Diary of a Private Investor

Three strikes in my portfolio and a great offer from Research Tree

Those 7am RNS announcements can be nerve racking until you have seen whether one of your holdings is announcing good or bad news. This morning I thought I had hit the jackpot when three of my holdings announced excellent news:

Bioventix (BVXP) announced final results today for the year ended 30th June 2016 – highlights:

– Revenue up 27% to GBP5.5 million
– Profit before tax up 35% to GBP4.2 million
– Cash up GBP1.25 million to GBP5.4 million
– Second interim dividend of 26p per share (2015: 21.6p)
– Special dividend of 20p per share

Wonderful!

Anglo Asian Mining (AAZ) announced a significant new gold discovery at its Gedabek license area. This discovery has the effect of extending the mine life which is excellent news, especially when coupled with a solid Q3 production update last week.

Zytronic (ZYT) provided a pre-close trading update for the year ended 30th September 2016. Despite a £900k drag due to foreign exchange hedging the company expects underlying profit to be significantly ahead of last year and at least in line with market expectations.

So all in all, that was a nice way to start my week, although the news has not been reflected in an appropriate rise in share price for any of these companies – as I write; BVXP is up only 0.9%, AAZ is up only 2% and ZYT is flat on the day. Ho-Hum!  I’ll take that as a buying opportunity then.

Research Tree
Regular readers will remember that I commented on the excellent service offered by Research Tree back in June this year but at that time, I felt their pricing was a little steep. Over the last few months they have added more brokers to their offering and last week announced they were reducing membership to just £25 per month. In my view, this now offers excellent value, allowing private investors access to an extensive range of broker research.

Happy investing folks!

 

Disclosure – At the time of writing, I hold a long position in BVXP, AAZ and ZYT. I am also a subscriber to the Research Tree service. 

Share Button

, , , , , , , , , ,