Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio 2 - May 2023

May 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.

With bank and interest rate nervousness casting a shadow over small cap shares, the TMI Trader Portfolio rose 1.4%, marginally outperforming the Small-Cap index. With a busy month for news, the portfolio reflects a receipt of the 29.8p special dividend from Essentra. Now shorn of its lower margin healthcare packaging and filters divisions, Essentra recorded lucrative EBIT margins of almost 19% alongside 12% organic sales growth in its first results following the disposal. Berenberg is expecting further acquisitions but even without one, next year’s prospective PE drops to 14.2. Seven directors “cluster bought” around current levels with the Chairman and CFO together acquiring almost 25,000. Elsewhere, a director also bought ...

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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.

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