Hi everyone!

Thanks for all the fantastic feedback yesterday on the subject of tablets. I wandered around a couple of department stores for a few hours, and in the end decided to wait another few months before making a bigger purchase that could also be used as a laptop. There are some amazing new hybrid devices (with both laptop and tablet functionality), and I think I'll choose the Surface Go or Surface Pro from Microsoft.

Burberry (LON:BRBY)

(Please note that I have a long position in BRBY.)

More portfolio news this morning, with a Q1 update from Burberry (LON:BRBY). This was already my second-largest holding, and the shares are up 8% as I type. The company has reported a return to like-for-like store sales growth (around 4%) thanks to a strong response to the company's new product range.

The outlook for FY 2020 is unchanged, including the previously-announced H2 weighting. But I think that investor uncertainty surrounding the new designer is evaporating. Like-for-like store sales growth, the closure of some underperforming stores, and £120 million of cost savings are all reasons for encouragement. I'm happy to continue holding for the foreseeable future.

Note also that this share has a StockRank of 87. I'm not ashamed to buy quality big-caps, sometimes!


Ok, time to check out some small-caps.

Fulham Shore (LON:FUL)

  • Share price: 12.4p (+8%)
  • No. of shares: 571 million
  • Market cap: £71 million

Final Results

This restaurant has really grown on me. It started out as a research project, but I found that the sourdough pizzas at Franco Manca were so good and the meals were such good value that I was happy to keep going back.

I also tried out The Real Greek in Covent Garden this year - not such a compelling format, but still a good experience.

These are some decent results:

  • Revenue growth is 17%. The total number of restaurants increased…

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