This is an update of my portfolio. I’ve sold a couple of positions in my portfolio in the last week, PTL and SFT.
Had a couple of changes to my portfolio so now is a good time to give an update. Here is my portfolio as it currently stands, with % allocations.
Pental is an Australian consumer goods company that has grown revenues by 16% per annum since 2006 yet is trading at a TTM P/E ratio of just 8. It previously had a large speciality chemicals business which was disposed of in 2013, which means its financial history isn’t what it first seems by looking at the company statements alone. My interest was widened when I noted that a member of the board personally holds almost 20% of the company.