If you are a David Haselhurst follower , you will be a bit disappointed with the year ending result on his money magazine portfolio which ended in a –19.00% portfolio change for the calendar year ending. I do keep a watch on his penny hopefuls and do follow a few of his punts in my own portfolio , as i do admire his winning streak punt for penny stocks from previous years. The last couple of years with the US crash , Euro crash there is still some weakness in the Australian stock market which is also evident in the penny stocks and the speculators portfolio.
His last pick in Oct. 2011 was Blackwood Corp (BWD) which was formerly “Matilda Minerals Limited” which was picked up at 0.23 and still remains at 0.23. You can get more details on Blackwood Corp here on their website.
The Exco Resources Punt
David Haselhurst took a punt of EXCO Resources( EXS) in June 2011 @ $0.615 which has since then taken a beating with the current price as of today being $0.19. Exco resources has quite a few tenements in its prospecting portfolio in Queensland and South Australia besides the one it sold to Xstrata , which could possibly generate more income for the company.
“Exco Resources Ltd” (ASX: EXS) is an ASX listed mining and exploration company that has been operating since 1998. It operates the White Dam Gold Mine and the Cloncurry Copper Project (CCP). The CCP was sold to Xstrata Copper for A$175M in June 2011, generating a significant return on equity and the Company subsequently returned A$135M (A$0.38/share) to its shareholders as a fully franked dividend and capital return.
One of his picks from which i have profited before CTP or Central petroleum has had some good news , with it striking oil at its Suprise well and it being the first significant discovery of oil flow from a onshore discovery when most of the discovery are from offshore in the waters off Australia. You can hear a report of this onshore discovery of central petroleum over here.
If you check out the shareholders list , you can see some very respected parties in the shareholders list of central petroleum as below
Top Twenty Shareholders of central petroluem (CTP)
|Name||Shares Owned||% of Shares Owned|
|Brighten International Pty Ltd||22,841,551||2.13%|
|National Nominess Limited||22,074,980||2.06%|
|Citicorp Nominees Limited||15,044,512||1.40%|
|Mr Mark Philip Shawcross||13,250,000||1.23%|
|Renlyn Bell Investments Pty Ltd||10,416,670||0.97%|
|Comsec Nominees Pty Limited||10,213,608||0.95%|
|JP Morgan Nominees Australia Limited||9,996,235||0.93%|
|RBJ Nominees Pty Ltd||9,375,000||0.87%|
|Franze Holdings Pty Ltd||9,360,000||0.87%|
|AMG International Pty Ltd||8,915,000||0.83%|
|Salavente Pty Ltd (GRB Superannuation Fund A/C)||8,625,000||0.80%|
|Colbern Fiduciary Nominees Pty Ltd||7,181,818||0.67%|
|Advent Energy Ltd||6,250,000||0.58%|
|Mr John Phillip Heugh||5,741,429||0.53%|
|HSBC CUSTODY NOMINEES AUSTRALIA LIMITED||5,428,889||0.51%|
|Agens Pty Limited||5,324,176||0.50%|
|Brispot Nominees Pty Ltd ||5,032,646||0.47%|
|Marford Group Pty Ltd (Aggressive Trade A/C)||5,000,000||0.47%|
|Blamnco Trading Pty Ltd||5,000,000||0.47%|
|Mr Garry Bonaccorso & Mrs Dorothy Bonaccorso (Osrocc Super A/C)||5,000,000||0.47%|
I still think CTP is a good buy at tis current prices, though currently don’t hold any of its stock as i have already taken a punt on some other ones with my money already tied up.