Monthly Recap – March 2019

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Monthly Recap Image March 2019

February Buys And Sells…

As always, this is a recap of my trading activity from the previous month.

Note: Most of my trading activity is a based on the analysis from my Parity PEG Price Reports.

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Each month I analyse at least 20 stocks in a Monthly Parity PEG Price Report. The report usually includes coverage of any stocks I have traded (bought or sold) that month – Those detailed here.

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It’s been a reasonably active month compared to the previous one. There have been 3 new purchases and a sale, in order of execution…

On the 4th February I opened a Long position in Duke Royalty (DUKE). This is not a sector I usually invest in (Holding Company) but I noticed a couple of things. It had just acquired it’s only known competitor and it looked way undervalued on a 1 and 2 Year view based on forecast Revenue, PBT, EPS and Dividend growth (Yield is currently 7% or so). As always this is based on my Parity PEG Price Report.

On the 12th February I read an updated Broker note by Finncap (from Research Tree) for Scientific Digital Imaging (SDI). The note was produced following the announcement of an acquisition and placing, it included minor upgrades to forecasts. I decided it was enough for me to buy in.

Had my eye on Driver (DRV) for a while after conducting my analysis in December last year. On the 19th February I finally decided to buy in. Basically my Parity PEG Price Report indicated about 50% 2 Year upside however, if you strip out the 25% (of Market Cap) Net Cash, this improves even more so.

On 27th February I sold out of Beeks Financial Cloud (BKS). In the Interim Results it it indicated that FY PBT growth will be circa 25% which was below forecasts. This is below what markets (and I) would generally expect from a company on a PER of 40+. Anyway, I made a reasonable profit over the 8 months or so and I will for sure keep an eye out for updates here.

I am now just over 20% in Cash.

Buy Date Stock Code Buy Price Sell Price Sell Date % Movement
4-Feb-19 DUKE 42.00      
13-Feb-19 SDI 36.50      
19-Feb-19 DRV 77.00      
8-May-18 BKS 67.00 112.00 27-Feb-19 67%

Parity PEG Price Report For Duke Royalty (DUKE)

DUKE-PPPR


For the reasoning behind the Parity PEG Price Report and access to 20 of them every month (including most or all of those I have traded) – You can find details here.

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