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Share tips update: Meta Platforms and ME Group

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We saw relatively little portfolio activity in March, with most of our portfolios looking quite healthy now. Of particular note is James Coffey’s CMC Markets LON:CMCX pick, which is now up +131.2% since he wrote it up. Our gold bet, which we kept on the books in the short term trading portfolio, also came good as the gold price soared in March.

We had almost doubled our money in Yellow Cake LON:YCA thanks to the surge in uranium prices by the end of the month. Other notable gainers include Nvidia NASDAQ:NVDA, up 95.4%, and Babcock LON:BAB up 79%.

It remains a tough environment for stock picking. There are several factors still working against the small and mid cap space, not least of which are dysfunctional markets, an ongoing obsession with the interest rate cycle, and the conflict in Ukraine. March also saw investors worrying about escalation in the Middle East war, a theme we saw playing out further in early April.

ME Group

ME Group LON:MEGP joined James Coffey’s FTSE 350 pick list. The company is probably best known for its photo booths, but has also built up a considerable market in launderette machines. It is also now getting into food vending and instant printing. James likes the fact that it is cash rich with attractive unit economies. Profits in terms of earnings per share have grown 30%. ME Group recently joined the FTSE 250, has raised its dividend and begun a small share buyback programme.

Meta Platforms

Raine’s North American stock of the month was Magnificent 7 member Meta Platforms NASDAQ:META. He likes it because he believes it is one of the best adaptors of AI technology so far in 2024. The Meta Platforms results from last quarter and the whole of 2023 saw the share price grow for shareholders 322% over two years. This helped to address the demands from large investors in Meta, notably from Silicon Valley where investors have started to demand that large tech companies should also concentrate on the bottom line as well as top line growth.

Sold in March: Globalstar [NYSE:GSAT]

So how are our picks getting on?

James Coffey’s FTSE 350 share tips

Company/Instrument Start price Current price* Percentage change Report
Volution Group LON:FAN GBX 379.80 423.50 +11.5% Report
Rightmove LON:RMV GBX 512.00 532.40 +4.0% Report
CMC Markets LON:CMCX GBX 98.63 228.00 +131.2% Report
JD Sports [LON:JD] GBX 115.00 133.05 +15.7% Report
Entain LON:ENT GBX 973.80 757.60 -22.2% Report
ME Group LON:MEGP GBX 166.00 164.20 -1.1% Report

*Prices as of close of play on 29 March 2024

Raine Lahtinen’s US stock tips

Company/Instrument Start price Current price* Percentage change Report
Nvidia NASDAQ:NVDA USD 462.41 903.63 +95.4% Report
Skechers NYSE:SKX USD 48.29 61.32 +27.0% Report
Palantir Technologies NYSE:PLTR USD 17.79 22.86 +28.5% Report
General Dynamics NYSE:GD USD 244.83 291.55 +19.1% Report
Palo Alto Networks NASDAQ:PANW USD 340.00 279.42 -17.8% Report
Live Nation Entertainment NYSE:LYV USD 88.00 104.22 +18.4% Report
Meta Platforms NASDAQ:META USD 506.00 491.35 -2.9% Report

*Prices as of close of play on 29 March 2024

Tactical trading portfolio

These are shorter term equity and commodity trades which we can see playing out within one to three months. We will sometimes keep these on longer if the trade is still quite range bound but we are anticipating further upside. These trades have the tightest risk parameters.

Company/Instrument Start price Current price* Percentage change Report
Raytheon Technologies NYSE:RTX USD 73.32 97.76 +33.3% Report
SPDR Gold Shares ETF [LON:0KZF] USD 173.00 210.32 +21.6% Report
Arbuthnot Banking Group plc LON:ARBB GBX 947.00 1,045.00 +10.3% Report
CDW NASDAQ:CDW USD 174.00 253.06 +45.4% Report
Severn Trent (Short Trade) LON:SVT GBX 2574.00 2,489.00 +3.3% Report
iShares 0-3 Month Treasury Bond ETF [NYSEARCA:SGOV] USD 100.38 100.29 -0.1% Report

*Prices as of close of play on 29 March 2024

Longer term buy and hold portfolio

These are positions where we see a longer term growth scenario, usually in the small to mid cap space, but sometimes larger companies. We will typically be keeping these stocks on the list for at least six months and often longer. Consequently our risk tolerance is higher for these positions than for the trading list.

