• Text size      
  • Send this article to a friend
  • Print this article

John Phelps's portfolio

We were forced to evict another three tips from our investment portfolios last week when alternative energy company Infinis and Scottish technology groups Iomart and Optos all fell back to their published stop/loss levels.

The disposals realised a small overall profit and came after a period of general stock-market weakness as a result of Ukraine uncertainties and concerns over financial weaknesses in the Chinese economy. We believe the three shares now look undervalued on all published information, but are aware of the potential for unpleasant surprises among smaller companies and will await further trading news before deciding whether to re-invest.

In the meantime, we refreshed the portfolios with a further notional investment in Glasgow-based Smart Metering Systems and new purchases of catalogue shopping group N Brown and the Close Brothers banking concern. We have set out usual stop/loss levels, 10% below current prices, at which we advise readers to consider selling on any setback.

Our 2014 portfolio was the best of a disappointing bunch last week, limiting its overall fall to just 0.5%, despite the loss of both Infinis and Iomart. The others recorded loss of around 2% after particular weakness in Optos and brewers Greene King and Fuller Smith & Turner on worries about higher grain prices.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

222906