Monthly Archives: January 2015

$BABA – Alibaba – earnings miss

$BABA (Alibaba) is down 9% today on news that the “quarterly sales missed Wall Street expectations, raising concerns that the company is showing signs of a slowdown in growth”. (ibtimes, http://is.gd/QQUChZ). I’m actually a little surprised by this. I figured … Continue reading

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Jim Cramer/Steve Ballmer lookylikey

Thought I’d post my pic that I put onto Twitter here. I’m surprised that no-one has ever thought about their likeness before. Mirror, mirror, on the wall, who is the most insane of all? All hail the Sweaty One.

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$INDV.L – the elevator pitch

The idea is: you’re buying at a discount to a comparable, with favourable optionality from the pipeline. Indivior’s big scare card is declining revenues due to competition from generics. It’s current market cap to revenues was around 1.3. Consider a … Continue reading

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$IBM – difficult to see a franchise

Ah, the American markets are so much more fun than the UK. The big news about $IBM is, of course: “Forbes reports that IBM will be laying off 26% of its employees next week”. I’m not sure how anyone can … Continue reading

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$FLYB.L – trading update disappoints market

FLYB (Flybe) released its Q3 2014/5 trading update today, sending the shares down 23% to 69p at the time of writing. The share price was down about 10% yesterday, in a move that seemed suspiciously prescient. It’s difficult to know … Continue reading

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$BABA Alibaba – the madness of crowds

$BABA (Alibaba) shares traded up 3.25% to $103.29. It has a market cap of $249b. It’s annual revenues for 12 m/e 31 march 2014 was 52.504b CNY (8.45b USD). That gives it a PSR of around 30. Doesn’t it occur … Continue reading

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My inane ramblings on commodities

First, a disclaimer: I have no idea what is going to happen, and what I know about commodities could be written on the back of a postage stamp. Got that? A couple of days ago I decided to increase my … Continue reading

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Film: Uncle Boonmee Who Can Recall His Past Lives

Uncle Boonmee Who Can Recall His Past Lives (“Boonmee”) tells of the last days of Bonnmee, who is dieing of kidney failure. This Thai film was released in 2010, and won the Palme D’or. So you know it is going … Continue reading

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Garmanbozia theory in Twin Peaks

I’m something of a fan of Twin Peaks, so I’m happy to learn that they’ll be a series 3 coming out. An interesting scene from Twin Peaks 2: http://youtu.be/5ax1ZIpyiY8 It’s really interesting what is happening: MFAP (Man From Another Place) … Continue reading

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Growth still looks attrractive relative to value

Rather than be a “growth” or “value” investor, I’d rather be a “what works” investor. Sometimes growth can be attractive, and sometimes value. To see where we are in the game, I have tried to use proxies for growth, value, … Continue reading

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