31/8/17

Trade 5- Proactis PHD 570 shares bought at 178p (SL 149), £1020 (£5 comm). Bought in isa, as spread for spb was 6%.

Reasons-  Growth company mc 167 mill (computer/software services).  Trading update 22/8 v pos. P/E 15, peg 0.6, 1% y, roce 6%, z 7, pit 4, cr 0.6. No recent dir buy/sells. News/research pos.

The roce is far less than I would like and the Pit score and cr are also low. It's the low peg and the positive trading statement that have attracted me.


1/9/17

Trade 6- Everyman (EMAN) 606 bought at 167p (SL 139), £1010, £10 comm.

Reasons- Growth company (posh cinemas) mc ~90 mill. P/E 31 peg 0.6, roce 1.4%, pit 7, z 6, cr 0.6. Dir buying in April. Half yearly report (1/9) pos, news/research pos.

This is a roll-out. The p/e is higher than I like and the roce paltry. I did quite well with Prezzo, set up by the same entrepreneurs (less well with Tasty). The roce would have to be higher for me to invest longer term. The peg, outlook and director buying have influenced me. A better price would have been good; I was tempted after the trading statement in July, but dithered and then forgot.