ENERGY and ALTERNATIVES
Buying into unloved sectors at the right time can be a highly profitable strategy. One sector that stands out as being out of favour presently is mining. The FTSE World Index – Mining is down over 18% since the start of the year. So is…
Whether or not a company’s shares are a good investment will depend on what you’re looking for. In my case I want my investments (which match…
This is the second part in a short series of articles about speeches I listened to at the London Value Investor Conference on 9 May 2013.…
This is the third part in a short series of articles about speeches I listened to at the London Value Investor Conference on 9 May 2013.…
IN DISCUSSION
Popular Companies
RESOURCES and MINING
While uncertainty over the timing of the issue of restart permits abates, we turn our valuation focus to the potential geological upside at Rio Tinto. Our site visit highlighted progress being made at the plant and the identification of opportunities to expand the existing reserve estimate beyond 123Mt of ore. Meanwhile, management has indicated it hopes to preserve the H214 production start by continuing to receive restart permits in the sequence formalised in April and…
We have updated our forecasts and valuation for DRDGOLD to reflect the strong Q3 results and recent movements in the gold price and the ZAR/US$ exchange…
Bushveld Minerals (BMN) has made a takeover bid for Lemur Resources, a thermal coal explorer with a 136Mt resource in Madagascar. The proposed offer is an…
Chatham Rock Phosphate (CRP) continues to make significant de-risking strides with its New Zealand seafloor rock phosphate mining project. In particular, the environmental consenting process and…
IN DISCUSSION
Popular Companies
MEDIA and TECHNOLOGY
Although H1 results contained relatively few surprises, the tone of management commentary was more positive than it has been in recent times. We are taking a cautious view and leaving our core estimates unchanged, but recognise that the path to H2 upgrades looks clearer. Euromoney Institutional Investor (ERM) continues to trade at a premium to the peer group, reflecting the group’s impressive execution record and balance sheet strength.
While the opinions of brokers often attract legitimate scepticism among investors, there’s little doubt that anyone keeping an eye on our analyst upgrade screen recently would…
ITE Group, the emerging markets-focused exhibition organiser, has been on a tear this year, +21% year to date, reflecting investor appetite for growth opportunities outside the…
NetDimensions (AIM:NETD, OTCQX:NETDY) has announced a further acceleration in its growth strategy on the back of a $6.1m fund-raising in early-May. Under the new business plan,…
IN DISCUSSION
Popular Companies
RETAIL and CONSUMER
Greggs (LON:GRG) is a company well known by most in the UK - it's a high-street (and increasingly off-high street; we'll come to that later!) baker famed for catering towards the hard value end of the spectrum. It's a sector I admit I have a…
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See part one here: this leads directly on. Introduction I finished part one, after a brief introduction and a discussion of the industry, with a soap…
Pre 8 a.m. comments French Connection (LON:FCCN) have appointed Adam Castleton as their new Finance Director. Coming so quickly after the unexpected departure of the old…
Pre 8 a.m. comments Good morning! French Connection (LON:FCCN) shares are priced at a fraction of its own working capital (and it has no debt or…
IN DISCUSSION
Popular Companies
BANKS, FINANCIALS and INSURANCE
Ben Hobson
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Beating earnings expectations tends to be a sure fire way for companies to hit the financial headlines and get a warm reception from shareholders on results day. For momentum investors with an eye for a surprise, keeping track of these City stars has long been…
In Q113, the key profit driver has been the government bond portfolio, which contributed €32.4m (Q112: €26.9m). There was a good underlying performance from the core…
IS Yatirim Mekul Degerler (ISY) recorded its strongest-ever results in 2012 due to record returns from underlying subsidiaries. Supported by strong performance in Q1 and Q4,…
OTCM’s (OTCQX: OTCM) Q113 results showed diversification benefits. Total revenue grew 1% on Q112, with a rise in market data licensing and issuer services offsetting a…
Popular Companies
HEALTHCARE & PHARMACEUTICALS
I attended the afternoon of the UK Investor Show held at the ExCel centre in London's docklands today. As a fellow bottom-up stock picker, the most interesting speaker at these events, for me is Mark Slater. He has an excellent track record of finding good…
Detailed safinamide Phase III Parkinson’s disease (PD) data presented at AAN (American Academy of Neurology) are broadly similar to prior Phase III data and should support…
Pre 8 a.m. comments Just a few relevant trading statements today, as it's mainly larger caps reporting today, including Tesco, Burberry, and Marston's. Speedy Hire (LON:SDY)…
Pre 8 a.m. comments It's Budget day today, so hopefully we might see some measures to stimulate small cap investing. The removal of Stamp Duty on…
IN DISCUSSION
Popular Companies
REAL ESTATE & CONSTRUCTION
Pre 8 a.m. comments Inland Homes (LON:INL) announces that it has been successful in the first round of the Government's "Build To Rent" scheme, under which builders can borrow the money to build new houses. Sounds like a good scheme to kick-start some desperately-needed new…
Very late comments Please accept my apologies for being so late with today's report. I've been travelling home, and finally have got a spare few minutes…
Very late comments I apologise for being late today, slept through my alarm, due to a very enjoyable evening at the inaugural Small Cap Awards at…
Pre 8 a.m. comments Another contract win for a widely-followed company, Lo-Q (LON:LOQ) has been announced today, this time for a theme park in Turkey. No…
Popular Companies
INDUSTRIALS & UTILITIES
Let’s see what the cat dragged in today, shall we? Some exciting results today, mostly of the positive kind. Interims Fenner (LON:FENR) +3.9% Revenues and PBT down, but dividend increased by 7%, improving order levels in “conveyor solutions” (fancy conveyor belts, to you and me)…
Pre 8 a.m. comments Good morning. There are lots of trading and results statements issued this morning, but most are either resources sector, or large caps,…
Pre 8 a.m. comments Good morning! It looks as if small cap Directors spent the weekend enjoying the sunshine, as there are very few results or…
With the FTSE climbing to close at 6,625 last week I am finding it much harder to find those tempting purchases at the moment. I notice…
IN DISCUSSION
Popular Companies
- Macro Investing and Economics
- Markets and International
- Politics, Tax and Regulation
- Investing Strategies and Education
