good afternoon

Friends, good day!

There are 7 securities left in my portfolio that I have not reviewed - LSR Group (LSRG), Cargurus Inc (CARG), Weibo Corporation (WB), TGK-1 (TGKA), Funko Inc (FNKO), Lenta (LNTA), Bank St. Petersburg (BSPB). They all represent less than 1% of the portfolio, so it's hard to say they're something I'd strongly recommend buying. However, let's look at them too 💪

As for LSR, Lenta and BSPB - I bought them “for change”, in the most literal sense of the word, without conducting any analysis at all. I'll go over them very briefly:

👉 BSPB - A hopeless bank with unclear management. Growth prospects in terms of earnings per share are at most 10% per year. There seems to be an undervaluation at the current price, but it is not a fact that it will ever be overvalued. In terms of the opacity of management, it can only be compared with VTB. If you want to buy bank stocks, take Sberbank (conservative option, reviewed earlier), or TKS (aggressive option, good current drawdown, growth prospects, also reviewed), BSPB is only for extreme people.

👉 Lenta - expected to return to 16-20 RUB in earnings per share in the next 3-5 years, and is now the cheapest among retailers in terms of ratios. But this is so, not for everyone. I highly do not recommend buying it together with BSPB. In my portfolio they take up a total of ~1000 RUB (4 stocks of Lenta and 10 stocks of BSPB), so I don’t even know whether to sell these gorgeous stocks or not class="emoji" style="background-image:url('//telegram.org/img/emoji/40/F09F9189.png')">👉 LSR is a good developer, with stable dividends, 6 stocks in the portfolio. Technically, now is a good entry point at 550-600 RUB per share. Growth prospects are very illusory, at most 10-15% per year. In general, only for very conservative investors and huge dividend lovers.

👉 Weibo, a Chinese social network, bought one share at $51 simply because it “fell a lot,” without much analysis. The company grew very well in terms of profit in 2015-2018, now the revenue is stagnant, profits are falling, and they have accumulated debt. I will wait for a return to the maximums, I will not buy more and I do not advise you.

👉 TGK-1 is a subsidiary of Gazprom, I took it for 2000 RUB, because there are a lot of analysts screamed about the company’s fabulous undervaluation and the incredible prospects for the stock to skyrocket and luxurious dividends. Well, let's see 😅. And so this miracle company is in the first places, along with the candidates above for exclusion from the portfolio.

👉 Funko - the company was taken on a "trial basis". Good dynamics of revenue and profit in 2017-18, but the 4th quarter of 2019 was a failure, there is almost no financial cushion, large debts. I have to get out, I’ll leave it in my briefcase, but I won’t buy more.

I’ll do a full review on Cargurus today or tomorrow.

🖍️ I will also update the current portfolio composition by the 15th, and I have in mind several new promising companies (mainly biotech) that will probably be added to the portfolio; I will definitely tell you about each of them in case of purchase. For now I’m in limbo in terms of new purchases, because on the one hand, the main crisis is ahead, and therefore new lows for stocks, plus I would like to see the dollar below 70 RUB (above the toad is strangling to take dollar stocks 😐), it would also be nice to increase your own financial cushion, but on the other hand, the March bottom has been passed, the question is, will there be a second one? 🤔