Francis

In descending order of position size, ie. SPSY my largest holding

Folio @ 10.01.24: SPSY TPFG RNOSQZ CAPD ANP BUR OTB SNWS WPS PCIP HSP AVAP MEGP GFRD GETB JNEO AEO LUCE STB VLX GMR FIN OCI LIT ECEL SPA DGI9 PIN TM17 HVPE IGR IPX MACF VTU RWS FOUR OMG GMS PPH CRL CNC ULTP AGFX LIKE NWF TRCS DUKE GCP TPX CHRY REC CLI DIAL PMI GSF BVXP SEIT HTG GABI TTG RCDO SDI

Hopefully by the end of 2024 the ridiculous #EQLS saga will be over, one way or the other. I cannot fathom how a broup of private equity bros have managed to string out bidding for such a small business for so long, nor why management didn't tell them to go swivel 6 months ago.

Since last update, I have:
Bought: #REC , #BVXP , #DUKE
Added: #SQZ , #FIN , #DIAL
Reduced: #LIT
Sold: #LTG (on the confirmed offer)

I am in the process of rotating into higher-yielding stocks. My aim by the end of 2025 is to have a portfolio rolling yield of >5%. Current rolling yield (per Sharescope) is 2.71% (although I think ~3% in reality)

Year to date: +7.75%
Rolling 12m: +14.5%
Rolling 24m: +29.6%

Portfolio as at 07/12/2024: SPSY EQLS TPFG RNO CAPD SQZ BUR OTB ANP MEGPWPS GETB GFRD HSP AVAP PCIP AEO LUCE SNWS STB LIT VLX GMR JNEO ECEL PIN SPA OCI MACF HVPE VTU TM17 IGR OMG DGI9 CRL FIN RWS PPH FOUR CUC ULTP TRCS REC AGFX LIKE GCP TPX CLI DUKE DIAL CHRY BVXP GSF SEIT TTG GABI SDI

Having some landscaping work done at the moment. So far they have managed to make the garden resemble a scene from the Battle of the Somme.

Dulce et decorum est, pro gardenia mori

We've heard today that employer's NIC is being hiked by 2%. CGT on shares will also rise - probably to 24% to align with the rate on second homes.

I predict that AIM shares will retain their IHT protection, and so anticipate something of a rush back into quality AIM late next week.

Behind the scenes I have been moving dividend-payers into my SIPP and ISA, and non-yielders into my general account. Now at the point where virtually all yield is in tax-free accounts.

Portfolio annual yield per SharePad = 2.85%

Incurring lots of dealing commissions, but not sure how much value I am adding to my own portfolio rather than just lining the pockets of brokers and market-makers!

Significant changes since last post:

Sold: #PPET, #VLE, #TND, #PEBB, #ADF, #NXR, #SDG

Reduced: #GFRD

Bought: #FOUR (direct switch of #PEBB)

Added: #ANP, #SQZ, #JNEO, #IGR, #GSF, #CLS, #OMG, #OTB, #SEIT, #TRCS, #SPA, #DGI9, #RWS

Performance stats:

Year to date: +7.15%
Rolling 12m: +27.5%
Rolling 24m: +34.0%

Not having a good year so far!

Portfolio as at 25/10/2024: SPSY EQLS TPFG RNO CAPD STB SQZ BUR MEGP ANP WPS AVAP LIT GETB GFRD LUCE HSP OTB VLX PCIP AEO SNWS ECEL JNEO OCI GMR SPA PIN VTU MACF TM17 HVPE IGR GDI9 LTG ULTP OMG FOUR RWS CRL PPH TRCS FIN CLI AGFX GCP CNC GSF LIKE SEIT CHRY DIAL TPX GABI GMS RCDO TTG SDI

I also trimmed my holding in #TPFG (got pretty large post-merger with BLV), and reinvested the proceeds into #SPSY following inexplicable recent weakness in the share price, and #WPS to boost my position in this very under-valued (and little discussed by #fintwit) business

I also added some #ADF following the recently announced acquisition, which sounds very positive if the acquired business performs as forecast. Slight 🤔 as to why management halved their holdings @ 50p if it’s all looking so rosy, hence my continued caution as to position size.

Recycled some of the proceeds into a ew pilot position in #CHRY. Chrysalis NAV ballooned during the post-vaccine bubble, and since crashes back to earth, with the discount widening from c.0% to around 44% currently. Recent tweets by @feynzz re CHRY got me interested in this fund

I’ve recently halved my position in #PPET, after a strong run up this year and a narrowing of the discount to ~24%. That’s significantly tighter than a number of other high quality PE investment trusts, and not entirely justified IMO by the fairly static NAV of the fund over the last 12 months

Performance stats:

Year to date: +11.1%
Rolling 12m: +29.2%
Rolling 24m: +32.0%

One of the benefits of bluesky is that my large number positions fits in a single tweet (or whatever the nomenclature is for bluesky - cloud?)

Folio as at 28/8/24: SPSY EQLS TPFG RNO STB CAPD BUR SQZ GETB GFRC HSP LUCE MEGP VLX LIT AEO WPS PCIP OTB GMR AVAP SNWS ANP OCI TM17 IGR VTU PIN JNEO MACF HVPE ECEL SPA ULTP PEBB OMG PPH FIN PPET LTG CRL ADF AGFX SDG RWS GCP LIKE CNC TRCS TPX VLE DGI9 NXR TTG CHRY DIAL GABI GSF RCDO SDI GMS TND APTA

Frustrated by the lack of a proper bsky iPad app? Take a look at Skeets for Bluesky.
My initial impressions are good.
To log in you must use an App Password generated from the Settings (cog) - Advanced section of the “full” web version, I can’t see a way to do it from their official bsky app.

Portfolio as at 9/8/24: SPSY EQLS TPFG RNO STB CAPD BUR SQZ GFRD GETB HSP MEGP LUCE LIT PCIP AEO VLX GMR AVAP ANP SNWS TM17 OTB PPET WPS OCI IGR MACF VTU PIN ECEL HVPE JNEO SPA OMG ULTP PEBB PPH LTG AGFX CRL SDG FIN LIKE GCP TPX CNC RWS VLE ADF TRCS DGI9 NXR DIAL GABI TTG GSF GMS TND