Value Investing News

An updated two minute monologue. What’s changed: I’ve added more competition in the completion section.What it does: model soldiers Games Workshop designs, manufactures, wholesales and retails war gaming miniatures, scenarios, craft [...]

Monthly performance appraisal: Richard Beddard True to form I’m not reviewing performance, how much money the portfolio is making and whether the shares in it have gone up or down, [...]

All about equity cash flow With origins in mail-order, N Brown, which is mostly a women’s fashion retailer, may be adjusting to 21st century retailing more easily than its peers. [...]

A two minute monologue What it does: window furniture and ventilation systems Titon manufactures (67% of 2011 turnover) and distributes window handles, hinges, vents, locks, and home ventilation systems. It [...]

A two minute monologue What it does: equipment hire Vp is an equipment hire company supplying the construction, engineering, oil and gas exploration, rail and outdoor events industries through six [...]

Honeymoon over before the wedding I’m grateful to Rijk, John Kingham and Trident for giving me something to think about as I stumbled through equipment hire company Vp’s past annual [...]

A classic net-net This is the reason to hold Titon: The market has given up any prospect of recovery. The share price values its assets at 30% less than my [...]

Bad news in perspective Diminutive window latch and ventilator manufacturer/distributor Titon made a far from titanic £5,000 operating profit in 2011. Courtesy of interest and a tax credit, net profit [...]

It all started with a vibrating roller Not often you can say that about a company, is it? The ‘V’ in Vp is for ‘Vibrating’ and, fortunately, this story gets [...]

Note to self: don’t just check. Think! II must have been drunk on Monday. Drunk on the idea of adding brewer, pub and restaurant chain Greene King to the portfolio. [...]

Beddard in the City On Wednesday I attended a conference hosted by Soc Gen’s much quoted Analysts Albert Edwards and Dylan Grice. It’s a New Year ritual for many investment [...]

Cash flow from operations or free cash flow? Pardon the technical post and the prosaic title, but I hope it will explain why I rejected Smith & Nephew but retain [...]

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The heart of my investing process My New Year’s resolution was to write two minute monologues to ensure I have thought through an investment and have a means to track [...]

A two minute monologue What it does: model soldiers Games Workshop designs, manufactures, wholesales and retails war gaming miniatures, scenarios, craft materials, books and magazines for its Warhammer, Warhammer 40,000 [...]

And a bad memory Just on a whim really, I calculated the median values for some of my favourite financial statistics and then screened the entire market for for companies [...]