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” →
Added a touch to Rasmala.
They have just released 2016 results. They were not good, in most ways, but there is still opportunity here.
Continue reading “Rasmala – Returning 2/3rds Market Cap” →
New position – 9% portfolio weight.
It has a market cap of £25.9m and a NAV ex goodwill of £94.3m. Simply getting to this implies a 200%+ return…
Rasmala (formerly known as EIIB – European Islamic Investment Bank) is an asset manager. It used to be a bank but has recently re-focussed on asset management.
Continue reading “Rasmala – Investment Manager trading at less than net cash” →