tag:blogger.com,1999:blog-5799034827427799044.comments2022-06-23T03:26:00.769-07:00Mark CarterAnonymoushttp://www.blogger.com/profile/14217216051200082198noreply@blogger.comBlogger165125tag:blogger.com,1999:blog-5799034827427799044.post-27575509046295858322013-08-24T10:35:39.661-07:002013-08-24T10:35:39.661-07:00"Any further comments on this company folks?&..."Any further comments on this company folks?"<br /><br />Well, I made a completely bad call on this. As it turns out, David Einhorn knew EXACTLY what he was doing, as PTEC has trounced the indices since the blog article was originally published. It is now part of the FTSE 250, rather than the AIM, which gives it more credibility.<br /><br />It beats me as to what will happen next.Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-70766734250048830672013-08-24T06:08:25.147-07:002013-08-24T06:08:25.147-07:00Any further comments on this company folks? :)Any further comments on this company folks? :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-319648037523882212013-07-08T05:06:48.103-07:002013-07-08T05:06:48.103-07:00You're calling them courts, so your opinion is...You're calling them courts, so your opinion is why I don't value.<br /><br />Goals doing pretty well in Liverpool. I think their prices however, are close to extortionate.Liamnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-49317404578458004952012-06-17T21:32:51.818-07:002012-06-17T21:32:51.818-07:00sweet thx, this is just what I needed to run this ...sweet thx, this is just what I needed to run this tutorial:<br /><br />http://docs.oracle.com/javase/tutorial/networking/sockets/readingWriting.html<br /><br />For me I had to run xinetd with sudo for it to work.Joseph Johnson Jr.https://www.blogger.com/profile/05271847290006609542noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-4563940574910847902012-06-01T15:30:18.210-07:002012-06-01T15:30:18.210-07:00I love CWK too!I love CWK too!agriculture investmentshttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-68469311131392454122012-03-01T13:36:20.759-08:002012-03-01T13:36:20.759-08:00Have been thinking of doing the same thing as well...Have been thinking of doing the same thing as well. Blogger is just too finnickyfarmland investinghttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-76048487120012965802012-02-22T07:44:16.589-08:002012-02-22T07:44:16.589-08:00Thanks for the heads-up on Digital Look, I'll ...Thanks for the heads-up on Digital Look, I'll check it out. DL have always seemed a bit slow, for some reason. Maybe they could do with a few more hamsters powering their servers, or something.<br /><br />I agree, ADVN is heavy on the "jiggling baloney".Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-35590170139813196932012-02-22T05:36:03.320-08:002012-02-22T05:36:03.320-08:00Hi Mark,
I use Digital Look for trigger alerts. Y...Hi Mark,<br /><br />I use Digital Look for trigger alerts. You can set offer, bid and mid prices and have it email you. That ADVN site is incomprehensible and spectacularly poorly designed.<br /><br />It sends me an email every day now with price alerts for Tesco and Man Group. My wishlist prices now look stupid in comparison to what happened in real life!davehttps://www.blogger.com/profile/15331829367058949248noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-36181951529654417772012-02-21T23:50:01.908-08:002012-02-21T23:50:01.908-08:00Hi Mark. See my post on gambling coming out at 8a...Hi Mark. See my post on gambling coming out at 8am :-) <br /><br />Thanks for the nice long post and good to see you at the top of the Stockopedia tables (my own experiment there with 'rubbish' companies nose-dived and then I found out they don't include dividends so I quit).<br /><br />I think you make a lot of points that I'd agree with, but like you say the timespan is too short to make any meaningful judgements. In a single year there's as much luck as skill, so you really need about 5 years and probably 10 before you can say anything sensible about performance.<br /><br />I've got a quarterly and yearly portfolio coming up, neither of which has much meaning from a performance point of view other than to pat myself on the back if I did well and ignore performance if I didn't. The review is more about reviewing my process and how I followed it and whether the portfolio is full of the sort of stocks I want to own.<br /><br />The only other thing I'd say is that 10 stocks is pretty concentrated. If you make 3 or 4 errors in a row, or have that much bad luck then that's a big chunk of the fund locked up in bad situations.<br /><br />Although good and bad luck even out over time you can get long stretches of either. If you can't survive a long bad luck streak you might never make it to the next patch of good luck.