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12/02/09
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Real Name: Nigel

Occupation: Other

Interests: Economics, Oil, Property, Stocks

Location: SW, UK

Fantasy Fund: nigelpm's Fund

About Me:

Investor/speculator mainly in UK equities


Investment Strategy
I trade... weekly
I tend to buy... after much research
I hold for... a few months
Diversification is ... important, but not beyond 10 positions

Always looking for a bargain!

Basically :

  • Where NTAV exceeds market cap
  • Large solid companies have been hit temporarily
  • Low Price to Earnings/Cashflow
  • Good businesses temporarily cheap


Nigelpm's Latest Blogs

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.



Nigelpm's Latest Comments

Like it paul. Takes guts to gear up in volatile markets but that's what made you your first million. If I recall correctly?

Question for those who sell - when are you going to buy back in? The market doesn't hold aloft a flag saying buy me now.

Superb post. I've been amazed at the recent panicking by so called investors who one minute are singing the praises of the latest oil stock and then the next selling everything. Each to their own but if you are invested in highly geared sectors you have to expect volatility.

The point here being that PPE in total is valued at £24bn in the accounts at cost - my point above really that using cost for PPE is prudent.

By the way. Per 2014 annual report: http://www.tescoplc.com/files/pdf/reports/ar14/download_annual_report.pdf per page 14: Property The market value of our property across the Group currently exceeds £34 billion, with the most significant driver of the reduction since last year being the impact of foreign exchange rates.