Any chance of a David Stredder stocko interview

10th Jan '17 by The Phoenix

23 comments 9113 reads

David is a bit more under the radar than Paul but as most will know an awesome investor any chance of a Naked Trader/Lord Lee type interview ?

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The Phoenix

Premium Member

23 comments

jonno

19th Jan '17

Hi Ed
I have met David a few times at various investment events. He is a really nice individual as well as being an astute and successful investor. It would be good to hear his views on the current investment landscape and off course any potential investment candidates.

Likewise Robbie Burns of naked trader fame is another very astute investor and I would be equally interested in hearing his views, if it could be arranged.

Best wishes to all at Stockopedia for a successful 2017.

The Phoenix

19th Jan '17

Agreed any chance of another interview with Robbie at some point Ed he's always worth reading and listening to.

Rusty2

19th Jan '17

There was a Robbie Burn's interview about 1 year ago.

The Phoenix

19th Jan '17

Time for another one then Herbie, i've been to one of his seminars and he has a huge passion for trading you could listen to him for 24 hours and not be bored.

Plus was most popular interview on Stocko last year so people like what he has to say

iwright7

20th Jan '17

Coincidentally I am off to one of Robbies seminars at Heathrow this morning. The Naked Trader was one of the 1st books I read when re-starting investing some 4 years ago. I read it again 2 weeks ago and hadn't realised just how much the advise has changed my thinking from Growth to Growth + Momentum. So I am really looking forward to meeting Robbie in person. Will post some feedback over the weekend. Ian

The Phoenix

20th Jan '17

Worth every penny Ian he's a great speaker

Rusty2

20th Jan '17

I have nothing against Robbie Burns, I have his book and follow his blog.

I would suggest Richard Beddard, there is a screen on Stockopedia that performs very well, last interview was in 2011 I believe.

iwright7

21st Jan '17

An excellent Robbie Burns seminar that I really enjoyed, not least because Robbie is a excellent speaker with some wacky and many strongly held views. A huge amount of information and discussion occurred between 10am and 8pm and was still going strong when I left. Robbie places a lot of weight on next years predicted pretax profit/current market cap (10 "not bad") and debt not being more 3x annual profit, to identify reasonably priced/low risk shares. More objective advise included looking for the negatives and don't be swayed to buy by £30K/year financial journalists, or bullish bulletin boards. Robbie doesn't have a single investing system and these vary from short term opportunity trades to long term conviction buys.

The discussion about FSTE ETF shorts in a declining market and live Level 2 buy in timing were completely new to me and concepts I need to ponder further. I have already concluded that Spread Betting and commodity trading are not for me. Incidentally Stockopedia is used as the "go to" share information source through the day.

I was surprised how many new wanabie traders/get rich quick types there were there. I was even even more astonished when one of the precipitants I was talking too over lunch revealed that he had brought a £5K charting package with £800/year data subscription. Needless to say his trading wasn't going well. He would have done much spending 10% of that listening to Robbie, buying a Stockopedia subscription and invested the balence of his money in a decent share. So yes worth every penny and I have booked myself onto the more advanced March event. Ian

The Phoenix

21st Jan '17

Glad to hear you enjoyed I'm thinking of going on the advanced seminar but won't be able to do so until later in the year,
Would you have any objection to letting me know what you thought of it when you have been and what subjects you covered on the day.

Martin5760

21st Jan '17

Clarea. I have been to one of Robbie's advanced days (and a few years ago to his introductory one). I can recommend it. At the advanced one there were around 25-30 people there, everyone was asked to come along with a share which Robbie analysed. This took up most of the day as he dissected each one and analysed its fundamentals giving you an insight into how he goes about stock selection. I found this very useful indeed - I have read so much trying to learn about fundamentals and struggled to absorb much of it - yet listening to someone informed and engaging I learnt and retained so much. Probably half of the people had been to one of his advanced seminars before, quite a few had been to several and a few had been 7,8 or 9 times ! Some people would buy the share he was analysing once he had given a positive view of it, before even he had the chance to press the button live himself ! It cost £540 inc vat. I think it is worth it for taking away a number of potentially very good trades and for me it has paid for itself with just one profitable trade.

The Phoenix

22nd Jan '17

Hi Martin,

Thanks for the info is the day spent mainly going through how he screens a company is there anything else he covers that was of use to you ?

