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MONDAY 26TH OCTOBER 22.00GMT US stocks have worst day in a month as virus cases hit a record. U.S. stocks tumbled on Monday in thin trade, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. Travel-related stocks, vulnerable to COVID-19 related curbs, fell sharply. London stocks closed sharply lower on Monday, weighed by travel and energy stocks, while a resurgence in novel coronavirus cases stoked fears of a faltering economic recovery and dragged down European markets. The S&P 1500 airlines index fell about 5.6% while cruise line operators Carnival Corp fell 8.66% and Royal Caribbean Cruises Ltd slid 9.65%, the biggest decliner among S&P500 companies. European stocks sank on Monday, as Italy and Spain imposed fresh restrictions to control a resurgence in coronavirus cases, while shares in German heavyweight SAP slumped 20% after it cut its 2020 outlook. Cautious currency markets kept the pound subdued against a stronger dollar on Monday, but it rose slightly against the euro as an extension to Brexit talks gave markets some cause for optimism about a deal being reached before the Dec. 31 deadline. With eight days to go until the U.S. election, President Donald Trump addressed boisterous rallies in Pennsylvania while Democratic rival made a low-key appearance in the state considered crucial to the chances of victory for both men. The Republican-controlled U.S. Senate is expected on Monday to confirm President Donald Trump’s nominee, Amy Coney Barrett, as the next justice to the Supreme Court, a move that will tilt the country’s highest court further to the right for years to come. President Donald Trump and Democratic challenger Joe Biden on Monday are down to the final full week of campaigning before the Nov. 3 election, as surging coronavirus cases and a COVID-19 outbreak within Vice President Mike Pence’s staff keep the focus of the race on the pandemic. Turkey’s lira sinks to 8 against US dollar for first time. Declining relations with France and US add to concerns over Erdogan’s handling of the economy
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PORTFOLIO PERFORMANCE:2017   2019 Trades   2019  Recent Purchases: BGO  Saga   Bvc   Ltg    Ctec    Cnc  Cprx   Odx    Segro  

26Trading Activity  Sold [26 Oct] 10000 Shares in BATM Advanced Communications @ £1.08 Bought [2 Oct] 350 Shares in Canadian Solar Inc @ $35.54 Sold [1 Oct] 984 Shares in Lithium Americas Corp @ $17.06CAD Sold Bought [28 Sep] 26 Shares in Redrow plc @ £4.00 Bought [24 Sep] 3000 Shares in Bango plc @ £1.74 Sold [24 Sept] 5000 Shares in BATM @ £1.036

STRATEGY FOR week commencing 26 October. The calm before the storm would seem to be an apt statement regarding the upcoming event of Nov 3rd the US presidential election.   Last week’s final debate between the elder statesmen were more cordial in tone than before, thankfully, as polarised views on global subjects stimulated heated debated.  It might be an understatement to say that this upcoming election is one of the most unique and controversial ones yet in American history. How stock markets have performed before, during and after elections and be viewed  HERE. Stock market performance leading up to an election has also been a major indicator of the outcome. An interesting fact is that in the last 100 years, every president who averted a recession during this period was re-elected. If a president avoids a recession in the 2 years leading up to an election, it is a key indicator of re-election. You make your own view on this.   But 2020 has been different in many ways as a global pandemic hitting  many economies in retrograde motion, unemployment and plenty of domestic debt.  Historically, U.S. stocks and bonds tend to perform better during an election year compared to the year after. For international equities, the opposite has been the case; returns the year after a U.S. presidential election far exceeded those during an election year. Volatility in whatever shape will be the winner with Nov 3rd being the day when Pandora’s box may open to increased international tensions with a possible change in the governor. The continuing destabilizing effects of the pandemic continue to affect major countries’ economies as isolation and curfews are enforced on free citizens. Economic maelstrom has been the outcome with global indebtedness the now accepted norm. The multiplier effect of closed economies will lead to a reinvention of new forms of business with technology becoming more prevalent in daily lives. Last week’s news that global payment provider paypal is to embrace crypto and will soon offer its U.S. customers the ability to buy, hold, sell, and use various virtual currencies, having obtained a New York license permitting it to do so [a move long anticipated by crypto enthusiasts], is a means of catapulting cryptocurrencies into mainstream use. One must be aware of societal changes to the demise of cash as a payment mechanism and that a world without physical cash is now a distinct reality. Like driverless cars, a world without cash now the new world order. Last week the portfolio tread water with a -0.24% decline. The surprising uplift of online learning UK stock Learning Tech group saw a +10% weekly increase helped by the return to domestic learning online. UK house builder Redrow also saw an uplift with a +7% increase but despite Bellway’s return to dividend acceptance saw a weekly decline of -2%. Last week Canadian Solar was in robust form hitting $44 a share on investor positive sentiment. It ended the week on $40 a 3.7% increase on the week. Solar is a pinpoint industry likely to gain through a Biden win. Nano One materials the all battery source US company saw another weekly retreat of -7%. Patience is beginning to wear thin on this share and I retain on potential rather current performance. On wed 28Oct Omega Diagnostics provides an investor and technical update so expect volatility to be in existence before, during and after the presentation. If price explodes to the upside for omega on favourable outlook, I may look at banking profits as a consideration so that other share selections can be made for possible acquisitions pre-election. A steady hand on the portfolio throttle may be the wise course for this week. Until next time.

