Miton Group Fund Manager & MD Gervais Williams looks back on some of his stocks from 2015, talks about the prospects for 2016 and picks stocks that Gervais thinks will do well in 2016.
Gervais mentions Conygar Investment Company Plc (LON:CIC) a property investment and development company primarily dealing in United Kingdom property. The company’s principal activity includes property trading, property investment, acquiring property assets with development and investment potential, and investing in companies with property assets. The Company operates in two segments: Investment properties, which are owned or leased by the Company for long-term income and for capital appreciation, and trading properties, which are owned or leased with the intention to sell and Development properties, which include sites, developments in the course of construction and sites available for sale. The company’s projects include Holyhead, Parc Cybi, Fishguard, Pembroke Dockand and Haverfordwest.
Also mentioned is Fairpoint Group plc (LON:FRP) a provider of consumer professional services, including debt solutions and legal services. The Company has four segments: individual voluntary arrangements (IVA) services, debt management plans (DMP) services, claims management and legal services. The IVA services segment consists of Group companies Debt Free Direct Limited and Clear Start UK Limited, which provide managed payment plan providing both interest and capital forgiveness. DMP services segment consists of Lawrence Charlton Limited, which provides DMPs for consumers. Claims management segment provides a range of claims management services, including reclaiming payment protection insurance (PPI). The legal services segment provides a range of consumer-focused legal services with main lines being family, personal injury and clinical negligence through 13 offices around the United Kingdom.