Was there a saying that not much happens during the summer months in the markets? You certainly can’t say that for my portfolio which had a very turbulent Q3. Seven of the stocks in my portfolio returned more than -10% over the quarter, while 7 returned move than +15%. Broadly speaking netting off and returning … Continue reading Performance update Q3 →
Transense Technologies update
Transense had its final results on the 23rd Sept. Unfortunately after these results I decided to call it a day for now(after being in the stock for 2.5yrs). I still like the management team and what they are trying to achieve, I just don’t think the numbers add up anymore. The company made £1.4m in … Continue reading Transense Technologies update →
Google Chrome
Very positive ruling by the Federal Court in the US. Obviously the share price rise(+9%) reflects the positive sentiment by investors. This would refocus the management time on AI and clear up a lot of the uncertainty hanging over the stock. I think this should be positive for the stock beyond the recent market move … Continue reading Google Chrome →
Hilton Food results
Somewhat disappointing results from Hilton. The Foppen business(maybe Floppen is more apt) is struggling again. Issues at the high margin fish division(Foppen). Contaminated fish at the Greek production facility so now they need to airlift fish from the Netherlands to the US. Cost so far of £2m with additional £5m until the issue is resolved. … Continue reading Hilton Food results →
New positions
Over the past month few months I have acquired shares in Meta(META) and FRP Advisory Group(FRP.L) as well as small positions in Hermes(RMSP) and one of my all time favourite companies(held it for 10yrs prior to COVID), TK Maxx(TJX). Meta, Hermes and TJX would likely be long term holdings while buying on weakness in the … Continue reading New positions →
US tech results
Just a short post to comment on the results for Google and Amazon(and Meta, a position which I started building into since the start of the year). I thought all 3 had excellent results(especially google for which I had some reservations(see H1 performance commentary). Overall I think these stocks will have the least amount of … Continue reading US tech results →
Performance review H1, part 2
Distribution Finance: +7% Distribution Finance is a recent addition to my portfolio(less than 1yr). While I generally tend to avoid investing in Financial companies of any sort(don’t like the business model, cyclicality etc..) this one is quite a specialist and doesn’t have a lot of the legacy baggage. In addition it is trading at discount … Continue reading Performance review H1, part 2 →
Performance review H1, part 1
Ok, here is the inaugural performance review. The intention is to do these once the quarter is over, but given that I did not publish one last time (as there was too much going on with the website) this would be a one off H1 publication. On this occasion I will comment on all … Continue reading Performance review H1, part 1 →
Volex
Excellent results this morning. Good organic growth across the main divisions(Electric vehicles revenue up 40% and Consumer electronics is up 10%). Especially in the current volatile and uncertain markets. Looking forward to hearing the management and asking a few questions at the Investor Meet presentation tomorrow.
Company results
A few of the companies would be posting results in the coming weeks(MSI and Volex as well as a couple more on my watchlist that I am building positions in). Hoping for blow out results from MSI in particular as it has been especially quiet from a news perspective. There might be also some strategic … Continue reading Company results →