💬 ᴄᴏᴘɪᴇʀ ᴜᴘᴅᴀᴛᴇ ᴍᴏɴ 6 September 2021
Happy Monday copiers! This is my final week travelling before returning to the UK. I'm hoping to return to video updates from next week.
Looking back over the past 12 months:
S&P500 12-month: +30%
wesl3y 12-month: +33%
👀 ᴡᴇᴇᴋ ɪɴ ʀᴇᴠɪᴇᴡ
1. $ASOS.L saw the largest decline in my portfolio last week (-10%) on a handful of downgrades (which still point to a share price +40% higher than the current level). ASOS is currently in growth-mode but investors are always watching their margins. Increased shipping costs and shortages are likely to affect these in the short-term. I think this is what has hit the stock recently. I've picked up a little more of the stock at these prices as this price action is bonkers. The stock is 40% off its recent highs despite double-digit growth in revenue and profit. It is also now expanding through Europe and the USA with great success
2. Our best position for the week have been in Chinese stocks which may have found a bottom. There are some bargains in China right now but I will sit on the sidelines until we see strong confirmation that sentiment is shifting. You also might've noticed a Dutch company called $PROSUS being added to the profile. This is the investment arm of a South African company, and potentially one of the most interesting companies that exist. I will devote a video to this company in coming weeks, but right now it is partially a proxy investment …
2,845 total views, 5 views today