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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - February '20

February 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A quiet month for the TMI Trader Portfolio, which lagged the main indices. Premier Oil (which we have re-recommended on page 4) rose sharply after announcing a transformational acquisition, which should accelerate its debt reduction. Shares in Plus500 went above £9 following its update while Hostelworld also bounced. The main culprit in causing the overall 0.2% valuation decline was NMC, which nearly halved after short seller Muddy Waters claimed its financial statements hinted at overpayment for assets, inflated cash balances and understated debt. NMC has responded robustly and while two large shareholders have bailed at £12, a director has just acquired £50,000 of shares at 1378p. NMC shares similarities with Burford ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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