Private Investor Diary: Taking advantage of cheap quality
Episode 1408, May 10, 2023, 07:27 AM
(Watch the video interview HERE)
You can read John’s Investment Chronicle in full by visiting https://www.jicuk.com/jic-portfolio and signing up for a two-week free trial.
0:45 An update on the portfolio’s performance in April.
1:15 A disappointing performance from IG Design(IGR) despite signs of improvement at the company.
2:30 A good performance from Polar Capital Holdings(POLR) and the attractions of the specialist investment management sector.
5:11 Worries in the banking sector that held the market back in April after a strong recovery since April.
6:30 Sticky UK inflation and the difficulties in reading the trajectory of the UK economy.
8:08 The rationale behind the addition of kitchen-maker Howden Joinery (HWDN) to the portfolio, including a lower valuation than historically and continued strong cash generation.
11:19 The screening process for identifying potential new investment opportunities.
13:32 Discussing the second purchase of the month, Brooks Macdonald (BRK).
15:44 The compression of rating, which has reduced the valuation differential between high and low-quality companies.
17:15 How the portfolio has been rejigged to make way for new purchases, including reducing exposure to Sylvania Platinum(SLP) .
18:11 What’s going on at Gulf Keystone Petroleum (GKP)?
20:02 What’s on the watchlist – Card Factory (CARD), Marks & Spencer (MKS)
21:32 The cheapness of the UK market, and UK-listed companies being taken out by PE and trade buyers.
You can read John’s Investment Chronicle in full by visiting https://www.jicuk.com/jic-portfolio and signing up for a two-week free trial.
0:45 An update on the portfolio’s performance in April.
1:15 A disappointing performance from IG Design(IGR) despite signs of improvement at the company.
2:30 A good performance from Polar Capital Holdings(POLR) and the attractions of the specialist investment management sector.
5:11 Worries in the banking sector that held the market back in April after a strong recovery since April.
6:30 Sticky UK inflation and the difficulties in reading the trajectory of the UK economy.
8:08 The rationale behind the addition of kitchen-maker Howden Joinery (HWDN) to the portfolio, including a lower valuation than historically and continued strong cash generation.
11:19 The screening process for identifying potential new investment opportunities.
13:32 Discussing the second purchase of the month, Brooks Macdonald (BRK).
15:44 The compression of rating, which has reduced the valuation differential between high and low-quality companies.
17:15 How the portfolio has been rejigged to make way for new purchases, including reducing exposure to Sylvania Platinum(SLP) .
18:11 What’s going on at Gulf Keystone Petroleum (GKP)?
20:02 What’s on the watchlist – Card Factory (CARD), Marks & Spencer (MKS)
21:32 The cheapness of the UK market, and UK-listed companies being taken out by PE and trade buyers.