Good morning, it’s Paul here with the SCVR for Thursday.
Timing - update at 13:00 - I'm back from lunch now, so will do a few more companies this afternoon, Revolution Bars (LON:RBG) (I hold) is next on the agenda. Then possibly Safestyle Uk (LON:SFE) & anything else interesting-looking. Please remember I can't cover everything, so am trying to focus on things that (a) I understand, and (b) look interesting. Update at 23:53 - RBG section finally finished, that was challenging! No time for any more, so see you tomorrow. Today's report is now finished.
Christmas
There’s still plenty going on in the markets, and of course last-minute Brexit negotiations, despite us being barely a week away from Christmas.
My family usually have a get-together in Cheshire, about a dozen of us, from 6 households around the country, but we’ve decided to cancel it this year. Since the vaccine roll-out for the vulnerable has already started, why on earth would we want to potentially risk anyone’s health (or even life), just to have a get-together a few months before it is safe to do so? As an investor, I constantly weigh up risk:reward for my portfolio. Hence it was an easy decision to cancel Xmas - the upside wasn’t worth risking anyone’s health. My idea is that we could have a deferred Xmas in summer 2021, and pretend to be Australian!
As regards coverage here, I’ll be on hand to write SCVRs every day the market is open for trading over Xmas/NY, including half days. Sometimes there are profit warnings, and erratic price movements on low volume, creating occasional buying/selling opportunities, so I find it pays to keep an eye on things. Plus of course deal or no deal, unrelated to Noel Edmonds.
I usually do an end of year review, covering what has & hasn’t worked for me. It’s certainly been a rollercoaster of a year, so I’ve got enough material to write a book! Although the SCVRs, over the past 7 years, have effectively been dozens of books, in terms of word count! No wonder I can now touch-type, without ever having consciously tried to learn.
We did once try to make a book out of a year’s worth of SCVRs, summarising them, and looking at what happened next with the key shares, but it was such a mammoth task…
