Good evening!
I'm finally back in the UK, after a very pleasant 3-hour Easyjet flight back from Corfu to Gatwick today. I always feel exhausted after flying - apparently it's due to the lower oxygen content of the air on planes. A notable difference was a flight earlier this year on a 787 Dreamliner plane - which the cabin crew told me was due to it having much better air supply.
Yesterday was fairly chaotic for various reasons, and there was so much going on in my personal portfolio, that I found it impossible to concentrate properly during the day. So I wrote most of yesterday's report in the evening - adding new sections on;
Interquest (LON:ITQ) - not so good H1 results, but had already warned on profits. Could be a potential recovery share, maybe?
Kainos (LON:KNOS) - looks a very good company, with a terrific track record of organic growth.
G4M - this one has really caught my eye, and I've increased my existing long position in it. The reason is a very strong H1 trading update - with sales growth (all organic) at a remarkable +73%.
It's an online retailer of musical equipment, and is growing rapidly (from a low base) into new markets in Europe. It's low margin though, but the rapid growth is likely to attract a premium rating in my view. So I see considerable upside in this share, if the market remains so bullish on rapid growth online retailers. It's difficult to trade in though, as 79% of shares are owned by >3% holders, mainly management.
Here is the link to my full report yesterday.
Clarification on Fundamantal Asset Management Ltd
I accidentally caused a furore this week, by referring to my activities where I have worked with FAM in the last 3 years on a small, experimental project which we called the Small Cap Value Portfolio service. This had nothing to do with their core activities, where the firm is a specialist IHT planning portfolio service provider - and very good at it too, with an excellent long-term track record.
I have no hesitation in recommending FAM to readers - indeed, I think that the IHT exemption for some AIM shares held over 2 years is a remarkable tax break, that more people should take advantage of. What better way of…
