Note: I am not shorting this in my SIPP account. Erinaceous Overview Debts of 170 million @ 10% interest per year – £17 million in interest. 6 months to 30 june 07 – revenue £116.5 – pre tax loss £3.9 million. The company recently announced that it may have problems continuing as a going concern and [...]
Archive | September, 2007
My SIPP is sinking – and my first attempted strangle option trade on Bear Sterns.
After last years 77% gain (to Aug 2007) in my SIPP, last month it fell from £32,000 to around £29,200, so getting my target return of 50% this year will be a challenge. Warren Buffet says he would guarantee 50% year on year for a portfolio under $10 million, so my work is definitely cut out.   It’s funny [...]
Investment Update – My SIPP is down – I might not retire all that early
More losses. My SIPP is now around £29,500. I now realise how difficult it is to get 50% year on year. I’m still on track, but its certainly far tougher with the recent market. I have derisked my portfolio somewhat and now own around 10 stocks. Just to keep you in the loop, here is [...]
