@Just_a_guyI sold my small position some time ago- mainly due to...

@Just_a_guy

I sold my small position some time ago- mainly due to concerns regarding execution risk (they have a long history of not executing) and also to make space for other investments. I have also been progressively moving money to cash, as the certainty of rising interest rates means that re-allocation out of equities is in order.  

I am going to take another look after the next half update. There is a chance I miss the boat but lots of stocks are cheap right now. I think this has very limited (virtually none!) downside risk, but I just have other preferences right now.

I am not up to doing my quarterly portfolio but positions in order are (roughly)

APT & XRO 58%

CWP, ASH, KME, JCS (25%)

SRH, FRX, LVE, ANO, SSG (16%)

SES (1%)

I am most optimistic in the near term about FRX, LVE and of course APT.

I have about 8-10 stocks I am watching closely over the next 6 months to re-allocate to (assuming they don't warrant more funds than FRX & LVE). I think I have more than hit my hard limit on APT, but I am convinced that is a once in a lifetime opportunity, that due to chance (backdoor via touch) I have a good handle on (so I can get out if things go wrong).  

I am the most excited by my portfolio in a long time, apart from XRO, which is fair but I will almost certainly never sell (at least not for 5-10 years) I think everything else is substantially undervalued and have very reasonable growth prospects!

How about you?