Whilst the Voyager RNS Log is taking a long summer break, I thought it would be worthwhile giving the briefest of updates on arrivals and departures since May and an overall feel on the performance the stocks held within Voyager both over H1 of 2019 and also in terms of Q1 of the 2019/20 financial year (FY being my preferred measure of a year).
Like all private investors, I will suffer from occasional profits warnings and in H1 of 2019, I suffered two such warnings; PMP & SOM. To my mind, PMP was really unforgivable in terms of excessively paid management once again demonstrating that they had no “finger on the pulse of South Korea”. PMP was sold for an -11% loss in H1 although the individual impact for 2019 was -4% as the stock started the year in profit. On the other hand, SOM which has returned handsomely over the last five years was treated in a more forgiving fashion with its weather-related profits warning and remains in the Voyager. Also leaving was BVXP; previously recorded in the Log at just under £40 having first entered at £7 about five years ago.
The new arrivals in May and like all new arrivals they will have to prove their worth or be jettisoned are SND, AAZ, IDEA, & LIT. Pleasingly all four are proving their worth with an average gain over the basket of four stocks of 16% since mid-May. Hopefully, one of them will develop into a gem that may be worthy of a portfolio place for several years, we shall have to see.
The summary table for the other stocks currently held within Voyager for H1 of 2019 and also Q1 of financial year 2019/20 is given in the table below. Note: I heavily sold down KWS at >£18 during my risk mitigation in June 2018, they originally joined the Voyager at well under £4 in 2016 but retained a fairly sizable holding which was further added to at around the £12-£13 mark in late March/early April.
As a reality check, it should be remembered, probably with most private investors portfolios, that January 2019 started from a very soft and easy base following the overall market decline of the last quarter, October-December, of 2018. So, all a touch unreal and overly flattering possibly. I rather suspect that H2 of 2019 may be a touch more challenging partly due to our inept politicians who amazingly in comparison make Trump appear a real statesman.
Oh well, back to my long summer break now; I will do the odd Tweet until the Voyager returns in September(ish).
Enjoy the summer & cheer the Lionesses on tonight against the USA; I am really impressed with the standard of ladies football.