June 2019 Portfolio Update

Monday, Jul 01 2019 by

For quite a while it seemed that June would be a quiet month. It turns out that two major profit warnings, from Somero and Craneware, takes quite the shine off of things. Neither of these were events that I thought likely given their track record of solid trading during positive economic conditions. Just goes to show why diversification is so important. Curiously both of these warnings stemmed from difficulties in North America and maybe this is the start of a trend? A joke obviously but it wouldn't be the first time that a conclusion has been extracted from two data points. Hopefully July will prove much less exciting, as the financial markets start winding down for the summer, and I'll be able to relax in the sunshine.


K3 Capital Bought at 127p - June 19

As mentioned below I doubled my holding here on the morning of their positive trading update. The driver for me was that trading appeared to have stabilised and that, for now, there remains the potential for a hefty rebound in 2020. This must rely on a number of the large deals completing in the year but if the board can't manage to get a few of these over the line then the whole expansionary business model must come under suspicion. It's nice to see that a few directors have followed me in increasing their holdings and we've all done well with the share price bouncing 90% in the three weeks following the update!

NewRiver Retail Bought at 195p - June 19

According to their recent results NRR have an EPRA NAV of 261p and an annual dividend of 21.6p which they intend to maintain while working to improve the dividend cover from 84% of UFFO. With the NAV falling by 10%, mostly as a result of the portfolio valuation falling by 6.4%, the share price has been weak of late. In addition Neil Woodford has (or had) a large holding here and has been steadily liquidating. In consequence the share price has fallen from recent highs of ~250p down to below 200p. When the price fell to 216p, giving a yield of 10%, I almost bought but held off due to the Woodford issue. However when it fell below 196.4p, implying an 11% yield, I decided that this was a fair point to top up and unsurprisingly there was plenty of liquidity on offer!…

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way


As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.

Do you like this Post?
32 thumbs up
0 thumbs down
Share this post with friends

K3 Capital Group Plc, along with its trading subsidiaries, Knightsbridge, KBS Corporate and KBS Corporate Finance, are a group of business and company sales specialists across business transfer, business brokerage and corporate finance, serving owners across the United Kingdom in the small cap marketplace. The services provided by the Company include the presentation of their clients' businesses for sale to market, the sourcing of potential acquirers and project management of transactions to completion. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company specializes in buying, managing, developing and recycling community-focused retail and leisure assets. The Company’s operations are organized into two segments, being investment in retail property and in pubs. The retail investments comprise shopping centres, retail warehouses and high street stores. The pub investments consist of over 650 community public houses. The Company owns or manages a portfolio of approximately 34 shopping centers and 19 retail parks with retail and mixed-use development opportunities and a range of high street retail assets. The portfolio totals approximately nine million square feet. The Company is focused on convenience-led retail assets that cater for everyday household spending needs. The Company operates Grays Shopping Centre, Hollywood Retail & Leisure Park, Hawthorn Leisure, and Star Pubs & Bars. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

Quartix Holdings plc is a United Kingdom-based supplier of vehicle tracking systems and services. The Company operates in designing, development and marketing of vehicle tracking devices and the provision of related data services segment. The Company offers subscription-based vehicle tracking systems, software and services in the United Kingdom. Its vehicle tracking systems incorporate instrumentation to identify and transmit location, speed and acceleration data to the Company on a real-time basis. Its vehicle tracking software system provides business critical reporting, and analysis of vehicle and driver data, including timesheets and other customer Key Performance Indicator (KPIs) to customers via any Internet-enabled device. The Company has an overseas branch in France and an overseas subsidiary in the United States. The Company's subsidiaries include Quartix Limited and Quartix Inc, which are engaged in the business of vehicle tracking. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

  Is LON:K3C fundamentally strong or weak? Find out More »

Please subscribe to submit a comment

Stock Picking Tutorial Centre

Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis