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 normally post most of my trades to my Twitter feed, for those interested in what I've been doing, investment-wise. On Friday, I tweeted that I was too busy reacting to events to be able to tweet all my trades and that I would do a consolidated post about what I had done, so this is that post...My view on what is likely to happenAll…
As many Stockopedia readers will know, ShareSoc is the UK's leading not-for-profit organisation representing the interests of UK Individual Shareholders. We are most grateful for Stockpedia's support, since our launch in 2011 and are happy to endorse the good work that the Stockopedia team do.Since our launch, most of the work entailed in ShareSoc's day-today running has been done by a group of unpaid volunteers,…
"Never average down" is an old trading maxim (as illustrated by the linked article), but is it a correct one?Contrary to the article, I do quite frequently "average down"... however, I don't see it that way and, as with many maxims, there is grain of truth, which I will try to elucidate in this short article.Let's consider what "averaging down" means: it implies that the …
I was flattered by the feedback I received at our last investor Masterclass, in July, so I'm pleased to be able to announce our next one. It starts at 5pm on the 4th November 2015, with registration and pre-event drinks served from 4:30 pm. The main part of the event finishes by 8pm. It will be held at the offices of IG Group in the…
The price of oil (and energy in general) is significant for all investors, not just those invested in oil companies, as energy costs are a key input to the economics of many businesses. Hence the recent sharp decline in prices will have widespread economic ramifications, not just the obvious impact it has already had on the share prices of businesses linked to the sector. A…
Gosh, is it really that long since I last posted on this thread?!It's been very a busy day, so rather than tweet individual trades (which I often, but not always, do), I'll document what I've been doing here and then tweet out a link.So, first up was the outcome of the Lord Chancellor's review of "Ogden rates" (see http://www.bbc.co.uk/news/business-39103069 ). Direct Line Insurance (LON:DLG) has…
Hi Neil,Must admit, I'd hadn't seen Paul's point at the time & it wasn't specifically discussed, but there might be some confusion...The 24% increase refers specifically to recurring revenues, whereas 17% refers to revenues overall - including legacy (pre-SaaS) licences and professional services. Now, given the figures for overall revenues, and the increase in the proportion of recurring revenues (from 78% to 81%), I calculate…
Hi Paul,I have been a happy holder of dotDigital for 4 years now, and attended their analyst presentation this a.m. On this point:My main worry is that most people are so fed up with being bombarded with huge quantities of emails, that I wonder what the long term future holds?I feel dotDigital is particularly strong. In their marketing, they emphasise "list hygiene" (i.e. ensuring that…
Sorry Ben, but I'm afraid there is no recording of this one. ShareSoc full members can download the PCA presentation here: http://sharesoc.ning.com/xn/detail/6389471:Comment:40201 Best, Mark
I'll be there & hope to see some other Stockopedes too! Always good to have a natter. Cheers, Mark