 50p and 60p. Wc March 1st

Top sliced Bema, Caldwell, JCR Zoo and Armour week ending, 12/03/2003.

Top sliced ID DATA, Telspec, Patient line, ZOO, Bema, JCR, Caldwell, Service power, on 28th and 29th of March.

Incite Holdings, sold 09/01/2004

Cardpoint, sold 30/01/2004

Centurion Electronics sold 12/2/2004

Avocett Miningsold 2/03/2004

Telspec sold after a few days of profit taking on 31/3/2004




I will be adding new recommendations to this list throughout the year, and at the moment I feel its a stock pickers market and one where value stocks with sound balance sheets will outperform. I cant really see that we will get the momentum opportunities we got in the last year from april to August and therefore as usual PATIENCE will be required.

Please feel free to make comments on the above list adding your thoughts and I wish everyone a prosperous year on the markets.

Regards Goldfinger.

Me too gallick cheers. Glad you didnt get burnt on BPRG.

many thanks gf.

guys,

picked this up over the road, and doesn't augur well, IF it's true of course, and it may well be!
-------------------------------------------------

KABUL (AFX) - Al-Qaeda leaders Osama bin Laden and Ayman Al-Zawahiri are
safe and "on this side of the border", an Afghanistan-based Taliban spokesman
said.

Speaking by satellite phone from southern Afghanistan, Abdul Samad dismissed
speculation by Pakistani officials that Al-Zawahiri could be surrounded in the
Pakistan border region, saying he was "100 per cent" sure the Al-Qaeda number
two was safe.

"All these reports about Ayman Al-Zawahiri being surrounded in Pakistan are
not true, they are just propaganda by the US coalition and by the Pakistani army to weaken Taliban morale," he said.

"They are all safe and they are on this side of the border," Samad said of
the top Al-Qaeda leadership.
wm/mfc/bc/jah/jlw

Pity.

gf.

GF now out of CDW any ideas hoping to make some profits on IEN next week
with results due 23/3 just bought some more I'm hoping for 15p next week

Opened a new position in a mobile phone content provider 2 ERGO RGO.

Raking in revenues of 750k per month and is very profitable. Expanding into the US.

Came through the dot com boom unscathed.

Has unique features on its platform that make it stand out from the crowd, micro payments over the waves and also a system which is live that gives on revenues generated from clients. Also as all the usual services eg, ring tones text messages, games etc.

Looking to become the market leader.

cheers GF.

ps, full write up to come.

COMPANIES UK: Cash cows with customers that demand instant money
By David Blackwell
Financial Times; Mar 22, 2004

The mercurial and impecunious Mr Micawber advised young David Copperfield to avoid overspending. "Annual income 20, annual expenditure 19 19/6d, result happiness. Annual income 20, annual expenditure 20 0/6d, result misery."
However, the rising level of consumer debt suggests that the warnings embodied by Dickens in the character of Mr Micawber are fading from the national consciousness. It is easy enough to imagine Mr Micawber blithely ignoring his own advice and heading for the nearest cash machine.

The convenience of the ATM, or automated teller machine, cannot be denied. It is harder to explain the willingness of consumers to pay 1.50 to obtain 40 in crisp notes, especially when the banks came under fire a few years ago for daring to charge customers using machines in branches to get at their own money.

But the market has changed - and instant cash is particularly attractive to young males. Customers are queuing up to be charged for the privilege, and the companies that supply the ATMs are queuing up to join Aim.

Moneybox last week became the latest, demerging from Ambient and raising 21.8m. With a market capitalisation just over 100m, it is the biggest of three ATM companies on the junior market.

The others are Scott Tod and Cardpoint. Scott Tod, which reversed into an Aim cash shell in December, said last month it was expecting to double its business in the second half. Cardpoint floated on Aim less than two years ago with 188 machines - it now has more than 2,000 and last week moved into the German market.

The market they are attacking, which is also served by several private companies, is growing rapidly. According to the Association of Payment and Clearing Systems (Apacs) more than half the cash in circulation in the UK was taken from ATMs in 2002.

Fewer workers are being paid in cash, and people prefer using machines to cashing cheques or waiting at bank counters. Even state benefits are increasingly paid into bank accounts. Apacs is forecasting that by 2012, 74 per cent of the UK's cash will be delivered by machines.

