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Real Name: Mark Carter

Occupation: Private Investor

Interests: Asian Markets, Funds, Stocks

Location: Scotland

Twitter: mcturra2000

Fantasy Fund: Magic Hat

About Me:

I am a private investor living in Scotland. I am a computer programmer by trade.


Investment Strategy
I trade... monthly
I tend to buy... according to my system
I hold for... a year
Diversification is ... important, but not beyond 10 positions

I tend to follow the guiding principles of Ben Graham, although since 2011, I am becoming increasingly interested in GARP stocks.


Blog

Investment blog of an amateur private investor. The blog also contains non-investment related posts.

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Mark Carter's Latest Blogs

Shares in heavy construction firm BBY (Balfour Beatty) fell 15.3% to 190.50p on Monday after releasing a disappointing trading update. The Independent reports (http://is.gd/cXp4KD): “it warned of a new £75 million black hole in its UK profits and called on accountant KPMG to carry out a forensic review of its troubled UK construction arm.”Its z-score is in distressed territory, and is the lowest that I…

The stock market has been very interesting this year, and even large-cap shares have been vulnerable. There’s no such thing as a safe share.Tate & Lyle (LON:TATE) issued a profit warning, with supply chain issues, weather affecting corn plant production, an an industrial incident at its Singapore facility. Shares are down 17% to 607.5p in early trade.Tesco (LON:TSCO) shares are down another 2.4% as at…

I found this interesting PDF (http://is.gd/D93PHD[1]) about Buffett’s purchase of Coca Cola from The Odd Lot blog (http://is.gd/6jGWEc[2]).The idea is disarmingly simple: you want at least a 10% earnings yield (not actually defined by Buffett, but the reasonable presumption is EBIT/EV), AND you want to convince yourself that that the “coupon” will grow. The sustainability of the coupon will likely depend on a few key…

I’ve seen Polo Resources (LON:POL) mentioned on the Motley Fool in Pauly Pilot’s Pub. The simple value case is: shares 11.25p, NAV 31p, net cash 8p.It prompted me to do a search on Stockopedia for low P/B stocks strictly between the range 0 to 1. The thing that pops out at me are the number of banks and miners on the list. Parenthetically, MRW (Morrisons)…

Imperial Tobacco (LON:IMT) get ejected from my fantasy fund over on Stockopedia today. The portfolio is an attempt to see if I can beat the Greenblatt Magic Formula screen. There is some way to go before I fill up the portfolio with Magic Formula stocks, so it is too early to see how I am doing. So far, at any rate, machine is beating man.…



Mark Carter's Latest Comments

The problem with Warren Buffett is that he utters great soundbites; but the truth behind them are often filled with nuance. Like when he said that he was sure he could find people who were capable of earning 50% pa. Really? How? Doing what? "Looking for wrinkles". What wrinkles? I don't know the kind of person he had in mind, but even Walter Schloss doesn't…

Plenty of red flags on DQ Entertainment (LON:DQE), although not quite as many as on a company like Quindell (LON:QPP). Warning signs include: * low returns on equity (circa 7%) * AIM-listed foreign stock * overloaded with intangibles * bad chart * absurdly low PE Chris Moyles once wrote a book which he described as a good "toilet book". To paraphrase him, DQ Entertainment (LON:DQE)…

Danger, yes, it's quite possible that I was misremembering who was doing what. There are plenty of sites dedicated to OK Cupid trolling, though, having such gems as "adulthood means getting so black out drunk on a Wednseday night that I stumble back to my apartment with one of my guy friends who paid for all of our shots and we pass out in my…

There has been a lot of controvesy about Cupid (LON:CUP) in the past, with allegations that there were people paid to feign interest in free registrants in order to induce them to take out a subscription. As far as I recall, the company has vigorously denied this, although it did call in auditors to assess its "business practises". Cupid (LON:CUP) has been a bit of…

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