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24 Jul | Incadea, Dunelm, Howden Joinery and Regus

A super quick trading update. We’ve sold off our Incadea holdings for no other reason than to lock in a little profit.

We bought into Incadea back in November 2012 – 1,237 shares at 98 pence a share. Here’s why. Today we sold out at £1.08.

At the end of April 2012, Incadea hit all time highs of over £1.30 per share, but there’s been a steady reduction in price ever since. It’s an inherent risk of holding AIM shares – often there’ll be a slide in price for no other reason than a lack of any tangible news.

AIM investors are a fickle bunch and market makers know it.

Interims are due in late September which may see an interest revival in the lead-up, but for the moment and without any news on the short-term horizon, there’s know doubt some better opportunities out there for my funds.

We’ve also taken out some very small-scale spread-bets, long on Regus, Howden Joinery and Dunelm. I’ll delve deeper into the reasons behind those purchases in the coming days.

For a little hint as to a pretty big reason, check out their respective yearly charts below (courtesy of Share Price).

 

Regus 12 month chart

Regus 12 month chart

 

Howden Joinery 12 month chart

Howden Joinery 12 month chart

 

Dunelm 12 month chart

Dunelm 12 month chart

 

Notice anything in common? Correct, the graph lines are all green. Anything else? Yep, you guessed it – have a biscuit – there’s some nice mid-term price trending going on. Never a bad thing, especially when they meet the vast majority of all the other criteria in your stock screening process.

Thanks again for dropping by.

Paul
rsvp@investorsoiree.co.uk