Apologies for delay in replying. There has been a lot to digest on the ACTA board !
On my mammoth trawl through dividend paying companies I started with high yields (often a sign that the sp has fallen) looking for any SW turn around situations. Didn't really find any although I thought DSC looked interesting.
I also noted companies that showed fast, steady sp progress in stage 2. Then looked at dividend and profit record, dividend cover, p/e.
More interested in sp growth than dividend but I thought good fundamentals and a reasonable yield might add some stability.
I short listed quite a few but choosing between them becomes a bit subjective with so many criteria to consider.
I thought the best were:
FOUR, 3% yield, good fundamentals, fast sp rise ,72% over 1 yr and still going.
BT, 2.9%, good fundamentals, 40% rise in sp.
GRD, 3%,good fundamentals, super div rec, 70%sp rise.
NXT,2.2%, v.good fundamentals, smooth st 2, Xcel profit and div record, 54%sp growth.
RTN, 2.1%, Fundamentals "OK", st2 fairly smooth, prof rec good, div rec excellent, sp growth 72%.
Plenty of runners up but some on AIM or fledgling.
I liked GVC,IRV,PHTM,PHSC,RBN, and S&U.
Thanks for that. Something else for the weekend.
I have significantly improved the performance of my investments since I started screening potential buys using Stan's criteria.
However, I have missed some good profits by selling stage 2 shares too early. In some cases I have bought well into stage 2 and small fall backs have put me into the red. Waiting for the share to fall through the 200 day MA would have been very costly. For the moment I would rather miss a profit than risk too big a loss but it is not the ideal way manage my investments. However, sods law seems to be making the problem worse.
I sold AVO to cut losses. Next day it rose 19 %. I sold PACE today (static/falling). It finished strongly. Chesnara and Cine World were good stage 2 risers but I sold on pull backs. Both are moving ahead strongly again. Synety I sold yesterday. It's up strongly today !
Now that I am happier with my portfolio I have to sit back a bit and stop trying to force the pace.
I am still 30% in cash, 2/3 rds of which is not earning much. I am thinking of reducing this to 20% and will look for good stage 2 dividend payers. GNK seems to be a good prospect. Also CINE, MCRO, BT, and RMV (low but growing dividend).
If you have any ideas they would be welcome.
Linear Regression Channels. (RTTC to me), link will show how to take advantage of this chart pattern.
A few example of companies that I am currently invested in currently performing to this pattern.
View one year charts.
CLIN, rising and part way up its TC. Recent purchase.
DRV, at the bottom of its TC, Needs monitoring to see what happens next. Long term hold.
IOM, at the top of its TC. Medium term hold.
OPG, falling? From the top of its TC. Recent purchase.
View three year chart.
Finally MLIN just started rising within its TC. Recent purchase.
Going back to CLIN. An observation.
Yesterday at 09.30 am the price was lowered to allow two large 100,000 share trade buys to be placed for 310p at 10.00 am. After that by midday the SP was put back up to where it started the day, and the spread went up to a buy level of 321p for a while. The SP finished up for the day at plus 3%. On Wednesday there was 94% buys, but the SP was held back. Money Talks. Two times £310,000 buys for CLIN Thursday.
Comments. IMO CLIN will soon be going up, I already hold this stock, and have just topped up.
These are my comments, and my observations, DYOR, make your own decisions, and good luck.
Thanks for replying so quickly. I have only just got around to checking this board !
We hold quite a few companies in common. I will check the rest that you hold.
I 'm inclined to sit tight for the moment on my existing shares but I may buy NICL because of its very steady (stress free) rise.
This reflects a lot of the input from the ACTA board plus SW's book.
ACTA, APC, BLNX, CSR, CLIN, COMS, CWD, EZJ, GBO, ITE, IOM, KLR, LAM, LOQ, MCRO, OPG, PACE, SAG, SEP, SGP, SNX, TCG, WMH, XAAR, AXA Bio U.T.
I have slight reservations concerning GBO, LAM, PACE, and, until today SAG.
Even so I am tempted to top up LAM, I still think it will break upwards, and I will defginitely top up SEP, which is well below my average investment.
Too many shares really but does it matter if they are all doing ok.
At the beginning of the week I was too much in cash (30 %) . I have reduced that to ~ 20%.
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