Registered:
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Real Name: Mark Carter

Occupation: Private Investor

Interests: 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 ... a hedge for ignorance

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

Industrial supplier Diploma announced its finals today (https://goo.gl/j6zOXY), sending its shares up 1.2% to 910.5p in early trading. Revenues were up 15%, profit before tax was up 5%, free cashflow was up 46%, and total dividends were up 10%. So everything is going in the right direction. The Chief Executive commented: Despite the current macro-economic uncertainty in the global environment, the Board remains confident that…

In my previous post, I lamented my holding in Laird. Two shares that are working out well for me are investment trusts: Black Rock World Mining (BRWM) and JPMorgan Russian Securities (JRS). BRWM is up 33% since I bought it in Mar 2016, and JRS is up 34% since I bought it in Dec 2015.So what went right? My answer is: they were value investments…

Laird announced its Q3 trading update today, sending its price down 48% to 161p. Highlights from its announcement:After a disappointing first half … we have experienced increased margin pressure … Management are taking actions to stabilise and improve the financial performance of the PM division with a considerable focus on managing costs and cash across the Group. We expect year end net debt to EBITDA…

Tribal dropped 39.9% to 32.66p in early trading after releasing an RNS on its trading update (http://is.gd/ym729r). Apparently the company is a “provider of software and services that support the management of education”.It’s the first that I have heard of the company. I only noticed it because I was looking through the list of risers and fallers for the All-Share.Stockopedia is really an invaluable resource,…

I have been scanning through Stockopedia’s Screens, looking for interesting shares. What I noticed is that the Winning Growth & Income screen, and Robbie Burns Naked Trader screen have exceptionally low volatility and exceptionally high returns. This is apparent just by looking at the chart. If you want to be more quantitative about it, you can look at the maximum draw-down figure. Both are reasonably…



Mark Carter's Latest Comments

I can't resist commenting on this company. I was scanning the LSE boards, and came across this little recent gem: "the company actively looking for ways to spend the £51m cash on the balance sheet, either on an acquisition or on a new factory and processing facilities, or perhaps both." The RNS does not mention the word "factory" specifically, but a "new site". Reading between…

I thought that the following link was quite interesting: Three Keys to Spotting a Fraudulent Chinese Company http://www.chinalawblog.com/2016/02/three-keys-to-spotting-a-fraudulent-chinese-company.html "Interest rates at Chinese banks is very low and legitimate Chinese companies do not usually keeps large amounts of their cash in interest bearing bank accounts." Another sign are excessively-high profit margins.

This has all the classic signs. Your figures showing every-dimishing Return on retained earnings is very typical of what we see in Chinese companies. One thing you didn't mention was debtor days. They crept up from 54 days in 2012 to 116 days in 2015, according to figures on SharelockHolmes. Very very typical for these sorts of shares. Also, the company is only a relatively…

I would just like to that Ed and the rest of his team for an excellent webinar.

One thing I've also observed: the media is full of endless commentary about China. Should you buy, should you sell, Chinese banks are doing this, construction is doing that, and so on. I didn't hear anyone come out and say "hey, look at Russia (or whatever), it's amazingly cheap". It reminds me of the time that Buffett invested in a portfolio of shares in Korea,…

Mark Carter's Top Awards 87



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