When Covid first struck I took a cautious approach, turning many of my investments into cash. Then the massive fiscal, monetary and, later, the vaccine stimuli came to the fore and I turned buyer. Here is a list of all the shares I’ve bought and written about on ADVFN in the Covid period. I’ve been fortunate.
Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.212021 Connect (Smiths News)18.3.20 £0.151 zero £0.365 142% Character 5.6.20 £2.52 5p £4.50 81% McCarthy & Stone 1.10.20 £0.718 0 Sold 7.12.20 £1.185 65% Cap|Co 6.11.20 £1.032 0 £1.714 66% Dewhurst “A” 11.11.20 £5.94 9.25p £7.00 19% MS International 16.12.20 £1.292 1.75p £1.60 25% Wynnstay 29.12.20 £3.405 zero £4.80 41% Lloyds Bank 12.3.21 £0.4169 zero £0.427 2% J Smart 18.3.21 & 24.3.21 £1.253 zero £1.22 -3%Longer run performance Almost eight years ago that I left a tenured professorship to concentrate on investment. Back then the FTSE 100 was around 6,600. It is now 6,900 – a slow rise but there have been dividends of around 3-4% per year. I believe the numbers in the tables below show that I have outperformed, which is quite a relief given the salary and security sacrifice I made almost eight years ago. The tables show the results (so far) of all the shares bought for the portfolios I’ve been writing about in my Newsletters. The comments I made at the time explaining the rationale for each investment are available for you to read in older newsletters - there is nowhere for me to hide from my appraisals I made three, four or seven years ago – all the errors of omission and commission are there in broad daylight. I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread. (Some of you have joined us recently so, in case you are not familiar with them, I briefly describe the criteria for my portfolios following the portfolio performance tables.) The 2013 Net Current Asset Value, NCAV, portfolio Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.21 French Con.25.7.13 £0.3047 zero Sold July15 £0.4378 44% Caledonian T 25.7.13 £0.70 zero Sold April20 £1.391 99% Fletcher King 6.8.13 £0.30 14.25p Sold June16 46p 101% Northamber 22.8.13 £0.287 1.6p Sold Oct16 £0.303 11% Titon 5.9.13 £0.379 6.5p Sold May16 £1.06 197% Mallett 12.11.13 £0.7682 12.7p Sold Nov14 £0.60 -5% AVERAGE 75%The 2014 NCAV portfolio Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.21 Holders Tech 10.10.14 & 3.11.14 £0.47 1p Sold Mar17 £0.33 -28% Airea 4.11.14 £0.1195 0.9p Sold Sept16 £0.309 166% Northamber 17.11.14 £0.4265 0.7p Sold Oct16 £0.303 -27% Caledonian T 30.12.14 £1.39 zero Sold April20 £1.391 0 AVERAGE 28%The 2015 NCAV portfolio Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.21 PV Crystalox 15.1.15 £0.122 zero Sold Dec16 £0.237 94% Arden Partners 1.9.15 £0.422 1p Sold May18 £0.364 -11% Northamber 4.9.15 £0.443 0.4p Sold Dec16 £0.303 -31% AVERAGE 17%The Buffett-style portfolio This type of share is rarer than the others, and so I combine all years. Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.21 Dewhurst 9.4.14 £3.18 70.5p Sold Feb20 £7.217 149% MS International 9.10.19 £1.723 5.25p £1.60 -4% Character 20.1.20 & 5.6.20 £2.811 13p £4.50 65% Dewhurst 11.11.20 £5.94 9.25p £7.00 19% MS International 16.12.20 £1.292 1.75p £1.60 25% AVERAGE 51%(I bought some more of Dewhurst in June 2014 at £3.11, December 2014 at £3.75, November 2017 at £5.46, February 2019 at £5.54 and April 2019 at £5.64.These were sold Feb 2020). Modified price earnings ratio portfolio 2015/16 Company Purchase date Purchase price Divs to 31.3.21 Price 31.3.21 Return to 31.3.21 Haynes 11.2.15 £1.159 33.5p Sold 2.10.19 £2.9175 181% AGA 11.3.15 £1.002 zero Taken over June 2015 £1.456 45% Hogg Robinson 10.4.15 £0.4709 2.37p Sold June 2016 £0.656 44% MS International 3.7.15 £1.86 37.75p £1.70 12% BHP Billiton 24.9.15 £10.43 127p Sold May 2018 £16.90 74% TClarke 5.11.15 £0.7916 13.61p Sold Feb 2020 £1.1215 59% Premier Farnell 8.4.16 £1.222 3.6p Taken over 20.6.16 £1.632 36% AVERAGE 64%The AGA holding was doubled 30 April 2015 at a price of £0.9466. Modified price earnings ratio portfolio 2017 CompanyPurchase.................To read more subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1
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Glen ArnoldI'm a full-time investor running my portfolio. I invest other people's money into the same shares I hold under the Managed Portfolio Service at Henry Spain. Each of my client's individual accounts is invested in roughly the same proportions as my "Model Portfolio" for which we charge 1.2% + VAT per year. If you would like to join us contact [email protected] investing is about making the right decisions, not many decisions.
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