This space is reserved for donald pond to introduce himself.
A long time ago I used a discretionary wealth manager, Brooks MacDonald Brooks Macdonald (LON:BRK). Despite giving them a cautious mandate, they put a load of my assets into the IPOs of Squarestone, an AIM listed Brazilian property developer than soon delisted, and Ncondezi Ncondezi Energy (LON:NCCL). Ncondezi Energy (LON:NCCL) promptly lost over 90% of its value, I fired Brooks Macdonald (LON:BRK) and started managing…
Interesting but one thing that frustrates me about Stockopedia is the lack of interest in Oil & Mining stocks. Yes, a lot of them are blue sky, but there are a significant number that are well run, profitable cash machines. Rockrose Energy (RRE) and Jadestone Energy (JSE) spring to mind on the oil side. Both buy mature fields from majors who are not interested in…
Agree with those comments Simon and I too have an outsize exposure to £:AAZ. I think there are at least 5 key issues at play: 1) The world economy is slowing down. Some places are worse than others, but even the US is slowing, and the underperformance of the Russell and the FAANG stocks, coupled with low volumes, indicate that smart money may be exiting…
You talk about each case being unique, but Burford has many strings to its bow. At FY, its balance sheet investments were 62% invested in portfolio funding. In these arrangements, Burford lends to a client and the amount is cross-collateralised across a number of litigation cases, thus reducing risk. To date, only once has a portfolio funding arrangement closed at a loss, and that was…
I think the simple answer is because it provides a more accurate view of the performance of the company. Even if you just take Petersen as an example, would it give an accurate view of the company if the 60% remaining of an asset that was acquired for around £15m, and a minority chunk of which has since been sold for £300m, was valued at…
It is also interesting that £BUR appears top of the list of shares being sold, whereas I just happened to look at IG this evening and see that 96% of investors in £BUR are long. Whether that indicates a change in sentiment in the days between the above and today or, possibly more likely, that IG users have a different approach to HL investors, who…
