I am probably jinxing it now, but owning shares in Howden Joinery has never lost me sleep. Despite the pandemic and a fall in profit, this year’s annual report has the same calming effect it does every year, and not just because of the pictures. Howdens explains the business very well, and quietly delivers on the promise.
Month: March 2021
Weekly Commentary 29/03/21: 12-month rebound
There have been at least 15 ten baggers since the March low in the UK. Bruce looks at 4 stocks that now have a fair wind behind them, that should be geared into further recovery.
The Trader: Introducing the single page
A few months ago, SharePad released a new feature called the Single Page. Learn to use it and maximise your productivity.
Small-Cap Spotlight Report: Norcros
Let me start by confessing this article covers pension deficits. What follows may not be that thrilling and does require you to concentrate. But please stick with me, especially if you have ever fallen victim to a ‘value trap’.
Prudent 15: BioPharma Credit
In these articles about funds, I have tended to steer clear of the many, many alternative funds listed on the London market. That is not because these funds are not interesting – many of them are – but because I felt their business model hasn’t entirely been proved.
Weekly Commentary 22/03/21: Ports and platforms
Bruce compares a couple of Direct Carrier Billing (DCB), mobile payment platforms: Boku v Bango. He wonders if platform economics has become too popular, with the benefits well recognised but not downside. Also Ocean Wilsons, the Brazilian (Salvador, Bahia) port business.
Alpesh Patel on funds: Poor Performing Funds Destroying Billions from Your Retirement
It has been a difficult few years for UK investment fund managers.
Between the debacle of the Woodford Equity Income Fund and the COVID-19 pandemic, “star” funds that promised so much have led only to disappointment for investors.
Quality cyclicals – not for the faint-hearted
Over the years I have ignored Kingspan because it is big, acquisitive, and supplies building materials. My gut reaction to these facts is that Kingspan is best avoided, but my gut could well be wrong.
Weekly Commentary 15/03/21: Fungible vs flammable
Bruce looks at the fungible vs non fungible assets, using examples from recent events in the art markets. Stocks covered this week are Kape, Somero and Tremor.
The Trader: Trading Turnarounds – Part II
The breakout retest is a great way of trading a breakout if you missed the initial rally. We looked at how traders should look to play these and the importance of a well-timed buy.
Screening For My Next Long-Term Winner: Best of the Best
One of my favourite SharePad screens identifies good-quality companies that have grown without acquisition. One such is Best of the Best.
Weekly Commentary 08/03/21: Baillie Gifford vs Albert Bridge
With Scottish Mortgage Inv Trust down 9% last week, Bruce looks at the debate between Lawrence “usually a mistake to sell” Burns of Baillie Gifford and Andrew “take profits” Dickson of Albert Bridge Capital. Companies covered Renishaw, Solid State, K3 Capital and Franchise Brands.
Alpesh Patel on US Investing: Should We Buy Any Stock Market Dips?
As the Dow Jones Index took a tumble at the end of February, many analysts saw this as the beginning of a long-overdue market correction. Some have floated talk of a stock market bubble for a while, but despite the challenging conditions of the last year, the market rebounded and finished out the year strongly. However, the dip on the 24th of February — which saw the index shed 1000 points — has led some traders to talk of an opportunity to cash in on the slide.
Turning over even more rocks
Recently, I have adapted my SharePad setup so I can turn over even more rocks. The cornerstone of my setup remains the KISS+ filter. KISS, stands for Keep it Simple (Stupid) and the plus sign is just a reminder that I have improved this filter over the years.
The Trader: Trading Turnarounds
Everyone likes a turnaround. This is because people like the idea of buying at the bottom and reaping the rewards.
However, trading turnarounds can take a lot of time. Businesses are often slow to change and it is not a quick process.
This article will show you how to trade some potential turnaround stocks and give you some pointers to look at next time you are considering trading a turnaround.
Weekly Commentary 01/03/21: What has been will be again
Nasdaq sold off last week, down 7% since the middle of February, though still up since the start of the year. Tesla fell to $680, versus a peak of $896 earlier in February. US 10y yields hit 1.49% last week up over 50bp in the last month Financial bubbles don’t pop because speculators suddenly start […]