My mate David from Blackthorn Focus is holding an Investor Event on Tuesday 26th June in Cambridge which you can see details of below and I asked him if he could knock up some words on each of the Companies as they look quite interesting. He has done exactly this and I have added some thoughts underneath.
I have also repeated the bit about the Duxford Aerodrome Event on the day before - Monday 25th June - everyone is invited and it will be a fun day out I am sure. Full disclosure, I am taking no commission or anything from David. He is a mate and we regularly chat about Stocks (he is an excellent Investor) and I am merely helping get the word around about the Event he is organising. It is up to Readers if they want to go or not and it could be a decent chance to talk to the Directors of some interesting quality companies. Cheers, WD.
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Wow, what a change to have glorious Sunshine all Weekend, especially on a Bank Holiday one. I have been out in the Sun mucking about in the Garden and pretending to ‘work’ on it but really just doing as little as I can get away with so that I don’t get over exerted and it is mainly focused on easy tidying up stuff. I am knocking out this Blog tonight as I have been invited to a Barbeque tomorrow which should be a laugh and a good distraction from the Markets etc.
I am so so happy that Summer has finally arrived. I detest the Winter (if I wasn’t so dependent on the Comfort Blanket of Stoke Mandeville Hospital I could quite easily depart for Spain or something during the miserable Months. The crazy thing is that I rarely go to Stock Mandeville but it is just nice to know that at the drop of a hat they will always deal with me if I have issues) and with the wonders of modern technology I really could do my ‘job’ from anywhere and the Time Zones aren’t massively different in Southern Europe etc. With this in mind and after a shocking Winter that seemed never-ending I fully intend to engage with the Summer Months with a gusto and to minimise my Investing Activities to the bare minimum I can get away with - I will not be surprised one bit if this means that my Returns actually improve !!
I’ve found this Weekend quite frustrating because I really want to crack on with my Garden and planting Seeds and stuff but the weather has been either peeing down or like today just flippin’ nippy and with Superbike Racing on the Telly it wasn’t really much of a contest. I feel sorry for all those People who have gone away for the Weekend with Kids only to find their planned Break a bit of a washout. Welcome to Britain……
I guess Last Week was a typically soggy one for the Markets with the Bank Holiday and the whole tone of 2018 so far being pretty painful for Bulls. Thankfully my Portfolio ‘only’ lost 0.5% for the Week but it is frustrating how difficult it is proving to make headway and with another Bank Holiday in the coming Week, I don’t have high hopes for much of a change. I think there are US Non-Farm Payroll Numbers on Friday 6th April and that might cause some excitement to finish off the Week. I have a small Long Spreadbet on the S&P500 still running but I will be looking at this closely on Thursday Night with a view to closing it before those Jobs Numbers.
I’m always totally thrown by these Clock Changes - I spend most of the day with no idea what time it is and all of the Clocks in WheelieTowers seem to tell me different things - and the confusion isn’t helped by some updating automatically whereas others don’t - hopefully in a few days I will have figured out what is going on !!
One upshot of this is that some ‘normality’ is being returned with regards to the US Markets and what time they Open and Close - in theory they should Open at 2.30pm BST and Close at 9pm. After the drops on Friday maybe it would be better if they just stayed shut !! Last Week Blimey, that was a painful one - after being nicely in positive territory for 2018 so far I got a right kicking last week and my Portfolio ended up down 3.5% on the Week and this means that I am now down 2% on my Portfolio for 2018 - not a situation I like at all. The hit last week was exacerbated particularly by Sprue Aegis SPRP coming out with the News on Friday that BRK has terminated their Agreement early and that SPRP could get stuck with some Stock - there is a lack of clarity on the impact but it whacked the Stock hard and it is a big Position for me. Annoying, but I am not going to panic as the move to new Suppliers is the key to a much improved performance for SPRP but it is frustrating that yet another hurdle has been placed in their way.
I don’t know how long this Blog will be because I spent all of Saturday at the Master Investor show and today we had the start of the 2018 MotoGP Season with the races from Qatar so I am feeling quite worn out and have square eyes from looking at screens !!
There are a few things I want to cover before looking at some Index Charts and the main thing being the upshots of a long chat I had with Richard Wolanski, the CFO of Avation AVAP, at the Show (I hold Shares in AVAP).
