Our weekly tips section provides investment ideas in considerable volume over the course of a year (170 buy ideas and 22 sell ideas, not including the four tips in this issue). Making sense of how we've done over so many discrete time periods and with tips from so many different indices and sectors is somewhat byzantine. The way I try to come up with a few sensible numbers that may give readers an indication of how our weekly tips have done is to assess each tip against the index it heralds from (FTSE 100, 250, Small Cap, Fledgling, Aim or an international index).
It’s all relative
The issue of weightings and the importance it gives to large resources companies is particularly significant for the FTSE 100 (used in this analysis) and the FTSE All-Share (not used in this analysis). Indeed, a comparison between the standard FTSE 100 index and the equal-weighted version that FTSE also produces (there are not similar equal weighted versions currently available for FTSE's other mainstream indices) shows just what an uphill struggle it has been for investors who have been underweight in resources this year (see table). However, it should be noted that in previous years - as shown by the three- and five-year figures - a disregard to index weightings has been an advantage.
FTSE 100 vs FTSE 100 equal weighted
| To 30 Nov | YTD total return | 3 Yr total return | 5 Yr total return |
|---|---|---|---|
| FTSE 100 | 13.0% | 14.1% | 48.4% |
| FTSE 100 equal weighted | 7.4% | 18.1% | 62.8% |
Source: FTSE Russell
The other indices I monitor our tips against do not suffer quite the same issues with weightings as the FTSE 100, but the humongous returns from many resources stocks still means it has been tough for shares from other sectors to keep pace with the wider market. Indeed, recent research by Morningstar and our sister publication the Financial Times found that only a little over a fifth of active UK companies funds outperformed the market in the 11 months to the end of November, compared with just over 70 per cent last year.
The returns from underlying stocks from the FTSE All-Share illustrates this issue too. The chart below shows the distribution of returns from all FTSE All-Share constituents (as of the start of the year). Around two-thirds have done worse than the 11.1 per cent total return achieved by the index itself.
Distribution of total returns from FTSE All-Share ex investment trust index
Meanwhile returns by sector also look very skewed towards resources and the industries that serve them. The chart below shows sector performance relative to the index and it is worth bearing in mind that some of these sectors are made up of very few stocks, such as industrial metals & mining (Evraz and Ferrexpo), auto & parts and forestry & paper. However, the general picture from the bar chart below reinforces the view that it has been very hard to beat the market in 2016 without focusing on the dominant theme of the recovery in resources stocks and affiliate parts of the market such as industrial engineers and oil services companies.
Sectors relative to FTSE All-Share
Break it down
Given the context, it doesn't feel all that bad to be reporting that a little less than half of the buy tips registered outperformance. And that the tips have produced a decent margin of average outperformance overall at almost 1.9 per cent.
We take heart from the fact that we managed to pick a number of big winners from the resources sector, which helped push up average outperformance. The success with the resources tips is arguably especially important this year because we made the decision to avoid the sector with our Tips of the Year as we felt the downturn was still playing out. Our tactic instead was to start tipping more shares in exposed sectors in the tips of the week section of the magazine when (and if) there were signs of momentum returning to this part of the market. In the event, we didn't have long to wait as the turn in the market began in February.
The contribution from tips in the resources sector can be seen in the strong performance of our speculative tips during the year (see table).
| Tip type | Index relative performance |
|---|---|
| Speculative | 10.9% |
| Income | 4.8% |
| Growth | 0.4% |
| International* | -0.5% |
| Value | -6.1% |
Source: S&P CapitalIQ
*The 6 international tips made during 2016 are also included among the other tip types
What's more, the sector breakdown of our buy tips shows that a decent proportion of our tips have come from sectors containing the resources stocks (materials and energy) as well as those sectors that are home to companies selling to resources companies (industrials).
Buy tips sector breakdown
Buy tips index breakdown
Buy tip performance relative to index
What a sell out!
Unfortunately during the year we also sold a few resources stocks and engineers exposed to the sector that we felt had got ahead of themselves. Some of these were closed out quickly (Evraz actually proved quite a success), but overall market momentum blasted through these calls and left our sell recommendation reeling. As we proportionally make far fewer sell than buy calls during each year, this made for a particularly ugly outcome, with the sells showing a 3.8 per cent outperformance (the aim is to have them underperform).
