09 JULY 2021
Richard has doubled his money on a rolling twelve-month basis to July 2021. Here, he gives his views on the markets, the economy, and where he sees opportunities. He is positive on global equities, with caveats. He saw August 2020 as the start of the business recovery, which he believes is still on course. He cautions to keep an eye on PMI/ISM data to see the continued growth. He’s bullish on industrial cyclicals due to government fiscal spending, citing Kier. Essentially, he’s looking for companies with pricing power, strong brands and structural drivers. Richard runs a concentrated portfolio of just 16 stocks, here he expands on some of his holdings and why he feels these investments will profit in the current environment.
You should assume Richard owns any shares he talks about so, of course DO YOUR OWN RESEARCH if they are of interest to you.
00:50 Richards performance year to date
01:25 Reach (LON:RCH)
02:00 The markets and economic background.
10:25 Reach (LON:RCH)
14:18 Polar Capital Holdings (LON:POLR)
15:57 Redde Northgate (LON:REDD)
16:35 Up Global Sourcing Holdings (LON:UPGS)
17:05 Macfarlane (LON:MACF)
17:20 Synthomer (LON:SYNT)
18:00 Wickes (LON:WIX)
18:25 Novacyt Sa (LON:NCYT)
23:51 Made.com (LON:MADE)
32:19 Devro (LON:DVO)
39:22 National World (LON:NWOR)
49:55 The government bond market
PIWORLD videos are for information, education and interest only. They do not constitute any kind of recommendation to buy a share in any company mentioned, do your own research.
Richard’s background in his own words:
My interest in the London stock market came about in the early 80’s – working over the summer holidays whilst at college, as a post boy – leading to being somewhat of a gofer for a man called Zimmerman, who help build Mercury Asset Management in the 1980s. The taste of the moving parts of the City gave me my first real joy of City life – and I loved it.
1986 – joined Lazard Brothers (via the back door) as a Trust Accountant, valuing and doing the daily book-keeping for investment trusts/unit trusts. Had my chance to move to the front office in 1988 as an assistant fund manager on the bond the international desks. Met my first real…
