Registered:
12/02/09
Seen:
6th Sep
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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

They don't NEED to do anything but there might be value in litigation against these organisations if they are reporting lies as a deterrent and spreading of misinformation.

hmmm.. that's the interesting thing. My reply to this thread on TMF: "If what you are saying is true then I would fully expect law suits to be in progress from Soco's side. Will be interesting to see if there's an RNS on monday." was the first reply and still stands. I guess there could be a few things going on: 1) Soco can't be…

Interestingly it's no longer just a Telegraph Hatchet job: http://www.theecologist.org/News/news_analysis/2550128/congo_africas_oldest_national_park_under_violent_attack_by_uk_oil_company.html

That article is shocking. Title is aggressive accounting but nowhere does it back that up. They also state : "Tesco has high levels of debt, most of which is off-balance sheet in the form of lease commitments" That's quite normal - operating leases are held as a note - see annual report page 120 : http://www.tescoplc.com/files/pdf/reports/ar14/download_annual_report.pdf