I am a great believer in Techinvest. I have been a subscriber for over 30 years and my investments have done really well over the years (although not in the last year). However I have a suggestion which would make it even better. An update on the Techinvest website at the same time as we receive our copies which updates the buy/strong hold/hold/sell recommendations would be a significant improvement. This would be for all stocks – not just those covered in the latest issue. It could also include late news on stocks which had missed the publication. For instance amongst the stocks I hold: · Learning Technologies reported on Wednesday 26th April. The stock fell 16% and Canaccord Genuity lowered their price target and earnings forecasts. This was not include in the last publication. Surely this is no longer a buy. Should I sell? An update on the Techinvest recommendation would be useful. · CentralNic also reported on Wednesday 26th. I was hoping for guidance on this stock as it has fallen from 160p in January and from the current buy recommendation at 138p in March to the current 112p. Has something gone wrong or is this an even stronger buy now? If it is an even stronger buy recommendation it would be really useful if Techinvest could tell me so. · I was also hoping for guidance on RWS since it has fallen 30% since the buy recommendation in March. I am not sure why. Is it still a buy or has something gone wrong? · Cohort is listed as a buy but not mentioned since November. In the week before publication: · Keyword Studios fell from 2,700p to 2,200p. This news missed the publication deadline. Maybe the strong hold recommendation should be upgraded to buy? · Echok jumped in price by 43% shortly before publication. Is the buy recommendation back in December still valid? Maybe it is time to take some profits. There are likely to be stocks which I do not hold where an update would be useful. There used to be a “Stop Press” bit in Techinvest but this has not been included for several years. An update on the Techinvest website would be much more useful I actually would like to see a brief update whenever there is a profit warning. Jim Slater always advised selling on the first profit warning. Sometimes I think Techinvest considers that we should not be selling any of the stocks as they are all long term holdings. The portfolio can do this as it has a large cash sum up front so does not need to sell. However most of us do not have large cash sums waiting for investment. When Techinvest makes a buy recommendation we have to sell something to buy it. Deciding what to sell is always more difficult than buying. This is particularly difficult if there are no sell recommendations in Techinvest. The key part of the publication are the buy and sell recommendations. If a stock is a strong hold but has fallen 15% then it is possible that it is now worth buying. If it has not been covered recently then it is worth confirming that the original buy recommendation still stands and we can still buy it. Ideally a short statement could be added to each stock recommendation eg: Revenue +25% (8% organic). EBITA +30%. Good value at p/PE of 15 considering growth history. Recovery has further to go. Lots of potential. Core holding. This is what I produce for myself once a month. Techinvest will know this information. It just needs to be imparted to us. Filmstar4711

Kape has done fantastically well for me. With a bit of buying and selling along the way my profits now exceed my holdings – which are the largest holding in my portfolio. However Techinvest has now downgraded the stock to a hold. I have not additional cash coming in so have to sell something in order to buy. As Techinvest never make sell recommendations I sell when Techinvest recommends a hold. But I am not sure what to do about Kape. I am not sure why Techinvest has recommended a sell. The write-up is bullish. The results are fantastic. I presume that this is due to the high P/E. The historic P/E is given as 28 by Morning Star – which does not seem that bad to me. But more meaningful is the prospective P/E. I have been searching for years for a website that provides a list of prospective P/Es for stocks. Is anyone aware of a source?