Occupation: Fund Manager

Interests: European Markets, International Stocks, Stocks, US Market

Location: At Home

About Me:

A Portfolio Manager with over 15 years experience. Currently looking for a job (please email me if you think I could help your organisation). When not ferrying the kids around or in the veg patch I love analysing shares and taking positions on both the long and the short side. I look for value situations, especially net-nets and undervalued compounders. I believe good / bad management has a massive impact on the outcomes for shareholders. I would not rather do any other job. Email me if you have any interesting ideas that fit into my criteria.

Investment Strategy
I trade... a few times per year
I tend to buy... after much research
I hold for... years
Diversification is ... essential to reduce risk
Bottom up investor who combines a core of quality high return shares with more opportunistic purchases of value / out of favour companies where I feel the market is being too short term. Mainly a UK investor but I have also invested in European and US situations.

VegPatch's Latest Blogs

Bioventix (BVXP LN) Mkt Cap £90m Net Cash £5m Great set of H1 results from mono clonal antibody producer, Bioventix, today. To remind you Bioventix produces Mono clonal antibodies (MABs) made from Sheep blood cells. Antibodies bind to a particular molecule (antigen). So specific antibodies ONLY bind to specific antigens. Bioventix's targeted antibodies are used by the manufacturers of blood testing machines like Siemens, Roche…

Somero mkt Cap £150m, price 265p FY16 results look good. Revenues grew 13% to $79m. The biggest driver was the strength in US non residential construction, with N American sales growing by over $7m to $56.6m and now represent 70% of Group sales. Europe was also strong growing from $6m to $8m and now account for 10% sales. China was up 5% to $6m of…

Bovis Homes plc TNAV FY16 757p Bovis Homes’s admission this morning that it had received two bids in recent weeks, namely from Redrow and Galliford Try, was always a very likely scenario in my mind. The shares had been languishing at 1x Tangible Net Asset Value (TNAV) after downgrades to 2017 volume targets and self administered pain from mismanaging their labour costs. The housing market…

CLS Produced some great results for 2016. EPRA net assets per share rose by 17.9% to 2,456 pence (2015: 2,083 pence),I The 373 pence increase in EPRA net assets per share to 2,456 pence largely comprised underlying earnings (131 pence), foreign exchange gains (119 pence) and property valuation uplifts (97 pence). These results stand CLS firmly out from the rest of the property sector and…

Wondering what's going on in stock markets ? It's all about positioning2016 will go down as the year of the underdog. Leicester City winning the Premier League at odds of 5000 to 1, BREXIT at 7 to 1 and Donald Trump at roughly 5 to 1. These were all unlikely scenarios that went against conventional wisdom. And so it also meant that fund managers were…

VegPatch's Latest Comments

Share buybacks should be only contemplated if management can articulate how the resultant buyback creates value versus investing that same money in the business (ie capex). Lord Wolfson at Next is brilliant at explaining their rationale for share buybacks.

iwright7 Hi, I was interested in your Minervini / Paul Scott comment.personally i try not to have rigid rules, but i do try to refine my investing process over time. For the the majority of my personal portfolio i have high quality franchise shares like Bioventix (LON:BVXP), British American Tobacco (LON:BATS), Sage (LON:SGE), Next (LON:NXT) with a smattering of growth companies like St. James's Place…

Good luck A good company and really sensible management I hope it goes well for you

I Agree. Interesting chart from Redburn this morning highlighting the recent move in UK REITS. CLS has done so well relative to most other REITs, therefore I expect it may go quiet for a while. Having said that there is a still a large discount to spot NAV which is probably around 2550p / share post the sale of Vauxhall sq, so at 1875p =…

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