NGEX Minerals

top of page

My Approach to Investing

Summary

I focus my efforts on small and mid-sized companies searching for those where the growth prospects are not reflected in the share price. I am disciplined about the valuation I am prepared to pay; I don’t like to pay over 20x forecast earnings and favour companies that are paying a growing dividend and have a prospective dividend yield of at least 2.0%. I search for companies generating strong cash flow and if not having net cash, then debt levels that is low to moderate. Where possible I like to meet management and understand what makes them tick and if they have a decent stake in the business so much the better; our interests are aligned! I like companies that are beating expectations and earnings forecasts are being upgraded. Ultimately I am looking for the “double whammy” that comes from a re-rating and from faster than expected earnings growth. Having found a potential investment I look at the share price chart as it can help with timing; so often resistance and support levels work. I size a position based on my assessment of the potential Risk and Reward of the stock. I hold between 20 and 30 holdings, making use of investment trusts for overseas or thematic exposure.

The most important number to me is the return of the Portfolio! I try not to get too emotionally involved with individual companies; if I cut a holding and it immediately bounces, so be it. All that matters is the return of the Portfolio, each month, each year, each decade!

I invest principally in the UK

I invest mainly in UK stocks as that is where I have gained my experience. There are clearly opportunities to invest in overseas companies, and it is fair to say that it is now much easier to get the information you need. I think that for a private investor, such as myself, with limited time resources, it is better not to spread my net too wide. For me, it makes sense to focus my efforts on a market where I have experience and familiarity.

I focus on mid and small-sized companies

I focus on mid and small-sized companies but not exclusively.

The FTSE 100 Index comprises the largest 100 companies and by value accounts for around 70% of the UK market, The FTSE 250, (the next 250 companies) accounts for about 25% of the market by value, and the FTSE Small Cap, FTSE Fledgling and FTSE AIM, the remainder.

The table below shows the percentage returns over 1, 3, 5, and 10 years to 31st December 2020

My Approach to Investing

Summary

I focus my efforts on small and mid-sized companies searching for those where the growth prospects are not reflected in the share price. I am disciplined about the valuation I am prepared to pay; I don’t like to pay over 20x forecast earnings and favour companies that are paying a growing dividend and have a prospective dividend yield of at least 2.0%. I search for companies generating strong cash flow and if not having net cash, then debt levels that is low to moderate. Where possible I like to meet management and understand what makes them tick and if they have a decent stake in the business so much the better; our interests are aligned! I like companies that are beating expectations and earnings forecasts are being upgraded. Ultimately I am looking for the “double whammy” that comes from a re-rating and from faster than expected earnings growth. Having found a potential investment I look at the share price chart as it can help with timing; so often resistance and support levels work. I size a position based on my assessment of the potential Risk and Reward of the stock. I hold between 20 and 30 holdings, making use of investment trusts for overseas or thematic exposure.

The most important number to me is the return of the Portfolio! I try not to get too emotionally involved with individual companies; if I cut a holding and it immediately bounces, so be it. All that matters is the return of the Portfolio, each month, each year, each decade!

I invest principally in the UK

I invest mainly in UK stocks as that is where I have gained my experience. There are clearly opportunities to invest in overseas companies, and it is fair to say that it is now much easier to get the information you need. I think that for a private investor, such as myself, with limited time resources, it is better not to spread my net too wide. For me, it makes sense to focus my efforts on a market where I have experience and familiarity.

I focus on mid and small-sized companies

I focus on mid and small-sized companies but not exclusively.

The FTSE 100 Index comprises the largest 100 companies and by value accounts for around 70% of the UK market, The FTSE 250, (the next 250 companies) accounts for about 25% of the market by value, and the FTSE Small Cap, FTSE Fledgling and FTSE AIM, the remainder.

The table below shows the percentage returns over 1, 3, 5, and 10 years to 31st December 2020

ABOUT ME

I launched this website in January 2012 so that I could share with other investors how I manage my investment portfolio; the JIC Portfolio.