The table below shows all the buy and sell recommendations for the year and their mid-to-mid price performance as well as their performance relative to the index and the date the tip was published. While the performance of the sells is poor, we feel the buy recommendations have not done badly given the challenging nature of the year for unconstrained investors trying to outperform the index. That said, the large number of tip ideas we produce means the outcome is always likely to be pushed towards the market's mean average, which in some regards could be argued to have actually played to our favour in 2016 given the significant potential more concentrated portfolios have had for underperforming.
The tips lowdown
Performance is based on share price movements from the tip publication date to present, or when the tip was closed out. The data source used for the tips means we do not include the contribution from dividends, however the average yield of 2.7 per cent is slightly ahead of the yield from the relevant indices of 2.4 per cent (this is made up of a 3.8 per cent yield from the FTSE 100 for tips from that index, 2.8 per cent from the FTSE 250, 2.9 per cent from FTSE Small Cap and 1.6 per cent from Aim). Performance is looked at on a mid-to-mid basis, but for reference, the tips' average spread (the difference between what shares can be bought and sold for) this year is 0.3 per cent. Essentially, the slightly above-index yields from our tips this year is offset by the spread. As we tip shares all the way through the year, the average tip period for the review is slightly less than half a year (in terms of performance, it may be more appropriate to regard this as a review of a half-year).
2016 BUYS
| Name | TIDM | Tip date | Name | Sector | Mid-to-mid | Index performance | Relative to index | Date closed out |
|---|---|---|---|---|---|---|---|---|
| Hochschild Mining | HOC | 17/03/2016 | FTSE 250 | Materials | 185% | 5.1% | 171% | - |
| Hurricane Energy | HUR | 12/05/2016 | FTSE AIM | Energy | 196% | 13% | 161% | - |
| Tharisa | THS | 11/08/2016 | FTSE SmCap | Materials | 103% | 3.4% | 96% | - |
| Keywords Studios | KWS | 19/05/2016 | FTSE AIM | Information Technology | 84% | 14% | 62% | - |
| Wireless | t/o | 05/05/2016 | FTSE SmCap | Consumer Discretionary | 76% | 10% | 60% | 21/10/16 |
| ARM | t/o | 25/02/2016 | FTSE 100 | Information Technology | 79% | 15% | 56% | 02/09/16 |
| Micro Focus International | MCRO | 04/02/2016 | FTSE 250 | Information Technology | 66% | 10% | 51% | - |
| Alternative Networks | AN. | 04/08/2016 | FTSE AIM | Telecommunication Services | 33% | -9.6% | 48% | 22/11/16 |
| Faroe Petroleum | FPM | 04/02/2016 | FTSE AIM | Energy | 74% | 18% | 47% | - |
| JD Sports Fashion | JD. | 18/02/2016 | FTSE 250 | Consumer Discretionary | 53% | 9.5% | 40% | - |
