Sat 8:49am


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

McCarthy & Stone 106p     Mkt Cap £570m    TNAV £700e    TNAV / Share 130pI made a small edit to the title, which was too gloomy. Yes they have had a profit warning but on a 3 yr risk / reward ratio these shares represent v good value in my opinion.Yesterdays profit warning got me looking at prior comments on McCarthy & Stone. About 18 months ago…

CLS holdings : EPRA NAV 286p. Share price 241p. 16% discount to NAV Strong results today from CLS Holdings. THe EPRA NAV, which is a standardised way of looking at the Net Aseet Value which includes marking debt to market, dilutive effect of share options etc rose 17% to 286p / share. I like the company because it focuses on higher yielding regional offices, often…

The proposed Republican reduction in the corporate tax rate in the US appears to be reaching its denouement. There are currently 2 tax plans at House and a Senate versionThe next step in the legislative process is to reconcile the two versions. The obvious over-riding positive is the reduction in corporate tax rates to 20% from 35%, which directly impacts Somero’s bottom line. When this…

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…

VegPatch's Latest Comments

its a venure capital business focusing on investments in early stage tech and biotech businesses. So the profits are difference in value of the investments on the balance sheet this year compared to last year. That means the profits are lumpy and tend to be positively correlated with stock market levels. The business is not really a Price Earnings business, rather a net asset value…

I Suspect potential investors in Non-Standard Finance (LON:NSF) look at the major shareholder, Woodford, then run a mile given the potential for sell downs if his outflows gather pace. It has happened in Newriver Reit (LON:NRR) amongst others. Hence investors vote with their feet now rather than waiting for large blocks of shares to sell to start appearing.

Hi Martyn I took a look at LON:MERC as I met them at Mello. I think the start up space is interesting (and obviously very high risk) and what interested me is that they have a good network from which to source investments. Unlike say IP Group i hoped that Mercia would NOT be sourcing the majority of start up ideas from universities. Thats almost…

Many thanks LeoLeo73 for the write up One thought came to mind re change of banks The disruption clearly did not prevent the business spending £143k on extra marketing (which was excluded from the adjusted numbers - did the adviser really tell them to exclude this ?!?) Maybe it’s a timing issue ? I would want to know when this happened - ie what months…

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