September 2025 Real Worth Stocks Portfolio Review

5 buying opportunities, 6 holds, and all stocks reviewed for recent news

Five stocks in the portfolio are recommended as buys at current prices, and six as holds: all are reviewed in this update.

Portfolio performance

Total portfolio performance year to date to 30th September 2025 is +33%, and the last 12 months is +44%. The S&P is up +14% year to date, and +19% in the last 12 months.

Buy recommendations summary:

Buy 1: a special situation cash shell with significant net operating loss carry-forwards, with a large private equity firm helping it to find a suitable acquisition. Potential for multiple upside based on previous similar situations, and the 2nd largest portfolio position

Buy 2: A US bank with strong returns on equity and high double digit growth, and a structural cost advantage, trading on 11x earnings

Buy 3: A palm oil company with 1/4 of the market cap in net cash, trading at 7x earnings, that has just been promoted to a higher index, under new management with improved capital allocation.

Buy 4: a telecoms company at a 5-year low in share price due to mostly temporary factors, with 90% recurring revenue, growing, with >20% return on equity/invested capital.

Buy 5: Another palm oil company with excellent capital allocation, trading at 9x earnings, with current high palm oil prices leading to record profits.

Portfolio position sizing:

The four biggest positions in the portfolio make up just under 75% of the portfolio - the chart below shows all position sizes:

The next chart reveals the portfolio composition: all stock names and the position sizes: