Toby
@toby03.bsky.social
Portfolio journal
- #spsy #jneo #fnx #snx $ldb.mi $bvi $harvia
- #spsy #jneo #fnx #snx $ldb.mi $bvi $harvia
#snx
Made a position in Synectics, dry spell in the news flow has made this cheap as chips. Not spoken about much at all either. Nice to see Hulse is on board and is equally optimistic.
Time will tell if buying a debt free, growing critical software/hardware business for 9x EV/PBT is a good move.
Made a position in Synectics, dry spell in the news flow has made this cheap as chips. Not spoken about much at all either. Nice to see Hulse is on board and is equally optimistic.
Time will tell if buying a debt free, growing critical software/hardware business for 9x EV/PBT is a good move.
October 1, 2025 at 10:18 AM
#snx
Made a position in Synectics, dry spell in the news flow has made this cheap as chips. Not spoken about much at all either. Nice to see Hulse is on board and is equally optimistic.
Time will tell if buying a debt free, growing critical software/hardware business for 9x EV/PBT is a good move.
Made a position in Synectics, dry spell in the news flow has made this cheap as chips. Not spoken about much at all either. Nice to see Hulse is on board and is equally optimistic.
Time will tell if buying a debt free, growing critical software/hardware business for 9x EV/PBT is a good move.
#jneo
Stellar results, generating heaps of cash, margins expanding, pipeline expanding, organic growth is excellent.
Normalise for the H1 infotec deliveries last year and this is a wonderful result.
I can see this hitting a tenner in the not too distant future
Stellar results, generating heaps of cash, margins expanding, pipeline expanding, organic growth is excellent.
Normalise for the H1 infotec deliveries last year and this is a wonderful result.
I can see this hitting a tenner in the not too distant future
September 25, 2025 at 6:49 AM
#jneo
Stellar results, generating heaps of cash, margins expanding, pipeline expanding, organic growth is excellent.
Normalise for the H1 infotec deliveries last year and this is a wonderful result.
I can see this hitting a tenner in the not too distant future
Stellar results, generating heaps of cash, margins expanding, pipeline expanding, organic growth is excellent.
Normalise for the H1 infotec deliveries last year and this is a wonderful result.
I can see this hitting a tenner in the not too distant future
$ldb.mi H1’s
Great execution from a great management team; got very lucky and timed my entry perfectly in May. Will now hold on for dear life whilst they execute on the HVAC.
Looking forward to the coming years on this one, can see it being worth a few 00’s
still not expensive either.
Great execution from a great management team; got very lucky and timed my entry perfectly in May. Will now hold on for dear life whilst they execute on the HVAC.
Looking forward to the coming years on this one, can see it being worth a few 00’s
still not expensive either.
September 23, 2025 at 6:31 PM
$ldb.mi H1’s
Great execution from a great management team; got very lucky and timed my entry perfectly in May. Will now hold on for dear life whilst they execute on the HVAC.
Looking forward to the coming years on this one, can see it being worth a few 00’s
still not expensive either.
Great execution from a great management team; got very lucky and timed my entry perfectly in May. Will now hold on for dear life whilst they execute on the HVAC.
Looking forward to the coming years on this one, can see it being worth a few 00’s
still not expensive either.
#FNX
I think the market might be under appreciating the international expansion here, not to mention the new products.
It’s not cheap, but I don’t think it should be. considering the oncoming re acceleration of growth, I think it’s a fair price for such a high quality business.
I think the market might be under appreciating the international expansion here, not to mention the new products.
It’s not cheap, but I don’t think it should be. considering the oncoming re acceleration of growth, I think it’s a fair price for such a high quality business.
September 23, 2025 at 6:27 PM
#FNX
I think the market might be under appreciating the international expansion here, not to mention the new products.
It’s not cheap, but I don’t think it should be. considering the oncoming re acceleration of growth, I think it’s a fair price for such a high quality business.
I think the market might be under appreciating the international expansion here, not to mention the new products.
It’s not cheap, but I don’t think it should be. considering the oncoming re acceleration of growth, I think it’s a fair price for such a high quality business.
Journeo at £2.50 is very undemanding. 5x ev/EBITDA is a bit crazy all things considered. UK market is insane, spectra & Ashtead also cheap.
Patience will pay off, these will go slowly.. then suddenly..
Patience will pay off, these will go slowly.. then suddenly..
July 10, 2025 at 1:25 PM
New order at Journeo, gaining some great momentum, kicking myself for not topping up at 240
June 19, 2025 at 7:07 AM
New order at Journeo, gaining some great momentum, kicking myself for not topping up at 240
Journeo all time highs - much deserved, great little business.
Ashtead Tech can do nothing right, no matter how good they tell us business is.
One day the market will remember it’s a growing company with good management. Patience…
Ashtead Tech can do nothing right, no matter how good they tell us business is.
One day the market will remember it’s a growing company with good management. Patience…
June 7, 2025 at 8:43 AM
Journeo all time highs - much deserved, great little business.
Ashtead Tech can do nothing right, no matter how good they tell us business is.
One day the market will remember it’s a growing company with good management. Patience…
Ashtead Tech can do nothing right, no matter how good they tell us business is.
One day the market will remember it’s a growing company with good management. Patience…
Sold Kinovo nice 30% gain in a few months
Profits rotated into Lindbergh, an Italian micro cap w/ great management. We shall see.
Profits rotated into Lindbergh, an Italian micro cap w/ great management. We shall see.
May 14, 2025 at 11:53 AM
Sold Kinovo nice 30% gain in a few months
Profits rotated into Lindbergh, an Italian micro cap w/ great management. We shall see.