There is complete transparency with the current portfolio and all transactions shown. I explain all trades through my blog and hope the site provides food for thought to more experienced investors as well as helping those who are new to managing their own portfolios. I believe JohnsInvestmentChronicle is unique: There are plenty of “tipsters” who will remind you of the “good ones” and quietly forget the disasters; I do not have that luxury as the Portfolio is there for all to see, backed with real money; mine! I have to confront my mistakes and deal with them; there is no hiding place! Above all, this is a true expose of the trials and tribulations of a private investor!

If for some reason you are not receiving email alerts about new diary entries

Add your email address HERE

#jicportfoliotrade

#fundsportfoliotrade

#fundsportfoliocomment

#portfoliothoughts

#weekendroundup

Search

NGEX Minerals - Effective date for LunR spin-out and Board/Management appointments

NGEX Minerals - Effective date for LunR spin-out and Board/Management appointments

NGEX Minerals - Effective date for LunR spin-out and Board/Management appointments

NGEx Minerals (TSX: NGEX, Market Cap C$5.3bn (£2.9 bn) C$ 25.65 (1362p) currently 8.5% of JIC Portfolio). (In the portfolio view in my Investment Diary I show the share price converted to sterling) www.lundingroup.com www.ngexminerals.com NGEX announces the effective date of the LunR spinout and a beefing up of the Board and management team. Conclusion: The effective date before which holders of NGEX shares will receive ¼ of LunR share for each NGEX share held is

1 day ago2 min read

Right on cue!

Right on cue!

Right on cue!

Private placement increased to $175m. My guess is the share price goes higher! VANCOUVER, BC, Sept. 30, 2025 /CNW/ - NGEx Minerals Ltd....

Sep 302 min read

NGEX to raise $100m in a done deal!

NGEX to raise $100m in a done deal!

NGEX to raise $100m in a done deal!

NGEx Minerals (TSX: NGEX, Market Cap: C$5.35bn (£3.0bn), C$25.82 (1381p); currently 8.8% of JIC Portfolio). (In the portfolio view in my...

Sep 305 min read

Catching up! Strategic Equity Capital (tender offer), IG Group (Q1 update) and NGEX (season four drilling schedule)

Catching up! Strategic Equity Capital (tender offer), IG Group (Q1 update) and NGEX (season four drilling schedule)

Catching up! Strategic Equity Capital (tender offer), IG Group (Q1 update) and NGEX (season four drilling schedule)

I was away yesterday. Catching up with a few things today. Strategic Equity Capital (SEC.l Mkt cap £155m, 360p, 4.0% of Funds'...

Sep 2616 min read

NGEX Minerals: Update on spinout of LunR Royalty Corp

NGEX Minerals: Update on spinout of LunR Royalty Corp

NGEX Minerals: Update on spinout of LunR Royalty Corp

NGEx Minerals (TSX: NGEX, Market Cap C$4.89bn (£2.5 bn) C$23.61 (1272p) currently 8.3% of JIC Portfolio). (In the portfolio view in my...

Sep 225 min read

Lundin Mining: new CEO of Vicuña joint venture appointed. NGEX Minerals: update on spinout of RoyaltyCo and upcoming shareholder presentation

Lundin Mining: new CEO of Vicuña joint venture appointed. NGEX Minerals: update on spinout of RoyaltyCo and upcoming shareholder presentation

Lundin Mining: new CEO of Vicuña joint venture appointed. NGEX Minerals: update on spinout of RoyaltyCo and upcoming shareholder presentation

On Friday, Lundin Mining announced the appointment of Ron Hochstein as CEO of Vicuña. Vicuña being the joint venture between BHP and...

Sep 155 min read

NGEX Minerals - Q2/H1 Results

NGEX Minerals - Q2/H1 Results

NGEX Minerals - Q2/H1 Results

NGEx Minerals (TSX: NGEX, Market Cap C$4.5bn (£2.5 bn), C$21.73 (1174p) currently 8.0% of JIC Portfolio). (In the portfolio view in my Investment Diary, I show the share price converted to sterling)

Aug 123 min read

JIC Portfolio: Short Review of each of my positions (I)

JIC Portfolio: Short Review of each of my positions (I)

JIC Portfolio: Short Review of each of my positions (I)

Background: I have discussed a potential market melt-up in my last two monthly reviews. I think that is what we are witnessing. I...

