What knows he of equities, that only equities knows? That old observation by a poet about England in the early 19th century is based on the fact that all things are relative and need to be put into context. For many equity investors foreign government band markets may look to be on another continent but…
Unilever were 2,600p, last seen. The Unilever share price has come down a lot since April. I take a look at the shares, hoping to find them a possible ‘buy’ but discover them to be still far from cheap. Oh how have the mighty fallen?! I speak of Unilever (ULVR), that leviathan of global supermarket commerce that…
As featured in this month’s Master Investor Magazine. August 2015: in which your correspondent introduces a mysterious old actuary known as “No. 5” and talks of the prospects for oil and gas shares BP and Royal Dutch Shell – finding the ‘value investing’ fundamentals significantly compelling, amidst all the emotion and panic coming like the…
China fears are now more history than prophecy and the US and Europe, have expectations. The eventual arrival of higher rates in the US will indicate good real economic conditions for businesses and those who work for them. It’s only the ashen-faced troglodytes of financial caverns that fear them. Don’t confuse the former with the…
As my response to what seemed the panic and hysteria of the Great Fall of China last week, I got myself a pencil and the back of an envelope on which to do some revealing calculations. Although something has frightened the birds in the China stock market chicken coop, it certainly isn’t the result of…
The company is reducing costs and buying back shares; they have maintained the interim dividend and are looking for a better second half. The shares strike me as being dramatically oversold and a screaming buy even if the share price chart looks weak. I think we have heard a bell ring. We have now had…
In the first half of the current year Prudential posted continued strong growth after a solid performance last year. It is an attractive long term investment with some possible short term upside if the second half comes storming in. It is not overvalued at this stage and represents, in my opinion, a useful building block…
This is not as dramatic and as myopically self interested as it looks. Nor is it beyond reason… Yesterday’s allergic reaction to the devaluation of the Yuan is a reminder of how much investors have to keep in mind and how impossible it is to do that. We live in an ocean of connected facts…
As seen in this month’s issue of Master Investor Magazine. Life here goes on in its usual magical way; a bit like Prospero’s magical Isle – as Mr. W. Shakespeare of Stratford on Avon would have put it. Things happen and you do not quite know how or sometimes why; a bit like the internet or…
The best laid plans of mice and men go astray in the middle of a Greek Tragedy and a journey to Valhalla from a Tunisian beach. At 117p a share, some of the cheapest sales revenue in the business; not so much a question of whether to buy but when to buy. “Troubles, when they…
