Investment Portfolio Overview – November 2020

Oh, November, what have you brought me. Explosive growth. Absolutely killing it. My portfolio literally jumped up in value and surpassed all the benchmarks in the 2020 performance so far.
The catalysts making this gain possible came down to the announcement of a vaccine for covid 19 and the outcome of the 2020 presidential election in the US. Both reduced uncertainty in the market, which consequently led to impressive growth rates for a few industries. I managed to concentrate my portfolio in the months before to exactly those industries, hence now enjoying a wild ride to new highs.
I hope you enjoy reading my investment portfolio review for November 2020.
Let me know any questions in the comments section below.

Table of Contents

Performance

Performance November 2020

1-month Performance Dan Schenk Life Investment Trust - Investment Portfolio Review November 2020

November was an absolute blast of a month. Wow, my holy cow. My portfolio jumped up by 25.6%. My single best month of all time. My value investing strategy finally paid off. While most of the benchmarks certainly also had a very solid month, I managed to approximately double their performance.
So what was the good news last month? We had a few catalysts in the market, most notable the news about an upcoming vaccine for Covid-19 as well as the presidential election in the US.
Excited now what the final month of 2020 will bring.
Here are the benchmarks:

  • FTSE UK All Share Index: 13.4%
  • FTSE 100: 12.0%
  • FTSE Mid 250: 12.7%
  • Vanguard Total World Stock ETF: 12.2%

On the year-to-date performance, I am now up a solid 17%. What a turnaround. In October I was still wondering, whether I will make the break-even in 2020 to now being up almost 20% on the year.
The FTSE benchmarks are still in the red and will likely end 2020 in the red, while the Vanguard ETF is back in the green with a 10% gain, however, I managed to easily surpass it, which finally puts me on the first position YTD.
Here are the benchmarks: 

  • FTSE UK All Share Index: -13%
  • FTSE 100: -17%
  • FTSE Mid 250: -11%
  • Vanguard Total World Stock ETF: 10%
Cumulative Performance Dan Schenk Life Investment Trust - Investment Portfolio Review November 2020

Counting since the injection of the DSL Investment Trust, I’m now up 20%, which is the highest level it has ever been so far. That still puts me second to the Vanguard ETF, however now in a very much more reachable position than before. Will I be able to come out on top at the End of the year? December will tell.
The UK based indices are still all in the red and will need a strong 2021 to come back into the green.
Here are the benchmarks:

  • FTSE UK All Share Index: -2%
  • FTSE 100: -16%
  • FTSE Mid 250: -2%
  • Vanguard Total World Stock ETF: 27%

Biggest Gainers

Cineworld Group PLC, +109%
Cinemas, which were especially battered down by the pandemic had a real revival after the announcement of the vaccine, which should bring life back to normal for most of the world. While cinemas are still closed mostly and new movies are pushed back to 2021, now that there’s a bright light at the end of the tunnel, investors were ploughing into this one. The result: A 100% gain in a single month. Incredible. I’m looking to further add to my position on the next drop, while the company is still massively undervalued with a book-to-market ratio of only 0.2.

  • Current Price: 58p
  • Target Price: 280p
  • Plan to add to position: 40p
  • Book to Market Ratio: 0.2
  • P/E Ratio: 1.7
  • Dividend Yield: 21.5%
  • Investment Type: Value

Saga PLC, +81%
The travel sector was obviously another one which took a major hit in 2020. The vaccine also made this fly high again. Saga is still very mich undervalued, even after an 80% rise in price last month, so I’m looking to further add to my position on the next drop.

  • Current Price: 256p
  • Target Price: 1400p
  • Plan to add to position: 210p
  • Book to Market Ratio: 0.5
  • P/E Ratio: 1.65
  • Dividend Yield: 9.1%
  • Investment Type: Value

Micro Focus International PLC (LSE), +64%
Micro Focus, a software company, which has been heavily declining in recent years, also made a good gain last month. They announced they will finish the year in line with forecasts, however, I’m still not seeing a return to profitability just yet. Before I further add to my position, I’m waiting for profits to come in. Until then, I’m waiting on the sidelines.

  • Current Price: 356p
  • Target Price: 2300p
  • Plan to add to position: N/A
  • Book to Market Ratio: 0.3
  • P/E Ratio: N/A
  • Dividend Yield: 13.1%
  • Investment Type: Value

Biggest Losers

Thor Mining PLC ORD 0.01P, -14%
Thor Mining, a miner without running operations yet, declined last month, although after a very strong increase in the months before. So this might just be a pullback before we advance to new highs. In any case, I’m sitting on the sidelines watching until we either see profitable operations running or we magically hit my target price of 4p anyway, where I would comfortably liquidate my position.

  • Current Price: 0.9p
  • Target Price: 4p
  • Plan to add to position: N/A
  • Book to Market Ratio: 1.1
  • P/E Ratio: N/A
  • Dividend Yield: N/A
  • Investment Type: Growth

AB Dynamics PLC, -10%
AB Dynamics, a manufacturer of industrial products has seen a decline last month of 10%. They were struggling a bit with covid as well, however, managed to keep their share price somewhat stable. I consider them to be overpriced right now, so not going to add to my position.

  • Current Price: 1740p
  • Target Price: 2700p
  • Plan to add to position: N/A
  • Book to Market Ratio: 4.7
  • P/E Ratio: 36.17
  • Dividend Yield: 0.2%
  • Investment Type: Growth

Frontier Developments PLC ORD 0.5P, -5%
Frontier Developments, in the video games business, seen a bit of a decline in November, but not too much. I was actually getting ready to sell my position the months before, but they didn’t quite hit my target price after all. Consequently, I keep it in my portfolio for now and keep on watching what time will do with it.

  • Current Price: 2420p
  • Target Price: 3200p
  • Plan to add to position: N/A
  • Book to Market Ratio: 11.5
  • P/E Ratio: 68.4
  • Dividend Yield: N/A
  • Investment Type: Growth

Holdings

Top Holdings

Below the Top 10 holdings as of November 2020.

A small reshuffle last month, due to aggressive gains in some parts of my portfolio.
Cineworld Group PLC is now amongst the Top 10 of my holdings, jumping to the 7th position. On the other hand, Evraz got kicked out of the Top 10, while my Cash holdings moved down one position.

NrHolding% of Portfolio
1Scottish Mortgage Investment Trust PLC9%
2Kier Group PLC6%
3Cash6%
4Royal Dutch Shell PLC5%
5Saga PLC5%
6Frontier Developments PLC5%
7Cineworld Group PLC4%
8Iqe PLC4%
9easyJet PLC3%
10Tr European Growth Trust PLC3%
Portfolio Exposure - Dan Schenk Life Investment Trust - Investment Portfolio Review November 2020

New Positions

After going on a massive spending spree in September and October, I didn’t enter any new positions in November.

Closed Positions

No closed positions in November


I hope you find my investment portfolio recap for November 2020 useful. How did your portfolio perform last month and have you bought or sold any shares? Let me know in the comments section below, I’d love to discuss.

If you want to read more about investing in general, why not start with my guides to Value Investing, Growth Investing or Income Investing?

Struggling with your investment returns? Good news! You can now invest in the Dan Schenk Life Investment Trust to truly bring your investment returns to the next level. Or if you rather want to conquer the market yourself, book your free investment consultation below. No payment details needed – no strings attached!

And as always, please let me know any questions in the comments section below.

Dan Schenk

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