Mark Slater raises stake in newly profitable All Leisure Group

Mark Slater has upped his backing for cruise operating company All Leisure Group (ALGP.L) after it posted a pre-tax profit of £5.7 million in January.

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by David Campbell on Feb 20, 2012 at 17:22

Mark Slater raises stake in newly profitable All Leisure Group

Citywire AAA-rated small cap star Mark Slater (pictured) has upped his backing for cruise operating company All Leisure Group (ALGP.L) after it returned to profit, defying higher fuel costs, constrained consumers and a volatile Mediterranean.

The manager increased his investment in the company from 1.68 million shares to 1.93 million, or 3.14%, worth £600,855 at a share price of 31p.

Slater is among the top three managers in his sector over one, three and five years, using a combination of growth and value indicators to find reasonably priced, expansionary businesses.

Shares in the All Leisure Group remain well below their year high of 49p, trading at a multiple of just 5.11 times 2011 earnings, half the FTSE All Share average of 10.51 times, and yielding 6.29%.

The company’s bottom line was boosted last year after the company was awarded £1.9 million in costs incurred after honouring bookings made on a cruise ship bought out of administration.

The company filed a pre-tax profit of £5.7 million in January, following a £2.1 million loss in 2010.

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5 comments so far. Why not have your say?

looks good to me , any others like this one?

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Had some very interesting trips on their ships too.

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Goldenport Holdings is a contrarian play on freight shipping with a decent yield, moderate gearing and a high cash flow.

Irish Continental Group is freight and passengers from Ireland to France, similar good fundamentals.

Ocean Wilson Holdings is maritime services in Brazil including the big offshore oil and gas fields. Lower yield at 2 per cent but exposure to growth.

ACM and Clarkson are more brokers than ship owners but have decent yields.

Braemar Shipping Services is all kinds of port, shipping (including servicing cruse ships) and environmental services with a container focussed logistics division. Again a decent yield.

There are plenty of other good buys that are growth rather than value plays, a wide choice in a recovering market.

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Thank you Mr Bosk , so with £25000 cash i have and being 64 years old , where should I invest please .

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Jeremy Bosk

Feb 23, 2012 at 03:06

Abbass Hassan

It depends on what other assets and income you have as well as your tolerance for risk. Do you have dependents? Will you have a decent pension? Is your mortgage paid off? Do you own any property, gold, alternative investments and so on and so on.

I have more capital - already fully invested - but a very low income until my old age pension kicks in in 2014. But I have a high risk tolerance. So If I currently had cash I would buy Goldenport with £8,000 or so and split the rest between a couple of other sectors.

I might buy a gold miner such as either Pan African Resources which pays a rising dividend or Kirkland Lake Gold which is about to start paying and has the advantage of being in politically stable Canada.

As a third holding I might buy either a property investment trust such as Invista Foundation Property trust or an investor in loans to companies such as Greenwich Loan Income Fund which yields 8.5 per cent and high exposure to the US economy.

That is what I would do in my circumstances. I don't know your circumstances so those choices may or may not suit you.

I do own Kirkland Lake, Invista and Greenwich.

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