Purchase of Moody's and ME Group International

Happy New Tax Year if your year started on the 6th April as in the UK and what’s more for the last couple of days or so I’ve spent filling in my return for the previous year and sent it off.

I even found time to top up my ISA with the annual limit of £20,000. My policy is not to try and guess what the markets are going to do next. I just make decisions on practical considerations like, is this a company I would like in my portfolio after considering the ratios I produce in the spreadsheet. I look for the latest news on the company and if everything looks good I buy. Very simple.

My first purchase was ME Group International. I aready had a small holding and was pleased I could add another 5782 shares at a cost of £9999.24.

The updated updated data table is included below. It is important to look at this in relation to the company accounts. An example of what I mean is comparing Capital Expenses with Depreciation and Amortisation, you will notice Capital Expenses are greater. One of the reasons could be investments in the business over and above that required for Depreciation and Amortisation purposes.

Looking through the accounts you will see statements to this effect.

The final paragraph of the chairmans statement

“The Board expects the Group to achieve continued revenue and earnings growth in the financial year ahead, building on the success of FY 2023, subject to any major changes to the macroeconomic environment.”

Moody’s

I wrote about Moody’s on the 18th March and I am pleased to to have a holding in what I consider to be one of the US’s special companies so I purchased 32 Moody’s at £10457.49.

The revised Portfolio

Particular companies that I think are potential buys at the moment are Pepsico, Texas Instruments, Qualys and Home Depot.