Venture: Portfolio Update

Issue 50

It has been an unusually quiet month at Venture as the market digests the major changes in the outlook following the Trump landslide victory. While there have been well-flagged moves in crypto and Tesla, markets have been surprisingly thin, especially in UK and European small and mid-caps.

Don’t get me wrong, there are plenty of undervalued small and mid-cap stocks, many of them excellent companies, but they aren’t going up at present. Market breadth appears to be weak. In this review, I cover the main movers and key events and look at the roll-off, which are the companies that have been on the list for a year.