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Real Name: Nigel

Occupation: Other

Interests: Economics, Oil, Property, Stocks

Location: SW, UK

Fantasy Fund: nigelpm's Fund

About Me:

Investor/speculator mainly in UK equities


Investment Strategy
I trade... weekly
I tend to buy... after much research
I hold for... a few months
Diversification is ... important, but not beyond 10 positions

Always looking for a bargain!

Basically :

  • Where NTAV exceeds market cap
  • Large solid companies have been hit temporarily
  • Low Price to Earnings/Cashflow
  • Good businesses temporarily cheap


Nigelpm's Latest Blogs

What do they do: http://www.rsmtenon.com/en/About-Us.aspx Through a comprehensive suite of accounting and consultancy services, we offer intelligent solutions to a national client base that ranges from individuals and entrepreneurially-led owner managed businesses, to large corporations and public sector organisations. With leadership in the provision of business advisory, risk management, tax, recovery and financial management services, we are the UK’s 7th largest accounting firm with a…

I don't really follow currencies closely but this one has peaked my interest. It's now at its lowest level (in terms of dollar value) since WWII (78.2 and moving all over the place having been as low as 76.4 as stops no doubt got hit) as I type. The considered view is that the BoJ are likely to start buying around 80 USD/YEN to protect…

Barratt Developments (LON:BDEV) looks to be another good asset play. The current market seems to be throwing lots of them up.Recent Half yearly report available here: · Revenues for the half year were in line with the prior year equivalent period at £877.6m (2009: £872.4m) · Completions for the period were 4,832 (2009: 5,053), including 36 (2009: 25) joint venture completions · Average selling price…

Basically a REIT with a big bank loan and property investments in Europe. Total liabilities = £243m. Total Assets = £346m Latest half yearly report here :http://www.rns-pdf.londonstockexchange.com/rns/7260R_-2010-8... i.e. Equity at £103m Market cap currently around £30m. Unless property in Europe continues to dive (which isn't impossible) should be a good if not great investment.

This looks to be a good asset play. http://www.investegate.co.uk/Article.aspx?id=201009150700076898S Final results out. All looks ok. Huge jump in NAV as expected Shares in issue - 81.85m Thus at £3 market cap is : c. £245.6m Per consolidated Balance Sheet Shareholders' Equity is £423.2m Thus NAV per share = £5.17. Also, dividend is up 15% and business is doing quite nicely.



Nigelpm's Latest Comments

Agree with all of that Peter and Gromley's point on the Pension - however there is some potential hidden value here in the longer term that isn't currently accounted for on the balance sheet - that's the point I was trying to make.  Yes, it's not available now but it's absolutely not correct to say it hasn't got value. Certainly not convinced enough to buy…

Copied notes from your other thread - early ramblings:Lots going on in these numbers for me - very hard to see how the business is really performing.However, net debt now at a much safer level. Business clearly struggling and in a transformational state.I think medium term these will be a decent investment at 60p.As an added bonus Pension Surplus net nearly £150m

Lots going on in these numbers for me - very hard to see how the business is really performing. However, net debt now at a much safer level. Business clearly struggling and in a transformational state. I think medium term these will be a decent investment at 60p. As an added bonus Pension Surplus net nearly £150m

"What's GDPR?" F'ing Genius! ;-)

They have but they are still c.10% if I recall correctly - will have had a fairly major impact on recent price moves - any hint of good news - as there was in that statement send them to the hills.

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