Member Info for Notmyjob

c £20 seems a great entry point.

Half year update.

The medical division owned by The Smith group, SMIN, is being sold. Haven’t read anything about SN selling any part.

Paul Keel has just bought 25 000 shares costing over £350k.

And with a soon to be improved balance sheet, which of course helps negotiations.

Surprised about the scale of the drop given that this news was expected.
The board obviously see better growth opportunities elsewhere and so we must trust their strategy as they hopefully have their finger on the industry pulse.

24th Nov.

2.96%

Returned a healthy profit since buying in Q1.
Always a mini dilemma when it comes to knowing when/if to cash out on a growth stock, but I do feel this company will continue to grow.

Since the publication of the Guardian article the sp has been drifting lower. This is a shame as it had started to tick up again after the ex divi date.

Bitter sweet week.
The recent gains wiped out on a positive update. On the flip side I’ve doubled my holding on the drop.

Decided to open a position here.
c 10% off 12 month ATH.
This week’s update states: “The year has started well, with a continuation of the good demand seen in the second half of 2020/21. In the first quarter we delivered strong sales¹ growth of 63% year-on-year….Sales have returned to pre-pandemic levels, and operating profit is ahead driven by more volatile and higher average precious metal prices.
“Given the strength we are currently seeing in our end markets, we now expect at least mid teens growth in underlying operating4 performance at constant metal prices5 and constant currency.”
Low debt level.
Hopefully the market was waking up to JMAT Friday afternoon.

Does anybody know the date of the next trading update?
Can’t see anything mentioned in the last one or on the company website.

Shows confidence in the company moving forward. And why not, the order book is bulging!

Maybe the drop is down to institutions balancing their books at the month end.

Thought I was getting a bargain in the depths of C-19 last year at 1439. Topped up at 1424p today.
Crazy.

Robleo. Thanks for your thoughts. Funds and Investment trusts are certainly worth a look at to overcome home bias (which, admittedly I have and need to address!)
Would have been nice to match the performance of SMT and Fundsmith but alas some way off…for now…
However, there have been some great FTSE100 bargains over the last 18 months.
Winners and losers over the last 5 years but working towards a passive income stream.

The results look very strong to me on first reading.

I sometimes wonder if I’d be better off buying investment trusts or funds myself. However, the appeal of owning a “stake” in FTSE100 companies always seems more appealing in a quasi semi romantic rose tinted way!
Besides, I feel the kids are more likely to keep hold of them when I’m gone!!

Thursday 29th July.