Registered:
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Real Name: Roland Head

Occupation: Investment analyst/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, analyst and writer on stock markets, with a particular fondness for free cash flow, dividends and value. My main interests are UK and US stocks. I also have an interest in (profitable) commodity stocks. 

I have passed the CFA Level 1 exam and 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 and quantitative 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 very large and now defunct Canadian telecoms 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. My main interests are dividend and value investing, mostly within the FTSE 350. I also have an interest in some natural resources stocks, but only those which are profitable and pay dividends. 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 FTSE 100 is showing signs of life, but the big cap index is still about 7% (500 points) lower than it was three weeks ago. Judging from my Twitter feed, many investors have sold into this market wobble. Some are hoping for bargains, while others are fearing worse to come. I thought I’d start this week’s piece with a brief look at how I…

I’m a firm believer in a quantitative approach to investment - relying on the power of data and proven factors to select stocks. One of the things I like about investment is the intellectual challenge of the process and the way in which it can be abstracted from day-to-day life. However, by detaching myself in this way, I wonder whether I’m doing my full duty…

From time to time, I sell a stock because it no longer qualifies for my screen and then -- a few months later -- it’s back in my screen results. This is one of those times. The company is Bloomsbury Publishing, which exited the SIF folio at the start of May. Bloomsbury is best known as the publisher of the Harry Potter books, but it…

Despite political uncertainty at home and dramatic events in the Strait of Hormuz, it’s been an inconclusive month for markets. In contrast to the sharp gains seen in June, the FTSE All-Share was up by about 1% in July at the time of writing. Valued as a whole, the UK market looks reasonably priced to me. The FTSE All-Share is trading on a forecast P/E…

I’m pretty excited this week. I’ve got a completely new company to look at. The business in question operates in a defensive sector where the SIF fund is seriously underweight - healthcare. I should point out that Medica (LON:MGP) floated on the LSE Main Market in 2017, so has been around for a while. But this £140m company is not one I’ve looked at before.…



Roland Head's Latest Comments

Hi Benson, Congratulations on the strong recovery of your international PF since Christmas. That sounds like a decent performance to me. My international portfolio was always an experiment - luckily no real cash is involved, so it's been educational... (as the saying goes, experience is what you get when you didn't get what you wanted)! Thanks for your feedback re. European stocks, I'll keep that…

SMinvest - thanks for your comment. I was considering Impax Asset Management (LON:IPX) as a possible ESG investment because I mostly buy stocks, not funds. I was attracted by Impax's specialist focus on impact investing, which I hope would provide exposure to a differentiated set of assets to a general stock market fund. I've not so far been tempted by ESG ETFs because my brief…

Hi Simon, Thanks for your comment. I agree that the link between market performance and AUM is a risk with Impax Asset Management (LON:IPX). Given the rapid recent expansion, any impact from a market fall may be hard to predict -- and could be severe, given high asset values in many sectors. For an asset manager with a good track record, I would tend to…

Hi Andy, I can see that some unloved non-ESG stocks do present possible buying opportunities. For example, the current valuations of big tobacco and big oil. Conversely, some bears would argue that depressed valuations are deserved not so much for ethical reasons, but because these companies are potentially in a multi-decade run-off scenario. These arguments have been knocking around for a while, as a shareholder…

Rhubarbcrumble & krtpforever, I agree that the Woodford sale may have been one factor causing weakness in the Morses Club (LON:MCL) share price. I should probably have mentioned this in the piece. However, I'm no longer convinced that Woodford selling is the only cause of the weakness we've seen. I think it's possible that growth will slow over the coming year. Having said that, I…

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