| Anglo Pacific Group | APF | 02/06/2016 | FTSE SmCap | Energy | 51% | 9.7% | 38% | - |
| Sierra Rutile | SRX | 16/06/2016 | FTSE AIM | Materials | 56% | 14% | 37% | 06/12/16 |
| JUST EAT | JE. | 12/05/2016 | FTSE 250 | Information Technology | 41% | 6.3% | 32% | - |
| CRH | IR:CRG | 04/02/2016 | ISEQ | Materials | 37% | 4.3% | 31% | - |
| Somero Enterprises, Inc. | SOM | 10/03/2016 | FTSE AIM | Industrials | 52% | 18% | 30% | - |
| Focusrite | TUNE | 05/05/2016 | FTSE AIM | Consumer Discretionary | 45% | 14% | 28% | - |
| Hostelworld Group | HSW | 23/06/2016 | FTSE SmCap | Consumer Discretionary | 40% | 9.6% | 27% | - |
| Lifeline Scientific | t/o | 14/04/2016 | FTSE AIM | Healthcare | 40% | 11% | 26% | 08/12/16 |
| Burford Capital | BUR | 06/10/2016 | FTSE AIM | Financials | 25% | -0.6% | 26% | - |
| Ophir Energy | OPHR | 03/11/2016 | FTSE SmCap | Energy | 28% | 2.5% | 25% | - |
| SSP Group | SSPG | 03/03/2016 | FTSE 250 | Consumer Discretionary | 32% | 5.8% | 24% | - |
| Norcros | NXR | 27/10/2016 | FTSE SmCap | Industrials | 25% | 0.8% | 24% | - |
| Telecom Plus | TEP | 21/01/2016 | FTSE 250 | Utilities | 38% | 12% | 23% | 22/11/16 |
| Clinigen Group | CLIN | 12/05/2016 | FTSE AIM | Healthcare | 39% | 13% | 23% | - |
| Central Asia Metals | CAML | 31/03/2016 | FTSE AIM | Materials | 42% | 16% | 23% | - |
| Atalaya Mining | ATYM | 26/05/2016 | FTSE AIM | Materials | 37% | 12% | 22% | - |
| SuperGroup | SGP | 27/10/2016 | FTSE 250 | Consumer Discretionary | 21% | 0.8% | 20% | - |
| Spectris | SXS | 07/04/2016 | FTSE 250 | Information Technology | 26% | 6.0% | 19% | - |
| Shire | SHP | 17/03/2016 | FTSE 250 | Healthcare | 24% | 5.1% | 18% | - |
| Science in Sport | SIS | 27/10/2016 | FTSE AIM | Consumer Staples | 17% | -0.2% | 18% | - |
| OneSavings Bank | OSB | 10/11/2016 | FTSE 250 | Financials | 15% | 0.3% | 15% | - |
| Mattioli Woods | MTW | 15/09/2016 | FTSE AIM | Financials | 16% | 2.4% | 14% | - |
| Brewin Dolphin Holdings | BRW | 04/08/2016 | FTSE 250 | Financials | 17% | 2.7% | 14% | - |
| Chemring Group | CHG | 17/03/2016 | FTSE SmCap | Industrials | 26% | 11% | 14% | - |
| Vesuvius | VSVS | 09/06/2016 | FTSE 250 | Industrials | 16% | 3.5% | 12% | - |
| Shanta Gold . | SHG | 14/04/2016 | FTSE AIM | Materials | 25% | 12% | 11% | - |
| Safestyle Uk | SFE | 24/11/2016 | FTSE AIM | Industrials | 12% | 0.4% | 11% | - |
| Equiniti Group | EQN | 10/03/2016 | FTSE SmCap | Information Technology | 25% | 13% | 11% | - |
| Aldermore Group | ALD | 28/04/2016 | FTSE 250 | Financials | 15% | 3.8% | 11% | - |
| Ground Rents Income Fund | GRIO | 28/07/2016 | FTSE SmCap | Real Estate | 17% | 5.5% | 11% | - |
| BowLeven | BLVN | 30/06/2016 | FTSE AIM | Energy | 27% | 16% | 9.4% | - |
| Augean | AUG | 09/06/2016 | FTSE AIM | Industrials | 19% | 10% | 7.7% | - |
| Petrofac Limited | PFC | 29/09/2016 | FTSE 250 | Energy | 6.5% | -0.8% | 7.4% | - |
