Happy New Year. This is a good time of year to look at how my share purchases are performing. The tables below show the results (so far) of 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 made three, four or five years ago.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
Without the need to do any sophisticated statistical analysis I think you’ll find the shares I selected have outperformed the general market by a significant degree, on average.
(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 NCAV portfolio
Company | Purchase date | Purchase price | Divs to 31 Dec 2019 | Price 31 Dec 2019 | Return to 31 Dec 2019 | ||||
French Con. | 25.7.13 | £0.3047 | zero | Sold July 2015 £0.4378 | 44% | ||||
Caledonian T | 25.7.13 | £0.70 | zero | £1.70 | 143% | ||||
Fletcher King | 6.8.13 | £0.30 | 14.25p | Sold June 2016 for 46p | 101% | ||||
Northamber | 22.8.13 | £0.287 | 1.6p | Sold Oct 2016 £0.303 | 11% | ||||
Titon | 5.9.13 | £0.379 | 6.5p | Sold May 2016 £1.06 | 197% | ||||
Mallett | 12.11.13 | £0.7682 | 12.7p | Sold Nov 2014 £0.60 | -5% | ||||
AVERAGE | 82% |
The 2014 NCAV portfolio
Company | Purchase date | Purchase price | Divs to 31 Dec 2019 | Price 31 Dec 2019 | Return to 31 Dec 2019 | ||||
Holders Tech | 10.10.14 & 3.11.14 | £0.47 | 1p | Sold March 2017 £0.33 | -28% | ||||
Airea | 4.11.14 | £0.1195 | 0.9p | Sold Sept 2016 £0.309 | 166% | ||||
Northamber | 17.11.14 | £0.4265 | 0.7p | Sold Oct 2016 £0.303 | -27% | ||||
Caledonian T | 30.12.14 | £1.39 | zero | £1.70 | 22% | ||||
AVERAGE | 33% |
The 2015 NCAV portfolio
Company | Purchase date | Purchase price | Divs to 31 Dec 2019 | Price 31 Dec 2019 | Return to 31 Dec 2019 | ||||
PV Crystalox | 15.1.15 | £0.122 | zero | Sold Dec 2016 £0.237 | 94% | ||||
Arden Partners | 1.9.15 | £0.422 | 1p | Sold May 2018 £0.364 | -11% | ||||
Northamber | 4.9.15 | £0.443 | 0.4p | Sold Dec 2016 £0.303 | -31% | ||||
AVERAGE | 17% |
The Buffett-style portfolio
This type of share is rarer than the others, and so I will combine all years.
Company | Purchase date | Purchase price | Divs to 31 Dec 2019 | Price 31 Dec 2019 | Return to 31 Dec 2019 | ||||
Dewhurst | 9.4.14 | £3.18 | 61.25p | £7.70 | 161% | ||||
MS International | 9.10.19 | £1.723 | zero | £1.72 | 0 | ||||
AVERAGE | 80% |
(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).
Modified price earnings ratio portfolio 2015/16
Company | Purchase date | Purchase price | Divs to 31 Dec 2019 | Price 31 Dec 2019 | Return to 31 Dec 2019 | ||||
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 | 32.5p | £1.72 | 10% | ||||
BHP Billiton | 24.9.15 | £10.43 | 127p | Sold May 2018 £16.90 | 74% | ||||
TClarke | 5.11.15 | £0.7916 | 13.61p | £1.35 | 88% | ||||
Premier Farnell | 8.4.16 | £1.222 | 3.6p | Taken over 20.6.16 £1.632 | 36% | ||||
AVERAGE | 68% |
The AGA holding was doubled 30 April at a price of £0.9466.
Modified price earnings ratio
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