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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - September '17

September 2017

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 terrific month for the TMI Trader Portfolio, which rose 3.5% to a new high of £685,001. Gain since the start is now 585%. A fair wind was provided by the FTSE-100 and All-Share indices, which increased 1.9% and  2%, respectively but the obvious driver was the bid for Paysafe (our largest holding) from CVC and Blackstone. Although the implied exit PE based on this year’s forecast is just 14x, given its strategic value to larger rivals, we think there could be a counter bid and we’re staying put. Luceco put out a positive update while Gocompare hit new highs after profits soared 22% in H1. Interestingly, a daily newspaper disclosed that the average driver’s comprehensive car insurance has rocketed from £450 in 2000 to nearly £1,00 ...

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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