STRATEGY FOR week commencing 19 October   12 October  5 October     28 September  21 September  14 Sept  7 Sept  31 Aug   24 Aug  17-10 Aug    3 Aug   27 July    20 July   


Portfolio for week commencing  26th October

26 Oct 2020 US/UK Price Price Price wkcge 26 Oct Price Chart
Stock Shares Bought 16 Oct 23 Oct % 22.00gmt Now
FTSE 100 FTSE Entry 5919.58 5860.28 -1.16 5792.01 Index
NASDAQ NDX at Bid 11671.56 11548.28 -0.02 11358.94 Index
Company Symbl £ £ £ % £ $1.302
Bango plc BGO 1.49 1.55 1.54 0.00 1.54 Price£ Bgo
Bellway plc BWY 17.86 26.09 25.48 -2.94 24.73 Price£ Bwy
Canadian Solar Inc CSIQ 27.50 29.40 30.49 -35.26 19.74 Price$ Csiq
Learning Tech Grp LTG 1.24 1.20 1.33 -0.53 1.32 Price£ Ltg
Nano One material NNO 1.64 1.77 1.64 -7.88 1.51 Price$ Nno
Omega Diagnosts ODX 0.20 0.99 0.98 -3.06 0.95 Price£ Odx
Redrow RDW 4.64 4.45 4.75 -2.95 4.61 Price£ Rdw
Segro Plc SGRO 9.29 9.22 9.36 -1.43 9.23 Price£ Sgro
Spirent comms SPT 1.45 2.97 2.94 -1.36 2.90 Price£ Spt
WkyPortfolio Performance -2.31% -0.24%

Update on Shares in the Portfolio

Bellway plc 20 October

Bellway resumes dividend resumed as house orders bounce back. – Housebuilder Bellway returned to dividend payouts as reservations rose by a third at the start of the new financial year and despite annual profits falling 66% due to the coronavirus shutdown. Overall reservations were up by 30.6% to 239 per week in the nine weeks since 1 August. The forward order book at October 4 was £1.86bn compared to £1,311.6bn in 2019. Pre-tax profits fell to £236.7m from £666.2m on revenue down 30.7% to £2.2bn. The total dividend was cut to 50p a share from 150p a year earlier, but still a welcome return for investors after dividends were scrapped amid the coronavirus pandemic. Bellway added that it expected to increase the quantum of future dividend payments over time. Bellway said it expected to complete the sale of around 9,000 homes at an expected average selling price of around £290,000 for the year to July 31, 2021.

Omega Diagnostics 7 October

Omega Diagnostics shares up as UK govt orders 1m Covid test kits. Omega Diagnostics shares received a boost on Wednesday as on news the UK government had placed an initial order for one million of its Covid-19 rapid tests. The company is part of the UK Rapid Test Consortium, which on Tuesday announced the order for the antibody tests. The order is part of government plans to roll-out Covid-19 surveillance studies to help build a picture of how the virus had spread across the country. The test uses a small drop of blood from a finger-prick and showed results in 20 minutes, without the need for a patient sample to be sent to a laboratory, Omega said in a statement. “Omega expects to manufacture approximately 175,000 of these first one million tests but over the term of this supply agreement, Omega will manufacture not less than 25% of the demand from total orders placed, either from the UK government or, where allowed, third party customers,” it added.Omega chief executive Colin King said: “I am delighted that the UK-RTC has now received its first contract from the UK Government for our COVID-19 lateral flow antibody test.”

Omega Diagnostics 6 October

Government invests in UK-developed antibody tests from UK Rapid Test Consortium in which Oega Diagnostics is part of. The government has signed a deal with the UK Rapid Test Consortium (UK-RTC) for one million antibody tests, Health Minister Lord Bethell has announced. The tests have been produced and manufactured by British diagnostics companies including Abingdon Health, BBI Group Holding Limited, CIGA Healthcare Limited, and Omega Diagnostics Limited in the UK Rapid Test Consortium set up at the start of the pandemic ‒ and demonstrate how, supported by government investment, the UK diagnostics industry is leading on the global stage in the efforts to tackle COVID-19.

Learning Technologies Group 22 September

Learning Technologies delivers ‘resilient’ H1 performance. Digital learning services group Learning Technologies said on Tuesday that it had delivered a “resilient performance” in the first half of 2020 despite the ongoing Covid-19 pandemic. Learning Technologies posted a 2% year-on-year improvement in revenues to £64.1m but also turned in a 5% drop in adjusted underlying earnings to £18.4m as margins contracted to 28.7% from 31.1%. Recurring revenues increased to 81% from 74% and earnings per share were up 1% at 2.251p. As a result of the “robust performance and cash generation”, the AIM-listed group said it intends to reinstate its 2019 final dividend of 0.50p – in addition to a proposed interim dividend of 0.25p. Chief executive Jonathan Satchell said: “High levels of recurring revenue, momentum for new sales and an improving order book support the Board’s confidence of delivering FY20 results in line with market expectations. Separately, Learning Technologies announced the proposed acquisition of Australian learning management systems commercial provider eCreator for an initial consideration of AUD $5.5m (£3.1m). The acquisition will be funded from existing cash and was pegged to be immediately earnings enhancing.

Bango Plc 9 September

Bango Plc enters partnership with streaming provider ODK Media. Mobile commerce company Bango Plc has entered a partnership with ODK Media to increase access to ODK’s Korean and Chinese video streaming subscription service. The AIM-traded firm said that, by partnering with Bango, ODK streaming services would be easy for telcos to offer to their customers. By bundling the services with mobile and fixed-line subscription plans, “millions” of Korean and Chinese-speaking customers would be able to subscribe to the service. ODK Media operates an over-the-top (OTT) platform that provides Korean and Chinese television shows to consumers around the world under the brands. and The initial focus of the partnership would be on mobile operators in North America.

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