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Weekend Roundup

Nice to see a better few weeks from my largest position. Break out please!

Returns of selected markets over the last week and since 1st January. This week is sorted by the week. Sorted by the last year can be found at the end of this post.

US July inflation numbers again came in better than expected. Hopefully UK numbers due on Thursday will do likewise.

European gas prices jumped 40 per cent on Wednesday due to threat of strike action by Australian LNG workers. It demonstrated just how tight the global gas supply market is.

JIC Portfolio

The JIC Portfolio is down 8.2 per cent in 2023 v +3.5 per cent for the FTSE All-Share (TR) Index.

For the five years to 21 July 2023, it is up 48.1 per cent. Over the same period, the FTSE All-Share TR Index was up 16.7 per cent.

The AIM All-Share is down 8.0 per cent this year, the FTSE 250 is up 1.8 per cent and FTSE Small Cap is up 2.0 per cent.

JIC Funds' Portfolio

The Funds’ Portfolio is down 3.4 per cent this year v +8.4 per cent for the FTSE All-World (GBP, TR) Index.

It is up 23.7 per cent since inception in July 2020. Over the same period, the FTSE All-World GBP TR Index is up 35.4 per cent.

Big Movers over the last week

Positives: Sylvania Platinum +7.0 Renew Holdings +6.4 per cent and Serica Energy +4.4 per cent.

Negatives: RS Group -5.5 per cent.

New Three-Month/All-Time Highs last week

Renew Holdings, Howden Joinery, and Serica Energy.

New Three-Month Lows

Ecora Resources and BH Macro. Falling Price Reviews coming on Monday.

Last week’s trades, news, and ex-dividends

SDI Groups published results for the year ended 30th April 2023. Glencore published H1 results including an increased buyback of $1.2bn and dividend of $1bn or 8 US cents per share.

I sold SDI Group. I hope to re-enter at some stage but in the meantime, I think there are better opportunities for my capital. I added to existing positions in Next Energy Solar Fund, Sylvania Platinum, Hargreaves Lansdown, and IG Group.

No ex-dividends last week.

Upcoming Events and ex-dividends

The only scheduled news I can see next week concerning my holdings is Next Energy Solar Fund’s AGM on Wednesday.

On Thursday, Niox goes ex dividend 2.5p per share and on Friday, Next Energy Solar Fund goes ex 2.08p and Shoe Zone dividend is paid on Wednesday.

Cash Holdings

1.7 per cent in the JIC Portfolio and 0.3 per cent in the Funds' Portfolio.

3.5 per cent of the JIC Portfolio comprises six commodity holdings –up from 32.8 per cent last week.

Enjoy the weekend.



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