<br /><br />A bientot!John Khttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-87553510706306113922012-02-20T14:21:23.497-08:002012-02-20T14:21:23.497-08:00I know this is an old thread but I have a few obse...I know this is an old thread but I have a few observations on MFI. A backtest of the Sharelock Holmes Greenblatt screen over the past ten years shows 2 clear trends. First, there is an inverse correlation between annual performance and the FTSE 100. So really there may be quite a simple explanation for the poor performance of the MFI - Equities are simply not as cheap as they were 3 years ago.<br /><br />The second observation is that when removing the effect of the FTSE, MFI worked much better betwen 2001 and 2005 than between 2006 and 2010. Indeed, the backtesting I've done on some other screens also suggests that performance has been declining in recent years.<br /><br />One theory I have got is that the increasing use of screens to inform investment decisions may mean that undervalued stocks get identified earlier by more investors. So, perhaps markets are just starting to operate more efficientlyShake Dnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-58142436026027121632012-02-17T10:10:41.831-08:002012-02-17T10:10:41.831-08:00You might find this video introduction to Investor...You might find this video introduction to Investor Chronicle's defensive 'bargain' portfolio interesting:<br /><br />It's returned 13.8% a year since 1999. Very big emphasis on balance sheet strength.<br /><br />http://www.investorschronicle.co.uk/2012/02/14/comment/simon-thompson/bargain-shares-uv6R9IKFgHLm8R6QJ07EgM/article.htmlMonevatorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-62911209347746597302012-02-12T11:44:41.465-08:002012-02-12T11:44:41.465-08:00That's almost exactly the same as I do with my...That's almost exactly the same as I do with my defensive fund. The details are different but basically look for consistent performers that are cheap. Simple. Not easy, but simple.<br /><br />The problems will come during the next bull run when these boring companies typically don't get the same high valuations as whatever is 'hot' because they're boring.<br /><br />Then you have to sit there knowing that you own a portfolio that is working and compounding earnings at a decent click but is being outperformed (on the market value at least), perhaps for years by an inferior asset like the FTSE 100.<br /><br />A stoic personality is required!John @ ukvalueinvestor.comhttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-48885136241666819972012-02-05T10:30:17.042-08:002012-02-05T10:30:17.042-08:00Hi Miguel,
I obtained the data from sharelock Hol...Hi Miguel,<br /><br />I obtained the data from sharelock Holmes. Relative Strength is one of the stats that it produces. The stats were compiled using a Lisp program that I wrote myself. I did have a similar program written in R a few weeks ago - the free stats app for Linux/WIN7/OSX - but I don't have R installed on my system at the moment.<br /><br />Worth mentioning is that the strengths I quoted are medians, not means. I tend to use medians more than means, as they provide more robust statistics. For relative strength, though, I think that it probably isn't too important.Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-19583932728237363632012-02-05T10:04:17.643-08:002012-02-05T10:04:17.643-08:00Hey Mark,
Very nice list, how did you compile it?...Hey Mark,<br /><br />Very nice list, how did you compile it?Miguel B.noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-70555287892756774882012-01-31T04:32:28.043-08:002012-01-31T04:32:28.043-08:00Thanks Lewis. Frustrating, isn't it? I'm h...Thanks Lewis. Frustrating, isn't it? I'm hoping for a good bounce out of these badboys. Fingers crossed!<br /><br />Kudos for the initial writeup, BTW.Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-58248892002465910892012-01-31T03:14:09.562-08:002012-01-31T03:14:09.562-08:00Hi Mark,
Oh dear! Another one of my significant f...Hi Mark,<br /><br />Oh dear! Another one of my significant fallers. <br /><br />The group benefits from a very long-term client portfolio, like many of the media companies, so it growing revenue is rather unsurprising, especially with the acquisitions!<br /><br />My suspicion is that the market doesn't really believe the profit figures or management spiel. Cash flow (IIRC) is still negative, and the following suggests even management recognise tough times are here to stay:<br /><br />"Appropriate actions have begun to align operating costs to the lower expected sales levels, the effects of which will predominantly be realised from the start of the new financial year."<br /><br />Priced in? I think so. That's what I always say, though!Lewishttp://expectingvalue.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-67267916554956511152012-01-29T12:47:59.871-08:002012-01-29T12:47:59.871-08:00John,
