Monthly Archives: October 2012

Greenblatt on market cheapness

Market Folly posted the latest Graham & Doddsville newsletter. On page 9, Greeblatt notes: right now we’re in about the 87th percentile towards cheap … When it has been this cheap, the forward return for the Russell has been about … Continue reading

Posted in Uncategorized | Leave a comment

LAM – Lamprell – Sky Or Bust

I had been reading about an unfortunate choice by an excellent stockpicker (infinitely better than me at picking stocks) that went pear-shaped today. It happens to the best. I thought I’d submit my own Sky Or Bust stock. Selected for … Continue reading

Posted in Uncategorized | Leave a comment

RGS – Renegersis – some (very) sketchy notes

Sketch notes follow, forgive fractured writing style. Odd thing is that I actually read the original RNS on this, and thought it was an interesting company. I then did nothing about it, until I read a thread on TMF, which … Continue reading

Posted in Uncategorized | 2 Comments

hibu – going concern

Taking a look through hibu’s latest accounts for y/e 31-Mar-2012. I see that the auditors have reported an “Emphasis of matter – Going concern” that “There is a risk that the Group may breach the financial covenants with its lenders.” … Continue reading

Posted in Uncategorized | Leave a comment

hibu – a prediction

Gonna stick my neck out here with a prediction for hibu. Debtors have recently waived their covenant test for end Sep, and delayed it to end of Nov. it seems highly unlikely that hibu will be able to raise fresh … Continue reading

Posted in Uncategorized | Leave a comment

LSE – London Stock Exchange – cheap

Just flagged up is LSE – London Stock Exchange on a price alert of 960p – putting it at the lowest EV/EBITDA it’s been in a decade. LSE has operating margins of 65%, a ROE of 20%, and PFCF of … Continue reading

Posted in Uncategorized | Leave a comment

JJB – no value

JJB – finally the game is truly over. Sport Direct purchased some assets of JJB for around £24m, which will be used to pay off creditors. “there will therefore be no value attributable to the Company’s ordinary shares”

Posted in Uncategorized | Leave a comment