bwoodinv @bwoodinv: "April portfolio update Mixed fortunes this..."

United Kingdom

April portfolio update Mixed fortunes this month sort of cancelling on another out. The first thing to mention is the closing out of the $DIS (Walt Disney) position slightly in the green. I have held that for some months in the portfolio, with mixed fortunes what with the turmoil with management changes, difficulties with the streaming revenue model an so on. Having held for some time, it just felt like a prudent time to close out without losses on what has turned out to me a more volatile company that expected. Still in the portfolio we have the REIT positions, which as an asset class are still somewhat beleaguered due to the debt ratios and interest rate pressure of the last couple of years, and entry points still don't look very tempting. However, on balance, current positions are holding fine with $BBOX.L (Tritax Big Box REIT Plc) holding steady (neither up now down at time of writing) and $BLND.L (British Land) over 5% in the green. I do wish there was more optimism to be had with REITs, but I continue to hold back. Good old $LLOY.L (Lloyd's Banking Group PLC) continue to perform well, as it has really for the last few years, currently in the green by over 20%. Positions that are really struggling include the frustrating $PETS.L (Pets at Home Group Plc) which is down 24%. I do think this will just be a long term hold though, despite the difficulties, owing to the potential of the veterinary services to play out into an advantage in the longer term. Elsewhere in the UK, $JD.L (JD Sports Fashion PLC) keeps yo-yoing around with 4 or 5% gains and losses, so will just be a position I continue to hold for the moment.

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DIS

Walt Disney

BBOX.L

Tritax Big Box REIT Plc

BLND.L

British Land

LLOY.L

Lloyd's Banking Group PLC

PETS.L

Pets at Home Group Plc

JD.L

JD Sports Fashion PLC