I'm kicking things off today, but Paul will probably be along later with a few thoughts of his own.
Also, please note that yesterday's report now covers 10 stocks, thank to a huge contribution by Paul, including late updates. The report now includes:
Brady (LON:BRY), Craneware (LON:CRW), Distil (LON:DIS), dotDigital (LON:DOTD) Elegant Hotels (LON:EHG), Games Workshop (LON:GAW), Greggs (LON:GRG), Hotel Chocolat (LON:HOTC), Johnston Press (LON:JPR), Miton (LON:MGR).
Share price: 1616p (+1.4%)
No. shares: 440m
Market cap: £7,000m
(At the time of writing, I holding a long position in BRBY.)
Though it is not a small-cap, I think it would be remiss of me not to mention Burberry. This is a stock I've previously owned and purchased on behalf of clients, and is currently a substantial (nearly 20%) part of my portfolio. (I don't recommend that others run such a concentrated portfolio as this.)
I had a poor year in 2016, partly due to some heavy GBP exposure in my companies, but it would have been much worse without Burberry, which produced a total return of 45%.
Look at the Q3 result: revenue is up 4% underlying, but 22% at reported FX.
I really think it's a shame that currency issues have to wreak such havoc on the international financial system, but it's not a problem I'm going to be able to fix. I just need to be more careful with it.
Anyway, I'm pretty happy with these results. China, a country with which I…
Disclaimer:All my own views. I am not regulated by the FSA. No advice.