Monthly Archives: May 2012

Debt parallels with Japan

In The Little Book of Sideways Markets, published 2010, Katsenelson wrote (page 199): The Japanese stimulative, low-interest policy landed the country in a debt trap. It cannot afford high interest rates, and low interest rates are not stimulative to the … Continue reading

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IAE – Ithaca Energy – bid falls through

IAE (Ithaca Energy) announces: it has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the Company. As previously announced, the Company received, initially, a confidential, non-binding proposal to acquire all of the … Continue reading

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MCRO – MicroFocus International – good value

MCRO looks good value. PER 10.2, Yld 6.5%, P/FCF 8.3 (which is absurd), EV/EBITDA 7.2, ROE 55.2%, 2013 forecast EPS up 9%. MCRO makes software products – mainly for use by other developers. It sells Micro Focus Visual COBOL, which … Continue reading

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6-month checkup

Review of Nov 2011 blog. PIC up 106% over 6m. Finally. It was trading at a PER of 2.4 at the time. Quote by Tom Gayner: "If you want to beat the S&P 500, here’s what you do, you buy … Continue reading

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Even the best can get it wrong

I was coincidentally looking through an article by Geoff Gannon dated 27-Jan-2011, where he looked at UK stocks. He identified "7 decent businesses selling at decent prices": CTO, FBDU, CC, GMG, BMY, FLK, ASY. A little later in the month, … Continue reading

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Scribd docs

I’ve released some documents over to scribd: Clean Surplus Accounting – a new doc which summarises Farwell’s book Buffett and Beyond. Hackers Fuide to Investing – updated with new sections, corrections, and layout improvements. =-=-=-=-=Powered by Blogilo

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Farm bets

Interesting snippets from a post on Motley Fool: I think it would behoove anyone thinking of making a farm bet, especially perhaps when the investment is another financial company, to take a read of those two company boards here on … Continue reading

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