I, too, split across a couple of brokers. I...John,<br /><br />I, too, split across a couple of brokers. It's a fiddle transferring money, but you can never be sure of a default.<br /><br />I think things are pretty safe, but you never know when someone's going to do something wacky.<br /><br />Stay safe ;)Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-5113960422020589642012-01-29T07:50:03.798-08:002012-01-29T07:50:03.798-08:00It's a huge pain in the backside but I'm i...It's a huge pain in the backside but I'm in the process of splitting my funds across 2 brokers. I guess in time I might make that 3, but if Halifax were to default what would be safe? Not much I think.<br /><br />It's a bit like the old "in the event of nuclear war ignore this message" joke.John @ UKValueInvestor.comhttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-9653546293251803682012-01-26T18:12:56.316-08:002012-01-26T18:12:56.316-08:00Hilarious overview. I don't think I'd wan...Hilarious overview. I don't think I'd want to own shares in this sucker if someone gave them to me for free!alternative investmentshttp://www.greenworldbvi.com/alternative-investments-options/noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-61236359778298465642012-01-21T01:37:52.433-08:002012-01-21T01:37:52.433-08:00316p - great price! I'm in at 327p. I will buy...316p - great price! I'm in at 327p. I will buy more in the (unlikely) case that the price drops to 260p.Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-85906785840620807492012-01-21T01:14:21.770-08:002012-01-21T01:14:21.770-08:00Buffett has already bought more Tesco as I'm s...Buffett has already bought more Tesco as I'm sure you've noticed. Bought twice at just over 320p.<br /><br />I'm feeling smug about my 316p now, though of course I didn't have to deploy Warren's $250m or similar in a hurry. ;)Monevatorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-68661634025925156002012-01-19T12:23:28.483-08:002012-01-19T12:23:28.483-08:00Mark,
Thanks for the link, your summary and comme...Mark,<br /><br />Thanks for the link, your summary and comment. I think with a bit of extra analysis net-net's can be great investments. Without the analysis it's just as likely an investor will fall into a value trap.<br /><br />NateNate Tobikhttp://www.oddballstocks.comnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-32797241650090384322012-01-16T13:57:22.118-08:002012-01-16T13:57:22.118-08:00I think Carnival Cruises would be able to snap bac...I think Carnival Cruises would be able to snap back quickly. This sounds like something temporary and it should not affect their core business.farmland investmentshttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-37105080956493933122012-01-15T11:17:48.076-08:002012-01-15T11:17:48.076-08:00http://uk.advfn.com/cmn/fbb/thread.php3?id=2190994...http://uk.advfn.com/cmn/fbb/thread.php3?id=21909943&from=3341<br /><br />post 3341 has an indepth attempt at a valuation, seems to give a £1.04 estimate for fy 2012. Good thing about SHG is its so under the radar you can fill your boots. Seen ones like this before, it'll take off eventually.<br /><br />Good luck.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5799034827427799044.post-77543013514204479662012-01-15T09:56:30.633-08:002012-01-15T09:56:30.633-08:00Thanks for the comments. I had been looking throug...Thanks for the comments. I had been looking through my blog the other day, and saw that I did some rough calcs on what SHG might earn. At a quick glance, they seem to fit approx well with the analyst forecasts on Digital Look.<br /><br />I'm going to go back over my calcs, rework them, and check for the kind of schoolboy errors that I tend to make with these kind of things. I'll produce a better estimate then. Based on some old info, it looked like SHG should be about 2.5-3X its current price. I really need to revise that. Just having a quick look at ABG (African Barrick Gold), it trades on a PER of 10. SHG looks like it will trade on a forward PER of a little less than 2. So we could be looking at 5X price.<br /><br />I'd need to recheck all my calcs, though. Stay tuned. I have a feeling that they don't include the potential of Singida, plus all the other bits that SHG owns.<br /><br />I think that if my shares doubled from here, I wouldn't sell. There'd still be lots of upside. <br /><br />I would be interested in seeing other people's estimate of values.<br /><br />Take care, and here's looking forward to them generating some cashflow.Anonymoushttps://www.blogger.com/profile/14217216051200082198noreply@blogger.com