Seems a lot of shares have sold off again today.
I have taken these depressed times to add and buy a few more shares in different companies.
These are my buys over the last two days:
Marks Electrical (LON:MRK) - added a small amount here to double my holdings. Still a small position I hold. I don’t know where the bottom may be so holding back cash for more buying if it continues to drop. CFO has just bought £20k worth, not huge amount but he is reasonable young an I would not expect him to have loads of spare cash
Verici Dx (LON:VRCI) - this is a very interning company in the health sector. Taken a big knock in the Sp this year and investors seem to miss understand this company. It is a little hard to explain but Paul Hill explains and talks about this recently on VOX. Defiantly worth a watch. The basic gist of this is it test patients that have had a kidney transplant for how well the transplant is accepted or rejected by the bodies immune system. Currently tests for this are based on after the event has happened where as Vrci tests are proactive enabling patients to be treated before any rejection happens. Currently transplants are around 40-50% rejected by the body, so if this can be detected earlier then the correct medicine can be given which will increase the chance of acceptance massively.
STM (LON:STM) - great dividend payer at current price of 24p. I don’t expect a huge return here but maybe up to 40p in time. It is profit making and has more cash than the market cap.
Saietta (LON:SED) - ipo last year at I think about 120p. It rose to about 300p before falling back to its current price of 150p. Not profit making atm but forecasts revenues to massively increase in the next two years. It produces electric motors for boats and recently bought a production warehouse in Sunderland for a bargain in a depressed sale. This has the potential of being a multi bagger.
Michelmersh Brick Holdings (LON:MBH) - producer of bricks for house building. Profit making, cash positive, forecasts to grow, dividend paying, eps to grow and looks good on the charts as bottom of…
