Hi Guys back of Holiday but not yet really settled down. Needed the break as I havent had a holiday in 5 years. Just been resting up at home.

Back to the stocks. Well lets face it last week was a stinker, simple as that. Interest rates hike hanging over the market and the tiddlers getting hurt most as all of the extra cost will fall to the bottom line. Lets hope for a better week.

Update on stocks.

I D DATA- hoping for this one to carry on from Friday and start to rise again. About 4 weeks to results so we may get a good run plus a contract win is get to be confirmed.

INCITE HOLDINGS - strange happenings at this company last week but apparantley big orders were being filled for institutional players, in fact a pal of mine on another site who is a big holder was contacted to see if he wanted to sell any of his holding and he gave them a quick no chance answer.

BEMA GOLD - fell back by about 10 points last week on averageish results. Fact of the matter is that a Miner should be judged on NAV and not earnings, due to physical nature of the business.

JUST CAR CLINICS - TA uptrend in place and company released two very interesting pieces of news on its web site that should see further support.

CENTURION ELECTRONICS - gave back a bit of ground last week but uptrend trully in place.

HCEG - another that gave ground back last week but there was some good news later in the week refering to warrants. Seems holders on a certain date will be awarded a warrant for every XXX share held . Ask me in the morning.

PIPEX - changed name last week had an up and down week but I added yet again. Great growth potential here.

NEW RECOMMENDATION

Going to go in for SCI ENTERTAINMENT SEG in the morning. Saturday paper confirmed that trading was well in front of budget and this backed up what Evil Knievil had been saying last week. EK feels that this is one of the cheapest stocks on the Whole Market, and we should get a good run up to Xmas with the new Desert Storm offering (sorry not an expert on games).
DYOR and if you buy watch the spread in the first hour or so, the MMS read the newspapers just like us, dont get sucked in. Remember you are responsible for your own buy and sell actions, we dont want any whimps complaining if they lose money. Only use money that you camn afford to lose and remember this is investing. If you want a quick fix, I suggest you go down to your local bookies , casino or boozer and play on the one armed bandit. We are all adults.

gf.

ps, sorry forgot Service Power Tech - special update on that sometime monday.

Roger,

If I may can I ask you for some advice?

I'm heavily into mining stocks, especially gold, making up over a quarter of my portfolio. I am however, interested in Golden Prospect.

Do you think that now is a good time to invest (currently 29.5p offer) or do you think this wil consolidate for a bit. I'm worried about unbalancing my portfolio too by investing in GOL, any thoughts?

Thanks in advance,

SB

P.S. Major mining holdings: AVM, CBM, CDN, OXS, (plus small holding in BAU)

Well SB dont get too top heavy in one area. I would suggest that 25% is just about on the limit and not to go any higher.

As for Golden Prospec Evil feels it is worth BUYING up to 36p per share, and thats without the 20% of the unlisted companies in its portfolio not taken into account. Gold represents roughly 60%, other metals listed roughly 20% and 20% unlisted in the portfolio free from his point of view. Dont forget aswell hes basing his figures on NAV and these could be very conservative. Just a case of swapping one share for another I feel if you like the story.

Might have more for you this weekend, thanks for the e-mails I will be in touch as I hope to get more details off Evil. Have a look at CDW, Caldwell Investments , feel its going to be a cracker, one of those that just keeps rising gently every day.

Anway heres a recent piece on the direction of POG.

Date : October 21, 2003



Gold Could Be Poised For Another Run Before Christmas.

Despite the odd attacks on gold, which for some reason seem to appear on a Friday, more and more sane and experienced voices are coming out in favour of it and against the dollar. Recently John Templeton, who has lost none of his marbles from the days when he was consistently the best performing investment manager in the US, if not in the world, said that investors should get out of US stocks and the US dollar. According to the International Herald Tribune Templeton reckons that the dollar has another 40 per cent to fall and that this will cause major overseas holders of bonds to sell them. The result will be higher interest rates and a long period of stagflation.

Now John Templeton is 92, so he has seen it all before. In 1999 when he was 88 he warned that the tech bubble would burst, and how right he was. He has been joined by Lehman Brothers a leading Wall Street bank, which is warning that a financial crisis is going to grip the US within the next 12 months. According to the Daily Telegraph in London the bank’s chief international economist, Russell Jones, tested the US against something called the Damocles report which the bank uses to forecast trouble in Third World countries. In simple terms it is based on ten economic indicators weighted on the basis of past crises in Latin America and Asia. The result was that the alarm bells rang long and exceeding loud.

