Not a lot of action from me this month as work volumes stay high. Markets chugged higher despite various worrying indicators. The Chinese government continued to provide "guidance" to it's business communities and COVID in the form of Delta continues to rumble on.
I've taken a small position in another royalty company, Duke Royalty. I rather like the Royalty model and they provide a decent dividend so I thought I'd have a little nibble whilst keeping an eye on them.
Much like the previous month, half the portfolio holdings were up and the other half down. Hargreaves Lansdown ended up down 8% after their final results informed, unsurprisingly, that the crazy speculative activity of 2020 is at an end, but they picked up new business. Anglo Pacific processed their first Cobalt deliveries from their Canadian investment. AG Barr continued it's recovery as the country slowly gets back to it's feet. BBOX carries on surfing the wave of demand in large scale warehousing.
My favourite update was from Computacenter, whose analyst forecasts are rather behind events. The business gave an amusingly prickly swipe at the naughty analysts: "After our 21 July 2021 Statement, current market forecasts have remained below the Board's expectations. This is because less than half of the analysts covering Computacenter have upgraded their forecast subsequent to the 21 July Statement."
So a rather uneventful month, not that I'm complaining as the portfolio ended up in the green, and my investments returned a record dividend yield. Here's hoping for a similarly uneventful September.
The portfolio was up +2.3% in August, ahead of my chosen benchmark (Vanguard FTSE All Share Accumulation) which was up +2.2% over the same period.
RWS Holdings +15%
Nichols -10%
