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Real Name: Roland Head

Occupation: Analyst, Blogger, Newsletter Writer, Private Investor

Interests: Bonds, Commodities, Interest Rates, Oil, Property, Stocks, US Market

Location: United Kingdom

Twitter: rolandhead

Fantasy Fund: Stock in Focus portfolio

About Me:

I'm a private investor and writer on stock markets, with a particular fondness for free cash flow, dividends and value. I also have an interest in (profitable) commodity stocks. 

I hold the CFA UK Investment Management Certificate (IMC).

One of my investment interests is developing rules-based strategies such as my Stock in Focus portfolio. This reflects a significant part of my personal portfolio and is the subject of my weekly column here at Stockopedia.

In earlier life, I worked as an engineer in telecoms and IT. The rules-based approach required for this kind of work undoubtedly influenced my investing style. I also learned a lot from seeing the tech bubble deflate in 2000-1, when I was working for a large and now defunct Canadian firm. 


Investment Strategy
I trade... monthly
I tend to buy... according to my system
I hold for... years
Diversification is ... essential to reduce risk

I run two portfolios: the first is a mid-large cap income portfolio with a strong bias towards high yield and some value. I aim to buy dividend stocks that will provide attractive opportunities for compounding through reinvestment of cash income.

My second portfolio is the rules-based Stock in Focus Portfolio (SIF), which I run as a Stockopedia Fantasy Fund. I write a weekly column about this portfolio for Stockopedia, which can be found here: https://www.stockopedia.com/columns/stock-in-focus-15/


Blog

Freelance financial writer and analyst, offering news, investment and opinion articles on UK and US stocks. Particular interests are dividend and value investing, plus oil and commodities. I have the CFA UK Investment Management Certificate (IMC).

Web Address: http://www.rolandhead.com

Address: North Yorkshire
UNITED KINGDOM

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Roland Head's Latest Blogs

The troubles affecting Neil Woodford were hard to ignore last week. And although I don’t think this is the place to comment on Mr Woodford’s situation, I have been cross-referencing my portfolio with the Woodford Equity Income fund. I’m interested to see whether any forced selling by the fund manager could create an opportunity for me to top up my own holdings at attractive prices.…

The inglorious departures from the SIF folio of Bilby and Staffline over the last two weeks have drastically reduced the fund’s exposure to UK-focused cyclical businesses. Still left in the fund are car dealership group Lookers and brick maker Michelmersh Brick Holdings. Arguably, packaging group Macfarlane shares some exposure to the UK cycle as well. Against this backdrop, I’m forced to again consider whether to…

I suppose I should be thankful for small mercies: shares in building services group Bilby (LON:BILB) have risen by nearly 80% from the all-time low of 24p seen in April. However, that’s cold comfort when for the second consecutive week I find myself recording a loss of more than 60% on an outgoing SIF folio stock. As it’s the end of May, I’m reviewing stocks…

I had a very interesting time at Mello London last week. But my Friday morning didn’t get off to a great start when SIF stock Staffline (LON:STAF) issued a massive profit warning. This week I’m going to look at what’s happened to this blue collar recruitment specialist and what I’m going to do next. I’ll also include some brief notes on a few of the…

In my recent piece looking at the SIF portfolio’s biggest losers, I found that three out of the nine businesses I looked at were contracting or construction-type businesses. That seems more than a coincidence to me, and many of you suggested that I should simply avoid this sector altogether, in order to avoid future losses. I’ve decided not to impose an complete ban on such…



Roland Head's Latest Comments

Hi jonesj, Thanks for your comment. I agree that payment-related services may well be prone to disruption. However, I think I'd argue that the financial infrastructure within the core PayPoint (LON:PAY) network of convenience stores should be more resilient. Shops will still need to process payments and track sales and inventory, even if payment is made by someone waving their phone around. I think the…

Hi Will, Thanks for your comment. Personally I'm a big fan of Hollywood Bowl (LON:BOWL) but it hasn't yet qualified for my SIF fund. A quick check suggests that it's not far off -- I may review this one at some point. Regards, Roland

Hi Trident, Good point, thanks for flagging this up. Quarterly dividends will make PayPoint (LON:PAY) quite unusual, but as you say, it should appeal to long-term income investors. Regards, Roland

Hi InvestorJohn, I agree that the same questions apply to Redrow (LON:RDW) -- but with an added political dimension due to the effect of Help to Buy and the tendency of UK governments to interfere with the housing market. Regards, Roland

Hi Howard/prem14, One comment I would make - I'm not sure that the T Clarke (LON:CTO) sells Howard mentions were two large single trades. The list of trades which went through today on the LSE doesn't seem to include any that large: https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB0002015021GBGBXSET3 I'm no expert on this and may have missed something, but it looks more like a group of smaller trades to me.…

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