The point being made by Lehman Brothers is that when these same economic indicators are applied to the US economy there seems no doubt that it is heading for a currency crisis. The budget deficit is a huge and though the authorities keep repeating that a strong dollar policy is being maintained , a growing number of influential commentators doubt that this is the case. The dollar has already fallen some way and is affecting exports. The key problem is China which sells US$6 worth of goods to the US for every US$1 worth sold to China. As a result the trade imbalance is running at around US$103 billion a year, and this simply cannot be sustained by any country, no matter how powerful.

The other benchmark on which investors should keep an eye is the price of oil. As Fleet Street Letter pointed out recently it has risen by US$3.22/barrel in the past month following an announcement by OPEC that it would cut oil production by 900,000 barrels next month. On top of this the Iranian Oil Minister Bijan Zanganeh has announced that even more cuts could materialise when OPEC ministers meet again in Vienna to set a policy for the first quarter of 2004. Those with long memories or a sense of history will remember what happened to gold back in 1974 when OPEC forced up oil prices. The price of gold rose to a dizzy US$800/oz which is a long way north of the present level of US$375/oz.

In a situation like this it is amazing to see that none of the investment gurus in the UK’s Sunday newspapers made a mention of gold or oil, or even of the US dollar. Minews will resist the temptation to name and shame, but some of them seem to see the rally in equity prices as being the harbinger of the next bull market. One of them gloried in the claim that “shares have seen the bottom and will not go back down there this year, next year, or probably ever.” Another talks about light at the end of the tunnel, though he accepts that the extent of UK consumer debt could jepoardise recovery if interest rates rise a couple of points. No mention of the possibility of China and Japan withdrawing support for US Treasury bonds. This would put upward pressure not only on bond yields, but on interest rates all round the world and the UK could not escape.

The conclusion has to be that gold provides a safe haven in these circumstances and that the price will rise as more investors come to appreciate this point of view. 2004 is going to be a very difficult year for the US as the Bush administration prints even more dollars to pay for the mayhem it has caused in Afghanistan and the Middle East Other countries are making it quite clear that their cheque books are staying in their pockets. US investors must be praying that the World Gold Council’s new gold instrument will get its listing on Wall Street before Christmas. Don’t hold your breath on that one, but Japanese investors are showing the way by gobbling up gold coins. Sales of the Austrian Mint’s Philharmonic gold coins nearly trebled between 2001 and 2002, and another record is likely this year.


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regards GF

Ciao's taking me to Venice on ITL!!!!

Hey Linzi, that blokes loaded hes got more dough than me so you should have a good time. Have to say Im getting a little jealous, will have to ask Peggy Smith if she fancies a week at the lights in Blackpool.

Well have a good weekend our Linzi, its been a real hum dinger for me, havent earned as much for about two months, new tips all doing very well. Loads of money.

Look after yourself, cheers GF.

It's not his money I might be after!!!! I'm not like that, it's his Italian charm, and most have got nice pinchable botties! And the style!!!! (being a Versace fan). Phew, getting hot under the collar now.

Have a great weekend GF - you deserve it!!!!

Cheers Linzi. I thought he came from Spain, never have been any good at languages and geography, or spelling.

Three stocks worth having a detailed look at this weekend. All look to have great potential.

CardPoint - growth business.
Danka Business Systems - recovery story.
TTP Communications - Recovery on back of Increase in worldwide chip business.

GF.

I like chips, but they don't like me!

gf having followed you on sharecrazy now onto this site, can you say which you think is your most potential tip for increasing?.

sinutab who are you on SC???????????. Linzi could just eat a bag of chips now. Hate the weekends, no stockmarket.

Anyway back to stocks. I have always maintained that GB group would be the best growth stock in my portfolio but I havent mentioned it on here yet. I think Caldwell Investments could also be a real growth stock, but please remember the growth we saw a few months back is no longer there. Dont forget we were buying from the bottom then, its a stock pickers market now.

cheers gf.

Apparently Centurion Electronics report profits on the 14th, I make that Friday.

gf.

GF,

Thanks for the advice (re: gold) & for the emails. You deserve every penny (& pound) that you make...

Good luck, hope you had a good weekend!

SB

Cheers SB, a new tip out sometime tomorrow.

cheers GF.

Morning GF and other mates! Have a successful week.

New recommendation today CARDPOINT (CASH).
This just about sums up this growth story.

Exclusive: Dermot Desmond's money making new stake
Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.

Exclusive: Dermot Desmond's money making new stake
Published: 08:45 Sun 9 Nov 2003

By Patrick Sherwen, Deputy & Secret Buying Editor
Email to a friend |


Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.

