The recent collapse in the share price of Carillion took many investors by surprise, but should it have? I don't think so. Yes, on the surface things looked fine. Carillion was a highly successful company, with a very long track record of … [Read more...] about Important lessons from the collapse of Carillion’s share price
We’re halfway through the year so that can only mean one thing: It’s time to re-calculate fair value for the FTSE 100 and dip a toe into the mystic world of stock market forecasts. FTSE 100 valuation: Almost at fair value After an incredibly long … [Read more...] about FTSE 100 valuation and forecast to mid-2018
This is just a quick update on recent events in the UK Value Investor model portfolio, including buys, sells and performance relative to a FTSE All-Share tracker. Before I get into the nitty-gritty, here’s a recap on the model portfolio’s … [Read more...] about Defensive value portfolio update: 2017 Q2
Neil Woodford strides across the equity income landscape like a colossus, gazing down upon his competitors as they scurry about like ants in the dust. Okay, perhaps that's taking it a bit too far, but Neil Woodford is without doubt the UK's best … [Read more...] about Was Woodford right to sell Glaxo?
Like banks, supermarkets were once seen as super-defensive investments, capable of delivering steady growth regardless of the economic environment. That was still the mainstream viewpoint when Morrisons joined my model portfolio in 2013, and even … [Read more...] about Why I’ve finally decided to sell Morrisons
Phil Oakley’s new book, How to Pick Quality Shares, details a three-step process for selecting profitable stocks. It’s the kind of investment book I like because it’s mostly focused on numbers and ratios, and it approaches the topic of investing … [Read more...] about How to Pick Quality Shares: A book review
One argument against investing in mega-cap dividend stocks is that elephants don’t gallop, and it's true; they don’t. However, as a dividend-focused investor I’m not necessarily looking for companies that can grow at ten or twenty percent each … [Read more...] about Who is the heavyweight dividend champion?
One million pounds is a lot of money. It’s more than enough for most people to retire on, and becoming a millionaire remains a long-term dream for many. That’s why I’ve chosen one million pounds as the new long-term goal for my defensive value … [Read more...] about My journey to a million pound portfolio
In recent years, Diageo's dividend growth and capital gains have been outstanding. But Diageo's share price has already gained more than 200% since the financial crisis, so is it too late to jump on board? In this blog post I try to decide if … [Read more...] about Is Diageo still an attractive dividend growth stock?
KCOM Group's dividend yield is currently more than 6%. That makes it attractive, but it also puts it squarely in yield trap territory. For a high yield stock, KCOM is interesting because it's a company of two halves. The first half can trace … [Read more...] about Can KCOM Group maintain its 6% dividend or is it a yield trap?