My 2012 Stock Picks: Post Mortem

Monday, Dec 24 2012 by
4

Over on John Kingham’s site, I made a selection of shares for 2012. Let’s see what happened:

  • ASX – All-Share Index: +12.5%
  • MCX – FTSE 250: +26.1%
  • UKX – Footsie: +10.3%

Making comparisons is going to be awkward, because what there was a very big divergence between the indices. The MCX flew away, but the ASX lagged, weighed down by the relative sluggishness of the Footsie. So, should my base comparison be the ASX – because after all I’m trying to beat the “universe” of stocks – or do I bewail my performance for lagging the MCX, from which many of my ideas were drawn?

Afferro Mining Inc (LON:AFF): +23.1% I said that there was huge upside on this one, as you received the market cap in cash, and got the resources for free. Good call on my part, although it was far from a smooth ride for investors.

BLSA – Blacks Leisure (short position): -100.0% I said there was a high probability of going bankrupt, and this was indeed the case. It went bankrupt in mid-January, so you wouldn’t have had long to wait. To be honest, this one was like shooting fish in a barrel, because the directors had already warned that there’d be trouble. Some BLSA stores was taken over by JD Sports for peanuts. JD. reports that the stores are performing well, so it looks like the management have, once again, repeated their basic template of buying out inefficient bankrupt niche retailers and breathing new life into them. JD shareholders (which includes me) are going to be happy with this purchase. If you’re looking for a similar short for 2013: HIBU. HMV looks pretty bad, too, but not quite the “sure thing” of HIBU.

Domino Printing Sciences (LON:DNO): +18.2%. I reckoned it was a good quality company at a reasonable price, but for which I wasn’t expecting

Dechra Pharmaceuticals (LON:DPH): +23.1% A nice little GARP stock that pretty much did exactly what I expected it to. Would make a decent selection for this year.

WM Morrison Supermarkets P L C (LON:MRW): -16.5% Well, go figure. It was reasonably priced at the beginning of the year, and became cheaper. The fall…

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Afferro Mining Inc. is a mineral exploration and development stage company. The Company is focused on iron ore projects in Cameroon. The Company has four mineral exploration projects in Cameroon, including the Nkout Iron Ore Project (Nkout Project). The other iron ore projects in the Company’s portfolio are Ntem and Akonolinga, both are 100% owned by the Company, and Ngoa, which is 70% owned by the Company. The Ntem project covers an area of 245 square kilometer. The Akonolinga project covers an area of 241 square kilometer. The Ngoa project covers an area of 252 square kilometer. more »

Share Price (LSE)
n/a
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Domino Printing Sciences plc is a United Kingdom-based company, which is engaged in the manufacturing of coding and marking, and digital printing solutions. The Company's products include laser products, print and apply label machines, ink jet printers, fume extractors, digital label presses and ink jet products. It caters to various sectors, such as food and beverages, pharmaceutical and healthcare, printing, industrial, electronic components, construction and chemicals, and others. The Company's products include the A-Series (Inkjet), D-Series (Laser), V-Series (thermal transfer overprinting), G-Series (thermal inkjet), C-Series (valve jet) and M-Series (print and apply labelling). The Company operates across three regions: Americas, which include the United States, Canada and Mexico; Europe, which includes the United Kingdom, France, Spain, Germany, Sweden, Switzerland, The Netherlands, Portugal and Belgium, and Rest of World, which includes China, Korea, Singapore and India. more »

Share Price (LSE)
915p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Wm Morrison Supermarkets PLC is a United Kingdom-based supermarket group. The Company is a fresh food manufacturer in the United Kingdom. The Company owns, operates and controls its fresh food supply chain. The Company's Market Street stores include butchers, fishmongers, bakery, cake shops, greengrocers, delis, oven fresh products, Fresh to Go products, flower shops and cafes. The Company also offers clothing for children, baby and adults. The Company offers lifestyle products, such as Let's Grow products, entertainment products, such as games, films and television shows, the Morrisons magazine, dry cleaning services, petrol filling stations, pharmacies, facilities for shoppers with disabilities, photo printing services and recycling services. The Company markets its products under the Morrisons brand. The Company operates around seven regional distribution centers and one national center servicing its supermarkets, and three convenience distribution centers. more »

Share Price (Full)
175p
Change
2.6%
Mkt Cap (£m)
4,087
P/E (fwd)
16.2
Yield (fwd)
3.2



  Is Afferro Mining Inc fundamentally strong or weak? Find out More »


1 Comment on this Article show/hide all

Mark Carter 24th Dec '12 1 of 1
1

Just to clarify my thoughts on HIBU: it has little in the way of realisable assets. It has crushing debt, but postiive operational cashflow. I see the most likely scenario as being that HIBU will continue trading, at least in the short term, but with current equity holders actually, or effectively, wiped out in a debt-for-equity swap.

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About Mark Carter

Mark Carter

I am a private investor living in Scotland. I am a computer programmer by trade.

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