Week 8 of 2011. A very difficult week for the Hotlists in exceptional circumstances. The FTSE 100 finished the week down by a minor 20pts but significantly closed a shade above the 6000 level. The FTSE100 is +1.7% to the good in 2011. Taking into account recent Libya turmoils and recent dividends paided out – that’s a pretty good performance and a strong sign of stability in the large caps.
A virtual portfolio has been set up using the 2010 Dec 31st close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. The B-list (alternative picks) and 2 newspaper top tens for 2011 have been included to help monitor/compare against.
The virtual portfolio’s use the ‘last trade’ system to calculate the days close.
Week 08 performance summary as follows:
It was a week of bloody noses and bruises all round. An encounter that might make England vs France at Twickenham today – look like a game of soft touch rugby. The 2011 Hotlist was battered mainly due to some oversold action taking place on GKP, NPE and BHR to name a few. Sanity returned on Friday to rescue the list from ending in the red for the first time this year but the B-list struggled the most and moves to negative. The Newspaper lists treaded water and the Independent is closing in on number 1 spot. Still a long way to go and I expect the Hotlist to bounce back strongly over the coming weeks and months (providing the North Africa and Middle East issues do not continue to escalate).
Week 08
1. Tempus Times +6.88% (drop of 1.01% from week 7)
2. The Independent +6.64% (drop of 0.01% from week 7)
3. The 2011 Hotlist +0.76% (drop of 0.99% from week 7)
4. The ‘B’ List -1.83% (drop of 4.51% from week 7)
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Darren,
I think the market wants to see what Hoils next plans are after the disappointment over the Miran well. If you want to second guess that and get stuck in then you may be rewarded for the risk involved – and that’s where the sp is positioned at present – for the brave and confident.
Sometimes – I prefer to pay an extra 10% or even 20% on the sp entry if it means I have 100% certainty on the businesses future ops/strategy.
Gas can be significant in Kurdistan but the infrastructure is woeful and would cost billions to sort out. What’s next for Hoil? is the big question.
Hub,
I have been looking at HOIL, with a major recent discount on the SP, I’m thinking maybe now is a good time to top up. But would massively appreiate yuor current thoughts on HOIL. Too risky?