Why I won’t be investing in Prudential plc (just yet)


Prudential plc recently announced its 2014 results so I thought I’d take another look at this popular and relatively defensive financial services company. I think most private investors are vaguely aware of Prudential and what it does, but if not then a super-quick summary would be that Prudential is FTSE 100-listed insurance group, established over […]

The 10 most profitable dividend paying shares

ROI - return on investment

Profitability measures such as return on capital employed (ROCE) are a useful way to gauge the “quality” of company. If a company can generate consistent returns on capital far above the cost of capital, that alone suggests some kind of durable competitive advantage or economic moat. If the company didn’t have a competitive advantage then […]

Why passive investing and index tracking are not the same thing

stock market

Rob Davies of Maven Capital Partners looks at index trackers and finds they are not always as passive as you might think, and that passive investing does not always mean index tracking. Trying to describe a passive, index or tracker fund is a lot harder than it might seem.  Take a look at some excerpts […]

Is the Fundsmith Equity Fund’s performance sustainable?

Dividend Growth Chart

If you’re a keen investor then you will have almost certainly heard of the Fundsmith Equity Fund and its high-profile manager Terry Smith. To date the Fundsmith Equity Fund has produced results which are nothing short of spectacular – a total return of 100% in just over four years. But is such rapid growth sustainable? Dividend […]

Centrica’s dividend cut – How should shareholders react?

Question mark

This week I was mildly surprised to see that Centrica (which I’ve owned since 2012) had cut its final dividend as part of a plan to rebase the dividend some 30% below its previous level. It wasn’t a complete surprise given the recent collapse in the price of oil, but it’s the sort of event which […]

Unilever’s slower dividend growth could mean it’s time to sell

Rising dividends

Unilever is almost an obligatory holding for many dividend growth investors. That’s no surprise because the company’s consumer products (including brands such as Dove, Flora and Magnum) are well suited to a world in which a growing number of people are willing and able to buy those products. That tailwind of growing consumerism has enabled […]

The basics of investing and some other interesting reads

Investing ROI

Here are some of the things I’ve been reading lately, mostly from blogs I’ve read and respected for a long time: The investing basics that underpin success – Monevator The Swiss Franc & the dangers of following strategies with even a small chance of “blowing up” – Expecting Value Remove the Emotion from Your Investing […]