Portfolio Review 9th October 2017

BAE Systems PLC (BA.)
The 200-day MA is at 622 and the SP is holding at about that level. I'm expecting the SP to grow stronger in the next 6 months and it should regain the level it was trading between 660-670.
The company has a massive forward order book and, with the current issues in the World, it would seem to me that demand for the company products will increase, and with it will increase the company profits. I remain a holder.

Bango PLC (BGO)
A new holding for the SIPP (see previous blog). The intention is to build-up a holding representing about 5% of the value of the SIPP. Buying.

G4S PLC (GFS)
The SP is in the 276-286 range and my dilemma is which way is the SP going to go next? The recent weakness is due to the scandals in the domestic market are not good for the image of the company.  However, fundamentals are sound. Revenue is growing, and so are profits, and the dividend is being maintained. Their work may be under scrutiny, but by far the majority of the workforce do a great job. I remain a holder and will likely increase the holding if the SP drops below 270, which is unlikely at the time of writing.

GVC Holdings PLC (GVC)
On of the success stories of the SIPP.  Yes, GVC is involved in the gambling industry, but has remained on track and very profitable. Revenue is growing very quickly and all broker forecasts suggest an SP of between 875-1000 is possible within the next 6 months. Very much a hold, and I would be very surprised if we ever see an SP below 700 again.

Lancashire Holdings PLC (LRE)
The devastating hurricanes in the USA this summer will have had an effect on the SP as the company increased its "disaster" insurance with exposure to hurricanes earlier this year (a management mistake in hindsight).  However, LRE is one of only 3 specialist "Lloyds" insurers listed on the London Stock Exchange and it would be no surprise to see a bid if the SP drops below 670 for any sustained period.

Legal & General Group PLC (LGEN)
The half-year results which reported a 27% increase in profits, and after a brief period of weakness (the SP touched 250 in mid-September) the SP has strengthened and we could see 270-290 before the year ends.  Again, this remains a hold.

Paysafe Group PLC (PAYS)
The bid has been accepted at 590p per share, and I await the conclusion of the bid process.

Sage Group PLC (SGE)
With most of my holding bought at around 650 earlier this year, I'm not expecting major movements in the SP. However, Sage is a strong company and has broken above the 50-day MA and the SP is testing the all-time-high. This remains a hold.

Segro PLC (SGRO)
I love this company. Even since I became involved way back in August 2014 (3 years ago) with the SP at 356 this company has done nothing wrong.  My last purchase was at 407 in July 2015.  This company remains a very strong hold.

Senior PLC (SNR)
A recent addition to the portfolio in April this year at an ave price of 207 - I bought into this company as it is involved in aerospace and defence and I thought it was oversold at below 200 after hitting a high of 354 in April 2015. There may not be much further growth in the SP above 300.