Diary of a Private Investor

BVXP

Share Watch – SPSY, BVXP, Q1 Review

There were two pieces of meaningful company news in my universe this week – full year results from Spectra Systems (SPSY) and interim results from Bioventix (BVXP). Additionally, I shall provide a brief review of an uninspiring first quarter for my portfolio (PFAS).     Spectra Systems (SPSY) – Final Results Solid full year results from […]

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Share Watch – AAZ plus Portfolio Commentary

Happy Friday everyone! It has been a third successive week of slow news flow in my investment universe which I regard mainly as a good thing (bad for writing material but good from an investment and leisure perspective). Courtesy of Hardman & Co (and with thanks to John Rosier for making the introduction), I had […]

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Share Watch -CAKE, IQE, KAPE, BVXP, XPP, CLIG, IPX, AAZ, SOM, GAW, VCT, XPP, IPX

Happy Friday everyone or perhaps this week, “TFI Friday” is a more appropriate greeting. What a week it has been and I am mindful that many of you reading this article will be feeling battered and bruised after the market sell-off this week. From my perspective, even though I have lost money on paper just […]

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The Risks of Outperformance

The third quarter of 2018 has been an excellent one for my portfolio (PFAS) or so it would appear from the headline figures versus benchmark. The folio grew by 11.25% in the quarter (+19.75% YTD) compared to the closest benchmark, Fundsmith Equity, growing by 5.64% (+13.01% YTD) which both look impressive when compared to the […]

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Hiding in Plain Sight

It has been rather refreshing to take a break from the markets for much of August. In between family time, days out void of connectivity (yes, it is still possible to escape the modern world, if only for a few hours) and too many pub lunches, I have been doing a lot of reading and […]

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A year of two halves

With the FIFA World Cup in full flow it seemed appropriate to corrupt a football cliché in search of a heading for this article. Friday evening on Twitter I reported that the last week of June had been horrible, rounding off a poor month and an OK quarter. I was probably a little harsh on […]

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Winter is Coming

I am fortunate to have spent much of September holidaying in the Caribbean (remember that frivolous spending fund?) where my holiday reading was Game of Thrones. Virtually every chapter includes speculation from one of the characters that “Winter is Coming”. Well, I’ve just finished the second book and this dreaded winter has still not arrived. […]

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Let the madness begin!

The kids go back to school, the grown-ups go back to work and first half results season all begin in earnest next week. On an individual stock level I am happy with the positioning of my largest holdings and on a portfolio level I am broadly happy with the balance and diversification (there is clear […]

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