Name: Private Investor Diary: Taking advantage of cheap quality
Uploaded: 2023-05-09T14:40:02.748594+00:00
Duration: 1465 s
Channel: Vox Markets

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.

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

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.