Monthly Archives: June 2015

DIA – Dialight disappoints

Shares in DIA (Dialight) fell 30.6% today to 516.8p after issuing its trading update, stating: … the Board expects that underlying operating profit for 2015 will be significantly below expectations and that the results for the first half will be … Continue reading

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Haskell: a top-down bottom-up language?

Most people would say that C is a top-down language (although I tend to tackle projects in a bottom-up way), whilst List/Forth/Python is a bottom-up language. In a bottom-up approach, you create some feature that works, and then accumulate features … Continue reading

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A look at incremental ROCE

Many investors focus on increases in earnings. Perhaps “focus” is the wrong word. It is more like “obsession”. There are commentators that point out, though, that it is not growth in earnings that is important, but return on capital. Growth … Continue reading

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#EdexcelMaths 3 – Gym question

Please note that I have never studied GCSE mathematics, so my solutions are not necessarily the “official” way of solving problems. I just solve them in a way that occurs to me. Here’s the question: 50 people each did one … Continue reading

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#Edexcel solution explained here

I turned on Twitter to see that “Edexcel”, whatever that is, is some kind of maths problem that students were tweeting about. The problem is this: The question told pupils that Hannah had a bag containing a total of n … Continue reading

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PLUS – where next?

Odey Asset announced today that they think the cash offer of 400p for PLUS by PTEC materially undervalues the company (http://is.gd/ASU0Za). Furthermore, we believe that the financial and strategic value of Plus500 to an industry bidder is significantly higher than … Continue reading

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Magic Hat update: PRES – Pressure Technology

The Magic Hat portfolio has been remarkably disaster-prone. It has stepped on a lot of mines: Huntsworth, Sears Hometown, NetPay, and now PRES (Pressure Tech). Despite all that, the portfolio has held up well. If only I could avoid the … Continue reading

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Magic Hat portfolio: QRT in, HNT out

My Magic Hat fantasy fund, which is mostly mechanical, is on Stockopedia: http://www.stockopedia.com/fantasy-funds/magic-hat-463/ It has had a lacklustre performance over the last 3 years, slightly underperforming the FTSE 350. It does beat it over the portfolio lifespan, though. It is … Continue reading

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$LMI.L – Lonmin – some notes

Well, my holding in LMI (Lonmin) has been a long, tedious drawn-out affair. I am down 17% since I last bought it in January. It is very to easy to become discouraged when the share price does not behave as … Continue reading

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Housebuilders do look expensive

Edmund Shing released a video today, expressing the opinion that UK house prices, stocks and bonds are too expensive (http://is.gd/QQ74Fc). You can also find him on Stockopedia (http://is.gd/BZZ649) and his website (https://twitter.com/TheIdleInvestor). I’ve found some of his calls to be … Continue reading

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