My 2012 Stock Picks: Post Mortem

Monday, Dec 24 2012 by

Over on John Kingham’s site, I made a selection of shares for 2012. Let’s see what happened:

  • ASX – All-Share Index: +12.5%
  • MCX – FTSE 250: +26.1%
  • UKX – Footsie: +10.3%

Making comparisons is going to be awkward, because what there was a very big divergence between the indices. The MCX flew away, but the ASX lagged, weighed down by the relative sluggishness of the Footsie. So, should my base comparison be the ASX – because after all I’m trying to beat the “universe” of stocks – or do I bewail my performance for lagging the MCX, from which many of my ideas were drawn?

Afferro Mining Inc (LON:AFF): +23.1% I said that there was huge upside on this one, as you received the market cap in cash, and got the resources for free. Good call on my part, although it was far from a smooth ride for investors.

BLSA – Blacks Leisure (short position): -100.0% I said there was a high probability of going bankrupt, and this was indeed the case. It went bankrupt in mid-January, so you wouldn’t have had long to wait. To be honest, this one was like shooting fish in a barrel, because the directors had already warned that there’d be trouble. Some BLSA stores was taken over by JD Sports for peanuts. JD. reports that the stores are performing well, so it looks like the management have, once again, repeated their basic template of buying out inefficient bankrupt niche retailers and breathing new life into them. JD shareholders (which includes me) are going to be happy with this purchase. If you’re looking for a similar short for 2013: HIBU. HMV looks pretty bad, too, but not quite the “sure thing” of HIBU.

Domino Printing Sciences (LON:DNO): +18.2%. I reckoned it was a good quality company at a reasonable price, but for which I wasn’t expecting

Dechra Pharmaceuticals (LON:DPH): +23.1% A nice little GARP stock that pretty much did exactly what I expected it to. Would make a decent selection for this year.

WM Morrison Supermarkets P L C (LON:MRW): -16.5% Well, go figure. It was reasonably priced at the beginning of the year, and became cheaper. The fall…

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Afferro Mining Inc. is a mineral exploration and development stage company. The Company is focused on iron ore projects in Cameroon. The Company has four mineral exploration projects in Cameroon, including the Nkout Iron Ore Project (Nkout Project). The other iron ore projects in the Company’s portfolio are Ntem and Akonolinga, both are 100% owned by the Company, and Ngoa, which is 70% owned by the Company. The Ntem project covers an area of 245 square kilometer. The Akonolinga project covers an area of 241 square kilometer. The Ngoa project covers an area of 252 square kilometer. more »

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Domino Printing Sciences plc provides thermal transfer, ink jet and laser printing technology. The Company has manufacturing facilities situated in the United Kingdom, China, Germany, India, Sweden and the United States. Its product range includes binary digital printing, such as Bitjet+; integration and software, such as QuickDesign Lite and QuickDesign; continuous inkjet printing and coding, such as GP Range, i-Tech Range and Specialist Range; controllers, such as Editor GT and Editor RIP; Digital Color Label Press, such as N600i and N610i; fume extraction, such as DPX Range; laser coding and marking equipment, such as D-Series-i-Tech and F-Series-i-Tech; piezo drop on demand printing, such as C-Series, K-Series and N-Series; Print and Apply Labeling, such as M230i Corner Wrap, M230i Pallet Labeller and Stand; Thermal Inkjet Printers, such as G-Series; Thermal Transfer Overprinting, such as V-Series, and Drop On Demand Valve Jet Printing, such as C-Series, Macrojet and Case Coder. more »

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Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers. Its Morrisons branded beef, lamb, pork, chicken, milk and eggs are sourced in the United Kingdom. The Company serves customers across the United Kingdom through approximately 500 stores and an online home delivery service. It operates from over 10 manufacturing sites across Britain. The Company operates over seven regional distribution centers and a national center servicing its supermarkets. Its subsidiaries include Bos Brothers Fruit and Vegetables B.V., Erith Pier Company Limited, Firsdell Limited, Kiddicare Properties Limited, MHE JV Co Limited, Neerock Farming Limited, Neerock Limited, Rathbone Kear Limited and Wm Morrison Produce Limited. more »

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  Is Afferro Mining Inc fundamentally strong or weak? Find out More »

1 Comment on this Article show/hide all

Mark Carter 24th Dec '12 1 of 1

Just to clarify my thoughts on HIBU: it has little in the way of realisable assets. It has crushing debt, but postiive operational cashflow. I see the most likely scenario as being that HIBU will continue trading, at least in the short term, but with current equity holders actually, or effectively, wiped out in a debt-for-equity swap.

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About Mark Carter

Mark Carter

I am a private investor living in Scotland. I am a computer programmer by trade.


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