Registered:
20/05/12
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Real Name: Michael Broom Smith

Occupation: Company Director, Private Investor

Interests: Stocks, US Market

Location: Herefordshire

Twitter: mbroomsmith

About Me:

I have been running my ski holiday business (Purple Ski) for 25 years and started with £3.57 in the bank, which for me shows that a buy and hold philosophy can work! I split my time between Meribel and Herefordshire.


Investment Strategy
I trade... monthly
I tend to buy... after much research
I hold for... years
I invest with... <£500k
Diversification is ... important, but not beyond 10 positions

Still learning and have been reading voraciously for the past two or three years to educate myself but still feel I have a long way to go. However I am a definite fan of Warren Buffet and think that his philosophy is the right one but have recently become enthusiatic about Slater's Zulu principle.

Diversification is important but not beyond 15 to 20 positions


Website

High end luxury ski chalet business in Meribel

Web Address: http://www.purpleski.com

Tel: 01885 488799

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Purpleski's Latest Blogs

deleted original comment by poster as was or is now erroneous.

Does anybody know who are the major customers of Finsbury Food (LON:FIF) ? Specifically how reliant they are on the major supermarkets? Thanks. I am long Finsbury Food (LON:FIF) and currently up 13%



Purpleski's Latest Comments

What an excellent post simoan. I could not agree more. Avation (LON:AVAP) is an undervalued company and Somero Enterprises Inc (LON:SOM) is a quality company. Somero Enterprises Inc (LON:SOM) is based in the states and reports in $ and does not then convert them in to pounds and Avation (LON:AVAP) is based in Singapore (as is XP Power (LON:XPP) another core holding my initial purchase…

Hi dgold Thanks for the input. I am still confused :-). I get the difference between maintenance CAPEX and CAPEX (the actual cost of fitting out the bar in the first place). For example tables and chairs will have been purchased initially to open the bar and from time a customer breaks a chair it needs to be replaced But for me at some point…

Hi dgold I am with you. Firstly when it comes to EBITDA I am always reminded of the Charlie Munger aphorism "I think that, every time you see the word EBITDA, you should substitute the word ‘bullshit’ earnings.” (https://www.forbes.com/sites/brentbeshore/2014/11/13/ebitda-is-bs-earnings/#5d5eca7a6070). I had a look at Revolution Bars (LON:RBG) last published accounts and could not make out what they were allowing for in net profit and could…

Thanks for the input. Please my reply to @davidjhil 46 below. KR Michael



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