I am probably jinxing it now, but owning shares in Howden Joinery has never lost me sleep. I was reminded of this fact earlier in March when Howdens published its annual report for the year to December 2020. The front cover sports a picture of a smiling builder picking up a packaged kitchen part. Source: […]
The FTSE at 6700 +4% from the start of the year seems to be holding up better than the likes of Nasdaq 12,800 and S&P500 3890, perhaps due to the amount of resource stocks in the index. The price of oil was $63 per barrel for Brent, up +60% since the first week of November […]
A few months ago, SharePad released a new feature. It’s called the Single Page. The Single Page feature can be found by clicking this icon in the middle of your SharePad here: An easier way to access this is by clicking the Enter key on your keyboard. This will bring up the Single Page instantly […]
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’. A burdensome pension scheme is a common reason why companies trade on permanently low ratings. The […]
In these articles about funds, I have tended to be 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. That is particularly the case for […]
Last week James Anderson of Baillie Gifford announced that he is to step down from running the Scottish Mortgage IT. Tom Slater will continue running SMIT and Lawrence Burns, who published the article Why it is usually a mistake to sell your winners in the FT earlier this month, will become deputy portfolio manager with […]
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. Investors looking to find the right home for their pension, SIPP, or ISA have a decision to […]
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. It is big, so its best years of growth may be behind it; it is risky because it has been cobbled together from acquisitions; and its products […]
At $1720 gold is now down 9% since the start of the year, while bitcoin is up 92% to $57K over the same time period. The US treasury yield, which peaked at 1.59% earlier this month, settled at 1.53%. Despite the Nasdaq sell-off earlier in March, the index is at 13 400, still up 4% […]
In my previous article on trading turnarounds, we looked at why trading turnarounds can take time and investors can lose patience. We looked at how traders should look to play these and the importance of a well-timed buy. De La Rue was one stock featured. Since the article, it has broken through the high and […]
One of my favourite SharePad screens identifies good-quality companies that have grown without acquisition. I first used the screen to identify Medica by using the following filter criteria: 1) Positive five-year turnover and operating profit growth; 2) A minimum 15% for both return on equity and operating margin; 3) Net borrowing of no more than […]
Scottish Mortgage Investment Trust, the Tesla owning £15bn technology fund was down 9% last week. There’s a fun argument going on in the opinion section of the FT, between Lawrence “usually a mistake to sell” Burns of Baillie Gifford and Andrew “take profits” Dickson of Albert Bridge Capital. The Baillie Gifford (responsible for Tesla owning […]
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. […]
Here is a slice of stockmarket history for you, an interview with Peter Lynch from 1996. Lynch was a famous American fund manager. Asked the secret of his success, he replied: “Well, I think flexibility is one of the key things… I always thought there were good opportunities everywhere and I researched my stocks myself… […]
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 […]
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 […]
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