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2022 Q1 Portfolio Review

April 14, 2022 By John Kingham

Results season is finally over, which means it’s time for the first quarterly review of the year.

I’ll start with short-term performance and then move on to long-term performance, strategy tweaks, recent trades and my outlook for 2022.

You can continue reading this article on my new website, UKDividendStocks.com:

Continue Reading…

Dear fellow investor,

This website was my home on the internet from 2008 to 2021, but I have now moved onwards and upwards to:

UKDividendStocks.com

To read the latest company reviews and other content, please head over to the new site.

Thank you

John Kingham

Comments

  1. Suraj Anand says

    December 19, 2022 at 4:38 pm

    What do you think of DS Smith John? I am 53 and approaching retirement and thought this was a good company priced at £2.50 a share. Plastics will slowly be replaced with Cardboard as a key ESG metric.

    • John Kingham says

      December 19, 2022 at 7:31 pm

      Hi Suraj,

      It seems to be quite well-placed as you say, as a leading provider of cardboard and other sustainable packaging. However, I haven’t looked at the company in detail so I don’t have any opinion on its quality or valuation.

      One thing I noticed is that it does seem to have a lot of debt. According to data from SharePad, it has borrowings of £2.3 billion, whereas its profits are typically in the £200-£300 million range. That’s a debt to earnings ratio of about eight, which I think is a bit on the high side.

      Sorry I don’t have a better answer, but as I said, I haven’t looked at it in detail.

      John

After 13 years of writing about UK stocks on this website I have now moved to my new home at:

UKDividendStocks.com

Please head over to the new site.

Thank you

John Kingham

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