Compound Income
  • Blog
  • Scores
    • Subscribers Scores Access
  • Portfolio
    • Table of Returns
  • Resources
    • Check list
  • About
  • Contact



Black & Red November Update

5/12/2018

0 Comments

 
Picture
After Red October we have had something of a Black & Red November in so far as there was Black Friday & the Compound Income Scores Portfolio (CISP) ended in the black too. While the red came from the FTSE All Share which ended November in the red and the Monthly timing indicators which remain in negative territory too. Please see the Portfolio Menu at the top of the site or in the three bar menu if you are on a mobile device & want to see the full table of returns or other summary details about the portfolio.

In terms of this months screening for the CISP it was another mixed bag as three potential sale candidates came up as their scores had slipped below the 75 level that I use for reviewing holdings. I decided to retain two of these as their scores were only slightly below 75. One of these was again Alliance Pharma (APH) which I have already given one stay of execution to, but given the volatile markets I would expect it to be a bit more defensive from here. The other was Bloomsbury Publishing (BMY) which is a classic dividend growth stock & has the stronger second half trading period to come so here I was also reluctant to ditch it on limited news flow. The one I did choose sell was Ferrexpo (FXPO) which apart form appearing to be very cheap, I don't feel that strongly about. It could well suffer badly if we see an economic downturn (which may be what the rating is discounting) plus the portfolio retains a holding in Rio and therefore some exposure to the sector. Given the way economies are shaping up it doesn't seem like a bad time to be reducing this type of exposure.

To replace this I selected a different type of miner that scores highly, in this case a data miner as it were called D4T4 Solutions (D4T4). This £74m market cap. company seems to be a play on internet / big data type of thing and as such may be interesting after all the GDPR stuff earlier this year. Indeed their recent interim results were exceptionally strong, although this was to some extent offsetting a big drop off in business that they saw last year. So it may just be a lumpy type of business or perhaps this could be the start of a more rapid growth phase given the actions they have taken since last year.

If they can repeat the strong growth in h2 then I suspect there could be bigger upgrades down the line, but as ever time will tell on that. Nevertheless they look quite good value on around 15 to 16x predicated on a strong bounce back from last years fall in earnings. The yield is lower than I would normally look for at 1.5% or so, but otherwise it seemed like the most attractive addition to the portfolio which brings something different to the party.

It does also seem to have momentum as it is threatening to break above recent highs and maybe could even go onto hit all time highs around 280p that it set around the year 2000 if the second half proves as strong as the first half, or not as the case may be! Any way I guess it will not be every ones cup of tea and I'm not sure I can bring myself to buy it personally,  so we'll have to see how it goes for the CISP.



0 Comments



Leave a Reply.

    RSS Feed

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    Categories

    All
    32Red
    Aberdeen Am
    Admin
    A G Barr
    Airtel Africa
    Alliance Pharma
    Alternative Telecoms
    AMEC
    Amino Technologies
    Amlin
    Anglo Pacific
    Ashtead
    Asset Allocation
    Auto Trader Group
    Barclays
    BA Systems
    BATS
    Behavioural Finance
    Bellway
    Berendsen
    BHP Billiton
    Bloomsbury Publishing
    Bodycote
    Books
    Bovis Homes
    BREXIT
    Britvic
    Caledonia Mining
    Capital Ltd.
    Catlin-group
    Central Asia Metals
    Centrica
    Character Group
    Churchill China
    Cineworld
    City Of London Investment Group
    Clarkson
    CMC Markets
    Commercial Property
    Compound
    Computacenter
    Connect Group
    Croda
    Currencies
    Demographics
    Diageo
    Diploma
    Directors Dealings
    Dividends
    DotDigital
    Easyjet
    Economics
    Emerging Markets
    Emis
    Empiric Student Property
    Etfs
    Fairpoint
    Ferguson
    Ferrexpo
    Finsbury Foods
    Food Retailers
    Forterra
    Games Workshop
    Gateley
    Go Compare
    Goid
    Greene King
    GSK
    Hargreaves Services
    Hays
    Headlam
    Hedge Funds
    Hikma Pharmaceuticals
    Hill & Smith
    House Builders
    Howden
    HSBC
    IG Group
    IMI
    Imperial Tobacco
    Indivor
    Inflation
    Insurance
    Intermediate Capital
    Interserve
    Investec
    Investment Trusts
    It
    ITV
    James Halstead
    Jarvis Investment Management
    JLT
    Jupiter Fund Management
    KCOM
    Kingfisher
    Legal & General
    Lloyds Bank
    Luceco
    Macfarlane
    Maintel
    Man Group
    Market Timing Indicator
    Market Valuation
    Marston's
    Matchtec
    Media
    Merlin Entertainment
    Micro Focus
    Mining
    Mitie
    Miton Group
    Moenysupermarket
    Mondi
    Moneysupermaket.com
    Morgan Sindall
    Music
    National Grid
    N.Brown
    News
    Next
    Nichols
    Norcros
    Oil
    Page Group
    Paypoint
    Pennon
    Persimmon
    Personal Finance
    Pharmaceuticals
    Phoenix Group
    Photo Me
    Photo-Me
    Plus500
    Podcasts
    Polar Capital
    Politics
    Polymetal
    Portfolio
    Portmeirion
    Provident Financial
    PZC
    Qinetiq
    Ramsdens Holdings
    Rank Group
    Reckitt Benckiser
    Renewable Energy
    Renew Holdings
    Renishaw
    Research Papers
    Restaurant Group
    Retailers
    RIO
    RM Group
    Rolls Royce
    RPC
    RPS
    Safestore
    Sage
    Sainsburys
    Savills
    Schroders
    Scores
    SCS Group
    Sell Discipline
    Shareholder Yield
    Share Picks
    Short Interest
    Somero
    Spectris
    Sprue Aegis
    SSE
    Stock Spirits
    Strix Group
    S & U Plc
    Sureserve
    Sylvania Platinum
    TalkTalk
    Taptica
    Tax
    Technology
    Telecoms
    Tobacco
    Trading Ideas
    TSB
    TUI
    UK Market Update
    Ultra Electronics
    Unilever
    Utilitywise
    Value
    Victrex
    Vodafone
    VP.
    Water Utilities
    Watkins Jones
    WH Smiths
    William Hill
    Wynstay
    XL Media
    XP Power
    Yield
    Zytronic

    googleda4a17cac6d02bb9.html
    File Size: 0 kb
    File Type: html
    Download File

Powered by Create your own unique website with customizable templates.
  • Blog
  • Scores
    • Subscribers Scores Access
  • Portfolio
    • Table of Returns
  • Resources
    • Check list
  • About
  • Contact