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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - January '24

January 2024

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.

I will be pleased to see the back of 2023, following the steepest interest rate rises in living memory and continued angst from geopolitical crises. Nevertheless the TMI Trader Portfolio 2 has made a modest recovery from this time last year. Some signs of life on a month-on-month basis, too, including  DX, which finally agreed a 47.5p bid, making for a nice gain of 144%, while H&T has re-rated, reflecting its cheapness (on a prospective PE one year out of 5.9), high forecast growth rates (112% eps growth between FY’22 to ‘25) and potential windfalls from an all-time high gold price. The latter could be a talking point in 2024 if Central Banks lower interest rates earlier than expected, with shrinking money supply and disposabl ...

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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