Q3 2020 Review +12%, + 39% YTD

A very quiet quarter for me. I have made very few changes. This is being written a few days before the end of September so figures may differ slightly, but baring an unexpected disaster / triumph this is roughly where I will be…

  • Got rid of EOS Russia – no real reason – it just hadn’t performed well and a realized loss is good to manage my CGT position. I may well re-enter.
  • Sold some Beximco on a ridiculous spike buying some of it back lower down – I will refill my position again lower down.
  • Sold a bit of CMC Markets – as my position was a bit big and wanted to buy other things.
  • Sold half my SERE on a dip – this was an unwise panicking out on something of a headfake. Could be summer ‘silly season’ low volume move. I am noticing more stocks than usual falling with no reason.
  • Sold half GPSS to take some profit.
  • Most impactful change was buying 4D Pharma in the placement. This has done brilliantly for me – more later.

My portfolio is below:

Continue reading “Q3 2020 Review +12%, + 39% YTD”

Q2 2020 +24% (+33% ytd), but still nervous

Quick overview of performance – and holdings which I know is something you all enjoy.

At the end quarter I am c+24% ytd.  This is vs a FTSE AS of -17%. and AIM AS of -8%. I have had a very good July and am currently up c33%.

This is good but I often think of a (mis) quote when I am doing well:

“Those whom the gods wish to destroy they first make invincible”

Continue reading “Q2 2020 +24% (+33% ytd), but still nervous”

Dragon Ukranian Property – Vote No at EGM

Brief post on Dragon Ukranian Property.

I bought this in March 2018 for c18p per share. I had a distribution of .09 USD per share or c 7p. So even if this goes through I am more-or-less flat.  It’s actually worse than that though.  Since I bought this in March 18 my portfolio is up 16%, so this has been a net detractor.

Continue reading “Dragon Ukranian Property – Vote No at EGM”

Q1 Portfolio/Performance update (+11%) Coronavirus and thoughts on where to go from here

Lots going on in the portfolio so I thought I would give a quick update.

At the end of Q1 I was +4% ytd now (14/4/2020) I am c+11%.  This should be compared to the index which is -c22% now, at the low I was down c5% for the year. I feel a little bad posting this as lots of this is from non-usual (for me) trades… Many of these, I put on Twitter, unfortunately, I can’t post everything as it may move prices against me, particularly where I only sell half.  I know many of you are not twitter followers.  If you would like an e-mail when I tweet there is a service for that here.

Continue reading “Q1 Portfolio/Performance update (+11%) Coronavirus and thoughts on where to go from here”

Exited Beximco $BXP -4% Bangladesh listing falling fast

EDIT 16/2/2020 – I reentered as the underlying bounced back.  I posted this on twitter – follow me there.

I have exited this – the Bangladeshi listing has fallen. It was c80p a share when I bought in – it is now 55p -31% and the UK listing is down c4%.  I have therefore exited.

There are rumours this is due to an accounting issue – I doubt this, the company pays good dividends and has been in operation a long time.

But I cant ignore the risk so for now I am staying out until the discount opens up again.

I will watch and wait.

Rosetti ($RSTI) / $FEES – Russian Grids at bargain prices

I bought both of these the other week.  They are both very, very cheap and I believe are high quality assets that will rise in price as performance improves and Russia becomes a more ‘normal’ country.

 

FEES – Fsk Yees Pao is the largest grid company in Russia. 80% of the shares are owned by Rosetti, 88% of Rossetti shares are owned by the Russian government.  It is listed in Moscow and London via a GDR – I believe the Moscow shares are cheaper to buy and hold due to fees associated with the GDR. The likely yield is 8-10%. Continue reading “Rosetti ($RSTI) / $FEES – Russian Grids at bargain prices”

New Investment – RusHydro ( $HYDR)

Posted a few new investments on twitter that I thought I would update you on.  I have found Russia rich pickings for a lover of high yields and low PEs.

I wrote this a few weeks ago but didn’t get it posted as I have had an unfortunate festive flu – figures maybe a little more out of date than usual. I am long from 0.51 (Late October), (currently 0.5895 so +15% in a couple of months) but think there is still value, I literally bought a touch more on Friday.

Continue reading “New Investment – RusHydro ( $HYDR)”