Moneybox, which last year added 1,000 machines, taking its total to 2,471, is aiming for sites with a high footfall, including retail centres, entertainment complexes, leisure centres and transport halts such as stations and motorway services. It claims to have a 16 per cent share of the UK's total of almost 50,000 ATMs, giving it a 26 per cent share of the transactions.

Most of its revenues come from the fees generated every time a customer takes cash from a machine. But in addition Moneybox runs ATMs for other financial services companies, including Bradford & Bingley. It has also used some of the proceeds from the float to buy G2, the payment purchasing business that converts cash on to vending cards for use in offices and other closed environments.

Moneybox made an operating profit on its UK operations of 2m on turnover of 27.6m in the 11 months to December 31. But that was more than offset by losses on its operations in Germany and the Netherlands, where it has 178 and 165 machines respectively.

Cardpoint has also turned to Germany for growth. It expects the German market, which has a different pricing structure, to have more potential than the UK.

It will take some doing to move as quickly as it has in the UK. The shares were 43p on flotation in June 2002 and declined as the company made its first acquisition. But after a placing and open offer at 53p for the second acquisition last May, the shares accelerated.

The company broke even for the year to September, and profits of 2.4m are forecast this year as sales rise from 12.2m to 32m. News of a two-year contract with Thresher, the drinks retailer, was followed in January by a five-year deal with Welcome Break, the UK service station operator. The market capitalisation has jumped from 8m to 43m.

Shares in Scott Tod were 25p when the company raised 2.5m at the time of the reverse. Since then they have risen to 54p, reflecting the effect of moving what was an obscure private company in South Wales into the limelight of a listing.

The company has won a contract to supply its automated teller machines to Mitchells & Butlers, which has 1,600 pubs.

It also won a deal to install 500 ATMs at another large pub chain through a joint venture with Leisure Link Electronic Entertainment, a private company that supplies gaming machines to the UK pub industry. Its machines can also be found in Young's, Fullers, Barracuda and Luminar outlets.

At the moment there is plenty of room for expansion as independent ATMs increase their share of the market, which is still tiny compared with the use of the machines provided by banks and building societies.

And as the number of prime sites starts to dwindle, the listed companies are in pole position to consolidate the industry if - as Mr Micawber liked to say - anything turns up.

cheers GF.

Nice one gf but a little short (no pun intended) on where the smart money is going. I know you are hot on Scot Tod but perhaps we should be hot on the whole sector before saturation arrives (or as Jim Morrison said... before the whole shithouse goes up in flames).

I know you sold out of cashpoint, and the whole area is starting to get a little crowded with moneybox just arrived, but maybe the whole area needs milking perhaps for another 3 to 6 months!? What's your call gf (I promise I won't come looking for you)!!??

Regards
gk

I gallick, Im convinced these markets are for stock pickers rather than sector pickers. Please see my point on the SCD thread.

cheers GF.

ps in general, by the way its best to stay in bed on days like today and yesterday. You just cant beat the market and plenty of people have e-mailed me and asked "should I sell" the answer there as to be no if you still beleive in the original reason why you bought the company in the first place.

I still havent sold one stock over the last 2 weeks, in Bull markets and Bear markets you do get corrections. At the moment yes it is a geopolitical spike down, but I feel things will get better.

Ive taken the opportunity to go out fishing over the last 2 days and beleive me it blows the cobwebs away. Think it will be similar in the morning.

Sometimes it pays to take a break away from the markets and just forget about them as long as you have stop losses in place. They can be bad for your health and thats the truth.

Good luck to everyone.

cheers GF.

Well everything up today for me although only small increases.

Bring on the new reporting season in the US I say and lets get back to business rather than boring politics.

cheers Gf.

Heres an interesting article from one of the more respected Fund managers.

We're in a bull phase, says Buxton

Published: 13:49 Thr 25 March 2004

By Laurence Fletcher, Funds Correspondent
Email to a friend


Schroder's star fund manager Richard Buxton argues the stockmarket is still in a bull phase, and warns it is far too early to be thinking about getting defensive.

Buxton, who runs the 420 million Schroder UK Alpha Plus fund, remains positive on earnings prospects, even though the FTSE 100 has this month dropped from more than 4,550 to just over 4,350.


