Month: March 2017

Why depreciation matters and EBITDA doesn’t

When it comes to weighing up asset-intensive sectors, depreciation matters. It is a real cost. This does not stop people ignoring it and touting the merits of companies based on their EBITDA. Investors ignore the significance of depreciation at their peril and should be suspicious of companies that talk about EBITDA too much. To get […]

The end of “hidden debts”

Accounting is a dry subject but a very important one. I perfectly understand why private investors’ eyes glaze over at the mere mention of the topic. That said, I am a firm believer that when it comes to this subject a little knowledge can go a long way and can help you make better investment […]

Stock Watch: XP Power

XP Power is based is headquartered in Singapore and has manufacturing sites in Vietnam and China. The company makes power control systems which convert power from an electrical mains supply to a safe level to be used in its customers’ products. It sells its products into the Industrial, Healthcare and Technology sector where they are […]

Stock Watch: Treatt plc (LSE:TET)

Treatt plc has been in business since 1886. Based in Bury St Edmunds, the company specialises in making and selling products based on essential oils. It takes natural plant oils such as orange, lime, peppermint and eucalyptus and uses them to create flavours and fragrances to sell to consumer goods companies. These flavours and fragrances […]