Today we take a look at the first of three stocks in the portfolio in more depth. We shall be looking at what stocks I hold in my portfolio and why? We shall also be looking at price targets and stop losses on each stock.



CSR (CSR) http://www.csr.com

A wireless solutions provider and leader in Bluetooth technology. CSR designs and manufactures single-chip wireless devices. The business started with a focus on solutions for the 2.4GHz Bluetooth® personal area networking standard; in November 2004. They entered into the IEEE 802.11 marketplace - a family of wireless standards also referred to as 'Wi-Fi' or 'Wireless LAN' - with devices capable of operation in both the 2.4 and 5GHz frequency bands
In the Bluetooth market, CSR is ranked number 1 in every Bluetooth market segment with a unit market share in excess of 50%.

CSR's BlueCore™ ICs are used in all principal applications including mobile phones from BenQ, HTC, Motorola, NEC, Nokia, Panasonic, Samsung and Sharp; wireless headsets from Hutchison '3', Jabra, Logitech, Motorola and Plantronics; almost all new models of laptop personal computers with Bluetooth capability introduced since 2003 (including Apple, Dell and IBM), mice and keyboards from Logitech, and in-car communication systems used in SAAB, Audi & BMW motor vehicles. BlueCore™ ICs are also approved by Microsoft for use with its Windows operating system.


I bought CSR stock at 300p mid 2005, the stock is now touching 1200p. However, it is not too late to buy into this stock as certain brokers have a price target of 1300p and 1500p respectively.
My price target is 1300p, once reached I shall review the stock and decided to keep on holding or sell. This stock is not reviewed on a regular basis as I am confident (despite little hick-ups) it will reach 1300p and hopefully beyond. The stop loss on this stock at this present time is always 20% below the current share price.




The Carphone Warhouse Group (CPW) http://www.cpwplc.com/
The Carphone Warehouse is Europe's leading independent retailer of mobile phones and services, with over 1,400 stores in 10 countries.

Carphone Warehouse is in the process of providing ‘free’ internet access using a new 'bundled' product, which customers will receive, broadband internet access and unlimited national and international landline calls.
The offer will only be available to consumers close to the 1,000 BT local exchanges where Carphone Warehouse will install its own equipment (some 70 pct of the UK population) The company said this should boost the customer base of its TalkTalk landline business to 3.5 million by March 2009, up from 2.6 million currently.

Pre-tax profits for the 12 months to March would match expectations. Operating profits are between £30-40 million.
The number of customers it signed up to mobile phone services rose 32.8% to 2.23 million in its fiscal fourth quarter to the end of March. Pre-pay 'connections' jumped 40.8 % to 1.33 million in the period, while subscribers to more profitable post-pay contracts grew 22.4% to 890.000

Carphone Warehouse mobile connections will grow by around 15 pct in the current year.


I bought Carphone Warehouse stock at 260p mid January 2006. The stock is currently priced at 315p.
My price target for this stock is 400p. I will sell once the stock reaches 400p, as I believe it will have ‘ran out of steam’ by that time. The new broadband service is expected not to return a profit straight away, which in turn will affect the share price beyond that. My stop loss on this stock is currently 20% less than the current share price.




Fenner (FENR) http://www.fenner.com/
Fenner is the leader in reinforced polymer technology; Fenner is the world's number one producer of heavyweight belting using PVC, fabric and steel reinforced rubber. Lightweight belting is also manufactured using PVC, urethane, thermoplastic elastomer blends and rubber. Precision polymer products, designed and manufactured by the Group, include detachable V-belts, thermoplastic belts, precision timing belts, reinforced thermoplastic ducting, high-temperature hoses, composite pulleys, sprockets and bearing housings, conveyor guide systems, keyless bushings and belt/chain tensioners. Fenner Advanced Sealing Technologies is synonymous with high quality, high performance hydraulic sealing solutions and consequently enjoy an enviable reputation within the worlds fluid power industry.

The Fenner Group employs over 3,000 people worldwide, with annual turnover in excess of £300 million and is administered from Headquarters based on the outskirts of Hull, Yorkshire, England. The main thrust of the Group's activities now lie in the Heavyweight Belting, Precision Polymer Products and Advanced Sealing Technologies - fields where the Group is a dominant force in the markets in which it operates across five Continents.


I bought Fenner stock at 150p in mid January. The stock is currently at 215p.
My price target for this stock is 240p at which time I will sell after this current run.

The reason for the stock to be sold at 240p is just like the Carphone Warhouse I think the stock will simply ‘run out of steam’ by that point. However, this is a stock that if circumstances change I will re-consider my sell stance at 240p. I will let you know what decision I make. My stop loss on this stock is currently 200p.