All I hope you have all had a successful 2016. For the
record I gave out 3 main calls this year. The first was Savannah Resources at
around 2p, currently around 6p with a nice 300% paper profit. I also had a call
on RIO at the start of the year thanks to its then 6-7% divi rate and good
potential upside and landed a nice 50% profit and finally BCN which has had a
neutral year so far. In total my PF is around 100% up, with a big chunk of it staying
in cash this year.
Overall a very successful year.
This leads me onto my plea where help is needed.
As a family, my wife and our children have seen the effects
that cancer can have on children, (not ours I should add for clarity), but to
people we know. We have seen both the devastating effects on families of a
child dying and the positive effects.
A few of you will know that I gave up working in investing
banking and IT a few years ago and have spent the last couple of years working
with children, both in and out of schools. All of us try and help out where we
can and my middle child has also been affected and occasionally tries to raise
money for good causes.
In December he’s decided to shave his head for standup to
cancer.
If you’ve had a good year and I hope you have and want to
help sponsor him then any money is appreciated. It happens next week.
So to sign off, happy new year and I hope you are all
healthy, happy and wise !