Speaking before today's rally which looks set to end a three-day losing streak in the index, Buxton told Citywire: 'I'm very relaxed about what has happened. The last 12 months have been technically unusual in having only two negative months in the market. It was feeling a bit tired and we were approaching a newsflow vacuum. Whether we drift a bit lower over the coming weeks, I wouldn't be surprised.


He added: 'It's far too early to be getting more wholesale defensive and nervous. Lots of people are moving much more defensive. [But] we're very early in the corporate profits upswing. Inevitably analysts will lag in the degree to which profits are improving.'


However, whilst Buxton believes we are currently in a 'bull phase', he would not term this a full-scale bull market.


He said: 'We're in a decade of very, very modest returns. It will comprise lots of bull and bear phases. We're still in a bull phase, although it's not an out and out 80's or 90's bull market.'


Buxton has in recent months allowed cash to build up in his fund, but very recently he has gone back into the market.


He said: 'It's the right time - we're using this kind of correction to put money in.'


Buxton has recently added to his holding in Abbey (ANL), which he says is a 'very unique situation'; and, following the pullback of the past month, United Business Media (UBM) and mining stocks.

Elsewhere, he has added to his position in engineer Cookson (CKSN), and bought into aerospace group Smiths (SMIN). However, he has sold out of BG (BG.) and Imperial Tobacco (IMT).


Since launch in the summer of 2002 the Schroder UK Alpha Plus fund has risen 37.3%. The FTSE 100 has grown just 4.5%, whilst the average fund in the UK All Companies sector has delivered 4.9% over that period.


cheers GF,

Well a big riser first one in 11 working days, Mediwatch now up nearlly 23% and still rising. Just cant find why. Anyone have ant clue????????.

cheers GF.

Hi goldfinger,

Thanks for very interesting article written by Robert Fletcher.
However,do you not think the overriding situation is terrorism?I think the U.K.
will suffer a major terrorist attack on a soft target within the next couple
of months.This is one of the main reasons my FTSE target is very low as I
believe the financial markets will be effected in a very negative way.

Any opinions ?
rgds aj

It is possible ajren that the world in the years to come gets so used to these terror attacks that the indicies wont be affected, that is what really worries me.

cheers Gf.

You could be right.Chilling thought.You know I live in Spain.Every night Spanish
t.v.shows very graphic pictures of Madrid and interviews a victims family member.This brings home the human element and makes everything especially sad.
rgds aj

Still holding all my Datacash and Armour, love the rollout potential of Datacash and think the institutions still very keen on Armour Group.

Tend to agree there hawick. Datacash in paticular is a world leader in its field.

cheers GF.

Opened two new postions today on the back of the economic boom in China and resurging Japanese economy. Was afraid that China was overheating and that inflation might kick in but two reports this weekend one in the FT have set my mind at rest.
The first is Zincox ZOX, and the second is a coal miner who export to this part of the world the coking coal they require for the building of the infrastructure, Anglo Pacific,APF. Coal prices are going up around the world (the new black gold)and this weekend I have carried out a search of all the coal miners here.

Uk Coal looked good on the exterior until I had found out that all its coal as been sold for this year and half of next year at yes you guessed a lower fixed price already agreed it does however have a lot of property ant that alone with NAV is just below the market price. BHP Billiton looks to be really booming but the market cap put me off and Bisichi is too small an operator and mines in South Africa.

Heres an excelent broker note albeit a month old thats certainly worth reading. Interesting point about nickel, in short supply for 2 years. Guess whats floating on wednesday and is near to bringing the stuff out of the ground on a commercial basis.

http://www.minesite.com/archives/brokers_archive/2004/feb-2004/paterson260204.htm

cheers GF

Brokers note from above opened out.

cheers GF.

Brokers Crumbs

Date: February 26, 2004



Aussie Broker Patersons Produces Some Interesting Recommendations In Its Latest Resources Review.

A most interesting tome has just dropped on Minews’ desk from Patersons in Australia. It is the brokers’ Resources Review dated February 2004 so is bang up to date. Even so metal prices are moving around so fast that it is difficult to produce a 113 page booklet which is right on the button. In general terms, however, Patersons see nickel and gold as early industrial production cycle plays; copper , lead and other precious metals apart from gold are mid-cycle commodities; and zinc and alumiunium are late cycle participants. Copper, lead, silver and platinum have certainly been on the move, but the brokers think they may have further to go and are definite bulls of zinc.

