Great read as always. I haven't got your ability to sell out and buy back in, when indicators are favourable. As mentioned previously I tend to buy and hold, although will ordinarily sell on a profit warning. I hold Jet2 and have for sometime. I rate the management team led by CEO Steven Heapy. The £250m buy back was unexpected but clearly liked by Mr Market. Also Phillip Meeson, the founder still holds 18% of the company.
I have a modest holding in MPAC bought as the share price declined at around 415p. I am tempted to add, but the lack of share buying by directors is off putting. The CEO, Andrew Holland has hardly put his hand in his pocket.
I shall revisit Creightons, which I held pre-covid and sold for a reasonable profit. As you say Pippa Clark is a class act.
On the subject of bowls and director buying, I have added to my holding in Kitwave. It distributes food (ambient and frozen) to convenience stores, pubs, restaurants etc. Not dissimilar to Bookers. A business that is easy to understand and which because of it logistical expertise and national coverage is in my view difficult to replicate. Debt is a little higher than I would like but this should start to fall as the recent acquisitions start to contribute, especially Creed Foods that was funded by an equity raise at the end of 2024. Like most UK small caps it is not expensive despite rising from its low of 258p to 300p or thereabouts. It should have a trading update shortly. Just my view of course and like many investors I am sometimes wrong.
Hi John, my sell outs and buy backs don't always go this well, the ability to sleep better at night as a bonus that I like.
Jet2, very good action, I guess having bought it a number of times and it struggled to rally, I was feeling too much negativity rather than looking at the valuation. With airlines it's always the capital replacement costs that just take the sine off for me, just when they are making big money they need to buy a load of new planes. Jet2 seems to handle that well thou, and Steve Heapy has earned his spurs there, taking over from Meson imo. I can't buy after the rally though, I think there's better under estimated stuff about having missed that rise.
MPAC results seemed good and the acquisition has looked a good fit but agree, it would be nice to see heavier dir buying/holding.
I have held KITW before, about 2 years ago and they are still interesting, I know them quite well. I sold when the then CEO Paul Yong sold a bunch of shares but they definitely look in the 'buy range' here now imo.
You have a good weekend too and thanks for the feedback.
I think one part of WJG flying under the radar is the opportunity they have taken to get into the cladding repair market. I don't know of any numbers or if there is any competition in this market. I hold
A pleasure Jas, have a good weekend.
Thanks Richard. Always a fascinating read. Thanks for your patience in posting such a comprehensive and lucid article.
Thanks as always for taking the time to produce and share - Have a great long weekend with your new fish :)
No problem, you have a good weekend too
Hi Richard
Great read as always. I haven't got your ability to sell out and buy back in, when indicators are favourable. As mentioned previously I tend to buy and hold, although will ordinarily sell on a profit warning. I hold Jet2 and have for sometime. I rate the management team led by CEO Steven Heapy. The £250m buy back was unexpected but clearly liked by Mr Market. Also Phillip Meeson, the founder still holds 18% of the company.
I have a modest holding in MPAC bought as the share price declined at around 415p. I am tempted to add, but the lack of share buying by directors is off putting. The CEO, Andrew Holland has hardly put his hand in his pocket.
I shall revisit Creightons, which I held pre-covid and sold for a reasonable profit. As you say Pippa Clark is a class act.
On the subject of bowls and director buying, I have added to my holding in Kitwave. It distributes food (ambient and frozen) to convenience stores, pubs, restaurants etc. Not dissimilar to Bookers. A business that is easy to understand and which because of it logistical expertise and national coverage is in my view difficult to replicate. Debt is a little higher than I would like but this should start to fall as the recent acquisitions start to contribute, especially Creed Foods that was funded by an equity raise at the end of 2024. Like most UK small caps it is not expensive despite rising from its low of 258p to 300p or thereabouts. It should have a trading update shortly. Just my view of course and like many investors I am sometimes wrong.
Enjoy the bank holiday.
All the best
Hi John, my sell outs and buy backs don't always go this well, the ability to sleep better at night as a bonus that I like.
Jet2, very good action, I guess having bought it a number of times and it struggled to rally, I was feeling too much negativity rather than looking at the valuation. With airlines it's always the capital replacement costs that just take the sine off for me, just when they are making big money they need to buy a load of new planes. Jet2 seems to handle that well thou, and Steve Heapy has earned his spurs there, taking over from Meson imo. I can't buy after the rally though, I think there's better under estimated stuff about having missed that rise.
MPAC results seemed good and the acquisition has looked a good fit but agree, it would be nice to see heavier dir buying/holding.
I have held KITW before, about 2 years ago and they are still interesting, I know them quite well. I sold when the then CEO Paul Yong sold a bunch of shares but they definitely look in the 'buy range' here now imo.
You have a good weekend too and thanks for the feedback.
CHH looking good for a big recovery run
Yes, firm today
Thank you Richard
A pleasure
Cheers Richard, great read 👍🏻
thank you Chris
Thanks Rebel for all the effort you put in
a pleasure
I think one part of WJG flying under the radar is the opportunity they have taken to get into the cladding repair market. I don't know of any numbers or if there is any competition in this market. I hold
I agree.
There's news out on WJG by the way:
https://watkinjonesplc.com/news-insights/2025/watkin-jones-completes-build-to-rent-development-in-bath/
WJG say they will benefit from rate cuts, lets see what happens on Thursday