Real Name: Nigel
Interests: Economics, Oil, Property, Stocks
Location: SW, UK
Fantasy Fund: nigelpm's Fund
Investor/speculator mainly in UK equities
Always looking for a bargain!
- Where NTAV exceeds market cap
- Large solid companies have been hit temporarily
- Low Price to Earnings/Cashflow
- Good businesses temporarily cheap
What do they do: http://www.rsmtenon.com/en/About-Us.aspx Through a comprehensive suite of accounting and consultancy services, we offer intelligent solutions to a national client base that ranges from individuals and entrepreneurially-led owner managed businesses, to large corporations and public sector organisations. With leadership in the provision of business advisory, risk management, tax, recovery and financial management services, we are the UK’s 7th largest accounting firm with a…
I don't really follow currencies closely but this one has peaked my interest. It's now at its lowest level (in terms of dollar value) since WWII (78.2 and moving all over the place having been as low as 76.4 as stops no doubt got hit) as I type. The considered view is that the BoJ are likely to start buying around 80 USD/YEN to protect…
Barratt Developments (LON:BDEV) looks to be another good asset play. The current market seems to be throwing lots of them up.Recent Half yearly report available here: · Revenues for the half year were in line with the prior year equivalent period at £877.6m (2009: £872.4m) · Completions for the period were 4,832 (2009: 5,053), including 36 (2009: 25) joint venture completions · Average selling price…
Basically a REIT with a big bank loan and property investments in Europe. Total liabilities = £243m. Total Assets = £346m Latest half yearly report here :http://www.rns-pdf.londonstockexchange.com/rns/7260R_-2010-8... i.e. Equity at £103m Market cap currently around £30m. Unless property in Europe continues to dive (which isn't impossible) should be a good if not great investment.
This looks to be a good asset play. http://www.investegate.co.uk/Article.aspx?id=201009150700076898S Final results out. All looks ok. Huge jump in NAV as expected Shares in issue - 81.85m Thus at £3 market cap is : c. £245.6m Per consolidated Balance Sheet Shareholders' Equity is £423.2m Thus NAV per share = £5.17. Also, dividend is up 15% and business is doing quite nicely.
I wouldn't touch Flybe as an investment - the load factor of 68% pretty much tells you all you need to know. It's shocking. Ryanair reported a load factor of 94% for March FWIW and an average of 92% for the same period as Flybe have reported here. They are being hammered by the likes of Ryanair and Easyjet.
Nice post mark.I think we also need to consider other high cost producers such as Canadian sands, north sea and deep water.Market price of oil will be the ultimate arbiter and signs to me that a bottom is being attempted. Hard to imagine you'd go badly wrong buying either oil futures or current cash rich producers such as soco.
For the up: Pick anything from : OPHR SMDR SIA BLVN AFR GKP
Sure, it's not black and white (nothing ever is) but it's about doing the least harm to their own reputation and I very much doubt many will be disappointed if they resign. The longer this carries on the worse it will get for Cenkos.
Couldn't disagree more Peter. Actually their leaving would suspend the shares and stop the farce that is currently taking place.