“It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife.” Whether or not you agree with Jane Austen’s opening line in Pride and Prejudice, by the end of this article I hope you will agree with my version. “It is a truth […]
Month: March 2020
Weekly Commentary: 30/03/20 – Value time
Value time With no earnings visibility it is easy to forget there are green shoots over the horizon. This is a time to seek value. A SharePad screen reveals 11 situations, of which 6 look worthy of further research. Read more
Weekly Commentary: 23/03/20 – Irrational or True?
Irrational or True? We are now in a market of fear and there are signs of inefficiency and irrational behaviour, which is a time of opportunity. Jeremy highlights Plus 500 with conviction. Read more
Prudent 15: BH Global
Kicking off with BH Global (BHGG) You can always read more about my views on funds at my blog www.adventurousinvestor.com. I update this most days, especially useful during these volatile times when new investment opportunities emerge very quickly. I’m not going to bore readers with speculation about viruses and volatility but simply ask them to […]
Getting more out of return on capital
How we measure return on capital depends on what we want to know: whether a company is good at making profit from its operations, or whether it is good at buying other businesses. As I write, the stockmarket is crashing. I have invested in strong businesses that should prosper through thick and thin, but that […]
Weekly Commentary: 16/03/20 – Timing is everything
Timing is everything With the current crisis Jeremy dusts off the recovery stocks folder. Airlines that survive will have huge upside on the back of a lower oil price. The opportunity may be in the likely refinancing issues, and Primary bid is a useful tool to enables retail investors to participate. Jeremy registers his interest […]
The Trader: Exit Strategies
In April 2017, I had a real nightmare. I had been trading full time on the market for four months and had had enormous success buying bubbley story stocks and riding them upwards. I was convinced that I knew what I was doing. I made all the classic mistakes of complacency, which turned into denial […]
Screening For My Next Long-Term Winner: AB Dynamics
Recent market ructions have sent many shares tumbling — and perhaps created some buying opportunities. Amid the mayhem, I devised a straightforward screen. I simply looked for decent-sized businesses that were still expected to grow, paid a dividend and were conservatively financed, too I applied the following criteria within SharePad to identify some respectable candidates: […]
Weekly Commentary: 09/03/20 – Purging Excess
Purging Excess Bear markets cleanse excess. Jeremy takes a look at the growth narratives and accounting adjustments that have been adopted and suspects the bear market may continue until these are cleansed. Read more
Going for repeat business
Fundsmith Equity probably needs no introduction. Since its launch in November 2010 the fund has racked up class-leading annualised returns of more than 18%, compared to less than 12% for an index of global equities, by investing in high quality businesses at attractive valuations. You can, of course, make further comparisons, and explore the makeup […]
Dynamic 35: Syncona
The genomics revolution and the appeal of Syncona It’s easy to get carried away with the short to medium term noise coming out of stock markets. The corona virus has sent investors in the developed world heading for the exit. But in truth some sectors of the giant ‘technology’ sector were already beginning to suffer […]
Weekly Commentary: 02/03/20 – Correction or Bear Market?
Correction or Bear Market? The question of whether the sudden market correction is a temporary contagion of fear, or the beginning of a bear market is key now. Fearing the bear, Jeremy finds a lot of attractions in Andrew Sykes. Read more