NPVs Revisited – Spikes and Weasel Words (Oxford’s definition of the latter: “an informal term for words and phrases aimed at creating an impression that a specific and/or meaningful statement has been made, when only a vague or ambiguous claim has been communicated.” Alternatively, Rationalawiki’s definition is “words or phrases used in an ambiguous manner…
IAG are flying and here are the reasons why. The company has transformed itself into a larger and more complex business. However, the trans-Atlantic route still seems to be driving growth at the moment. IAG has generated a large amount of cash from its strongly rising operating cash flow. It is estimated by the market…
The Greggs (GRG) share price took a downturn on results but then bounced sharply on above average share trading volume. I assume that the results did not generate enough selling to accommodate buyers, presumably looking for good near-term dividend income. The shares appear to go XD of a 21.2p ordinary dividend on the 20th of May.…
There are three ways to make money from investing in shares: capital gains, dividends and perks. The latter are never more than modest and are becoming increasingly rare these days. Dividends can provide a useful stream of income, but they are unlikely to make you rich. Capital gains, however, are the raison d’être for most…
Rolls-Royce at 688p on news of 350 operational staff hirings in the UK and plans for new Trent Engine test beds for the UK and Germany. Rolls-Royce has a massive order book and has been investing in plant and people. In any event, everyone in the UK wants Rolls-Royce to succeed, from Thatcherite Tories to Labour trade unionists.…
Internet bulletin boards can be a good source of new investment ideas. They regularly draw highly informed investors and interesting insights. But they also have their downsides. Prone to attracting the more passionate retail punter, popular bulletin board stocks can often experience extremely volatile price movements on the back of certain comments. And then there…
“Oh Granny, what big ears you’ve got!” said Little Red Riding Hood. And the wolf replied “All the better to hear you with, my dear!” Then she said “Oh Granny, what big teeth you’ve got! And the wolf replied “All the better to eat you with, my dear!” …
British American Tobacco at 4,006p following the annual results for the year to 31st December 2015. The share price has broken into new territory and is now towards the ceiling of its share price corridor of upward and downward share price swings around the central trend. The shares look good value in dividend yield terms and…
As seen in the lastest issue of Master Investor Magazine. It took me a very long time to realise it, but bear markets really are a long-term investor’s best friend. Not that you’d know it from all the panic-inducing hype put out by the mainstream media. But despite the relative smallness of this latest bear…
As seen in the lastest issue of Master Investor Magazine. Seldom does a day go by without a new article in the media on robots, and in particular how they are going to steal our jobs. Some of these articles target a specific sector that will be disrupted by automation, such as driverless cars or…
