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Real Name: Roland Head

Occupation: Blogger, Entrepreneur, Journalist, Private Investor

Interests: Bonds, Commodities, Economics, Emerging Markets, Gold, Interest Rates, Oil, Property, Stocks, US Market

Location: United Kingdom

Twitter: rolandhead

Fantasy Fund: Stock in Focus portfolio

About Me:

Private investor & writer on stock markets with a particular fondness for free cash flow, dividends and value, plus an interest in resource stocks.

In earlier life, I worked as an engineer in telecoms and IT. The quantitative, rule-based mindset required for this type of work is probably reflected in my investment style. 

Another factor that affects my investment choices is my experience working for a large telecoms company at the turn of the century, when tech stocks were booming. Watching this bubble inflate and then implode from the inside was very educational.


Investment Strategy
I trade... a few times per year
I tend to buy... according to my system
I hold for... years
Diversification is ... essential to reduce risk
Value and income focused, I run two portfolios: very long-term big cap income holdings and a pure value portfolio run along classic contrarian lines -- companies I believe are good business going cheap due to temporary factors.

Blog

Freelance financial writer, offering news, investment and opinion articles covering primarily UK stocks. Particular interests are dividend and value investing, plus the oil and gas industry.I have the CFA UK Investment Management Certificate (IMC).

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

Address: North Yorkshire
UNITED KINGDOM

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Roland Head's Latest Blogs

For Stockopedia junkies like me, one of the interesting aspects of corporate results season is seeing how each company’s results affect its StockRank. The effects of a fresh set of figures can be dramatic. By ignoring whether a stock is cyclical or defensive, the StockRank system often highlights value in areas where market sentiment and broker forecasts suggest that stocks might be fully valued. Housebuilders…

As I write on Tuesday, the market is full of unanswered questions. Article 50 and Brexit are looming. We’re waiting to find out whether the US Federal Reserve will increase interest rates in March. If it does, will the Bank of England follow suit later this year, now that inflation is rising?The outlook for oil and energy prices is also uncertain. The price of crude…

The SIF portfolio has had very little exposure to the volatile fortunes of housebuilders over the last year. Persimmon had a six-month spell in the portfolio but was sold for a 15% loss in October last year, a casualty of the Brexit sell off.The portfolio may now get a chance to make up some of these housebuilding losses. FTSE 250 housebuilder Redrow has slammed into…

In my personal portfolio, I hold shares in three of the big miners -- Rio Tinto, BHP Billiton and Anglo American. I didn’t catch the bottom when I bought originally, but I averaged down where possible. The dramatic recovery these firms delivered last year produced some respectable profits for my portfolio. However, these big gains left me wondering whether I should trim my holdings as…

After a long dry spell, the Stock in Focus screen is back in action this week. There are two new qualifying stocks to consider adding to the portfolio. As this will be the last SIF column published in February, I’ll also be reviewing two stocks that have reached the end of their six-month minimum holding period. February’s monthly review My screen didn’t serve up many…



Roland Head's Latest Comments

Hi BH1991,Thanks for your comment, you make some good points about Coats (LON:COA) but I'm not sure I agree with your interpretation of some of the metrics you list.Net cash Net cash fell by $162m last year. Looking at the figures, there were three main reasons for this:- $74m foreign exchange losses- $36m spend on acquisitions - $99m UK pension scheme paymentsForeign exchange losses were…

Hi Jim, Thanks for flagging this up. I've not had this problem, so I don't know if it's just a quirk of the way Sirius Real Estate (LON:SRE) has been classified in HL's system. I was able to get a quote to buy online from my broker earlier today, without any apparent restrictions. I don't remember ever filling out a waiver letter in the past,…

Hi Gus, I agree that Sirius Real Estate (LON:SRE) looks overbought in the short term. But over six months or more, and with subsequent newsflow, I don't think it's a major consideration. At least, I hope not! The other point is that I don't try to time entry points for the SIF portfolio based purely on technical factors. That's not to say they aren't relevant,…

Indeed, I'd really like to have kept Go-Ahead (LON:GOG) in the portfolio. Although I have to beware of the temptation to change the rules to suit my own stock choices. That's not the point at all!

Hi Si, Thanks for your comment -- by all means play with the screen, I'm sure it can be improved on!. The RS rule has been frustrating at times over the last year, especially after the referendum when it prevented me adding a number of credible stocks to the portfolio (because their share prices had slumped). A shorter RS period is one of the items…

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