Our 2018 stock picks out­per­formed the mar­ket

BUT WE DIDN’T ACHIEVE A POS­I­TIVE RE­TURN IN WHAT WAS A VERY DIF­FI­CULT YEAR FOR IN­VESTORS

Shares - - CONTENTS DISCLAIMER -

Our an­nual port­fo­lio of share picks has out­per­formed the mar­ket yet again, al­though we didn’t de­liver a pos­i­tive re­turn. The av­er­age share price re­turn from our port­fo­lio of 10 stocks was a 6.4% loss ver­sus a 10.2% de­cline from the FTSE All-Share.

It was a very dif­fi­cult year for all in­vestors, in­clud­ing fund man­agers, and any­one who man­aged to de­liver pos­i­tive re­turns de­serves con­sid­er­able praise.

The mar­ket pun­ished stocks with the slight­est bit of bad news, mean­ing a lot of de­cent com­pa­nies would have lost money for in­vestors in 2018 be­cause the mar­ket took a very short-term view of every­thing.

TOP OF THE CHARTS

Our best per­form­ing stock was ve­hi­cle test­ing ex­pert AB Dy­nam­ics (ABDP:AIM), up 58.1% on the year. The com­pany last month re­ported a 78% rise in full year pre-tax profit to £7.9m and said trad­ing con­tin­ued to be very good.

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