Monthly Archives: December 2013

Shares for 2014

Time for a review of my “5 shares for 2013”, that I chose slightly over a year ago. http://is.gd/iL4C3a The ASXX (All-Share exc. Inv Companies) is up 17% over 1 year. A very happy performance. The performance of my 5 … Continue reading

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Thoughts on the Magic Formula

I have always thought that mechanical Magic Formula Investing is not without its problems. It makes mistakes, and one of the most egregious ones, I think, is Chinese companies. I have written about the problems with Chinese companies a long … Continue reading

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Change to my Stockopedia portfolio

My public portfolio on Stockopedia (http://www.stockopedia.com/fantasy-funds/blippy-defensive-463/) has been running since February 2011. The aim was “To achieve above average capital and income return over the FT350 by investing in a portfolio of quality defensive companies.” Performance has been mixed. Over … Continue reading

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$RSA.L is a really crummy business

According to Stockopedia, RSA (RSA Insurance) has an average ROCE of 3.2% over the last 6 years. It’s fair to say that that makes it a bad business. Over 5 years, the share price returned -36%, compared with the Footsie, … Continue reading

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Graham, Bolton, Lynch and PEG

What would you prefer: a) a company growing at 20% on a PE of 20 b) a company growing at 5% on a PE of 5 The PEG is 1 in both cases. If you were Peter Lynch, I suspect … Continue reading

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Do you need to chase growth?

I wrote about NANO.L, saying that I thought that even things work out well, it would be difficult to get paid off for it given the high expectations for earnings. In a similar vein, I notice that WAND (Wandisco) has … Continue reading

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$NANO.L – I’m sceptical about its valuation

NANO (Nanoco) make Quantum Dots which can be used in things like LCD TVs. So there’s a huge potential market for it in that segment alone, and Dow Chemical has taken a very real interest in the company. There are … Continue reading

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