Profits rotated into Lindbergh, an Italian micro cap w/ great management. We shall see.
Journeo at £2.50 is very undemanding. 5x ev/EBITDA is a bit crazy all things considered. UK market is insane, spectra & Ashtead also cheap.
Patience will pay off, these will go slowly.. then suddenly..
Patience will pay off, these will go slowly.. then suddenly..
April 22, 2025 at 1:44 PM
Journeo at £2.50 is very undemanding. 5x ev/EBITDA is a bit crazy all things considered. UK market is insane, spectra & Ashtead also cheap.
Patience will pay off, these will go slowly.. then suddenly..
Patience will pay off, these will go slowly.. then suddenly..
I think today reveals how much investors are in spectra for the divvys, bit of a joke tbh
March 31, 2025 at 2:30 PM
I think today reveals how much investors are in spectra for the divvys, bit of a joke tbh
Good stuff from Journeo & Ashtead Tech today
March 25, 2025 at 6:19 PM
Good stuff from Journeo & Ashtead Tech today
As much as I like the future and can’t ignore the institutional buying
a profit warning is a profit warning, today has made me sell.
Sad to see, quite a loss.
#VANL
a profit warning is a profit warning, today has made me sell.
Sad to see, quite a loss.
#VANL
March 13, 2025 at 9:08 AM
As much as I like the future and can’t ignore the institutional buying
a profit warning is a profit warning, today has made me sell.
Sad to see, quite a loss.
#VANL
a profit warning is a profit warning, today has made me sell.
Sad to see, quite a loss.
#VANL
March 6, 2025 at 5:03 PM
January 20, 2025 at 8:14 AM
January 17, 2025 at 2:26 PM
January 16, 2025 at 1:46 PM
January 7, 2025 at 5:48 PM
#VANL
Rockwood Strategic ups investment from 5.95% of equity to 7.2%.
Great show of confidence, best time to buy these cyclicals is before the good news starts to come in. I hold.
Rockwood Strategic ups investment from 5.95% of equity to 7.2%.
Great show of confidence, best time to buy these cyclicals is before the good news starts to come in. I hold.
December 13, 2024 at 5:06 PM
#VANL
Rockwood Strategic ups investment from 5.95% of equity to 7.2%.
Great show of confidence, best time to buy these cyclicals is before the good news starts to come in. I hold.
Rockwood Strategic ups investment from 5.95% of equity to 7.2%.
Great show of confidence, best time to buy these cyclicals is before the good news starts to come in. I hold.
#AT.
Share price broken the 50 day MA down trend & a director has just bought £72,000 of stock. Could be the end of the rut here.. entirely sentiment driven these last couple months IMO.
Share price broken the 50 day MA down trend & a director has just bought £72,000 of stock. Could be the end of the rut here.. entirely sentiment driven these last couple months IMO.
November 28, 2024 at 4:40 PM
#AT.
Share price broken the 50 day MA down trend & a director has just bought £72,000 of stock. Could be the end of the rut here.. entirely sentiment driven these last couple months IMO.
Share price broken the 50 day MA down trend & a director has just bought £72,000 of stock. Could be the end of the rut here.. entirely sentiment driven these last couple months IMO.
#vanl ✅
Nice bolt on, more earnings enhancing than it is dilutive so this should be taken well, especially as the acquired business has much higher margins than the group, a mgmt team that makes acquisitions in trough of the cycle is great imo.
Nice bolt on, more earnings enhancing than it is dilutive so this should be taken well, especially as the acquired business has much higher margins than the group, a mgmt team that makes acquisitions in trough of the cycle is great imo.
October 29, 2024 at 7:29 AM
#vanl ✅
Nice bolt on, more earnings enhancing than it is dilutive so this should be taken well, especially as the acquired business has much higher margins than the group, a mgmt team that makes acquisitions in trough of the cycle is great imo.
Nice bolt on, more earnings enhancing than it is dilutive so this should be taken well, especially as the acquired business has much higher margins than the group, a mgmt team that makes acquisitions in trough of the cycle is great imo.
✅#vanl
Good news, nice little company.
Good news, nice little company.
October 25, 2024 at 7:22 AM
✅#vanl
Good news, nice little company.
Good news, nice little company.
#jneo thoughts on investor presentation.
A business intending to have high % of SaaS revenues means higher margins and higher multiples.
Russ & Nick seem to be genuine honest, nice people - who own lots of shares.
Include high dilution in forecasts as russ mentioned using market for m&a in 2025
A business intending to have high % of SaaS revenues means higher margins and higher multiples.
Russ & Nick seem to be genuine honest, nice people - who own lots of shares.
Include high dilution in forecasts as russ mentioned using market for m&a in 2025
September 18, 2024 at 1:48 PM
#jneo thoughts on investor presentation.
A business intending to have high % of SaaS revenues means higher margins and higher multiples.
Russ & Nick seem to be genuine honest, nice people - who own lots of shares.
Include high dilution in forecasts as russ mentioned using market for m&a in 2025
A business intending to have high % of SaaS revenues means higher margins and higher multiples.
Russ & Nick seem to be genuine honest, nice people - who own lots of shares.
Include high dilution in forecasts as russ mentioned using market for m&a in 2025
going to use this to track my portfolio, nice to have a digital journal. Will do quarterly P/F updates and also some thoughts on shares as I go along, I am underqualified and inexperienced so regard most of what I say as wrong!
September 18, 2024 at 1:31 PM
going to use this to track my portfolio, nice to have a digital journal. Will do quarterly P/F updates and also some thoughts on shares as I go along, I am underqualified and inexperienced so regard most of what I say as wrong!