2018 Performance / Portfolio Review -13%, could be worse

As 2018 is almost over I think it’s time to review the portfolio and performance.

Overall result is -13%. Somewhat depends on calculations –  I use broker day end values.  so more or less… This can be compared to -9.7% FTSE all share (total return), far below my 30% target for the year.  Many ideas havent worked this year so what has saved me is profit which was really from 2017 and rolled over the year end in the calculation – particularly Tejoori.

Long term performance has been strong – still 7X up over the last 10 years – long term chart below: Continue reading “2018 Performance / Portfolio Review -13%, could be worse”


New Investment – Produce Investments Limited – Cheap Potatoes

Produce Investment (PIL.L) is a vertically integrated potato farmer.  They grow and process potatoes for major supermarkets.  In particular, they produce Jersey Royal Potatoes.

They trade at a forecast PE of 6.  They have a free cash flow yield of about 10%.  The net tangible asset value is about £35m against a market cap of £40m.

Continue reading “New Investment – Produce Investments Limited – Cheap Potatoes”