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Rosebank Industries (ROSE.L, Market Capitalisation: £1394m, 343p, 4.2% of JIC Portfolio)   www.rosebankindustries.com   The founders of Rosebank have a long track record and experience of successfully executing the “Buy, Improve, Sell” strategy. They acquire businesses in which they see potential for further improvement and effect meaningful change through decisive management action and investment. The Rosebank directors cemented their reputation in this field at FTSE100 co

Volatility spikes

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XPS Pensions (XPS.L; FTSE 250. Market capitalisation: £682m, 346p, 1.6% of JIC Portfolio.   XPS Pensions Group PLC is a UK employee benefits consultancy and related business services. The services provided by the company include Pensions, Investment, National Pension Trust Administration, and Self-Invested Pensions. The company derives maximum revenue from Pensions Actuarial & Consulting followed by Pensions Administration, Pensions Investment, National Pension Trust (NPT), a

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#podcasts Long-time members of JIC will know that I think The Art of Execution is one of the best investment books out there and is a must-read for those who want to be successful investors. I wrote a brief review of the book HERE Yesterday, I listened to a podcast, which was recommended by a member. It's called "the art of investing." In this episode, the guest is Lee Freeman-Shor. As an aside, you will see at the top of the diary page #podcasts. If one clicks on this, one w

Pollen Street Group (POLN.L; FTSE250 Index. Market capitalisation: £527m, 884p, 4.7% of JIC Portfolio)   Pollen Street Group Limited is an alternative asset manager company. The Company is engaged in investing with the financial and business services sectors across both Private Equity and Private Credit strategies. It has a set of asset management activities focused on managing third-party assets under management (AuM) (the Asset Manager) together with on-balance sheet invest

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Polar Capital Holdings (POLR.L, Market Capitalisation: £525m, 548p, 5.1% of JIC Portfolio) www.polarcapital.co.uk Polar Capital is a specialist, investment-led, active fund manager. It says it has a collegiate and meritocratic culture where the capacity of investment strategies is managed to enhance and protect performance.   Interim results for the six months ended 30 September HERE   Conclusion: We knew the AUM numbers from a previous update. It’s good to see it has grown f

New high for International Petroleum Corp. That's more than five times your money since flotation in 2017! Lots more kite flying and a huge U-turn ahead of the budget. Confidence in UK financial markets is being severely tested. The government is giving a good impression of not knowing what it's doing! The JIC Portfolio was up 1.7% last week, while the FTSE All-Share was up 0.3%. YTD, JIC Portfolio is up +20.8%, All-Share is also up +20.8%. The Funds' Portfolio was up 2.5% la

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Premier Foods (PFD.L, FTSE 250, Market Cap £1.5bn, 173p, 2.8% of JIC Portfolio)   www.premierfoods.co.uk   H1 Results HERE   Conclusion: I’m finding it difficult to find the right words. Lacklustre might be too harsh, but it's hardly exciting. The good news is that it's happy with full-year expectations, but that does require a better H2 and good Christmas sales. On 13 August, when I published a short review of each of my positions, I said, “ Premier Foods:  4.5% of JIC Portf

#podcasts Click on the picture above or HERE I listened to this today. It gives a good insight into the way the Lundins operate and the culture of the group. There are interesting parts on Lundin Mining and how it can see its way through financing the development of Vicuna with its JV partner BHP. NGEX is mentioned along with the recent spin-out of LunR royalty company. Altogether, a very informative podcast for both shareholders in Lundin Group companies and those thinking a

I went to this last year. It was good. I'm going again this year. You can sign up HERE

4imprint (FOUR.L, FTSE 250, Market Cap £956m, 3405p, 2.4 per cent of JIC Portfolio)   4imprint Group plc is a United Kingdom-based direct marketer of promotional products with operations in North America, the United Kingdom, and Ireland. The Company’s business operations are focused on a direct marketing business model. It delivers organic growth by using a range of data-driven, online, offline and brand-based direct marketing techniques to capture market share in the promoti

Serica Energy (SQZ.L AIM All-Share, Market Cap £814m, 208p, (4.7% of JIC Portfolio)  www.serica-energy.com   North Sea oil & gas producer responsible for 5.0% of total UK gas supply. Following the Tailwind acquisition its production is split roughly 50:50 between oil and gas.   Yesterday afternoon, Total and NIO exercised their pre-emption rights over Serica’s acquisition of assets from BP, announced on 12 October.   Conclusion: It’s disappointing news as this looked like a g

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When the company was founded nearly 23 years ago, the share price was C$0.6. That's 40 times your money, not including dividends. Phenomenal! The Bank of England held interest rates. Lots more kite flying ahead of the budget. The JIC Portfolio was down 0.7% last week, while the FTSE All-Share was down 0.4%. YTD, JIC Portfolio is up +18.7%, All-Share +20.4%. (A late rally on Wall Street last night and the performance of Lundin Mining and International Petroleum limited the los

I’m at the MoneyWeek Investment Summit. I see Me Group’s share price is down 11%, back to the price last seen in mid 2024.

Lundin Mining (TSX: LUN, Market Cap C$ 19.4bn (£10.5bn) C$ 22.69    (1233p) currently 6.9% of JIC Portfolio). (In the portfolio view in my Investment Diary I show the share price converted to sterling).   www.Lundinmining.com www.lundingroup.com   Q3 Results               Full news release can be found HERE   Conclusion: Again, a good summary by Grok. I love the one-liner: “Copper costs down, guidance up, Vicuña ramping: Lundin’s poised for outsized gains in a rebounding meta

Background:   The markets wobbled a little in October before recovering. Concerns about a mounting trade war between the US and China dominated the news. China threatened to restrict the export of rare earth metals. The US, despite its best efforts, is a long way off from reducing its dependence on rare earths from China. In any case, Trump and Xi reached a compromise. The broad details included China agreeing to buy US soybeans and reducing its restrictions on the export of

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International Petroleum (TSX: IPCO, Market Cap C$2.5bn (£1.35bn). Share price C$22.70 (1229p). 4.7% of JIC Portfolio). (In the portfolio view in my Investment Diary, I show the share price converted to sterling).   Q3 results   The full statement can be found HERE   Conclusion: I particularly like the Grok AI one liner: “Blackrod early = bigger, sooner cash; buybacks + hedges = downside protected upside.” Not much to add to that. Production was ahead of guidance, costs below