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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio 2 - January '23

January 2023

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 titanic two-way pull has emerged, with hopes that US inflation and interest rates have peaked initially boosting shares on both sides of the Atlantic only for other data (too strong jobs growth / low unemployment) to act as a cold shower. Amidst all this the TMI Trader Portfolio fell 1%. In terms of swing factors, Babcock’s interim results were ahead of expectations with eps 6% ahead of forecasts. Over 90% FY23 expected revenue is under contract yet the shares are good value on a prospective PE of 7.4. The broker’s price target is 475p. As a tidy up I’m belatedly cutting losses on De La Rue; its problems had appeared transient but its previously buoyant markets are now showing signs of decline. This still doesn’t ...

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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