Registered:
29/10/08
Seen:
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2495
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Occupation: Private Investor

Interests: Asian Markets, Bonds, Commodities, Derivatives, Economics, Emerging Markets, European Markets, Funds, Geopolitics, Gold, Hedge Funds, Interest Rates, International Stocks, Oil, Private Equity, Property, Stocks, US Market

Twitter: @marben100

About Me:

I am a full-time private investor... with a little trading on the side (generally small-scale arbitrage in specialist niches).

Previously, I spent 24 years in the IT industry, 13 of those running my own IT services firm. I invested as a "hobby" for 20 years before turning it into a full-time occupation in 2004.

I really enjoy the "research" side of investing, finding out about varied businesses and industries and learning what makes them tick. Since going "full-time" I have learnt an awful lot from some very erudite investors & professionals who are kind enough to share their expertise in electronc forums such as this. I can now count a number of them as my friends, having had the opportunity to meet them in the real world, as well as this virtual one!

I try to pay back the debt I owe by sharing what I've learnt and I always value constructive criticism to correct my errors and misapprehensions!

I am a Director of ShareSoc, the UK organisation for individual shareholders. See below for details.

 

 


Investment Strategy

Value oriented - but taking account of growth. I always look for "cheap" stocks but adjust my definition of "cheap" to take account of conservative growth prospects. "Cheap" can also relate to asset value, as well as earnings/cashflow.


Website

ShareSoc is a not-for-profit campaigning organisation, promoting individual share ownership, fighting for shareholder rights and providing educational resources to investors.

Web Address: http://www.sharesoc.org/

Address: PO Box 62
Chislehurst
Kent
UNITED KINGDOM
BR7 5YB

Tel: 020-8467-2686

Find out More »


Marben100's Latest Blogs

I normally post most of my trades to my Twitter feed, for those interested in what I've been doing, investment-wise. On Friday, I tweeted that I was too busy reacting to events to be able to tweet all my trades and that I would do a consolidated post about what I had done, so this is that post...My view on what is likely to happenAll…

As many Stockopedia readers will know, ShareSoc is the UK's leading not-for-profit organisation representing the interests of UK Individual Shareholders. We are most grateful for Stockpedia's support, since our launch in 2011 and are happy to endorse the good work that the Stockopedia team do.Since our launch, most of the work entailed in ShareSoc's day-today running has been done by a group of unpaid volunteers,…

"Never average down" is an old trading maxim (as illustrated by the linked article), but is it a correct one?Contrary to the article, I do quite frequently "average down"... however, I don't see it that way and, as with many maxims, there is grain of truth, which I will try to elucidate in this short article.Let's consider what "averaging down" means: it implies that the …

I was flattered by the feedback I received at our last investor Masterclass, in July, so I'm pleased to be able to announce our next one. It starts at 5pm on the 4th November 2015, with registration and pre-event drinks served from 4:30 pm. The main part of the event finishes by 8pm. It will be held at the offices of IG Group in the…

The price of oil (and energy in general) is significant for all investors, not just those invested in oil companies, as energy costs are a key input to the economics of many businesses. Hence the recent sharp decline in prices will have widespread economic ramifications, not just the obvious impact it has already had on the share prices of businesses linked to the sector. A…



Marben100's Latest Comments

The rate of decline in news sales has been pretty steady & predictable - 4% decline last year. Management has proved pretty effective at taking cost out at a rate exceeding that rate of decline. Note that despite the decline in revenues, operating profit in news distribution has actually increased, as has been the case in past years.Note also that news distribution is low margin,…

Bear in mind gearing shown only reflects interim results. Will be much lower once today's lower debt has been processed into the numbers. It also reflects a "capital light" business model, resulting in a low NTAV (book value) [and hence high debt:book]. Cashflow is the key for me, and this has always been a highly cash generative business. IMO the dividend is pretty safe. FCF…

Hi Ramridge, All sensible suggestions gratefully received - please join the campagn and/or ccontact us via the website. However, I believe that this will be an ongoing battle. Some changes by AIM are in train right now, and we are participating in consultations on those changes. If the changes are inadequate, we will seek to apply political pressure for further change, probably via the FCA…

Hi Tim,Whilst I agree that the whole point of AIM is to have a less onerous regulatory regime than that of the main market, for more dynamic, less mature firms, the failure lies in enforcement.The rules are there but there is little visibility over enforcement. ShareSoc is in a continuing dialogue with the LSE about this, trying to get some improvement.Another problem is regulatory fragmentation.…

Thanks Ed - no slight to Ben intended, the article is good. But, as I think you know, I'm very wary of purely mechanistic strategies. It would be really great to have those long-promised ;0) charts of stock rank histories, so that it's easier to spot when a trend may be turning. I really like the idea of the "Stockrank styles" - well done. What…

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