I hope your portfolios have all benefited from the post-election bounce we’ve seen in the market. My main personal portfolio has done relatively well, thanks to exposure to unloved UK-focused sectors such as banking, insurance, commercial property and utilities.
Interesting, the Stock in Focus (SIF) fantasy fund I run here at Stockopedia did not enjoy quite such a strong bounce on Friday. But some of my small cap picks – such as Medica (NHS contractor) and Michelmersh Brick Holdings – enjoyed decent gains on Monday.
I guess this reflects the more limited liquidity and trading volumes of these stocks. As often happens, it looks as though savvy small-cap investors could have bought early on Friday, before institutional buying started to move prices.
What’s new: This week I’m going to be taking a closer look at Wilmington, an education and networking business. This stock has appeared in my screening results recently, but is otherwise unknown to me. However, I note that small cap specialist Premier Miton has recently taken a 9.4% stake. So I’m interested to learn more.
Before I do that, I want to complete an overdue task I promised…
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