Over the past several weeks I’ve done a few more trades. I completely sold out of Alumasc prior to the results(which I am extremely pleased about as it come off by about 20% since then). I think the building business is quite tough in the moment(another one of my holdings Billington had to close down one of its factories). It was also trading at levels which were quite high from when I bought.

I’ve also initiated reasonable positions in Warpaint(W7L) and Advanced Medical Solutions (AMS). I think in the case of Warpaint, it offers great value, with excellent balance sheet and clear business model. Plus the founders own 40%. AMS is beginning to get their house in order after a few acquisitions and I believe the share price will rerate soon. They have a few upcoming investor presentations which I hope will raise awareness amongst institutional investors.