Category Archives: Uncategorized

AIR – down nearly 20%

Aviation services company AIR (Air partner) is getting hammered again today, I see. It is down 19.8% to 83p. As early as March, it reached a share price of over 150p. The big drop is attributable to the year-end update … Continue reading

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Magic Hat: SCS in, RM. out

The MHP (Magic Hat Portfolio) on Stockopedia (http://www.stockopedia.com/fantasy-funds/magic-hat-463/) is an experiment by me to see if a human can improve on a mechanical Greeblatt Magic Formula screen. I am trying to weed out “mistakes” that I feel the screening commits: … Continue reading

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IAG looks like a buy to me

Prompted by a tweet from @wheeliedealer, I thought I’d add my tuppence worth: IAG (Int’l Consolidated Airlines) looks like a buy. P/FCF is around 6, yield is above 3%, and net debt is less than 3 times PBT. Its EV/EBITDA … Continue reading

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SPRP. Sprue Aegis. Investing is hard

I see that SPRP, “one of Europe’s leading developers and suppliers of home safety products” tanked today, down 26% to 140p. The problems: the Company is in breach of certain provisions … the breach is not curable and as such … Continue reading

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Delivery drones: surely the dumbest idea ever

The Los Angeles Times reported recently (http://www.latimes.com/business/technology/la-fi-tn-amazon-drone-patent-20180322-story.html): > Amazon patents delivery drones that can react to people screaming and > flailing Love it! > As described in the patent, the machine could release the package it’s > carrying, change its … Continue reading

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IGG – nice market reaction

Spreadbetter/stockbroker IGG issued a Q3 revenue update today, sending the shares up 5.1% to 860p. Revenues were up 30% against comparables. Blimey. > Following its call for evidence in the early part of the year, it is > expected that … Continue reading

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FXPO results

FXPO (Ferrexpo) published its results today. The share price wobbled about today, but eventually decided to finish up 0.9% to 304.6p. Free cash-flow is £177m ($250m, $353m operating flows, less $103m captial investment). Market cap is £1.78b, so it satisfies … Continue reading

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