Acal - This is rather disappointing at present. Having set out a strategy implementation does seem to be hard work. I had fair value on this share around 300p and I would consider selling from 275p up.
Air Partners - Current fair value on this is 450p. Business is developing and I am happy to hold.
ARBB - Everyone I ask who looks at ARBB seems to agree it is significantly undervalued, but there is no catalyst event and management seem unwilling to make much of an effort to address this. I am looking at possible actions that I could take. But as this does seem fairly safe it is not currently a top priority. Though I do need to be mindful that increasing the time to realise the gain does decrease the return over a set time period.
AAPL - Happy holding. But will not be increasing. Cannot see that I have better information than the market in general. Happy seller at $150.
AVAP - A simple company with potential. Held back by management mishaps. Thankfully the mistakes are not fatal and the company does seem to learn from them. Holding having recently added to bring the holding over 1%. Not looking to increase until a steady level of good news showing development.
BLT - This has fallen over 25% and so has been reviewed. I would look to buy more. However BLT is currently in an account with no additional cash. Happy holding
CTG - The shares are volatile within a band. But overall going nowhere. Took a small position but have not warmed to the company. Will be looking to sell when I can wipe my face. Would sell if the account it is in needed some cash. Unfortunately its not the same account as BLT.
DJAN - Happy holding. Very long term buy and hold.
DIsney - Am considering buying more. I believe the cord cutting concerns are overplayed and whilst this may have short term issues people will pay for ESPN on a slimmer bundle.
EMR - This has risen over 25% and so has been reviewed. Am happy to increase the holding, particularly after the last set of results, subject to cash becoming available. However currently it is in an account with no money.
ETO - This is a mediocre company with management that aspire to mediocre. Realistically there is I believe significant value within parts of the portfolio - Peppa Pig, that validates the investment. But the management seem to learn nothing and I do wonder whether it will take either a change in management or a third party to bring out the value. I will not be increasing the position absent this.
Other holdings will follow in another blog