Monthly Archives: September 2012

RCG – Police Investigation

On one of my random scans, I notice that on 20-Sep-2012 RCG (RCG Holdings) is being investigated by the Hong Kong police, which is nice. http://www.investegate.co.uk/Article.aspx?id=201209201500447786M “The Company in [sic] not currently aware of the background or reasons for the … Continue reading

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HYNS – can’t be fixed

HYNS – Haynes – is an £11m market company which publishes car repair manuals. Its IMS for Q1 released on 28-Sep-2012 made for grim reading. It reported revenue decreases of 10% across all geographies. HYNS does have slightly higher margins … Continue reading

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6-month checkup

Review of what I was saying in March 2012. Performance figures are over 6 months ASX +0.4% CPP -83.9% I had cut my losses, which was correct decision (saved myself a bomb). Interesting quote from ADVN: “when there is uncertainty … Continue reading

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Signal and noise

Just added this to my Amazon wish list: “The Signal and the Noise: The Art and Science of Prediction” http://is.gd/O7KImv Part of a review I say on Amazon: The book presents real-world experience and critical reflection on what happens to … Continue reading

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RIMM – Greenblatt is probably seeing a special situation

I have said in the past that I think that RIMM is a basket-case, and yet here we see Greenblatt taking a position in RIMM. It seems unlikely that Greenblatt is taking a punt that the new Blackberry is going … Continue reading

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An own goal

GOAL (Goals Soccer Centres) issued iterims for 6 m/e 30-Jun-2012 today. Sales are up 11%, and L4L are up 2%. Adjusted PBT is +10%. Ordinary divvie is maintained, and net debt is a fraction down. GOAL own soccer pitches: 5-a-sides, … Continue reading

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LSE (London Stock Exchange) receives capital punishment

Reuters published (http://is.gd/atz5x0) a headline today: “LSE sees income drop if collateral rules adopted” It’s difficult to summarise it better than the article itself: The London Stock Exchange (LSE.L) expects that proposals to tighten collateral requirements will reduce net treasury … Continue reading

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RIMM

I see that RIMM has gone up a few percent points the last week. Results are going down the toilet. Q2 shipments of Blackberry were 7.4m against 7.8m. Q2 gross margins 26.0% vs 38.7% in Q2 2011. I was wondering … Continue reading

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Piotroski, Hornby, Games Workshop

I wonder if people are abusing the Piotroski score. I think it’s supposed to apply to a universe of low PBV stocks with a score of 8 or 9. It works better on smaller cap stocks, and it seems that … Continue reading

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Bought some EMG

Decided to buy a teaspoon of EMG (Man Group) today due to the latest goings-on. EMG is an asset manager that’s done appallingly badly lately. Over 5 years, share price is down 86%. Nasty. I’ve talked about this before, but … Continue reading

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