| Qinetiq Group | QQ. | 01/09/2016 | FTSE 250 | Industrials | 6.4% | -0.8% | 7.2% | - |
| Verona Pharma | VRP | 22/09/2016 | FTSE AIM | Healthcare | 8.1% | 0.9% | 7.1% | - |
| Abcam | ABC | 23/06/2016 | FTSE AIM | Healthcare | 21% | 13% | 6.9% | - |
| ITV | ITV | 08/12/2016 | FTSE 100 | Consumer Discretionary | 7.2% | 0.3% | 6.8% | - |
| Randgold Resources Limited | RRS | 21/01/2016 | FTSE 100 | Materials | 28% | 20% | 6.7% | - |
| Character Group | CCT | 29/09/2016 | FTSE AIM | Consumer Discretionary | 6.7% | 0.2% | 6.6% | - |
| GKN | GKN | 14/04/2016 | FTSE 250 | Consumer Discretionary | 10% | 4.2% | 6.0% | - |
| Bodycote | BOY | 17/11/2016 | FTSE 250 | Industrials | 6.3% | 0.7% | 5.6% | - |
| TT Electronics | TTG | 26/05/2016 | FTSE SmCap | Information Technology | 16% | 10% | 5.5% | - |
| POWERFLUTE | t/o | 28/04/2016 | FTSE AIM | Industrials | 18% | 12% | 5.4% | 25/11/16 |
| Johnson Service Group | JSG | 21/04/2016 | FTSE AIM | Industrials | 18% | 12% | 5.4% | - |
| John Laing Group | JLG | 29/09/2016 | FTSE 250 | Industrials | 3.5% | -0.8% | 4.4% | - |
| H&T Group | HAT | 31/03/2016 | FTSE AIM | Financials | 20% | 16% | 4.1% | - |
| Card Factory | CARD | 24/11/2016 | FTSE 250 | Consumer Discretionary | 4.9% | 0.7% | 4.1% | - |
| Dalata Hotel Group p.l.c. | DAL | 17/11/2016 | FTSE SmCap | Consumer Discretionary | 6.5% | 2.7% | 3.6% | - |
| Hutchison China MediTech Limited | HCM | 01/12/2016 | FTSE AIM | Healthcare | 4.6% | 1.0% | 3.5% | - |
| Animalcare Group | ANCR | 20/10/2016 | FTSE AIM | Healthcare | 2.7% | -0.7% | 3.4% | - |
| Aviva | AV. | 22/09/2016 | FTSE 100 | Financials | 4.0% | 0.6% | 3.4% | - |
| CRH | CRH | 06/10/2016 | FTSE 250 | Materials | 0.9% | -2.2% | 3.2% | - |
| Domino's Pizza Group | DOM | 05/05/2016 | FTSE 250 | Consumer Discretionary | 9.5% | 6.3% | 3.0% | - |
| U and I Group | UAI | 24/11/2016 | FTSE SmCap | Real Estate | 5.2% | 2.2% | 2.9% | - |
| Enterprise Inns | ETI | 08/12/2016 | FTSE SmCap | Consumer Discretionary | 3.7% | 0.9% | 2.8% | - |
| Ricardo | RCDO | 12/05/2016 | FTSE SmCap | Industrials | 13% | 11% | 2.5% | - |
| RedT Energy | RED | 08/12/2016 | FTSE AIM | Industrials | 3.3% | 1.0% | 2.3% | - |
| BCA Marketplace | BCA | 16/06/2016 | FTSE 250 | Consumer Discretionary | 13% | 11% | 1.9% | - |
| Dart Group | DTG | 01/09/2016 | FTSE AIM | Industrials | 5.5% | 3.8% | 1.7% | - |
| Standard Life | SL. | 01/12/2016 | FTSE 100 | Financials | 4.5% | 3.0% | 1.5% | - |
| Regional REIT Limited | RGL | 03/11/2016 | FTSE SmCap | Real Estate | 3.8% | 2.5% | 1.3% | - |
| LVMH Moët Hennessy Louis Vuitton S.E. | FR:MC | 17/11/2016 | CAC 40 | Consumer Discretionary | 7.1% | 5.7% | 1.3% | - |
| Photo-Me International | PHTM | 04/08/2016 | FTSE AIM | Consumer Discretionary | 9.2% | 7.8% | 1.2% | - |
| Pendragon | PDG | 10/11/2016 | FTSE SmCap | Consumer Discretionary | 3.9% | 2.8% | 1.1% | - |