Last week turned out very nice for me and I am really happy to be nicely back in Profit for 2018 after a Gain of 2.1% for the Week. I updated the ‘Weekly Performance’ Numbers for February on the Homepage a couple of Days ago and the story of the Year so far is very clearly shown there with February being a really tough Month but with how my Portfolio has recovered and with the strength in the US Markets particularly on Friday, it looks like we might be in for a slightly nicer period. As we will see in a bit, the Charts are pretty decent looking.
There has been some Media coverage today about The Chancellor’s upcoming ‘Spring Statement’ (I think it is on Tuesday) where he is due to give an overview of how the Country’s Finances are shaping up and it seems to be the narrative that Tax Receipts are better than forecast and this could mean that ‘Austerity’ (what a joke, there has been no Austerity and Government Spending has risen every year since the Credit Crunch) may be eased, but Spreadsheet Phil (or ‘Philly no mates’ as the Brexiteer Tory MPs call him) won’t be easing the Spending Taps until the Autumn Budget - but if he does ease up then that might be supportive for the UK Economy. Something needs doing because clearly the High Street in particular is really feeling the pinch with large ticket Items like Cars not selling.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
I had the great good fortune of being able to attend the Shares Magazine ‘Growth and Innovation’ Forum at the Business Design Centre in Islington (same venue as Master Investor) on Tuesday 30th January and as always I was very focused with regards to which Companies I spoke to and I spent the majority of my time there meeting up with some truly top quality Investors that I talk to regularly in the Virtual Twitterworld etc. but sadly get rare opportunity to speak to in ‘The Real World‘. I always approach Shows in this way - to me the Value is in knowing well beforehand which Companies you want to meet with and doing at least a small amount of Research so that you have a fair understanding and are able to quiz the Personnel on the Stand with relevant and meaningful questions. I then make sure I spend a lot of time with them and explore all areas of the Business to get a full understanding and it is a very efficient use of time. This means I can get a lot more out of my discussions but also I find that the People exhibiting are much more friendly and open to talk in a relaxed manner because they actually appreciate someone who goes a level deeper and isn’t just a fresh face who has presented themselves in front of their Stand and wants the Company People to trot out the same old Introduction and Blurb over and over again, before picking up a Free Pen and a Brochure. I feel for these guys because in my murky past I have done a fair bit of Exhibition Stand work and it can be soul destroying sometimes - especially when Punters ask you the most stupid Questions or worse still tell the Directors how to run the Business !!!
The astonishing Bull Run continues - I just updated my ShareScope Software prior to doing the Charts for this Blog and I noticed that the S&P500 had another strong move up on Friday and it has now pretty much had a continuous run of about 9 Days - all of 2018 so far in fact. It is Martin Luther King Day on Monday 15th January so the US Markets are closed.
Despite the overall strength I actually had a lucky escape and managed to eke out a Gain of 0.75% on my Portfolio Exposure (slightly higher if you look at Capital used obviously because of my Leverage on Spreadbets) - which is a pleasing outcome after getting hit with a Profit Warning from Moss Bros MOSB earlier in the Week and with Superdry SDRY (just changed name from Supergroup SGP) and Boohoo BOO both putting out decent Results but getting spanked anyway. The latter 2 are very big positions for me.
It’s hard to believe we have only had 4 Trading Days of the New Year and yet my Portfolio was up 2.5% by the end of it - in the context of a Target of 10% for the Year this is clearly a blistering start and it is probably the best opening to a Year I can ever remember. I always ‘Zero’ my Numbers at the End of each Year and start a fresh Year with my ‘Profit’ at Zero in effect. The usual pattern is that my Profit goes negative for a few Days in early January and gradually it moves back into positive as the Month progresses - it can be quite unnerving so it is nice to already have a bit of a ‘cushion’ of Profit built up. I always like being ‘Ahead of the Game’…….
Webinar Monday 8th January I was invited by Dale Pinkert to appear on his regular Webinar tomorrow at 1pm UK time - I am under the impression that it does get recorded and is available on YouTube later - I will look into this after the Show and put a Link on the Homepage somewhere for people who are unable to listen ‘Live’.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
This is the second and final Part of my Blogs on Hostelworld HSW - you should be able to find Part 1 just under this one on my Blog page but because I am so super kind to you peeps, here is a Link to it: http://wheeliedealer.weebly.com/blog/stock-idea-hostelworld-group-hsw-part-1-of-2 |
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