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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - December '19

December 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A quiet month saw the TMI Trader Portfolio fall 0.7%% versus a rise in the FTSE-100 (+2.1%). The culprit was Tullow, which said two big recent discoveries have the wrong type of oil to become commercial (see page 7). Disappointing and we have sold at a loss. But the silver lining is Premier Oil (see page 7), which will shortly commence the sale process for Zama, which could fetch over US$400m and accelerate debt deleverage; it’s now near the top of our upcoming short list of 2020 New Year Naps. Polypipe hit a new high after a well-received acquisition while American activist Jason Ader, whose vehicle Spring Owl holds nearly 5% in Playtech, has talked up the merits of a leveraged buyout by a private equity company at a hypothetical ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X