Thanks Andy

Martin5760

23rd Jan '17

Yes - most of the day is spent going through the shares people have brought along. Talking about what stands out about each company debt, p/e, dividend, going through last set of results... So basically how he goes through a company and reaches a conclusion. Its pretty much all fundamentals and basic chart analysis. Plus he does it all on a big screen using Stockopedia so it all feels familiar. As it is a more advanced day it is assumed that people coming have some knowledge of TA, charts, p/e, dividends, debt etc and there is not really any 'teaching' as such. But the day is not so advanced that even if you just have a basic understanding of most of those you will not feel left behind.

The Phoenix

23rd Jan '17

Thanks Martin appreciate the info sounds well worth going to

tiswas

13th Feb '17

I would be interested in David Stredder's take on the markets.

I am sure that he is still doing fine but a lot of his favourite stocks such as RTC (LON:RTC), Crawshaw (LON:CRAW), Ensor Holdings (LON:ESR), £SKIL, Sprue Aegis (LON:SPRP) etc are a long way down from the highs. The fall in Crawshaw (LON:CRAW) in particular has been relentless and I have my finger poised to buy on any positive news coming out of the company.

Ensor Holdings (LON:ESR) has now de-listed.

jonthetourist

14th Feb '17

David doesn't need me to defend his record, but I think your list is selective. I remember him drawing Accesso to my attention when the share price was around 10p. Currently 1550p*. The nature of backing small-cap growth companies is a roller-coaster ride.

Jon

* I didn't invest. Sigh.

tiswas

14th Feb '17

Jon

Of course it is selective. I am curious as to how a successful investor handles such falls, whether he has stop losses, whether he sells and moves on, whether he thinks the market has it wrong, what lessons can be learned.

I am in two of those stocks and have held on so interested in David's take also.

Ramridge

14th Feb '17

David Stredder is worth following on twitter (under @carmensfella)

iwright7

7th Mar '17

Clarea,

You asked me to comment on the Advanced NT seminar and I attended yesterday. Much less information to digest than Part 1 and it was noticeable that most of the “Wanabee get rich quick gamblers”, weren’t present for the second session. Each of the 25 delegates brought along a share for detailed analysis and just a few companies survived the, “would I buy this now” group scrutiny.

Robbies multi-million portfolio extends to some 80 shares and no single system is used for their selection. He likes a story, is happy to short the market or individual shares and generally starts with small position that he is prepared to build on, or to change his mind and sell quickly if he has got it wrong. Nevertheless the key fundamentals of the majority of his selections are quite similar to the Stocko Naked TraderEsqe screen i.e.

P/PTE < 15 (< 10 is good)

Net Debt < 3x Pretax Profit

(+New Story - Significant new product, or sales)

For those doubters, the quarterly rebalanced Stocko version of the Naked TraderEsqe Screen has returned a mightily impressive annualised return of 24% and 200% cumulatively since its inception in 2012. Were the courses worth the money? – Well for me an emphatic Yes. As ever please DYOR. Ian

The Phoenix

7th Mar '17

Hi thanks for replying.

I knew 95% of what he went over on the first seminar but the 5% I didn't know was valuable mainly around level 2.

I get the impression the follow up is of more use to people who have traded for a while was that your feeling also.

I also was suprised at the amount of youngsters there when I went probably thinking they were going to make a fortune investing student loans.

iwright7

8th Mar '17

Clarea,

Yes at the 2nd seminar most NT attendees had trading experience and had realised that investing/trading is not a get rich quick activity. What was noticeable (probably because we had paid) that we were all keen to get as much out of the day as possible. For me the share selection discussion and Robbies personal take was the most valuable part.

In particular you get to see Robbies thought process in action, which is remarkably quick and simple. From a quantitative standpoint whats most remarkable is that Robbie uses very few financial numbers and his selection technique does not require the computer generated Stocko metrics that I would normally use. Much of the additional qualitative type share selection are covered in the NT book, but the many nuisances of this thinking are what you get from the seminar. This "Dr Spock" type combination tends to eliminate high PE speculative type stocks, (unless he is in Punt mode).

I hold quite a few high PE growth type stocks and I am concerned that the market is getting toppy and that these types of more speculative stocks will be hit hard when there is a correction. So I am gradually top slicing/ switching into lower PE "boring" value type shares with some growth, which Robbies P/PTE calculation, (<10 is good) helps to uncover. My lateast manifestation of this is to do the opposite to Paul's lastest post and to buy more boring shares in Morgan Sindall (LON:MGNS)

So I am modifying my selection process: First to use some of Robbies qualitative and qualitative methods, then to "cross check" the companies that remain with various Stocko metrics (Stockrank, High F-Score, FCF etc). Hopefully the best of both worlds! Ian

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The Phoenix

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