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Stock of the Week: ASTS up 18.5%

So far, this has been a good investment, with the share price up 20%. The contract outline below is short of numbers, but I think it's probably a pretty big deal. With further satellite launches to come in the next few months, I think the news flow continues to be positive. With the share price at new highs, I expect further share price appreciation.

Polar Capital Holdings (POLR.L, Market Capitalisation: £565m, 590p, 5.0% 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. Since its foundation in 2001, it has grown steadily and currently has 15 autonomous investment teams managing specialist, active and capacity-constraine

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NGEx Minerals (TSX: NGEX, Market Cap C$6.1bn (£3.3 bn) C$ 28.34     (1520p) currently 8.8% 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     First drill results of 2026 from phase 4 - HERE     Conclusion: Another remarkable set of results with the gold results particularly exciting. As Wotjek says, they look forward to providing regular updates on assay results. There

Ashoka India Equity Trust: (AIE.L; FTSE Small Cap, Market capitalisation: £460m, 266p, 0.0% of JIC Portfolio, 0.0% Funds' Portfolio)   www.ashokaindiaequity.com   Ashoka India Equity Investment Trust PLC is an asset management company. The principal activities of the company are to invest in securities listed on stock exchanges in India and listed securities of companies with a presence in India.   There is a risk that I am being impatient with this position, but I have just

Denmark is prepared!

Background: Although US markets struggled to make headway in December, it did not derail what turned out to be a good year for equity markets, gold and industrial metals. A significant theme of 2025 was that those markets that started the year at the lowest price, as measured by PE ratios, gave the best returns over the year - the more expensive markets lagged. For all the talk of the Magnificent Seven, only two (Alphabet +65 per cent and Nvidia + 38.9 per cent) beat the 17.9

You might think I'm mad (and perhaps a bit sad!), but one night over the Christmas break, I dreamt that the US Dollar continued to weaken in 2026, and hit 1.50 against sterling. The chart below shows that so far in 2026, it looks like it is heading that way. I was also struck by John Auther's chart, showing how the cheapest markets in PE Ratio terms did best in 2025. The UK continues to be one of the cheapest markets. That, combined with further dollar weakness, could lead to

I think a theme for 2026 will be space.   The IPO of SpaceX is expected later this year, which I think will focus investor attention on the sector.       To that end, I have added a 4.0% position in JEDG (VanEck Vectors Space Innovators ETF) to the Funds’ Portfolio.   For more information on JEDG, click HERE   Its top holdings are:       For the JIC Portfolio, I am risking 2.0% of my capital in JEDG’s largest position, AST Spacemobile. (ASTS, Market Capitalisation $23.5bn, $8

Alnwick Castle

Full ist below. The winner was Thor Explorations, up 300%.

The JIC Portfolio was up 21.9% in 2025, while the FTSE All-Share was up 24.0%. The Funds' Portfolio was up 30.0% in 2025, while the FTSE All-World (GBP) was up 14.6%. Performance of JIC and Fund Portfolios' holdings in 2025 Major Markets in 2025

Gold price ending the year at new highs (October turned out to be a shakeout)

Lundin Royalties (TSX: LUNR, Market Cap C$909 m (£494m), C$12.98 (701p) currently 1.1% of JIC Portfolio). (In the portfolio view in my Investment Diary, I show the share price converted to sterling) www.lunrroyalties.com   After Friday’s first day of trading, it was nice to see the share price up another 6.0% yesterday.   It is also good to see that Hargreaves Lansdowne and Interactive Investor are showing the stock correctly.   It is also on ShareScope, so my portfolio view

LUNR started trading yesterday. Because the price was, for some reason, set at 6 Canadian cents when it opened at above C$10 per share, trading was suspended. Trading resumed in the afternoon. It ended the day at C$ 12.25. That means for the 1,228 shares held in the JIC Portfolio, the value in C$ was 15,043 and in Sterling (ex rate 1.8466), £8146. It added 1.0% to the value of the JIC Portfolio. As I have said before, the more important thing than where it closes on the first

See below for some exciting news. I'm intrigued to see what my 1,228 shares held in the JIC Portfolio will be valued at on the first day of trading. More importantly, what will they be worth on 19 December 2026!

NGEx Minerals (TSX: NGEX, Market Cap C$5.3bn (£2.9 bn) C$ 24.39     (1322p) currently 8.2% 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     First drill results of Phase 4 - HERE   Conclusion: A super start to its Phase 4 drill programme. Again, very good copper and gold concentrations. Plenty more results to come over the next six months as it proves the size of the as

Serica Energy (SQZ.L AIM All-Share, Market Cap £634m, 162.4p, (4.5% of JIC Portfolio)  www.serica-energy.com   Acquisition of assets in the North Sea   Conclusion: This looks like another sensible deal. It's not transformative, but it does add 15% to its reserves and more than that to annual production. The effective date of the transaction is 1 January this year, which means by the time the deal completes in H2 2026, it should have pretty much covered its upfront payment wit

IG Group (IGG.L, FTSE Mid-250, Market Cap £3.97bn, 1166p, currently 4.4% of JIC Portfolio)   IG Group Holdings plc is a United Kingdom-based global financial technology company. The Company delivers online trading platforms and an educational ecosystem. The Company’s products include OTC leveraged derivatives, exchange-traded derivatives and stock trading and investments   Trading update:   Conclusion: Overall, an encouraging update with it firming up its guidance for the who

Following last Thursday's sale of XTracker AI & Big Data ETF (XAIX) in the Funds' Portfolio, I have sold the position from the JIC Portfolio. (The transfer of my SIPP to Interactive Investor is nearly done.) A small profit of £850.

Gold heading up again