Occupation: Fund Manager

Interests: European Markets, International Stocks, Stocks, US Market

Location: At Home

About Me:

A Portfolio Manager with over 15 years experience. Currently looking for a job (please email me if you think I could help your organisation). When not ferrying the kids around or in the veg patch I love analysing shares and taking positions on both the long and the short side. I look for value situations, especially net-nets and undervalued compounders. I believe good / bad management has a massive impact on the outcomes for shareholders. I would not rather do any other job. Email me if you have any interesting ideas that fit into my criteria.

Investment Strategy
I trade... a few times per year
I tend to buy... after much research
I hold for... years
Diversification is ... essential to reduce risk
Bottom up investor who combines a core of quality high return shares with more opportunistic purchases of value / out of favour companies where I feel the market is being too short term. Mainly a UK investor but I have also invested in European and US situations.

VegPatch's Latest Blogs

Bioventix 2700pA good set of results today. Revs rose 31%, the business showed good operational gearing and EPS rose 39%. The business has £6.2m of net cash and is very cash generative. Graham N covers the results in some detail in his thread today here.I wanted to add a few thoughts from my point of view as i have covered this company in some detail…

IG Design announced the acquisition of Biscay Greetings Ltd Pty for AUD$9m or £5.5m. the Biscay website "Biscay Greetings Pty Ltd commenced operations in 1971We pride ourselves on being one of the leading card companies in Australia.The vast majority of our products are manufactured locally.Our customer service and commitment is of the highest quality.Biscays comprehensive range of products are outstanding value, and best prices.We have…

SafeCharge's numbers were mixed today and maybe that is at the kind end of the spectrum.The company has grown transaction volumes considerably, up 30% . That's good as SafeCharge earns its money as it charges a fee per transaction, the fee level depends however on the whether they are just connecting the client to the banks, known as "connect" or routing the money back to…

I had an email passed on to me by an investor friend from John Yuncza, CFO at Somero. John was happy for it to be circulated as Somero has already updated its broker Finn Cap."I can confirm all Somero employees and the families are safe, and there was no damage to the Somero headquarters. This storm will not impact our business as we are managing…

Bovis Homes – grasping the nettle 1050p     Mkt Cap  £1.4bn Bovis Homes unveiled a new financial plan in its interim results today. The new CEO Greg Fitzgerald, formerly the CEO of Galliford Try, who was appointed in April 2017 has acted decisively and its implementing a new plan. The essence is to shrink the business in terms of its operating units, get more control over…

VegPatch's Latest Comments

£fwyburd - personally if investors want to discuss the days newsflow that hasn't been covered by Paul or Graham then that's fine by me. That's what this forum is for. Mixed views, some positive some negative. In fact Paul often comments on large caps in the retail sector like Next (LON:NXT) or Marks and Spencer (LON:MKS). Strictly speaking he shouldn't be commenting on Boohoo.Com (LON:BOO)…

Pone Given your pretty demanding inputs in terms of discount rate and DCF longevity, I'd be interested to know which companies look interesting on that basis?

Pone Here is my original thesis when I bought after the brexit vote Gives you some background on the business model ATB

There have been a couple of small acquisitions e.g. SafeCharge bought a payment card business called for $15m. The acquisition bought a business but not much revenue and frankly hasn't worked. It has also been investing in its tech which has to be capitalised and put on the balance sheet but hasn't yet developed revenues e.g. It's marketplace product, aimed at taking on Stripe,…

I think automated warehouses are the exception not the rule in general. But at the margin they will be a driver of Someros sales. I would ask your contact 1) does his firm use Somero machines (if not, do they use machines at all? Especially as Somero claim over 90% mkt share). If so are the machines any good? What is the return on investment…

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