Bye bye Raspberry Pi

Drove my Chevy to the levy, etc..

I bought Raspberry Pi at 372p in October and just sold at 726p, for a 95% profit in 3 months.

I still like the company, but I thought it was expensive when I bought the shares.  There's been some mildly positive news since then, but nothing to warrant them almost doubling.  

A P/E ratio well north of 50, for a company that still has all the headaches of being a manufacturing company?  Having to worry about stock levels, chip shortages, and all the rest of it?  Sure, I expect them to grow over the long run, but there's an awful lot of growth already priced in.

This is the first time I've sold a share since Plus 500 in 2018.  On that occasion I bought back in 15 months later at less than half the price.  I'd be very happy if the opportunity arose to do the same with RPI.

2024 review

Over the course of 2024 my portfolio is up 25% in GBP (vs 8.5% for the FTSE 100), 23% in USD (vs 25% for the S&P 500), and 38% in NOK (vs about 17% for OBX).

Some highlights:

• Berkshire Hathaway returned 29% and is still almost half of my portfolio.
• Plus 500 was up 72%.
• Barclays was up 80%.
• Raspberry Pi was up 68% despite me only buying them at the end of October.

Sylvania Platinum was by far the biggest loser, down about 40%.  All the rest was only mildly up or down.

It's been a pretty busy year of buying shares:

• ISJP
• More Sylvania Platinum - oops
• Kinnevik, GBL, Exor and Wendel
• Raspberry Pi - yay

For the sixth year in succession I failed to sell anything.