An interesting week.

This week has been quite exciting for my portfolio. During the week the ENRC takeover of Camec completed and I got the cash in my account. This resulted in a very nice profit of 557.28% since I bought the shares at the end of february, so that's a very good return over 9 months. That's my first real profit of this portfolio. The total portfolio is up 207.21%, but I guess the majority of this is a paper profit as I have no plans to sell any holdings unless they become severely overvalued. In a way it was good to see the first actual profit roll in, but I do feel ENRC got a bargain as my price target for CAMEC was 30p. However I do retain some exposure to the CAMEC assets as Kazachkmys hold a 26% stake in ENRC. The CAMEC completion in a way was the highlight of the week, but I have known it's been coming for a while. So I guess the actual news of the week was, in a way, more exciting.

On monday Lonrho had a positive trading update, which it took the market a while to digest as the share price didn't start moving up till the end of the week, but it did see a 20% rise in the week.

On tuesday Vodafone had their 1st half results, which didn't really suprise, their profits were slightly up, mostly on cost saving efforts. They also announced they are going to double the cost savings to £2billion. I like Vodafone as it's basically a cash machine, it's yielding 6% at the weeks closing price, and I'm getting closer to 7% on my initial buy in price. It's difficult to get anywhere close to that return in a bank and you do gain exposure to some emerging market's which should see the dividends increase year on year. The market seemed indifferent to the results as Vodafone was flat on the week.

Wednesday was a quiet day and there was no news fom any of my portfolio stocks.

Thursday saw Stobart announce a new 3 year £60million deal with Unilever, suprisingly the market didn't really react, I find this strange as it's another major blue chip customer and it adds significant revenue and also fills in a few gaps and hopefully will increase the percentage of journeys that are full. for example a truck will pick up at a Unilever factory it will go to the Unilever distribution center, then pick-up unilever goods to deliver to the Tesco distribution center, then pick-up goods to deliver to a Tesco store. It they can combine these routes then it could be a good cost-saver.

on friday there were no news announcements, but there was a decent 3.5% rise in Lonrho and a dramatic 17.9% rise in Waterman Group. i think the Waterman rise is due to the fact that an interim management statement is due soon and on fundamentals this stock looks very undervalued.

During the week I've also been researching new shares to invest in as the money from CAMEC has come through. I have some decent ideas, for shares that I aminteresyted in and are close to an entry point that I can live with, but unless there is a margin of safety I will not take the plunge. If anyone has any ideas please feel free to share them with me.