Company/Instrument Start price Current price* Percentage change Report
Yellow Cake LON:YCA GBX 211.50 629.50 +197.6% Report
Nordnet [STO:SAVE] SEK 152.20 197.70 +29.9% Report
First Rand [JSE:FSR] ZAC 5,229.00 6,116.00 +17.0% Report
Turkish Airlines [IST:THYAO] TRY 13.86 297.75 +2048.3% Report
Live Nation [LON:0JVD] USD 81.78 103.83 +27.0% Report
Airtel Africa LON:AAF GBX 109.60 104.80 -4.4% Report
Riverstone Energy [LON:RSE] GBX 566.00 891.00 +57.4% Report
VinaCapital Vietnam [LON:VOF] GBX 498.00 463.50 -6.9% Report
Implenia [SWX:IMPN] CHF 26.95 32.60 +21.0% Report
Babcock LON:BAB GBX 291.00 521.00 +79.0% Report
Gaming Realms LON:GMR GBX 25.00 33.50 +34.0% Report
Michelmersh Brick Holdings LON:MBH GBX 97.14 99.00 +1.9% Report
Tsukada Group [TYO:2418] JPY 417.00 446.00 +7.0% Report
Indian Investment Trust [LON:IGC] GBX 137.50 162.00 +17.8% Report
Literacy Capital LON:BOOK GBX 505.00 482.00 -4.6% Report
Attendo [STO:ATT] SEK 37.20 41.45 +11.4% Report
Ichigo [TYO:2337] JPY 367.00 463.00 +26.2% Report
Fabasoft Group [FRA:FAA] EUR 22.50 20.20 -10.2% Report

*Prices as of close of play on 29 March 2024

Venture portfolio

These are companies which we see as having long term and considerable growth prospects. Due to their size and the nature of the business they are in, we feel that our normal risk management constraints should not be applied to these stocks.

Company/Instrument Start price Current price* Percentage change Report
Nano One [TSE:NANO] CAD 1.13 1.84 +62.8% Report
Kodiak Copper [CVE:KDK] CAD 0.24 0.66 +175.0% Report
Euro Manganese [CVE:EMN] CAD 0.44 0.09 -79.5% Report
Thunderbird Entertainment [CVE:TBRD] CAD 1.05 1.96 +86.7% Report
Pineapple Power LON:PNPL GBX 5.64 2.74 -51.4% Report
Atlas Salt [CVE:SALT] CAD 0.82 0.77 -6.1% Report
Net Zero Infrastructure LON:NZI GBX 4.50 1.35 -70.0% Report
Electric Guitar LON:ELEG GBX 4.00 2.10 -47.5% Report
Fortitude Gold [OTCMKTS:FTCO] USD 6.70 5.31 -20.7% Report
FPX Nickel Corp [CVE:FPX] CAD 0.50 0.31 -38.0% Report
Medigene AG [ETR:MDG1] EUR 2.40 2.19 -8.8% Report
Sogeclair [EPA:ALSOG] EUR 22.90 21.90 -4.4% Report
Warpaint London LON:W7L GBX 168.50 412.50 +144.8% Report
Synectics LON:SNX GBX 119.00 167.50 +40.8% Report
Perimeter Medical Imaging [CVE:PINK] CAD 1.92 0.87 -54.7% Report
Shin Maint Holdings [TSE:6086] JPY 1,686.00 1,419.00 -15.8% Report
Smith-Midland NASDAQ:SMID USD 41.00 47.07 +14.8% Report

*Prices as of close of play on 29 March 2024

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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