Month: June 2017

Stock Watch: James Halstead

James Halstead has been in business since 1915. It started out dyeing, finishing, waterproofing and rubberising textiles that were used in rainwear and outdoor clothing. Today it has established itself as a leading manufacturer and distributor of high quality flooring for commercial, contract and domestic markets. Its main commercial brand is its Polyflor vinyl flooring […]

Making sense of highly priced shares

In my 20 years of investing I am finding the current stock market conditions the most challenging I have ever encountered. My investing career started during the early stages of the TMT (technology, media and telecoms) boom. The case for investing in these sectors was based on a belief in transformational business models and the […]

Stock Watch: Watkins Jones

Stock Watch: Watkins Jones Watkins Jones is a property developer, best known for building private student accommodation. It floated on AIM in March 2016. The company makes money from three sources at the moment: Building student accommodation units for professional investors Managing student accommodation units for professional investors Building private residential accommodation The bulk of […]

The case for enterprise valuations

A couple of weeks ago I wrote about the subject of PE ratios (click here to read the article) and the ins and outs of using them to value companies. One of the main drawbacks of PE ratios – and any valuation using a share price – is that it can be distorted by the […]