Half Year Portfolio Review H1 2016

H1 2016 has been a strong half for my portfolio, it returned +31.7% vs the FTSE All-share tracker return of +0.7% and S&P tracker return of +1.4%.

Portfolio returns

Craven House Capital ($CRV.L) was a big contributor and returned 91% in the half. But even excluding this position the portfolio returned 19.0%, driven by a 125% increase in Goldplat ($GDP.L) as operations finally showed some positive progress. Worst performers were Avangardo and Logicamms. Avangardo is still being affected by the situation in the Ukraine and Crimea. I don’t see it resolving any time soon, but as this is such a tiny position now (0.3%), I don’t see much point in selling and there might be a lot of upside at some point, who knows.

Logicamms was down 40% in the quarter, after it posted some poor half year results. But excluding an onerous lease expense and write downs, it was still profitable and priced at only 7x annualised pre tax earnings. I doubled the position after the drop and its now 1.9% of my portfolio.

After selling CRV I now have a large cash balance in the portfolio. I’ll be hoping to find somewhere to deploy this when I have time. This is my portfolio as it stands now.

Goldplat GDP:LN 9.3%
Weiss Korea Opportunity WKOF:LN 7.6%
Ubiquiti Networks UBNT:US 4.5%
Pental Ltd PTL:AU 4.4%
Beximco Pharma BXP:LN 3.9%
Texhong 2678:HK 3.9%
Oracle ORCL:US 2.5%
800 Super Holdings ESH:SP 2.1%
Codan Ltd CDA:AU 1.9%
Logicamms LCM:AU 1.9%
Apple AAPL:US 1.8%
Softbank SFT:GR 1.5%
Argo ARGO:LN 1.4%
Renn RUG:LN 1.2%
Russia 3x tracker RUSL:US 0.9%
Saga Furs SAGCV:FH 0.9%
Hornbeck Offshore HOS:US 0.6%
Awilco Drilling AWDR:NO 0.5%
Avanagrdco AVGR:LI 0.3%
Cash 48.9%

Founder of Investing Sidekick. Works as a research analyst and is an avid value investor, always searching for undervalued shares.

2 thoughts on “Half Year Portfolio Review H1 2016”

  1. I own a couple of US stocks including apple and Berkshire Hathaway. What has constituted to the surge in your investment growth apart from Craven House Capital and Gold Plat?

    1. vetem mua nuk ma ktheve komenti qe e kam shkruar shum dit me pare te lutem ma ktheh per shkak se jam bere mjaft nervoze kur te tjerve po ia ktheni ndersa mua jo keshtu qer kisha dashur qe te ma ktheni dhe te me pegjigjeni pytjeve te parhuatrsara me lart

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