Occupation: Private Investor
Interests: Asian Markets, Bonds, Commodities, Derivatives, Economics, Emerging Markets, European Markets, Funds, Geopolitics, Gold, Hedge Funds, Interest Rates, International Stocks, Oil, Private Equity, Property, Stocks, US Market
I am a full-time private investor... with a little trading on the side (generally small-scale arbitrage in specialist niches).
Previously, I spent 24 years in the IT industry, 13 of those running my own IT services firm. I invested as a "hobby" for 20 years before turning it into a full-time occupation in 2004.
I really enjoy the "research" side of investing, finding out about varied businesses and industries and learning what makes them tick. Since going "full-time" I have learnt an awful lot from some very erudite investors & professionals who are kind enough to share their expertise in electronc forums such as this. I can now count a number of them as my friends, having had the opportunity to meet them in the real world, as well as this virtual one!
I try to pay back the debt I owe by sharing what I've learnt and I always value constructive criticism to correct my errors and misapprehensions!
I am a Director of ShareSoc, the UK organisation for individual shareholders. See below for details.
Value oriented - but taking account of growth. I always look for "cheap" stocks but adjust my definition of "cheap" to take account of conservative growth prospects. "Cheap" can also relate to asset value, as well as earnings/cashflow.
ShareSoc is a not-for-profit campaigning organisation, promoting individual share ownership, fighting for shareholder rights and providing educational resources to investors.
Web Address: http://www.sharesoc.org/
PO Box 62
I have recently made a small investment in Ophir Energy (LON:OPHR) , thanks to @WShak1 alerting me to the price drop following the placing by early investors Och-Ziff and Mittal. As it turned out, this was shortly followed by a large rights issue, which I shall be happy to take up. Ophir has been on my radar for a while, as a highly successful explorer,…
Earlier this week, a very important article/study was reported on by Reuters, following on from the original press release from the University of Texas here. I have been sceptical that shale gas is the panacea it's been touted as. My concern was whether the CAPEX required for drilling and fracking was economically justifiable, given the rapid decline rate of shale wells. Whilst such wells produce…
Inaugural ShareSoc Technology Company Seminar ShareSoc is pleased to launch the first of a series of technology company focussed seminars exclusive to ShareSoc members. The event will take place on the 20th March 2013, in the City of London, commencing at 5:30 pm. Three companies will be presenting and answering your questions: Escher Group (LON:ESCH) : a developer of software for the postal industry. Deltex…
Recent debate about moderation policies and the desirability of an investment hub set me thinking... We each have our own favourite investment sites and we'd all like to make sure we don't miss anything that might be useful posted on any of them. Twitter is a very useful medium for alerting others about quality articles but suffers from one disadvantage: it is a transient medium…
IMO it is too early to claim that Paul has "got it wrong" on Globo or QPP. Neither Paul nor I buy (or sell)shares on the basis of short-term price moves. Doing so, IMO, is speculation (i.e. gambling) as opposed to investment, the latter based on the long-term underlying value of a business. It remains to be seen whether Globo or QPP are capable of…
This is rather interesting, from p50 of the AIM Admission Document: There are criminal proceedings pending against Mr. Nikhil Gandhi at different levels of adjudication before various courts, tribunals and enquiry officers in India. These matters are: (i) a criminal proceeding against Mr. Gandhi, in which it is alleged that he and another individual committed forgery of bills and that they conspired and connived with…
The other question to ask, is how much debt they've been saddled with by their private equity backers. Need to look at EV, not just PE.
What is the difference between Ofex and ISDX It's historic. Ofex was taken over by Plus (and Ofex shares were then called Plus quoted). Recently, Plus was taken over by ICAP, which relaunched "Plus quoted" as ISDX. OFEX no longer exists. Cheers, Mark
I'd guess it's "natural selection" or "survivorship bias": the (unlimited) risk of being short demands good predictive accuracy. So, those shorters that survive must be pretty good at price prediction (both short and medium term). Going long, it's easier to stil have a successful investment, even if the price goes against you short term. Because selling short is an intrinsically geared transaction (capital/collateral provided is…