| Firstgroup | FGP | 31/03/2016 | FTSE 250 | Industrials | 5.7% | 4.7% | 1.0% | - |
| UDG Healthcare | UDG | 03/11/2016 | FTSE 250 | Healthcare | 1.7% | 0.8% | 1.0% | - |
| Conygar Investment Co. | CIC | 15/09/2016 | FTSE AIM | Real Estate | 2.9% | 2.4% | 0.5% | - |
| Vp | VP. | 07/04/2016 | FTSE SmCap | Industrials | 12% | 11% | 0.5% | - |
| Amazon.com, Inc. | US:AMZN | 08/12/2016 | Nasdaq | Consumer Discretionary | 1.1% | 0.8% | 0.3% | - |
| Rathbone Brothers | RAT | 21/07/2016 | FTSE 250 | Financials | 3.8% | 3.9% | -0.1% | - |
| XP Power Limited | XPP | 25/02/2016 | FTSE SmCap | Industrials | 16% | 16% | -0.3% | - |
| Kennedy Wilson Europe Real Estate | KWE | 11/08/2016 | FTSE 250 | Financials | -0.9% | -0.5% | -0.3% | - |
| Ithaca Energy Inc. | IAE | 24/11/2016 | FTSE AIM | Energy | 0.0% | 0.4% | -0.4% | - |
| Assura | AGR | 29/09/2016 | FTSE 250 | Real Estate | -1.4% | -0.8% | -0.6% | - |
| Headlam Group | HEAD | 13/10/2016 | FTSE SmCap | Consumer Discretionary | -0.1% | 1.1% | -1.1% | - |
| Watkin Jones | WJG | 07/07/2016 | FTSE AIM | Real Estate | 16% | 17% | -1.6% | - |
| Burberry Group | BRBY | 13/10/2016 | FTSE 100 | Consumer Discretionary | -2.1% | -0.4% | -1.7% | - |
| DS Smith | SMDS | 25/08/2016 | FTSE 250 | Materials | -2.6% | -0.9% | -1.7% | - |
| Schroders | SDR | 23/06/2016 | FTSE 100 | Financials | 7.6% | 9.7% | -1.9% | - |
| 32Red | TTR | 01/12/2016 | FTSE AIM | Consumer Discretionary | -0.9% | 1.0% | -1.9% | - |
| Low & Bonar | LWB | 20/10/2016 | FTSE SmCap | Materials | -1.5% | 0.6% | -2.2% | - |
| Frontier Developments | FDEV | 18/02/2016 | FTSE AIM | Information Technology | 18% | 20% | -2.2% | - |
| Jupiter Fund Management | JUP | 27/10/2016 | FTSE 250 | Financials | -1.6% | 0.8% | -2.4% | - |
| Cairn Energy | CNE | 30/06/2016 | FTSE 250 | Energy | 6.0% | 8.9% | -2.7% | - |
| Redrow | RDW | 23/03/2016 | FTSE 250 | Consumer Discretionary | 1.2% | 5.0% | -3.6% | - |
| ULS Technology | ULS | 09/06/2016 | FTSE AIM | Information Technology | 6.3% | 10% | -3.7% | - |
| Zotefoams | ZTF | 06/10/2016 | FTSE SmCap | Materials | -3.3% | 0.4% | -3.7% | - |
| Dairy Crest Group | DCG | 07/07/2016 | FTSE 250 | Consumer Staples | 7.2% | 11% | -3.8% | - |
| Matomy Media Group . | MTMY | 20/10/2016 | FTSE SmCap | Information Technology | -3.2% | 0.6% | -3.8% | - |
| Allergy Therapeutics | AGY | 21/07/2016 | FTSE AIM | Healthcare | 6.3% | 11% | -4.4% | - |
| Next Fifteen Communications Group | NFC | 25/08/2016 | FTSE AIM | Consumer Discretionary | -1.3% | 4.0% | -5.1% | - |
| K3 Business Technology Group | KBT | 18/08/2016 | FTSE AIM | Information Technology | -0.6% | 4.7% | -5.1% | - |
| Arrow Global Group | ARW | 02/06/2016 | FTSE SmCap | Financials | 4.0% | 9.7% | -5.2% | - |
| Renew Holdings | RNWH | 14/01/2016 | FTSE AIM | Industrials | 9.7% | 16% | -5.4% | - |
| Begbies Traynor Group | BEG | 07/07/2016 | FTSE AIM | Industrials | 11% | 17% | -5.9% | - |
| Mariana Resources Limited | MARL | 17/11/2016 | FTSE AIM | Materials | -5.3% | 1.3% | -6.5% | - |
| Conviviality | CVR | 16/06/2016 | FTSE AIM | Consumer Staples | 8.1% | 16% | -6.6% | - |
| McBride | MCB | 10/11/2016 | FTSE SmCap | Consumer Staples | -4.1% | 2.8% | -6.7% | - |
| Booker Group | BOK | 11/02/2016 | FTSE 250 | Consumer Staples | 8.9% | 17% | -6.7% | - |
| Babcock International Group | BAB | 13/10/2016 | FTSE 100 | Industrials | -7.4% | -0.4% | -7.0% | - |
| St. Modwen Properties | SMP | 14/04/2016 | FTSE 250 | Real Estate | -3.5% | 4.2% | -7.3% | - |
| AstraZeneca | AZN | 14/07/2016 | FTSE 100 | Healthcare | -3.4% | 4.5% | -7.6% | - |
| MedicX Fund Limited | MXF | 03/03/2016 | FTSE SmCap | Financials | 3.9% | 13% | -7.6% | - |
| Morses Club | MCL | 03/11/2016 | FTSE AIM | Financials | -6.3% | 1.5% | -7.7% | - |
| WS Atkins | ATK | 20/10/2016 | FTSE 250 | Industrials | -9.2% | -1.3% | -8.0% | - |
| Bureau Veritas SA | FR:BVI | 18/02/2016 | CAC 40 | Industrials | 4.1% | 13% | -8.1% | - |
| Dixons Carphone | DC. | 15/09/2016 | FTSE 100 | Consumer Discretionary | -5.3% | 3.3% | -8.3% | - |
| Gooch & Housego | GHH | 18/08/2016 | FTSE AIM | Information Technology | -4.2% | 4.7% | -8.5% | - |
| Daimler AG | GR:DAI | 14/01/2016 | DAX | Consumer Discretionary | 5.0% | 15% | -8.6% | - |
| Dunelm Group | DNLM | 18/08/2016 | FTSE 250 | Consumer Discretionary | -9.9% | -0.9% | -9.1% | - |
| OMG | OMG | 03/03/2016 | FTSE AIM | Information Technology | 7.1% | 18% | -9.2% | - |
| WS Atkins | ATK | 28/01/2016 | FTSE 250 | Industrials | -1.4% | 9.4% | -9.9% | - |
| Forterra | FORT | 01/12/2016 | FTSE SmCap | Materials | -7.8% | 2.4% | -10% | - |
| Inland Homes | INL | 18/08/2016 | FTSE AIM | Real Estate | -6.1% | 4.7% | -10% | - |
| Primary Health Properties | PHP | 21/01/2016 | FTSE SmCap | Real Estate | 5.8% | 19% | -11% | - |
| IMImobile | IMO | 28/01/2016 | FTSE AIM | Information Technology | 6.1% | 19% | -11% | - |
| M&C Saatchi | SAA | 23/03/2016 | FTSE AIM | Consumer Discretionary | 2.1% | 16% | -12% | - |
| Purplebricks Group | PURP | 07/04/2016 | FTSE AIM | Real Estate | 1.0% | 15% | -12% | - |
| Swallowfield | SWL | 06/10/2016 | FTSE AIM | Consumer Staples | -13% | -0.6% | -12% | - |
| The Unite Group | UTG | 28/04/2016 | FTSE 250 | Real Estate | -9.6% | 3.8% | -13% | - |
| RM | RM. | 08/09/2016 | FTSE Fled | Information Technology | -8.9% | 4.6% | -13% | - |
| Henry Boot | BHY | 23/06/2016 | FTSE SmCap | Consumer Discretionary | -4.8% | 9.6% | -13% | - |
| Centamin | CEY | 22/09/2016 | FTSE 250 | Materials | -15% | -1.5% | -14% | - |
| Shawbrook Group | SHAW | 10/03/2016 | FTSE 250 | Financials | -6.9% | 8.1% | -14% | - |
| Provident Financial | PFG | 08/09/2016 | FTSE 100 | Financials | -13% | 1.3% | -14% | - |
