Good morning!
There are not any backlog things for me to write about, so this article will appear blank for the morning – so subscribers can add comments as usual.
Managing expectations – the main body of this article will appear during Friday afternoo…
Good morning!
There are not any backlog things for me to write about, so this article will appear blank for the morning – so subscribers can add comments as usual.
Managing expectations – the main body of this article will appear during Friday afternoo…
Is systematically selling covered call options on equity indexes, as implemented by exchange-traded funds (ETF), attractive? To investigate, we consider four equity covered call ETFs: Invesco S&P 500 BuyWrite ETF (PBP) – seeks to track the CB…
Just as Glasgow now has its new bridges, riverside walkways and street café culture (yes really!), how times have changed on the business front. 30 years ago the Scottish commercial scene was dominated by the omnipresent whisky and, mainly, manufactur…
Good morning! It’s Paul here.Both Graham and I will be working today. Graham will be emailing me his sections, which I’ll include in this single report, marked clearly as being written by him.Retail sales volumesOver the weekend, I was looking at some …
Good morning!There are not any backlog things for me to write about, so this article will appear blank for the morning – so subscribers can add comments as usual.Managing expectations – the main body of this article will appear during Friday afternoon,…
In September 2009 SeaEnergy (LON:SEA) took the lauded, or perhaps audacious, move to sell off its oil and gas investments to focus purely on its conceptual offshore wind business. It now claims to be ‘The only listed pure play UK offshore wind develop…
Telecom Plus (LON:TEP)Telecom Plus held their AGM yesterday (12/8/2015). The company provides a complete range of utility services – gas, electricity, broadband, fixed line and mobile phones via a “club” concept promoted by a network of self-employed …
With an estimated personal fortune of $72bn it’s little wonder that many investors pay close attention to what Warren Buffett has to say. In his recent letter to shareholders of Berkshire Hathaway, he reflected on why the conglomerate had been so succe…
This article is from James Hamilton’s blog, Econbrowser
Why were the aughts so nasty for stocks? The U.S. ended the decade more or less where it began in terms of total employment.
Source: FRED.
The owners of capital fared no better, with the nomin…
Good evening/morning, it’s Paul here.
To manage expectations today, I’m on the afternoon shift, so estimated completion time of this report is c.6 pm. As usual, I’ll update it in sections as I go along. It’s a quiet day for small caps news anyway. All …
They say that there is no such thing as bad PR and bakery group Greggs (LON:GRG) has wasted no time in trying to turn the Treasury’s plans to add 20% VAT to warm pies, pasties and sausage rolls to its own advantage. While news of the tax surprise in M…
Burford is one of the largest (if not the largest) firms in litigation funding – a relatively new multibillion industry whose historically strong returns have begun to attract significant investments from pension funds, endowment trusts and the like.
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As a former investment manager one of the funds I used to manage was the ‘Stewardship Income Fund’. This fund had 2 main criteria: it had to invest in ‘dark green’ ethical stocks and it had to achieve a level of dividend income well in excess of the ma…
Smith amp; Nephew (LON:SN.) trades in the medical equipment sector. It operates in three areas:
a) orthopaedics – hip, knee and shoulder joint replacements, as well as ancilliary products like nails for hip fractures (ouch!) and bone cement. The compa…
Good afternoon!Not a great start to the day – I’ve come down with the lurgy, so have been shivering in bed with a fever and a sore throat. Also it’s taken me half an hour to crank a rather temperamental PC into action, further delaying things. So I’ll …
Good evening/morning, it’s Paul here.
To manage expectations today, I’m on the afternoon shift, so estimated completion time of this report is c.6 pm. As usual, I’ll update it in sections as I go along. It’s a quiet day for small caps news anyway.
Bur…
Good evening/morning, it’s Paul here.Burford Capital (LON:BUR)Yesterday was so dominated by BUR that I didn’t get round to looking at many other things. Incidentally, I really liked Graham’s coverage of Burford on his own website, here.Another thought…
Good evening/morning, it’s Paul here again.
Let’s start today (Weds) with a few leftovers from yesterday.
Once I’ve toned down some of the comments from last night, then I’ll move on to the biggest story of the day – a shorting attack on Burford Capita…
Investing can be a bit like religion in that it requires a good dose of faith. When you buy into a company it could be years before you get any feedback on whether it was a good idea or not. In the mean time you just have to kneel before a picture of…
On the subject of investing checklists as an aid to better decision-making, we also noted some interesting research done a while back (post the Tech bubble) by Sydney Finkelstein. Finkelstein is the Professor of Management at Dartmouth’s Tuck School of…
Good evening/morning, it’s Paul here again.
Let’s start today (Weds) with a few leftovers from yesterday.
Once I’ve toned down some of the comments from last night, then I’ll move on to the biggest story of the day – a shorting attack on Burford Capita…
I have taken a look at Damodaran’s re-valuation for Tessa, the electric vehicle manufacturer. Perhaps unsurprisingly, he found it to be overvalued. I had a look for cars on the Tesla website, and they retail at 50 grand a pop. To be honest, I think tha…
Leicester City’s surprising Premier League win certainly seemed outlandish back at the beginning of the 2015/16 football season, when bookmakers were quoting odds of 5000-to-1 on Leicester City finishing top. But this fairy tale is sure to inspire even…
Good evening/morning, it’s Paul here again.
Let’s start today (Weds) with a few leftovers from yesterday.
Gattaca (LON:GATC)
Share price: 145p (down 3% yesterday, at market close)No. shares: 32.1mMarket cap: £46.5m
Trading update
Gattaca plc (LSE-AI…
Profitability measures such as return on capital employed (ROCE) are a useful way to gauge the “quality” of company. If a company can generate consistent returns on capital far above the cost of capital, that alone suggests some kind of durable competi…
Good evening/morning, it’s Paul here again.Let’s start today (Weds) with a few leftovers from yesterday.Gattaca (LON:GATC)Share price: 145p (down 3% yesterday, at market close)No. shares: 32.1mMarket cap: £46.5mTrading updateGattaca plc (LSE-AIM: GATC…
A few reasons for liking Finsbury Food (LON:FIF) within the Small-Cap space now:1. Strong Trading Statement from Monday, in spite of supposed pressures from supermarket clients:The Board is pleased to report that since the positive AGM trading update …
In brief
Kenneth Fisher is a high profile investment manager and one of the richest people in America. He is credited with establishing the price-to-sales ratio as a hugely influential indicator in the valuation of stocks. His extensive research, nume…
Good morning, it’s Paul here.
Yesterday saw a sharp downturn in US markets. The Samp;P 500 is down 7.5% in the last week. The catalyst seems to have been an escalation of the US-China trade war, and China devaluing its currency. How this affects UK sma…
