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Writer's pictureJohn Rosier

Weekend Roundup - Recovering nicely from early September sell-off

#weekendroundup Chart of the Week!


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


The Federal Reserve cut interest rates by 0.5% – let’s hope it has engineered a soft landing in the US. All will become apparent in the next few months. Stock markets responded well, although the UK, where consumer confidence dropped and public sector borrowing jumped in August, saw the market fall back. The “miserabilist” approach harms economic growth and tax receipts if people stop spending and investing!

 

The US$ weakened, and sterling strengthened. 1.333 v US$ and 1.194 v Euro.  

 

Another good week for both Portfolios.

 

JIC Portfolio

The JIC Portfolio was up 1.3% last week, compared to -0.5 % for the FTSE All Share. JIC is up 9.1% this year - the FTSE All-Share is up 9.5%.

 

For the five years to 20 September, JIC is up 45.7%. Over the same period, the FTSE All-Share TR Index was up 32.5%.

 

The AIM All-Share is down 1.1% this year, the FTSE 250 is up 8.5%, and the FTSE Small Cap (Ex Investment Co) is up 11.3 %.

 

JIC Funds' Portfolio

The Funds’ Portfolio was up 1.0% last week compared to +0.3% for the FTSE All-World (GBP, TR) Index. This year, JIC Funds' Portfolio is up 7.2% v +12.1% for the FTSE All-World.

 

More than 5 per cent movers last week.

 

Positives: Nippon Active Value +7.7%, Serica Energy +6.0% and 4imprint+5.2%.

 

Negatives: IG Index -5.9%, but more than half of that was due to it going ex-dividend 32.64p.

 

New Highs last week

Three-month highs: Wilmington (24-year high), Greggs, and Premier Foods.

 

All-time highs: Nippon Active Value

 

New Lows

Three months low: Strategic Equity Capital and Bioventix.

 

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

 

Results from Wilmington – The ongoing business is showing robust growth.

 

In the JIC Portfolio, I sold Hvivo and, with the proceeds, added to Capita, 4imprint, Gamma Communications, NGEX Minerals, and Lundin Mining.

 

For dividend news, see schedule HERE.


I completed my short review of all positions, which can be found HERE.

 

Upcoming Events

 

Next week, results from Niox are on Tuesday.

 

21.6% of the JIC Portfolio comprises six commodity holdings – up from 20.2% last week.







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