A review of Graeme's 2010 tips
One of the privileges of working in the heart of Mayfair, apart from regularly being taken-aback by the luxurious exuberance of it all, is that it is a magnet for business executives who frequent the region for a multitude of reasons such as a place to work or to visit for leisure and/or business purposes.
As a result I have been fortunate enough to listen to presentations with quite a number of executives of various publicly listed companies over the last year, much more so than I am accustomed to in the square mile.
It was in one of those meetings that inspired me to write about Pursuit Dynamics (PDX) on 11 August, when the company's share price was trading around 223p.
The company, which has various lines of business aimed at improving efficiencies for industrial customers, was one of the best performing recommendations, rising to give an average exit price of 515p, up around 130 per cent.
Pursuit Dynamics has performed well on the share price but little in terms of revenue and nothing when it comes to profits and will have to deliver in order to keep the market enthused.
Another fantastic performance came from Bowleven (BLVN), the Cameroon focused oil explorer tipped on 8 September at 177.25p, after it announced two potentially significant discoveries.
The shares more than doubled and I have already suggested taking the initial stake out of the investment and await drilling results for hopeful risk-free gains.
As it currently stands anyone who took up the idea should be up approximately 107 per cent with the shares now trading at 374.5p.
The third best performing stock came from semi-conductor wafer company IQE (IQE) on 25 August at 24.25p after it came out with excellent interim results and an earnings enhancing acquisition in the form of Galaxy Compound Semiconductors.
The shares almost doubled, but I was keen not to see too much slippage in the performance so I suggested a trailing stop (as and when the price moved up significantly I would 'up' the stop) which peaked at 43.5p and was triggered earlier this week, locking in a 79 per cent gain.
Admittedly I was a tad reticent suggesting Chaarat Gold (CGH) as a buy at 51.5p on 24 November but the stock came good after it announced positive drilling results from its Tulkubash project.
There is little doubt about the quality of the project, but when the company operates in an area where (Kyrgyz Republic) there has been civil unrest and concerns about nepotism amongst its rulers, you have to watch the situation carefully, not only on the micro-economic level but on a political and macro-economic level too.
Finally I am very pleased with the progress being made on uranium investment fund Geiger Counter Limited (GCL), after I tipped it at 85p on 17 November.
The shares closed for Christmas at 110.5p, a 30 per cent gain. Its biggest holding, Mantra Resources, received a recommended cash offer from a Russian entity, while the underlying commodity continues to soar.
If you are a fan of uranium, but a reluctant stock picker, then this should provide the happy medium where it invests in a multitude of uranium companies across the globe.
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