Monthly Archives: May 2012

Magic Formula: four mistakes

Skectch notes on Greenbackd’s article: “How to beat the market: Joel Greenblatt’s List of Four Things Not To Do” of 10-May-2012. http://greenbackd.com/2012/05/10/how-to-underperform-the-market/ Over 2 years, self-managed accounts in the MFI underperformed the S&P500. The S&P500 underperformend the professionally managed MFI. Here’s … Continue reading

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Tesco is beating the All-Share

TSCO (Tesco) has been a right old dog of a share since its price fall in January. Amazingly, though, if you bought after the fall, then you are probably beating the ASX (FTSE All-share). If you had bought at 327p, … Continue reading

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Sit on the sidelines

It’s been one hell of a week for markets around the world. ASX (FTSE All Share) stands at 2739. It has a 52-week high of 3168, and 52 week low of 2494, and a YTD high of 3098. It currently … Continue reading

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FCCN – French Connection in hindsight

FCCN (French Collection) – a clothes manufacturer and retailer – released a trading statement today, reporting a 12% decline in like-for-like sales. Shares were already trading at below PBV, but the news has send them spiralling down 24% at the … Continue reading

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Magic Formula Investing

Sketch notes on 07-May-2012 article on Greenbackd: How to beat The Little Book That Beats The Market: An analysis of the Magic Formula, Krishnamsetty reckons MFI has annual alpha of 4.5%, not the 18% suggested by Greenblatt. Empirical Finance couldn’t … Continue reading

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Reading news considered harmful

On my Google Finance, there’s a summary of an article in The Telegraph: Government faces £13bn black hole from fuel duty slump The Chancellor will need to plug a £13bn black hole in tax revenue by 2029 as efficient hybrid … Continue reading

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Learning using the Feynman Technique

The Feynman Technique is a method for learning anything faster. It is named after the famous physicist Richard Feynman. Sketch notes of a video. Step 1. Choose the concept you want to understand. Take a blank piece of paper and … Continue reading

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HLO – Healthcare Locums – a penny dreadful

Welcome the the Land Of Penny Dreadfuls, a land ruled by talking monkeys and where nothing is quite the way it seems. HLO – Healthcare Locums – a small-cap stomach-churner of a company that provides temporary and permanent staff to … Continue reading

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DPLM – Diploma – interim announcement

DPLM announced its interim results for 6 m/e 21-Mar-2012. Market isn’t enthusiastic about the results, as share price is down 2.4% against the All Share down 2.0%. Anyway, here’s the upshot: Revenues +13%, free cash flow + 33%, basic EPS … Continue reading

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The oily rag

For my sins, I work in the Oil (and Gas) sector, and there’s been a few tweets back-and-forth about what I thought of the sector. My first admission is that I’m probably not the best person to ask. I would … Continue reading

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