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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio 2 - November '21

November 2021

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 tough month for shares, with the autumn malaise exacerbated by soaring gas prices and supply chain issues. This left TP2 down 4.2%. However, newsflow amongst our constituents is generally very positive. Topps said final results would be slightly ahead of forecast after a strong Q4 led to record sales. Central Asia reported a massive 131% increase in free cash flow thanks to strong metals prices and low production costs. With net debt almost eliminated and net cash of US$150m forecast by end of 2023, the shares look cheap on a prospective PE of 7.8. De La Rue said its turnaround and cost reduction activities “continue to strengthen performance versus the previous two years” with net debt pleasingly below expectations. ...

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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