ARTICLES
& INSIGHT

All the latest articles & insight from our investment writers to inspire your own research and analysis.

Author Index

Author Index

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Small-Cap Spotlight Report: Goodwin

30-bagger Goodwin has pivoted towards higher-margin contracts to widen its competitive ‘moat’. Maynard Paton weighs up the engineer’s haphazard financials with the delightfully old-school management. This quote from Richard Beddard caught my eye the other week: “If something truly special is incubating, we may profit from our investment for decades.” I am always up for

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Weekly Commentary 18/10/21: The Eagle has Crash Landed

With the FTSE 100 reaching 7235 last week, the index finally seems to have broken out of the trading range that it has occupied since May. The index’s all time high is 7,903 reached in 2018. ITM, the hydrogen company raised £250m through an over-subscribed placing at a 16% discount. There’s still plenty to worry

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How profitable is Genus PLC?

Animal breeder Genus Plc is at the forefront of animal genetics and highly valued by investors, yet standard measures of Return on Capital Employed (ROCE), a marker for quality, indicate only modest levels of profitability. Unusually (for me) I rediscovered Genus because of an idea, rather than as a result of trawling through shares in

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Weekly Commentary 11/10/21: Wish you were here

Another volatile week, with the FTSE 100 falling to 6,950 but recovering to 7,080 on Friday. The AIM index is up +24% in the last 12 months, but more recently has given back performance relative to the FTSE 100 +18% because that index has a higher weighting towards bank and oil sectors. Paul Hall, from

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Empyrean Energy | High hopes for Topaz and Jade

Empyrean Energy PLC (EME) is a small Australian oil 7 gas exploration company with huge potential upside if it can succeed with the drill. The company has big hopes for black stuff turning into gold, or wads of cash for investors and the board. The CEO, Tom Kelly, has serious skin in the game. Empyrean

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Weekly Commentary 04/10/21: Distance and Perspective

The FTSE 100 had a volatile week, rallying, selling off then recovering to 7,040 last Friday. The Nasdaq100 was down -4% and S&P500 -3.3% last week. US 10y Govt bond yield continued to trend upwards to 1.55% versus a low of 1.19% at the start of August. The UK 10y bond yield is up even

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The Trader: A look at the indices

I don’t trade indices as I much prefer equities – however one thing I learned from the pandemic is that instead of shorting 30-40 stocks, I could’ve easily boosted my returns by putting on an index short. Once you go above 20 shares, you start to significantly correlate the very index you’re trying to beat.

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Four live pivots: Next, Goodwin, Bloomsbury Publishing and Victrex

Richard goes hunting in his own portfolio for companies incubating better businesses. They may be undervalued as a result. As promised, this week I am following up my last article on past pivots that worked with an article about live pivots that look like they are working. I used the word pivot to describe a

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Weekly Commentary 27/09/21: New tech, old laws

Markets lurched downwards at the start of last week, with the FTSE 100 falling to 6,906 before recovering to 7,067. Nasdaq and the S&P also recovered during the week to 15,316 and 4,449 both moving less than half a percent. The FTSE China 50 was down 3.6%, and down 18% since the start of the

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