GLEN ARNOLD INVESTMENTS
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How my shares performed through the Covid year

9/4/2021

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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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    Prof. Glen Arnold

    I'm a full-time investor running my portfolio from peaceful Leicestershire countryside. I also happen to be UK´s best selling investment book author and a Financial Times Best selling author.

    Originally, I wrote all my ideas out in full on this website. Now that ADVFN publish them they are entitled to display the full version for six months – you can see them here. Thus can I only post the first few paragraphs here for anything younger than six months.

    I write 2 to 3 newsletters per week - investing is about making the right decisions, not many decisions.

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  • About
  • Newsletter
  • Books
    • My Books
    • Other Books
  • Blog
  • Portfolio
    • Buffett-style
    • Modified price earnings ratio
    • Net Current Asset Value
  • Resources
    • glossary of investment terms >
      • A - B
      • C
      • D - E
      • F - G
      • H - I - J - K
      • L - M - N
      • O - P
      • Q - R
      • S
      • T - U - V - W - Y - Z
    • TOP 10 TIPS FOR INVESTORS