Aug 115 min read

I should go away more often!

I should go away more often!

I should go away more often!

I’m back from my hike along the Great Glen Way. Great fun with some old university friends, but not a route I would particularly...

Aug 82 min read

NGEX shareholders to benefit from spin-out of new royalty company

NGEX shareholders to benefit from spin-out of new royalty company

NGEX shareholders to benefit from spin-out of new royalty company

NGEx Minerals (TSX: NGEX, Market Cap C$3.75bn (£2.0 bn) C$ 18.15 (984p) currently 6.9% of JIC Portfolio). (In the portfolio view in my...

Jul 228 min read

NGEX - More super drilling results

NGEX - More super drilling results

NGEX - More super drilling results

NGEx Minerals (TSX: NGEX, Market Cap C$3.3bn (£1.77 bn) C$ 15.90 (848p) currently 6.1% of JIC Portfolio). (In the portfolio view in my...

Jul 23 min read

NGEX drill results

On my way to Ascot so this will brief. NGEX has published its latest drill results. They look good and extend the area for which they...

Jun 191 min read

JIC Portfolio Trade - Added to position

JIC Portfolio Trade - Added to position

JIC Portfolio Trade - Added to position

NGEx Minerals (TSX: NGEX, Market Cap C$2.53bn (£1.4 bn) C$ 12.20 (654p) currently 5.0% of JIC Portfolio). (In the portfolio view in my...

May 211 min read

NGEX - Major new discovery at Lunahuasi

NGEX - Major new discovery at Lunahuasi

NGEX - Major new discovery at Lunahuasi

NGEx Minerals (TSX: NGEX, Market Cap C$2.53bn (£1.4 bn) C$ 12.20 (654p) currently 4.2% of JIC Portfolio). (In the portfolio view in my...

May 213 min read

Lundin Mining - Vicuna District Mineral Resource Report - "Remarkable" and Exciting

Lundin Mining - Vicuna District Mineral Resource Report - "Remarkable" and Exciting

Lundin Mining - Vicuna District Mineral Resource Report - "Remarkable" and Exciting

Lundin Mining (TSX: LUN, Market Cap C$ 10.2bn (£5.7bn) C$ 11.90 (647p) currently 4.3% of JIC Portfolio). (In the portfolio view in...

May 74 min read

NGEX Minerals - Drilling results

NGEX Minerals - Drilling results

NGEX Minerals - Drilling results

NGEx Minerals (TSX: NGEX, Market Cap C$2.49bn (£1.4 bn) C$ 12.04 (654p) currently 4.4% of JIC Portfolio). (In the portfolio view in my...

Apr 245 min read

NGEX Minerals - 2024 Results

NGEX Minerals - 2024 Results

NGEX Minerals - 2024 Results

NGEx Minerals (TSX: NGEX, Market Cap C$2.99bn (£1.6bn), C$ 14.48 (804p) currently 5.1% of JIC Portfolio). (In the portfolio view in my...

Mar 261 min read

NGEX - Another set of excellent drilling results

NGEX - Another set of excellent drilling results

NGEX - Another set of excellent drilling results

NGEx Minerals (TSX: NGEX, Market Cap C$2.7bn (£1.5bn) C$ 13.03 (699p) currently 4.8% of JIC Portfolio). (In the portfolio view in my...

Mar 1315 min read

NGEX Minerals - Another super set of drill results that significantly expands the area of mineralisation

NGEX Minerals - Another super set of drill results that significantly expands the area of mineralisation

NGEX Minerals - Another super set of drill results that significantly expands the area of mineralisation

NGEx Minerals (TSX: NGEX, Market Cap C$3.0bn (£1.76bn) C$ 14.14 (790p) 4.0% target, currently 51% of JIC Portfolio). (In the portfolio...

Feb 197 min read

NGEX Minerals - Another super update

NGEX Minerals - Another super update

NGEX Minerals - Another super update

NGEx Minerals (TSX: NGEX, Market Cap C$3.0bn (£1.76bn) C$ 14.60 (825p) 4.0% target, currently 5.3% of JIC Portfolio). (In the portfolio...

Jan 228 min read

bottom of page