This space is reserved for jwebster to introduce himself.
Now that we have reached a new month I have taken the opportunity to sit down and review June’s performance for my trades. Holdings which went up (all companies with good earnings and cash generation)Mission Marketing (LON:TMMG) £3INComputacenter (LON:CCC)IG Group (LON:IGG)Robert Walters (LON:RWA) Chancers which did OK (more speculative bets)Arrow Global (LON:ARW)Duke Royalty (LON:DUKE)Scapa (LON:SCPA)Talktalk Telecom (LON:TALK) (short position) Short position on the British Pound…
H & T (LON:HAT) Ramsdens Holdings (LON:RFX) Some interesting reading recently on HAT and RFX with various announcements. Should I buy either/or ? To compare: Well done H&T for buying the Money stores, paying 10.6m for 9.9m revenues. Additional 4m in working capital to make them operational. The stores are in a bit of a state from what I’ve seen but H&T should know what…
Cineworld (LON:CINE) Price has dropped yesterday, trading around 258p. CINE released a RNS saying their Auditors KPMG have pulled out of the tender process and a letter from KPMG is listed on CINE website citing commercial reasons for withdrawing “…we declined to participate as we did not consider that it was likely that we would be able to agree acceptable commercial terms.”. While this is…
Arrow Global (LON:ARW) Price has had a bit of a jump up to 233p from the lows around 180p The negative is ARW is the second most shorted stock in the UK at 10.5% although down from a high of 12.45% Hedgies love shorting these kinds of companies as they run on leverage. Borrow large sums of money, buy charged off consumer debts, collect the…
Next (LON:NXT) "I have to admit it doesn't particularly sit comfortably a clothing company making a big wad of finance money on top of the profit from selling clothes" Just looking at the half year results, the finance sales numbers are: 134 interest income (19.1) bad debt charge (21.3) overheads (17.8) costs of funds 75.8m net profit Wow, 75.8m net profit on 134m revenue. That's…
Private equity is awash with cash. My limited interactions with them, they were looking for cash generative funnels they could ideally leverage with debt and achieve 8% ROA (where the 'A' is really their equity if not debt funded) so a fairly low investment bar. The analysis of cash flow projections were obsessive, beyond imagination, when I saw their work.
Strix (LON:KETL) Nice earner Strix. But I wondered about their heating control patent and found this Patent Office reference, which shows their heating control patent expires Feb 2022https://patents.google.com/patent/EP1233649A1/ptI'm not an expert at all, but for this reason dropped Strix off my list, as they could lose their moat in two years.
Great article, thank you for putting the time in to write this A qualitative observation from myself. Fever tree tonic in the UK has achieved cult like status, with bar managers and their customers. However, I travel internationally and I'm a gin drinker. I always ask the bar tender what tonic he's going to use when I order a G&T - if it's a cheapie…
I'm not holding much cash, don't think we're at peak yet, I'm relying on the leader of the free world wanting to win an election at all costs, to cover off recession risk to stocks markets. Last few days have seen a 'hard brexit off' rally. Bought some cheap UK centric shares recently now on a rip: Countryside Properties (LON:CSP) British Land (LON:BLND) Newriver Reit…
