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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

With another tax year under our belt, it's time to pause for reflection, assess what we've learnt about investing, and hopefully boast about how our smarts led us to bag some big winners.Unfortunately, I have nothing to boast about this year. My portfolio was down 6.2% during the (tax) year, compared to a positive return of 2.8% for the ASX (FTSE All-Share). I therefore lagged…

Ed Croft wrote an article on Stockopedia recently, about DTG (Dart Group) (http://is.gd/tgECyO). the shares shot up that day (I'll resist using the word “flew") by 18% on the release of the trading statement:The Board believes that Group underlying operating profit(1) for the year ending 31 March 2015 will be ahead of current market expectations and broadly in line with last year (2014: £49.2m), as…

It is tempting to dump stocks that move sideways for a couple of months, assuming that they have nowhere to go. You just become bored with the stock. Such an attitude may not be a productive one, though. Looking for stocks that have done nothing may be beneficial. I am referring to stocks with a market cap of say, at least £100m, maybe £150m. I…

$BABA (Alibaba) shares traded up 3.25% to $103.29. It has a market cap of $249bn. It's annual revenues for 12 m/e 31 march 2014 was 52.504bm CNY (8.45b USD). That gives it a PSR of around 30. Doesn't it occur to investors that a $249nb company cannot legitimately grow at rates which justify a price to sales ratio of 30?Revenues were 11.9bn CNY for 12m/e…

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…



Mark Carter's Latest Comments

I don't know. I kept it in my fantasy fund because I can see the argument for it being cheap. I don't own it myself, though. There have been a couple of directors buys lately, but they were so small that they look like they were for show. So I'd actually read that as a negative. According to my calcs, the stock dropped 4.5% when…

Mar City (LON:MAR). What's /really/ going on here? It has a distinct whiff of Quindell dodgy share dealings. I don't understand what's going on, but this is distinctly fishy. Why would a bank take shares as a security for a loan? And why would they sell those shares, instead of demanding more collateral? If the directors really wanted to pledge security, then why weren't their…

I note from http://www.valuewalk.com/2015/02/michael-mauboussin-managing-man-overboard-moment/ that "The bubble periods contain about 40 percent of the observations". This makes me a little nervous, because the statistics cited might be tilted heavily by what happened in exceptional circumstances, and might not be applicable in general.The stats might have been distorted by the bursting of high-momentum tech stocks on the one hand, and the capitulation on shunned value stocks…

The problem with Flybe (LON:FLYB) is that it seems to be constitutionally incapable of generating profits. Comapre and contast: easyJet (LON:EZJ): operating profits from £49m to £581m over the last decade. Dart (LON:DTG) 14m to 31m, Ryanair Holdings (LON:RYA) 227m to £540m. International Consolidated Airlines SA (LON:IAG), not so good, from £540m to £631m, but at least it's making a profit. Maybe short haul domestic…

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