Name: Sticky UK inflation and the difficulties in reading the trajectory of the UK economy.
Uploaded: 2023-05-09T14:40:02.748594+00:00
Duration: 1465 s
Channel: Vox Markets
Description: Sticky UK inflation and the difficulties in reading the trajectory of the UK economy.

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/005/870/005870/video_X6AvElB.mp4#t=390

Vox Markets

Sticky UK inflation and the difficulties in reading the trajectory of the UK economy.

An update on the portfolio’s performance in April.

A disappointing performance from IG Design (IGR) despite signs of improvement at the company.

A good performance from Polar Capital Holdings (POLR) and the attractions of the specialist investment management sector.

Worries in the banking sector that held the market back in April after a strong recovery since April.

The rationale behind the addition of kitchen-maker Howden Joinery (HWDN) to the portfolio, including a lower valuation than historically and continued strong cash generation.

The screening process for identifying potential new investment opportunities.

Discussing the second purchase of the month, Brooks Macdonald (BRK).

The compression of rating, which has reduced the valuation differential between high and low-quality companies.

How the portfolio has been rejigged to make way for new purchases, including reducing exposure to Sylvania Platinum (SLP) .

What’s going on at Gulf Keystone Petroleum (GKP)?

What’s on the watchlist – Card Factory (CARD), Marks & Spencer (MKS)

The cheapness of the UK market, and UK-listed companies being taken out by PE and trade buyers.

It was two steps forward and two back for top private investor John Rosier in April, as he turned his attention to seeking out quality companies that have can now be bought on much lower ratings.

Vox catches up with top private investor John Rosier to see how his portfolio fared in a tricky April, and how he’s been taking advantage of valuation compression to add more quality to his investment mix at much cheaper prices. 

You can read John’s Investment Chronicle in full by visiting https://www.jicuk.com/jic-portfolio and signing up for a two-week free trial.
0:45 An update on the portfolio’s performance in April.
1:15 A disappointing performance from IG Design (IGR) despite signs of improvement at the company.
2:30 A good performance from Polar Capital Holdings (POLR) and the attractions of the specialist investment management sector.
5:11 Worries in the banking sector that held the market back in April after a strong recovery since April.
6:30 Sticky UK inflation and the difficulties in reading the trajectory of the UK economy. 
8:08 The rationale behind the addition of kitchen-maker Howden Joinery (HWDN) to the portfolio, including a lower valuation than historically and continued strong cash generation. 
11:19 The screening process for identifying potential new investment opportunities. 
13:32 Discussing the second purchase of the month, Brooks Macdonald (BRK).
15:44 The compression of rating, which has reduced the valuation differential between high and low-quality companies. 
17:15 How the portfolio has been rejigged to make way for new purchases, including reducing exposure to Sylvania Platinum (SLP) . 
18:11 What’s going on at Gulf Keystone Petroleum (GKP)?
20:02 What’s on the watchlist – Card Factory (CARD), Marks & Spencer (MKS)
21:32 The cheapness of the UK market, and UK-listed companies being taken out by PE and trade buyers.

It was two steps forward and two back for top private investor John Rosier in April, as he turned his attention to seeking out quality companies that have can now be bought on much lower ratings.Vox catches up with top private investor John Rosier to see how his portfolio fared in a tricky April, and how he’s been taking advantage of valuation compression to add more quality to his investment mix at much cheaper prices. You can read John’s Investment Chronicle in full by visiting <a href="https://www.jicuk.com/jic-portfolio" rel="noopener noreferrer" target="_blank">https://www.jicuk.com/jic-portfolio</a> and signing up for a two-week free trial. 0:45 An update on the portfolio’s performance in April. 1:15 A disappointing performance from IG Design (IGR) despite signs of improvement at the company. 2:30 A good performance from Polar Capital Holdings (POLR) and the attractions of the specialist investment management sector. 5:11 Worries in the banking sector that held the market back in April after a strong recovery since April. 6:30 Sticky UK inflation and the difficulties in reading the trajectory of the UK economy. 8:08 The rationale behind the addition of kitchen-maker Howden Joinery (HWDN) to the portfolio, including a lower valuation than historically and continued strong cash generation. 11:19 The screening process for identifying potential new investment opportunities. 13:32 Discussing the second purchase of the month, Brooks Macdonald (BRK). 15:44 The compression of rating, which has reduced the valuation differential between high and low-quality companies. 17:15 How the portfolio has been rejigged to make way for new purchases, including reducing exposure to Sylvania Platinum (SLP) . 18:11 What’s going on at Gulf Keystone Petroleum (GKP)? 20:02 What’s on the watchlist – Card Factory (CARD), Marks &amp; Spencer (MKS) 21:32 The cheapness of the UK market, and UK-listed companies being taken out by PE and trade buyers.

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/005/870/005870/video_X6AvElB.mp4