The market has become very unhappy with buy-and-hold investor Nick Train. Maynard Paton studies Lindsell Train Investment Trust and reckons Mr Train’s fund-management business could now be valued on a P/E of less than 2. Could now be the time to back Nick Train? The buy-and-hold fund manager was for years feted for selecting blue-chip
The latest haul of investment candidates from Richard includes a software company, a timber importer, a one-of-a-kind fantasy gaming and modelling company Games Workshop, a housebuilder and a business so small you may never have heard of it. Just to recap and contextualise, 5 Strikes is a quick way of deciding which shares are the
This week, Jamie talks about how the phrase ‘quality investing’ has been distorted and why complacency in investing can be really bad for your returns. He then explains why he thinks Unilever, a darling of quality investment portfolios, might not be as good as some perceive. As is so often the case, seemingly minor events
A difficult start to August seems to be driven by the Japanese carry-trade unwinding. Companies covered: DATA, LTG, CRPR. Markets sold off heavily on Monday. The FTSE 100 fell -3.6% in the last 5 days to 7,974. Meanwhile, the futures market suggested that US markets would start the week badly. The FT contained an article
Michael looks at some of this week’s action and notes some commonalities between trades. Riddle me this… If the market is efficient, then why don’t prices gap up and open without moving? The simple answer is because the market isn’t efficient. In this basic assumption, we assume that all (or at least a big majority)
Richard’s 5 Strikes system puts three very different businesses in the frame: Athleisure brand Lululemon, Gamma Communications – an IT company that supplies communications systems, and MS International, which manufactures naval cannon. Bingo! Well, almost Bingo. In my last article, I promised to order the results of my 5 Strikes system by number of strikes
With markets, the US ones in particular, in a bullish mood over the summer months, and volatility still well below long-term averages (even after the recent tech sell-off), our monthly look at funds continues its search for ideas that could hedge downside risk, focusing this time on managed futures funds. On a more optimistic note,
RWS has lifted its dividend for 19 consecutive years yet the shares currently offer a 6.5% yield. Maynard Paton studies the translation group’s acquisition history, profit adjustments and management changes. An illustrious dividend history and a worthwhile yield have brought RWS to my attention. The language-translation group presently offers: An unbroken record of dividend increases
This week, Jamie talks about the narrow education professional investors receive and why it is important to keep learning. He then discusses why you can make a compelling case for Burberry yet he does not own it currently as he puts into practice the lessons he’s learned later in his career. When I passed my
Some background reading on cybersecurity and hacking, topical in the wake of Crowdstrike-related chaos from last week. Companies covered TRST, RNO and CRL. The FTSE 100 rose +0.5% to 8,216 last week. Nasdaq100 and S&P500 were down -4% and -2% respectively. For contrast, the Russell 2000 small cap index jumped +7%, encouraged by helpful inflation
In this article, Michael looks at the effects of loss and the damage it can do to a trader’s P&L. Trump getting shot on Saturday saw several stocks and sectors move quickly. Overall, the market saw it as a positive. Not that he was shot, but because of his now significantly increased chances of winning.
Richard scratches the itch that is payments company PayPoint. Maybe his time would have been better spent investigating one of the other companies on his research list, Cranswick, say, or Castings, but he has no regrets. The main focus of this article is PayPoint. There’s no snappy adjective I can use to describe Paypoint because
