Monthly Archives: March 2014

$TSCO.L – my Tesco CAPM valuation

BLUF: Share price 291p, estimated value 360p, implied upside 24% Todd Wenning did an interesting valuation on TSCO (Tesco) (http://www.cleareyesinvesting.com/2014/03/why-i-sold-this-dividend-stock-for-loss.html) and found it to be overvalued, even at today’s prices. Being something of a starry-eyed admirer of Aswath Damodaran, I … Continue reading

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Just Eat – junk food?

I’ve been roundly criticised for tweeting that there were a lot of junk IPOs taking place lately, implying that “Just Eat” was one of them. Admittedly, I hadn’t done any valuation work on it. The name itself put me off. … Continue reading

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$ASC.L ASOS down 13%

ASC (ASOS) released a trading statement today showing robust increases in sales and active customers. Margins also improved. They didn’t mention profit figures, which seems to me to omitting some pretty basic information. The Market seems to have disliked ASOS’s … Continue reading

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Swapped RGS for LOOK

Decided to sell RGS (Regenersis) after the poor reaction to yesterday’s trading statement. I have been in an out of RGS twice, both with very satisfying results. Thanks go to John Rosier (http://johnsinvestmentchronicle.com) for the latest prompting on the share … Continue reading

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Magic Formula – momentum seems to help

Not long ago, on 5 March, I set up a spreadsheet based on Stockopedia‘s Magic Formula. It’s far too early to draw any conclusions, but a quick scan does seem to show that momentum does correspond with performance. The mean … Continue reading

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Median PER by index

Here are the median PERs by index: IDX  # PER FTSE100  101       16.6 FTSE250  206       17.0   OTHER  328       16.9     ALL  635       16.9 (Generated using report01) Valuation levels are nearly identical at all levels, so no index shows any … Continue reading

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Leaning towards #Vim

I’ve now pretty much set up my Cubietruck successfully. Apache was running out of the box. Setting up a mail server was more problematical. I’m using Dovecot and Postfix. I had previously documented the configuration process fairly well, so I … Continue reading

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#Golang, #C, #Python, #Cubietruck s, #Makefile s and #Autotool s

I’ve been setting up my new Cubietruck over the weekend … Mr Market has been good to me this year, so I decided to treat myself. I decided that my Raspberry Pi, although good, is rather slow. I’m pleased to … Continue reading

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February 2014 artwork

My drawing is progressing somewhat. This Manga Jesse Pinkman has a head that’s a little flat, but I like the expression around his eyes.

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Magic Formula experiment

Awhile back I said that I intended to perform an experiment to see if there was any outstanding characteristics of shares that performed well. I have created an online spreadsheet of the current Magic Formula stocks, together with a number … Continue reading

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