2021 - The year in review

[Rawz]

I am up 16.9%

Took 50% loss on PLX and 22% loss on EVO.

Big gain on MHJ 68% and solid performance from TRA, EBO, FBU & RBD. Came in late to RAK and STU but still picked up some tidy gains.

CVT, SEK, OCA and FPH did average.

Learnt a heck of a lot this year. The learnings are worth more than the gains and will serve me well in 20-30 years time when my portfolio is worth substantially more than it is today.

I have realized that I should stick to what I know. I.e. Worst performer PLX- I didn't truly understand the company or the market or what the McD contract was actually worth. I didnt know how to value it or research it. Compare this to my best performer MHJ- easy to value, easy to understand the business model, easy to understand managements strategy, easy to understand the macro backdrop impacting sales, easy to understand the PnL and balance sheet etc etc.

Going forward it will be unlikely that I will invest in a loss making entity like BLT or IKE or even ERD. Unless they can articulate a clear path to profitability- such as HMY; was loss making, currently breakeven and next few years will generate profits. I realize that I may miss the best gains of the next 'ATM' but I am okay with that and will happily take the modest late stage gains.

Guess one just needs to figure out what type of investor they are and stick to it. "Compounding is the 8th wonder of the world", all I need is 10% return a year for the next 30 years and I will retire a very rich man

Big thanks to the frequent posters on this site that freely offer up their wisdom and knowledge. This site is incredibly valuable to be honest. Often posters find substantial value in companies before analysts or fund managers do.

May we all have a blessed 2022

[hamish]

Simplified my NZX holdings this year. In part due to spending more focus, scaling investment into the ASX and US markets - View NZX portfolio as 'set and forget' to simplify my input, along with a 'focus on quality' approach.

Had a satisfactory (Mainfreight speak) year. Stocks I hold and why below.

MFT - Global growth, deep industry understanding, tailwinds due eCommerce of everything, strong culture & leadership (best NZ Co. in my view). Bought in twice.
EBO - Growth is in their DNA, investment and adjacency acquisition mindset. Bought in once. Have put in for $50k SPP cap raise.
IFT - Growth, use 'cash generating platforms' to invest in social 'platforms' (ex. according to Marko). Bought in once. Yield + DRP is a bonus
HGH - Held since a Percy post a few years back made me look into them. Consistent growth YOY, leadership does what is says - somewhat understated, invests in new markets, products and platforms. Held all year / no trades. Yield + DRP is a bonus
MEL - Steady long run assets. Big up and down due inclusion on the EFT/MCSI? indexes. In hindsight, probably could/should have sold at over $9 and bought back in cheaper....I like the look-ahead investments in future green (eg possible hydrogen, solar farms etc). Yield + DRP is a bonus.
FPH - Longterm hold for growth. Tailwinds. 15%(?I forget) revenue re-invested back into R&D, so always looking to develop that next product. CY21 was a year of consolidation (imo) after strong CY20 due COVID. Greater production scale and product saturation 'should' bode well for CY22+
RYM - Disappointing SP results this year, will continue to hold. Quality Co - I have some emerging reservations on leadership though. New village builds (Melb in particular) to be delivered next year, so SP may get re-rating once these delivered? Probably my least 'conviction' at present.

Also hold MLN and BRM as non-active (from me) exposure to AU/US also. Participated fully in warrants and DRP.. I think of them as a YOY steady tax imputed gain engine. Set and forget - The Fisher people have been safe hands past years. Lagged in 2nd half CY21(macro pressures), I actually further suspect SP may drop to 1.35 and 0.90 respectively, if so, will try buy in more in CY22.

Sold out of FRE, RBD, SKC, WBC during the year, mainly to re-invest back in to the above.
.
Can't see much/any change for CY22. I 'may' add either IKE (due possible tailwinds from US/Biden Infrastructure Bill) or PPH (rightly beaten up in CY21, overly so?). Add a little risk to the above - it's kinda a safe and boring Portfolio on the surface (but hopefully innovative and investment driven beneath)

All the best all for next year and safe holidays.
Cheers

[Chinesekiwi]

This is the sort of bat**** crazy talk that bedevils the US. We don't need or want it here.

Go away!

Here here!

The US is totally poked due to ugly political tribalism and rampant religious fundamentalism - this has no place in NZ.

It’s not who we are. I generally vote blue but that doesn’t preclude me from applauding the red team when they do well.

Keep calm kiwis 😊

[Beagle]

https://www.goodreturns.co.nz/articl...or+31+Dec+2021