Real Name: Michael Broom Smith
Occupation: Company Director, Private Investor
Interests: Stocks, US Market
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.
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
Peterthegreat agree entirely.
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