| Centrica | CNA | 23/03/2016 | FTSE 100 | Utilities | -3.5% | 12% | -14% | - |
| Harworth Group | HWG | 05/05/2016 | FTSE SmCap | Real Estate | -5.1% | 11% | -14% | - |
| William Hill | WMH | 21/04/2016 | FTSE 250 | Consumer Discretionary | -11% | 4.3% | -14% | - |
| Alliance Pharma | APH | 02/06/2016 | FTSE AIM | Healthcare | -5.5% | 11% | -15% | - |
| Gem Diamonds Limited | GEMD | 25/08/2016 | FTSE SmCap | Materials | -13% | 2.9% | -15% | - |
| Brooks Macdonald Group | BRK | 11/02/2016 | FTSE AIM | Financials | 3.9% | 24% | -16% | - |
| OptiBiotix Health | OPTI | 01/09/2016 | FTSE AIM | Healthcare | -13% | 3.8% | -16% | - |
| Whitbread | WTB | 10/03/2016 | FTSE 100 | Consumer Discretionary | -3.9% | 15% | -17% | - |
| Connect Group | CNCT | 28/01/2016 | FTSE SmCap | Consumer Discretionary | -3.8% | 16% | -17% | - |
| Manx Telecom | MANX | 11/02/2016 | FTSE AIM | Telecommunication Services | 2.0% | 24% | -18% | - |
| Arbuthnot Banking Group | ARBB | 11/08/2016 | FTSE AIM | Financials | -14% | 5.3% | -18% | - |
| TalkTalk Telecom Group | TALK | 01/09/2016 | FTSE 250 | Telecommunication Services | -9.5% | 12% | -19% | 15/11/16 |
| RTL Group SA | GR:RTL | 21/07/2016 | DAX | Consumer Discretionary | -11% | 11% | -19% | - |
| Britvic | BVIC | 26/05/2016 | FTSE 250 | Consumer Staples | -18% | 3.0% | -20% | - |
| Greggs | GRG | 19/05/2016 | FTSE 250 | Consumer Staples | -16% | 5.9% | -21% | - |
| Mortgage Advice Bureau (Holdings) | MAB1 | 21/04/2016 | FTSE AIM | Financials | -11% | 12% | -21% | - |
| S&U | SUS | 09/06/2016 | FTSE SmCap | Financials | -14% | 9.0% | -21% | - |
| PureTech Health | PRTC | 28/07/2016 | FTSE SmCap | Healthcare | -18% | 5.5% | -22% | - |
| Topps Tiles | TPT | 14/07/2016 | FTSE SmCap | Consumer Discretionary | -17% | 9.1% | -24% | - |
| Caledonia Mining Corporation | CMCL | 08/09/2016 | FTSE AIM | Materials | -23% | 1.5% | -24% | - |
| NCC Group | NCC | 14/07/2016 | FTSE 250 | Information Technology | -23% | 1.6% | -24% | 20/10/16 |
| Portmeirion Group | PMP | 30/06/2016 | FTSE AIM | Consumer Discretionary | -14% | 16% | -26% | - |
| PureCircle Limited | PURE | 16/06/2016 | FTSE SmCap | Consumer Staples | -16% | 14% | -26% | - |
| Aggreko | AGK | 26/05/2016 | FTSE 250 | Industrials | -25% | 3.0% | -27% | - |
| Greencore Group | GNC | 21/07/2016 | FTSE 250 | Consumer Staples | -24% | 3.9% | -27% | - |
| Marks & Spencer Group | MKS | 25/02/2016 | FTSE 100 | Consumer Discretionary | -16% | 16% | -27% | - |
| Debenhams | DEB | 17/03/2016 | FTSE 250 | Consumer Discretionary | -26% | 5.1% | -30% | - |
| Taylor Wimpey | TW. | 02/06/2016 | FTSE 100 | Consumer Discretionary | -21% | 12% | -30% | - |
| McCarthy & Stone | MCS | 19/05/2016 | FTSE 250 | Consumer Discretionary | -28% | 5.9% | -32% | - |
| Trinity Mirror | TNI | 21/04/2016 | FTSE SmCap | Consumer Discretionary | -27% | 8.1% | -33% | - |
