I'm going to record an analysis of each of the trades that I make so that I can learn from each trade. I'm sure that sometimes there … [Read more...]
Valuing Markets
I'm a big fan of CAPE (cyclically adjusted price earnings) and Tobin's Q as tools for understanding expected future risk and returns from a … [Read more...]
Share buybacks and placements
Electronic Data Processing is a company I bought recently. I've since found out that they bought back half the shares for 6 million pounds … [Read more...]
Buying Assets and Financial Strength
Over the past 6 months I've worked on my approach to finding good investments and I think I'm quite happy for now. I started out just … [Read more...]
Stylo fades away
The owner of Barratts shoes I think. I had a quick look at their valuation as at Feb 08. They had negative liquidation values (using net net … [Read more...]
Ennstone teaches me an important lesson
I think it can be difficult to learn anything without actually living it. So handily Ennstone, my first purchase of a value stock using not … [Read more...]
Alba sells their brand name
Alba sold off their brand name to Argos for 30p a share, which is more or less what I bought them for. Alba had almost zero intangible … [Read more...]
Bought Alexon Group (AXN) on November 3rd
Alexon Group is a ladies clothing retailer. They have brands such as Ann Harvey and Bay Trading. The numbers when I bought were:debt/equity … [Read more...]