2013 Hotlist Results – Week 51

Week 51 of 2013

The penultimate week of 2013 ends on a high note as the US Fed Reserve served up a taper but also further guidance on interest rates. It was the latter assurances that pleased the market most and perhaps the $10bln taper was lower than many were expecting.

With a short trading week ahead, the final days trading will be on Tuesday 31st Dec (half day).

I wouldn’t expect too much going on into these sessions as most have hung their boots up for the year now.

The Dow closed the week up a whopping 466 points at 16221. The FTSE closed the week at 6607 up 167pts.

A virtual portfolio has been set up using the 2012 final trading day close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. One newspaper top ten picks for 2013 has been included to help monitor/compare against. A pi ‘polled’ top picks list (from LSE bulletin boards) has been included this year.

Week 51 stock picks summary:

Another poor weak for commodities as the slump continues. Serica were hit by a duster in morocco and also BP’s decision to not take up the drill option on the namibian licence. The latter is not the end of the world by any means and Serica now have an 85% interest in the block with $50mln of 3D seismics available/completed. Most would expect another farm out deal and this time at a better interest/share basis to that of the previous BP deal. Other stocks which have faltered are GKP and BLVN. Both have suffered from over promising and under delivering. In the end, excuses run out and fingers begin to be pointed at management. Heads roll eventually. It’s like premiership football managers – poor performance costs you your job regardless of whether it’s due to injuries, lack of funding, poor referee decisions etc etc.

As the stock picks head into their final week – the positions are all but decided. A gap has opened up on second spot and the sharehub b-list will have a slim chance of jumping over the LSE BB polled picks.

If you haven’t got your stock recommendations/tips in for 2014, be quick as the lists will close on Dec 31st.

Current standings / Week 51 Results

1. The Independent 2013 +51.96% (Weekly gain of 4.77%)
2. The LSE BB List 2013 +16.39% (Weekly gain of 0.70%)
3. TheShareHub’s 2013 B-List +12.25% (Weekly gain of 2.09%)
4. TheShareHub’s 2013 Hotlist -31.01% (Weekly loss of 2.36%)

Click on Portfolio image to enlargeIndependent week 51png LSE BB polled picks week 51 TSH B-list week 51 TSH hotlist week 51