Fri 3:56pm


Occupation: Private Investor

Interests: Property, Stocks

Location: Kent

Twitter: @kalkanite62

About Me:

Retired from engineering aged 53 to take up full time private investing. Hold a concentrated portfolio. Value & GARP investor. My preferred invetments are companies with very good downside protection whilst having great upside potential, or as Mohnish Pabrai would put it - "Heads I win, tails I don't lose much" investments.

Investment Strategy
I trade... a few times per year
I tend to buy... after much research
I hold for... a year
Diversification is ... a hedge for ignorance
I invest in companies that are undervalued and have very good downside protection, invest companies that are in my circle of competence and have understandable set of accounts, if it's too hard to understand, it's because the CEO doesn't want you to understand so is a bargepole. Invest only in management that you can trust. Keep it simple and avoid complex investments, the psychological side of investing is hard enough. I keep my hurdle rate high and therefore only invest in a few companies each year. When in doubt, don't - Benjamin Franklin. I do not invest in any of the following.... Oil & gas Mining - Hole in the ground with a liar at the top Financials - Too difficult to value Blue sky shares - Too often fail to get off the ground Low margin, especially large scale contractors - always an accident away from bankruptcy Consultancy firms - where staff can upsticks and take contracts/clients with them IPOs – The most knowledgeable person of an IPO company is the current CEO, so why is he selling? Most foreign listed companies on AIM Companies carrying more than 25% of market cap in debt - can quickly go to 50% in a bear market

Kalkanite's Latest Blogs

Meet up for Kent investors I’m looking at doing an informal meet up for Kent based investors to get together with like minded people and chat about investments/bounce ideas and information. This will be a good chance to get to know some of our fellow posters. If all goes well then we can perhaps convene on a regular bi monthly/quarterly basis. The initial venue for…

The Gym Group #GYM was floated on the AIM market in November 2015 at a price of 195p / share. I've had this company on my watch list since early last year, I thought I had missed the opportunity to invest as the share price moved up to a high of 343p in September of last year before succumbing to the overall market sell off…

I've become increasingly worried about the size of and attitude towards corporate debt over the last couple of years. I think that the recent collapse of Carillion is just the canary in the mine.BOND PROXIES With such low yields from bonds and a potential collapse in bond prices should inflation rear its ugly head, many (especially FTSE 100) companies have become increasingly more popular as…

This value investor breaking his rule and going for growth”If 3/4 of your Gin & Tonic is the tonic, make sure you use the best”“Proudly served in 7 of the 10 top restaurants in the world”I’m a bit late to the Fever Tree party but I think there is still a great deal more to come from this British growth company that is priced at…

I sold out of JDG this morning (20/7/2016) after a profit warning in their interim results to end of June. It seems that despite several “quality looking” acquisitions over the last 18 months, JDG will be heading for lower EPS than it had 2 years ago. I first bought JDG in January 2011 at a price of £4.35 and have held the shares since, buying…

Kalkanite's Latest Comments

Inland Homes (LON:INL) appear to be breaking out of a 3 month VCP structure today. For context they received planning permission at their Cheshunt Lake joint venture for 1,725 homes + 19,000 square meter of commercial space of which Inland Homes (LON:INL) own 1,253 residential plots and 4,905 sm of commercial space.Earlier this year they received planning permission for their Wilton Park site in Beaconsfield…

Thank you Gromley I very much enjoyed the company and chatting about investing. It turned out to be quite a broad discussion and had a a couple of good ideas to take away last night. January sounds good to me. Hopefully I will see everyone at the Mello event in November. Regards K

Reminder for time and place of venue tonight... Venue - The Muggleton Inn, 8-9 High Street, Maidstone, ME14 1HJ Time - 7.15pm Wed 4th Sept. I will be getting there for 6.30pm in order to get an optimal table.I will let bar staff know that we are having an investor meeting so that they can direct you to our table. Very much looking forward to…

I'm no expert but Boohoo (LON:BOO) appears to be making a mini and megastructure VCP. The small VCP starting circa early May with a mega structure starting circa Sept. 2017.looking like September could be quite an interesting month for BOO if it breaks out.

Hi Ric Glad you can make it. I have messaged you brief details. For those who might be thinking of going but can't commit just yet, the details are as follows- Venue - The Muggleton Inn, 8-9 High Street, Maidstone, ME14 1HJ Time - 7.15pm Wed 4th Sept. Table booked for upstairs under the name of John. I will let bar staff know that we…

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