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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - July '18

July 2018

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.

Although the TMI Trader Portfolio fell 0.4%, that disguises a roller-coaster for several constituents. On the positive side, Patisserie and Burford hit new highs. The big news is the rise in Brent crude as well as a narrowing discount between spot and forward pricing, which means it’s worthwhile hedging several years ahead to secure future cash flows (finally reopening the door to bank financing of new projects). Against that background, Tullow has hit pay dirt while Premier spiked to 130p. Given the latter’s strong update (see page 6) and pull-back, we are adding a second unit. We are also adding Cairn Energy, this month’s front-page write-up (briefly mentioned last time). We believe it sets the gold standard with a rising ...

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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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