Good morning, it's Paul here. I'll be writing all of this week's reports.

Graham posted an excellent end of year portfolio review of 2018 here. It's well worth a read, if you haven't seen it. The format is great - looking at winners & losers, and what he has learned from each.

I might do something similar next week, but am holding fire until then, because my (by far) 2 largest positions are both reporting imminently. Sosandar (LON:SOS) is my main holding, intended for the very long term, and is reporting on peak Q3 (Oct-Dec 2018) trading around Wed-Thu this week. That's the normal reporting schedule, if you look back at its previous updates. We already know that autumn trading has been good, as the company has said so, in recent results meetings & presentations.

Revolution Bars (LON:RBG) is my second largest holding, and its peers (Stonegate, and others) have reported very strong trading in Dec 2018. Particularly in town/city centres, and at the premium end (cocktails, etc), which is right in RBG's sweet spot. So we should hear positive news from them on Monday next week. The wild card is potential for takeover approaches to resurface. A competitor (Stonegate) offered 203p cash for it some time ago, so there's very obvious value now the share price is half that level.

I regard a lot of recent share price plunges as being spurious, and providing some excellent buying opportunities. However, only if accompanied by a positive, recent trading update. Profit warnings also seem to be, very selectively, providing some remarkable buying opportunities - if you can time purchases with skill.

There are some very good rebounds underway from recent disappointing updates too - e.g. ASOS (LON:ASC) and Superdry (LON:SDRY) , both up strongly in percentage times from recent lows, although both still miles below previous highs.

So, interesting times, especially for traders. Less so for buy & hold types like me (I hardly do any trading these days, having decided there's not much point - as gains seemed to net off against losses, thus making it a stressful waste of time!)



Tracsis (LON:TRCS)

CEO stepping down

Long-standing…

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