Patersons’ analysts envisage substantial upside in the zinc price and point to new galvanising lines which are being commissioned in China as industrial production continues to gather pace. They admit that official inventories are still pretty high at around 700,000 tonnes, but expect a rapid drawdown of this due to the lack of intermediate products. Such a view is very much in line with that of Andrew Woollett, managing director of AIM listed ZincOx who reckons that the price will really take off once inventories fall below 630,000 tonnes, but the present price of US$1250/tonne is well ahead of the US$745/tonne of a year ago. Lead has also performed well and this is seen as an added positive for zinc producers as it is frequently a by-product credit.

The list of preferred zinc stocks includes Perilya, with its strong balance sheet and undervalued exploration and project development portfolio, and CBH Resources which used to be known as Consolidated Broken Hill. Patersons duly admit to being lead manager to Perilya’s placement back in July 2002 which raised A$10 million for the company and see it as an asset rich company currently underpinned by the Broken Hill lead-zinc mine. Net cash and liquids amount to A$22.7 million and it has a suite of projects which include the Daisy Milano gold mine. The operational performance at Broken Hill was below par in the December quarter and the current quarter has been hit by a haulage shaft blockage, but the mine is expected to contribute a stormer from now on as productivity initiatives are bedded down.

CBH is given credit for bedding down the acquisition of the Endeavor lead zinc mine very quickly and efficiently. The timing was exactly right in terms of the lead and zinc prices though these were partially offset by the strong Aussie dollar. The brokers anticipate operating cost reductions from the introduction of road train haulage and further treatment plant debottlenecking. This should deliver substantial earnings upside provided the company does not run into any operational challenges. The team of James Wall and Bob Besley, as executive chairman and managing director respectively, have overcome some big hurdles with this company already so they deserve a good run. Other factors which should work in favour of the company are the metal prices, further drilling results from the Broken Hill Rasp project and signing up new customers for its Newcastle shiploader.

Possibly one of the most interesting recommendations is a company called Minara Resources which may not ring a bell with many UK investors. Remember Anaconda Nickel and the Murrin Murrin nickel laterite project which never seemed to work properly? Minara is Anaconda reborn and to crown it Dr James Campbell, who was Anglo American’s base metal boss at the time and in frequent conflict with Twiggy Forrest, is chairman. Now Murrin Murrin works and Patersons are expecting it to achieve annual production of 40,000 tonnes of nickel. Thanks to nickel and cobalt prices the company became cash positive in the December quarter and the company is now debt free. Moreover if there is a positive outcome from the Fluor Daniel arbitration in April the company could have as much as A$200 million in the kitty in nine months time which would enable it to pay an initial dividend.

Last of the Paterson mining recommendations is Straits Resources which is due to become a diversified mining house by adding gold and copper to its existing coal business. Sebuku Coal in Indonesia has returned to profitability following the replacement of the mining contractor and should report solid earnings growth this year. Exploration results at the Mount Muro gold project which is also in Indonesia have also been encouraging and this could be fast tracked into production as there is a plant on site. Meanwhile the Whim Creek copper project in Western Austalia is also on track for production by the year end. Quite a combination.

thanks for the postings goldfinger, not sure i agree with all, things are looking up at zoo, just about to break into the japanese market, and ascent media about to release 2 interactive dvds, who are just 1 of the numerous early adopters. Also at the prices, moneybox (atm) has more potential growth than scot tod.

cheers

Hi I facer, yes its certainly good news for ZOO and I still have a lot of this stock all the way up from around 4.5p,I sold my earlier tranchs. The problem is as a pointed out to a poster on the Zoo thread is that with results coming up Zoo are going to have to produce the recent profit warning and this in effect can take away from the positives in what we have seen with ZOO since December. Just depends how the market takes it on the day.

As for the ATM war sorry I cant agree there, I think Scott Tod are the better value at the moment, but I certainly wouldnt rule out transfering again as I have done out of cardpoint, into Money Box.

good luck.

cheers GF.