| Marshall Motor Holdings | MMH | 28/01/2016 | FTSE AIM | Consumer Discretionary | -20% | 19% | -33% | - |
| Devro | DVO | 14/01/2016 | FTSE SmCap | Consumer Staples | -42% | 14% | -49% | - |
| Carpetright | CPR | 31/03/2016 | FTSE SmCap | Consumer Discretionary | -46% | 11% | -52% | - |
| Motif Bio | MTFB | 28/04/2016 | FTSE AIM | Healthcare | -48% | 12% | -54% | - |
| CMC Markets | CMCX | 28/07/2016 | FTSE 250 | Financials | -66% | 2.7% | -67% | - |
| AVERAGE | - | 29/06/2016 | - | - | 9.2% | 7.2% | 1.9% | - |
2016 SELLS
| Name | TIDM | Tip Date | Name | Sector | Mid-to-mid | Index Perf | Relative to Index | Date Closed Out |
|---|---|---|---|---|---|---|---|---|
| International Personal Finance | IPF | 07/04/2016 | FTSE 250 | Financials | -34% | 6.0% | -37% | - |
| Evraz | EVR | 14/07/2016 | FTSE 100 | Materials | -22% | 5.6% | -26% | 31/08/16 |
| Mitchells & Butlers | MAB | 04/02/2016 | FTSE 250 | Consumer Discretionary | -13% | 10% | -21% | - |
| Hogg Robinson | HRG | 07/07/2016 | FTSE SmCap | Industrials | -3.4% | 13% | -15% | - |
| Tate & Lyle | TATE | 25/08/2016 | FTSE 250 | Consumer Staples | -10% | -0.9% | -8.6% | - |
| A.G. Barr | BAG | 15/09/2016 | FTSE 250 | Consumer Staples | -4.3% | -0.2% | -4.1% | - |
| Ocado Group | OCDO | 03/03/2016 | FTSE 250 | Consumer Discretionary | 1.9% | 5.8% | -3.7% | - |
| Sports Direct International | SPD | 11/08/2016 | FTSE 250 | Consumer Discretionary | -3.1% | -0.5% | -2.6% | - |
| Aberdeen Asset Management | ADN | 25/02/2016 | FTSE 100 | Financials | 14.7% | 12.6% | 1.8% | 29/11/16 |
| N Brown | BWNG | 08/09/2016 | FTSE 250 | Consumer Discretionary | -0.8% | -2.6% | 1.9% | - |
| PayPoint | PAY | 11/02/2016 | FTSE 250 | Industrials | 19% | 17% | 1.9% | - |
| Cambian | CMBN | 13/10/2016 | FTSE SmCap | Healthcare | 3.1% | 1.1% | 2.0% | - |
| Euromoney Institutional Investor | ERM | 30/06/2016 | FTSE 250 | Consumer Discretionary | 14% | 8.9% | 5.1% | - |
| Millennium & Copthorne | MLC | 22/09/2016 | FTSE 250 | Consumer Discretionary | 5.7% | -1.5% | 7.3% | - |
| Oxford BioMedica | OXB | 10/11/2016 | FTSE SmCap | Healthcare | 12% | 2.8% | 9.4% | - |
| Rolls-Royce | RR. | 18/02/2016 | FTSE 100 | Industrials | 26% | 13% | 12% | 28/07/16 |
| Rotork | ROR | 21/01/2016 | FTSE 250 | Industrials | 21% | 7.8% | 12% | 02/08/16 |
| InterContinental Hotels | IHG | 19/05/2016 | FTSE 100 | Consumer Discretionary | 37% | 15% | 19% | - |
| AO World | AO. | 28/07/2016 | FTSE 250 | Consumer Discretionary | 25% | 2.7% | 22% | - |
| Anglo American | AAL | 04/08/2016 | FTSE 250 | Materials | 30% | 3.7% | 26% | 27/10/16 |
| Poundland | t/o | 14/01/2016 | FTSE 250 | Consumer Discretionary | 26% | -0.7% | 27% | 15/06/16 |
| Weir | WEIR | 23/03/2016 | FTSE 250 | Industrials | 64% | 5.0% | 56% | - |
| AVERAGE | - | 04/06/2016 | - | - | 9.5% | 5.6% | 3.8% | - |
Source: S&P CapitalIQ
