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When Covid first struck I took a cautious approach, turning many of my investments into cash. Then the massive fiscal, monetary and, later, the vaccine stimuli came to the fore and I turned buyer. Here is a list of all the shares I’ve bought and written about on ADVFN in the Covid period. I’ve been fortunate.
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| Connect Group (Smiths News) | 18.3.20 | £0.151 | zero | £0.365 | 142% | ||||
| Character | 5.6.20 | £2.52 | 5p | £4.50 | 81% | ||||
| McCarthy & Stone | 1.10.20 | £0.718 | 0 | Sold 7 Dec 2020 £1.185 | 65% | ||||
| Capital & Counties Properties | 6.11.20 | £1.032 | 0 | £1.714 | 66% | ||||
| Dewhurst “A” | 11.11.20 | £5.94 | 9.25p | £7.00 | 19% | ||||
| MS International | 16.12.20 | £1.292 | 1.75p | £1.60 | 25% | ||||
| Wynnstay | 29.12.20 | £3.405 | zero | £4.80 | 41% | ||||
| Lloyds Bank | 12.3.21 | £0.4169 | zero | £0.427 | 2% | ||||
| J Smart | 18.3.21 & 24.3.21 | £1.253 | zero | £1.22 | -3% |
Longer run performance
Almost eight years ago that I left a tenured professorship to concentrate on investment. Back then the FTSE 100 was around 6,600. It is now 6,900 – a slow rise but there have been dividends of around 3-4% per year.
I believe the numbers in the tables below show that I have outperformed, which is quite a relief given the salary and security sacrifice I made almost eight years ago.
The tables show the results (so far) of all the shares bought for the portfolios I’ve been writing about in my Newsletters. The comments I made at the time explaining the rationale for each investment are available for you to read in older newsletters – there is nowhere for me to hide from my appraisals I made three, four or seven years ago – all the errors of omission and commission are there in broad daylight.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
(Some of you have joined us recently so, in case you are not familiar with them, I briefly describe the criteria for my portfolios following the portfolio performance tables.)
The 2013 Net Current Asset Value, NCAV, portfolio
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| French Con. | 25.7.13 | £0.3047 | zero | Sold July 2015 £0.4378 | 44% | ||||
| Caledonian T | 25.7.13 | £0.70 | zero | Sold April 2020 for £1.391 | 99% | ||||
| Fletcher King | 6.8.13 | £0.30 | 14.25p | Sold June 2016 for 46p | 101% | ||||
| Northamber | 22.8.13 | £0.287 | 1.6p | Sold Oct 2016 £0.303 | 11% | ||||
| Titon | 5.9.13 | £0.379 | 6.5p | Sold May 2016 £1.06 | 197% | ||||
| Mallett | 12.11.13 | £0.7682 | 12.7p | Sold Nov 2014 £0.60 | -5% | ||||
| AVERAGE | 75% |
The 2014 NCAV portfolio
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| Holders Tech | 10.10.14 & 3.11.14 | £0.47 | 1p | Sold March 2017 £0.33 | -28% | ||||
| Airea | 4.11.14 | £0.1195 | 0.9p | Sold Sept 2016 £0.309 | 166% | ||||
| Northamber | 17.11.14 | £0.4265 | 0.7p | Sold Oct 2016 £0.303 | -27% | ||||
| Caledonian T | 30.12.14 | £1.39 | zero | Sold April 2020 for £1.391 | 0 | ||||
| AVERAGE | 28% |
The 2015 NCAV portfolio
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| PV Crystalox | 15.1.15 | £0.122 | zero | Sold Dec 2016 £0.237 | 94% | ||||
| Arden Partners | 1.9.15 | £0.422 | 1p | Sold May 2018 £0.364 | -11% | ||||
| Northamber | 4.9.15 | £0.443 | 0.4p | Sold Dec 2016 £0.303 | -31% | ||||
| AVERAGE | 17% |
The Buffett-style portfolio
This type of share is rarer than the others, and so I combine all years.
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| Dewhurst | 9.4.14 | £3.18 | 70.5p | Sold February 2020 £7.217 | 149% | ||||
| MS International | 9.10.19 | £1.723 | 5.25p | £1.60 | -4% | ||||
| Character | 20.1.20 & 5.6.20 | £2.811 | 13p | £4.50 | 65% | ||||
| Dewhurst | 11.11.20 | £5.94 | 9.25p | £7.00 | 19% | ||||
| MS International | 16.12.20 | £1.292 | 1.75p | £1.60 | 25% | ||||
| AVERAGE | 51% |
(I bought some more of Dewhurst in June 2014 at £3.11, December 2014 at £3.75, November 2017 at £5.46, February 2019 at £5.54 and April 2019 at £5.64.These were sold Feb 2020).
Modified price earnings ratio portfolio 2015/16
| Company | Purchase date | Purchase price | Divs to 31 March 2021 | Price 31 March 2021 | Return to 31 March 2021 | ||||
| Haynes | 11.2.15 | £1.159 | 33.5p | Sold 2.10.19 £2.9175 | 181% | ||||
| AGA | 11.3.15 | £1.002 | zero | Taken over June 2015 £1.456 | 45% | ||||
| Hogg Robinson | 10.4.15 | £0.4709 | 2.37p | Sold June 2016 £0.656 | 44% | ||||
| MS International | 3.7.15 | £1.86 | 37.75p | £1.70 | 12% | ||||
| BHP Billiton | 24.9.15 | £10.43 | 127p | Sold May 2018 £16.90 | 74% | ||||
| TClarke | 5.11.15 | £0.7916 | 13.61p | Sold Feb 2020 £1.1215 | 59% | ||||
| Premier Farnell | 8.4.16 | £1.222 | 3.6p | Taken over 20.6.16 £1.632 | 36% | ||||
| AVERAGE | 64% |
The AGA holding was doubled 30 April 2015 at a price of £0.9466.
Modified price earnings ratio portfolio 2017
| Company | Purchase |
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