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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]
I will write the first Q2 performance summary in early July with some notable events since the start of the year within the portfolio. I have just updated the performance of the portfolio vs S&P500 and FTSE AIM All share and it stacks up favourably at 8% vs 4% and 6% respectively. Not a bad […]
If you are thinking about adding Mitie as a holding, it might be worth doing so via the Marlow shares. Currently the value at which Marlow is trading at is below the 290p +1.1Mitie shares offer. This means that the share component of the offer is trading at about 10% discount(i.e Marlow is trading today […]