Real Name: John Rosier
Occupation: Private Investor
Interests: Asian Markets, Commodities, Economics, Emerging Markets, European Markets, Geopolitics, International Stocks, Stocks, US Market
Fantasy Fund: JIC top 10
In September 1984, I left university with a degree in Zoology and started work in the City of London. Over the next twenty five years most of my time was spent managing UK equity portfolios with Fleming Investment Management and Henderson Global Investors, for company and local authority pension schemes as well as the reserve fund for a well known charity. During 2009 I left full time employment and decided to take time out to consider the next stage of my career. In the meantime I have been putting my years of experience to good use investing the family savings. I have thoroughly enjoyed the freedom of investing from home and despite some tricky periods during 2011 it has been a rewarding experience. In January 2012 I set up www.johnsinvestmentchronicle.com in which I record my trades and the reasoning behind them.
In summary: Growth at the right price with the emphasis on "the right price".
I invest mainly in UK stocks as that is where I have gained my experience. Where I do have overseas exposure it is generally through holdings in investment funds. I prefer Investment Trusts but also use Exchange Traded Funds. I focus on mid-sized companies The FTSE 250 is in my view, an excellent hunting ground for companies with good growth prospects and reasonable valuations. I invest in FTSE 100 companies when there is a compelling reason and also in smaller companies but usually with a market capitalisation cut-off of £50m. Small companies can be incredibly rewarding but they are also far more risky as the share price can move violently on little news and it can be difficult to get out when you need to. Most of my individual stock holdings are in UK companies but I also invest in Exchange Traded Funds in order to gain low cost exposure to overseas markets, commodities or precious metals. Occasionally I invest in Investment Trusts. I favour companies that are valued attractively relative to their rate of profit growth In general I invest in companies where the projected PE ratio is below 15x and the PEG Ratio, (PE Ratio divided by the growth in earnings) is below 1.5x. I tend to steer clear of companies with high levels of debt. I like investing in companies that are hitting new price highs I regularly screen for companies that have hit a new 12 month share price high and then try and understand why it is doing so. If I think I have worked it out, and it meets my other criteria, than it may well be worth an investment. I do not invest in companies where the share price is in free fall. I will wait for it to stabilise and recover somewhat before being tempted to investigate. When making an investment I always set a stop-loss My view, learned through bitter experience, is that you are best cutting losses quickly. Conversely you should let your winners run. As Warren Buffet said “cut out your weeds and water your flowers”! All too often we are tempted to do the opposite. We add to our losers as it reinforces our original decision to buy it: “I was right to buy it at 100p so I must be even more right to buy more at 85p, after all it’s cheaper. Oh, and I will fund my purchase by selling some of my holding in another stock which is doing really well!” My view is that one should sell and move on – it saves a lot of emotional heart ache as well as money.
On 1st January 2012 I set up the JIC portfolio with £151,110 cash.Under "Transactions" you can see how it has been invested, "Portfolio" shows the current portfolio and my approach to investing is described under "About Me". A history of all my postings can be found under "Company Blogs". Most importantly, this is not a "tip sheet" where disasters are forgotten and successes trumpeted. The portfolio is there for all to see: warts and all.
Web Address: http://www.johnsinvestmentchronicle.com
54 Brodrick Road
Fox Marble (22p and 2.0% of JIC portfolio). I have just bought a holding in Fox Marble (FOX). It is listed on the AIM market and has a market capitalisation of £24m. The Chief Executive, Chris Gilbert and Managing Director, Etrur Albani (holds both a Kosovan and British passport) each own just under 17% of the company. It has an impressive Board; it is chaired…
Crawshaw Group (13p and 1.0% of JIC) I attended a presentation on Monday night by Richard Rose the Non-Executive Chairman of an interesting small company called Crawshaws. First a bit about Rose. He has had a very successful corporate career and has a tremendous record of creating shareholder value. You only have to look at the two other quoted companies where he is chairman; Booker…
A lot of chat yesterday in Stockopedia on the “market cycle” and some putting forward the view that the market is overstretched and due a pull back. In my view trying to time the top of the market, and indeed the bottom, is extremely difficult and the energy expended would be better spent on researching underlying stocks. My approach is not to try and hit…
Anglo Pacific (224p and 3% of JIC) Long term readers of JIC will remember that I had a holding in Anglo Pacific during 2012 before cutting the position in August last year at 226p. I have today reintroduced the stock into the portfolio at almost exactly the same price! This is what I wrote when I first purchased the holding; 15th February 2012Anglo Pacific Group,…
Lamprell (152p and 3% of JIC Portfolio) I have today bought a new holding in Lamprell. Early adopters of the JohnsInvestmentChronicle website will remember that I held this stock back in 2012 but got out, by the skin of my teeth, just before a profits warning which was the start of a pretty terrible six months or so for the Company. Simply, it got into…
easyJet(1562p and 4.0% of JIC). I have this morning increased my holding back up to 4%. Clearly my decision to cut my holding back to 2% on 8th November was a mistake. As one of my readers pointed out at the time, I was a little too quick to pull the trigger, worrying that it was breaking down through the 200 day moving average. The…
Thanks for that. It is always good to have your investments questioned and to make sure one hasn't got blinkers on. I will follow up with the Company as well. John
These tree aren't bad either! http://hortonworks.com/partner/fusionex/http://www.apicta2013.com/?page_id=415https://trade.mytrack.com/mobile/news.asp?go=getStory&symbol=MSFT&storyNum=110147&storyDate=12230 I would make the point that when Panmure's brought it to market Teh forgot to sell any of his shares. Teh still owns 51% and hasn't sold any on listing or subsequently! JR
I guess they could have made this up as well! http://www.youtube.com/watch?v=WE8wN2DwuAU&feature=c4-overview&list=UUlvA6Qn7vHK06dCzFev-pNQ John
Hi Cig, http://uk.prweb.com/releases/MicrosoftPartnerOfTheYear/BIAward-CountryAward/prweb10902036.htm That looks pretty good to me!