Ups and downs 13/1/2016

UPS

  • PURP +10.5%
  • BOO + 8.4%
  • G4M +7.46%
  • SOM +7.22%
  • AIR +2.83%
  • LAM +2.62%
  • TET +2.23%

DOWNS

  • ALY -2.56%

Portfolio up 2.671%

No purchases or sales.

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This week

What I am reading this week?

What am I listening to:

What I am researching

AVS

This should have been published the day after AVS agreed to a takeover but for some reason that didn’t happen. 

I posted back in September:
“I also topped up Avesco. This is a sound undervalued company with good metrics and Stockranks. I anticipate continuing to buy this on the way so that it joins BOO, FEVR and BVXP as fourth heavily over weight holding in the portfolio.”

AVS is currently 5% of the portfolio”

As many (though not if you read the FT, it is not even mentioned) of you will know now AVS was on the end of an agreed takeover offer from NEP Group Inc yesterday (RNS) at a 125% premium to the  Wednesday 16th closing price. 

To see the RNS come through and then take in what it meant was an amazing sensation.  Though whether it will ever be repeated to this degree I am not sure. 

It was Paul Scott over Stockopedia on his SCVR who lit the spark.  I would love to be able to say and as wrote in column yesterday:

“Unfortunately (or fortunately!) I don’t have the time to analyse the s@&t out of stocks and looking back at my notes I was simply attracted by the ROA etc figures, the divi growth and the fact that it on Stockopedia figures it was trading below book. That was enough for me.”

I still have a business test takes up huge amounts of my time and this simply does not leave the time to spend ages and ages on analysing a stock to make sure it is not a mistake waiting to happen. But I believe:

  • The only way to learn is to be in the market and learning from what you do wrong and right
  • In the current enviroment there is simply no point in leaving ones money sitting in the bank account

So I continue to invest, read and learn as I go along. Yes there have been some bumps along the way and we have been in a generally rising market but I am well ahead of any metric you want to use. Now I must make sure I am not complacent. 

Anyway back to AVS. Before yesterday AVS was about 6% of my ex-cash portfolio and was my 6th largest holding and it had been my intention to top up to the 10% of portfolio level. As I write (18/11/16 10:07) it is now 14.1% of my portfolio showing a gain of £20,592. Most, though not all, of that came yesterday.