Portfolio Update (07/09/2019)

AU Portfolio

News

None

Trades

I recently added Sequoia Financial Group Ltd (ASX:SEQ) to the AU Portfolio. FY 2019 was a disruptive year for the company featuring a board upheaval and significant one-off costs. Net profit after tax (NPAT) was $2.3 million in FY 2018 and management are forecasting 23% gross profit growth in FY 2020. Based on this I'm forecasting $2 million NPAT for FY 2020 which would would translate to an attractive earnings multiple at current prices after adjusting for net cash.

Holdings

AKG - 5.00%
ANO - 3.64%
ASH - 4.76%
CGL - 5.13%
CWL - 3.58%
EAS - 3.45%
EZL - 3.46%
FID - 3.65%
GAP - 3.55%
HIT - 3.67%
ICS - 4.21%
JYC - 3.63%
KME - 6.68%
LBL - 6.16%
LYL - 4.27%
RXP - 4.76%
SEQ - 3.97%
SSG - 4.73%
SXE - 4.60%
UCW - 4.85%
UOS - 4.12%
WEB - 4.10%

Cash - 4.04%

UK Portfolio

News

This week, Beeks Financial Cloud Group PLC (LON:BKS) and Oxford BioMedica plc (LON:OXB) reported final and interim results respectively. Both businesses showed strong underlying organic growth and have much opportunity to aim at.

Trades

None

Holdings

AFM - 4.90%

ARC - 5.01%

AVON - 5.54%

BKS - 5.59%

BGO - 4.99%

CRL - 11.30%

D4T4 - 6.03%

ECSC - 4.72%

EYE - 4.94%

JDG - 5.41%

MGNS - 5.04%

OXB - 4.19%

RFX - 5.22%

SDI - 4.48%

VTC - 4.34%

WINK - 4.43%

WJG - 4.51%

XPP - 5.77%

Cash - 3.61%