Retail Trading Drives Stock Momentum? [PREMIUM]

Is retail trading a reliable driver of U.S. stock momentum? In his November 2019 paper entitled “Retail Trading and Momentum Profitability”, Douglas Chung investigates interactions across stocks between current proportion of retail trading …

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Small Cap Value Report (Fri 20 Dec 2019) – FLK, UCG, TRD, BKS, GDWN

Good morning,
There’s quite a few things to catch up on today. I will probably write through the afternoon.
There are updates from Fletcher King (LON:FLK), United Carpets (LON:UCG) and Triad (LON:TRD) – these are all sub-£10 million market cap, but …

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Small Cap Value Report (Fri 20 Dec 2019) – FLK, UCG, TRD

Good morning,
There’s quite a few things to catch up on today. I will probably write through the afternoon.
There are updates from Fletcher King (LON:FLK), United Carpets (LON:UCG) and Triad (LON:TRD) – these are all sub-£10 million market cap, but …

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Small Cap Value Report (Fri 20 Dec 2019) – FLK

Good morning,There’s quite a few things to catch up on today. I will probably write through the afternoon.There are updates from Fletcher King (LON:FLK), United Carpets (LON:UCG) and Triad (LON:TRD) – these are all sub-£10 million market cap, but I …

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Small Cap Value Report (Thur 19 Dec 2019) –

Good morning!I’m a little bleary-eyed today, as my flight home last night after the Northamber (LON:NAR) AGM was delayed (please note that I no longer have a position in NAR).Today, I will provisionally cover:Northamber (LON:NAR)Focusrite (LON:TUNE)…

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Small Cap Value Report (Thur 19 Dec 2019) – NAR AGM report, TUNE

Good morning!
I’m a little bleary-eyed today, as my flight home last night after the Northamber (LON:NAR) AGM was delayed (please note that I no longer have a position in NAR).
Today, I will provisionally cover:
Northamber (LON:NAR)Focusrite (LON:TU…

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Small Cap Value Report (Thur 19 Dec 2019) – NAR AGM report, TUNE, WSG

Good morning!
I’m a little bleary-eyed today, as my flight home last night after the Northamber (LON:NAR) AGM was delayed (please note that I no longer have a position in NAR).
Today, I will provisionally cover:
Northamber (LON:NAR)Focusrite (LON:TU…

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Trading the trend: GAN plc

GAN was formerly known as GameAccount Network, and decided to change its name in 2016. The company supplies turnkey online casino and sports wagering solutions. According to its website, it is the number one online gaming platform in America. Normally,…

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Small Cap Value Report (Wed 18 Dec 2019) – FRAS,

Good morning, it’s Paul here!I’m up early today, so thought I’d start with some brief comments on things from yesterday, that Graham missed due to focusing on a macro ramble;Sports DirectName change – it’s now to be called Frasers.  We saw a staggering…

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Small Cap Value Report (Wed 18 Dec 2019) – FRAS, SDI, TSTL, STAF

Good morning, it’s Paul here!
I’m up early today, so thought I’d start with some brief comments on a couple of interesting company updates from yesterday, that Graham missed due to focusing on a macro ramble instead;

Sports Direct
Name change – it’s n…

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Factor Portfolio Longs vs. Shorts [PREMIUM]

Do both the long and short sides of portfolios used to quantify widely accepted equity factors benefit investors? In their November 2019 paper entitled “When Equity Factors Drop Their Shorts”, David Blitz, Guido Baltussen and Pim van Vliet …

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Augean: high barriers to entry and long term growth drivers

Augean (LON:AUG) is the UK’s leading hazardous waste management business, taking care of difficult to handle leftover materials. This solves a tricky problem for its industrial customers that, given the growing social concern around environmental susta…

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SIF Folio: What can I learn from Wilmington? (+ International update)

I hope your portfolios have all benefited from the post-election bounce we’ve seen in the market. My main personal portfolio has done relatively well, thanks to exposure to unloved UK-focused sectors such as banking, insurance, commercial property and …

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Small Cap Value Report (Tue 17 Dec 2019) – The boom is back

Morning! Graham here.
Huge thanks to Paul for volunteering to do yesterday’s report, even though I was scheduled to do it. He didn’t know this, but I had just spent three days in Newcastle. I am still recovering.
For today’s report, I’m tempted to wade…

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Financial Wisdom – Animated book reviews

Hi all, 
I started a new thread so that all new animation videos can be placed here.
Any likes/comments/subscriptions would be greatly appreciated.
Mark Minervini – Trade like a stock market wizard

Trading for a Living – Dr Alexander Elder

Rich Dad’s…

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Small Cap Value Report (Mon 16 Dec 2019) – FUL, K3C, VANL, STU

Hi, it’s Paul here.Estimated timings – I awoke today feeling uncharacteristically perky (not being a morning person). Therefore I’m hoping to have this report finished before 1pm.Remit of the SCVRs hereI thought it might be helpful for new subscribers …

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Weekly Summary of Research Findings: 12/9/19 – 12/13/19 [PREMIUM]

Below is a weekly summary of our research findings for 12/9/19 through 12/13/19. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receiv…

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Smart Money Indicator for Stocks vs. Bonds [PREMIUM]

Do differences in expectations between institutional and individual investors in stocks and bonds, as quantified in weekly legacy Commitments of Traders (COT) reports, offer exploitable timing signals? In the February 2019 revision of his paper entitle…

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Conservative election win: market reaction

The speculation is over – Boris Johnson has won the Conservatives the largest parliamentary majority since 1987. Brexit now seems a certainty by the end of January and the haze of concern over Labour’s plans for business and re-nationalisation has gone…

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Small Cap Value Report (Fri 13 Dec 2019) – Election result

Good morning, it’s Paul here with Friday’s placeholder.

General election – Tory landslide 
I’m writing this at 00:42, so only a few results have come through so far. However, they’re in line with expectations (!!) set by the exit poll which indicates …

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Small Cap Value Report (Fri 13 Dec 2019) – Election result, AFS, BOWL

Good morning, it’s Paul here with Friday’s placeholder.

General election – Tory landslide 
I’m writing this at 00:42, so only a few results have come through so far. However, they’re in line with expectations (!!) set by the exit poll which indicates …

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