The Irishman's previous successes include an estimated profit of 56 million on dealing shares in technology company Baltimore. He is also thought to have made about 87 million from an investment in Esat Digifone.


Even Desmond's 1.9 million-share stake in Manchester United would yield a nice little profit if he sold now. Desmond has held his shares since December 2002 in which time the price has risen 130% to 232.5p. Judging by the time he bought in Desmond probably paid about 2 million for his holding. It is now worth 4.5 million.


According to Citywire's sources Desmond bought a little more than 1 million shares in Cardpoint in July this year then sold about half of them shortly afterwards. In the following month he added another 100,000 or so to his stake and that was the last move he made. As a result his holding stands at just less than 600,000 shares or 1.83% of the 25.3 million company.


He should already be in the money on this investment as the price rose almost ceaselessly between the start of the year when it was 35p and mid-October when it hit 85p. When Desmond first bought in the price was about 63p. The second time he bought the price was about 75p, not far off the current 79p.


Cardpoint supplies ATM (automatic teller machine) cash machines to be installed in areas where they are not normally found but where there is a need. Locations include hotels, motorway service stations, restaurants and cinemas.


This is a growing market about which there is a buzz of excitement. Last week shares in business and marketing services group Ambient jumped 17% on news that it plans to float Moneybox, its own ATM business by next spring.


However, although it shows promise the AIM-listed company is still at an early stage and has yet to make a profit. Losses narrowed from 1.27 million before tax in 2001 to 760,000 last year. According to house broker Evolution Beeson Gregory they will fall again to 500,000 this year and the first full year profit will be delivered in 2004. Evolution forecasts 1.9 million before tax.


One reassurance is that at the last estimate in May, Cardpoint had cash of 858,000 on its books. It has since made two significant acquisitions. It bought Securicor Cash Machine for a maximum of 9.2 million in May and in July it bought PT Distribution, the electronic mobile top-up division of Project Telecom, for 1.7 million. The latter union has already been consummated by a contract deal too. Cardpoint has been signed up to supply wine-merchant Thresher with 1,000 mobile top-up terminals for two years.ENDS.

Also come to the conclusion that TV CORP is going to room 101, a Sell, it just isnt moving and the money will be better used elsewhere.

Centurion Electronics as had a good day after being tipped this weekend in SCSW.

Elsewhere so far its a break even day and I note that trading volumes are light. I suppose yet again we are looking for direction from the US.

cheers GF.

GF,

Do you have an opinion on Finsbury Food (FIF). I know you have followed this in the past. Would you buy at this price 55.5p????

Cheers,

SB

Just sold it this morning lol SB. Great stock potential as a defensive , the Nestles contract though doesnt kick in I think while next year. Then it should be a star. Relative strength is poor. Id give it a miss for the moment but keep on the radar.

cheers GF.

gf,

You've been very very busy ! I hope your holiday was a good one. I returned recently from egypt - had a great time.

My question is this: I'm still holding ONT. For me this has become a BGY ie didnt think I'd be holding it so long. My thoughts are to get out - take a Big loss and plough back into another share like ZOO ( when a little lower) . What do you think?

Thanks,
bob

Bob, never hold a share which you find dropping day in day out. If you have a loser cut your losses quickly and move onto the next one. Why not set yourself say a 15% stop loss and if it breaches this just get shut and look at other stock.

ONT is this one of just Jims???. If it is I think he only holds for about two weeks. I wouldnt go into Zoo just yet. It may lose another point but I have heard things are progressing well on the corporate front. One or two games junky types are going to get burnt badly beleive me if they are shorting ZOO which I very much doubt after a conversation with Evil K last week. The reduction in ZOOs price is down to speculators in the hundreds jumping on when the last news was out and then bailing out with a profit for the next big thing.

good luck and stay in touch.

cheers GF.

gf,

You said don't hold onto a share if it drops day in day out. Surely this depends on whether you're in for the long term or short term? Take ZOO for example. All the speculators have bailed out so the share price has dropped, but if more good news comes along, wont the share price jump again? Or are you saying, sell the shares and then buy back in at a lower price?

nj

p.s some great threads since you've been back...

nmjnmj, yup your right if the inital investment was a long term punt but I beleive the ONT tip given on another site was a short term tip, so it would be best to cut losses quickly if the share is not going in the right direction and move on. For the record Im in ZOO and have been since I first bought it at 2.7p. I hold for the long term but take profits (lop the top) when its up and then replenish when the price is down. I now hold more ZOO shares than I have at any other time. I feel big things are coming there way.

good luck.

cheers GF.