Registered:
20/05/12
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Followers:
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Comments
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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

I would be interested to hear people's views on Boohoo's LTIP and directors remuneration in general. I have not fully studied the remuneration report but hope to do so before voting on the accounts. I also see that the CFO has no "skin in the game". As far as I can see options are granted, received and cashed. I would also be interested to hear…

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

Hi Joy Yes I first bought November 2015 and have topped along the way but because it is 19.4% of my portfolio and the gain represents 1/3 of my unrealised gain I watch it very carefully. I am not keen on these LTIP's but understand that directors need incentivising. But feel the co-ceo's should be incentivised enough by the increase in the share price and…

Revolution Bars (LON:RBG) mentioned in Mark Brumby's newsletter this morning, which may be of interest http://www.langtoncapital.co.uk/daily-notes/langton-capital-2017-05-22-rbg-over-supply-longer-term-trends-other/ Paul put me (via SCVR) on this a while back. It is excellent and should be required reading if you invest in the liesure, restaurant, pubs etc sector but TBH if you invest in stocks at all.

Thanks Jonny. Sorry to hear about the loss. Munger is well worth studying. There is a lot on YouTube and Charlie Munger the Complete Investor by Tren Griffin is excellent. My 10 year old (I have it on audio book) particularly likes his reference "...to starting out like a one legged man in an arse kicking contest...". Buffet gets most of the attention but there…

I personally just dont think the story or the numbers is as good as they make out. I had a conversation with Paul Scott on this back on March 23rd http://www.stockopedia.com/content/small-cap-value-report-thu-23-mar-2017-nxt-rbg-spe-trcs-sis-wyg-sfe-177264/?comment=42#42 Though I accept that my understanding maybe have been poor and or muddled, I read the accounts and could not understand how they were accounting for CAPEX. So I sold my minute holding for…

Thanks. No I am not a trader either (13 buys/sells this year) but I think it would be good to have a source. I will take look. Best Michael



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