CLP posted a bullish trading update yesterday which saw the stock surge 80%. I took the opportunity to cut my losses on this investment, as I don’t have any faith in managements bullish assertions any more.
An update on some recent changes to the portfolio. Novus Energy (TSX:NVS) has been taken over, I have initiated a position in Clear Leisure (AIM:CLP), and have a good old rant about foreign currencies!
This is the first post of the AIM IT Project I announced last time. I’m starting off by reviewing Clear Leisure (AIM:CLP), I don’t intend to do an entire post for every Investment Trust in the list, but when one tops the list trading at apparently only 10% of Net Asset Value I can’t help but kick off the series with it.
This isn’t your typical Investment Trust which holds a portfolio of equities, it has a few concentrated majority stakes in a number of leisure businesses, which is why I feel it needs a whole post to explain it.