At first glance shares in delivery services business DX Group (DX.) appear to be attractive. Trading on a multiple of just under eight times forecasts for the current financial year the valuation looks cheap. With net debt almost wiped out following a £200 million IPO placing in February 2014 the balance sheet has been significantly…
As seen in this month’s issue of Master Investor Magazine. Particularly with start-ups, anything to do with new technology, or exploration in areas like mining, the directors can be key to the operation. Being a regular attendee of the Oil Barrel conferences over the years, I’m familiar with the name David Lenigas, director of seemingly…
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…
As seen in this month’s issue of Master Investor Magazine. In the first of a new series on the small cap markets Richard Gill, CFA analyses three recent additions to AIM, all of which are looking to grow in fragmented retail markets. FISHING REPUBLIC Joining AIM in June and raising £1.5 million, Fishing Republic is…
Shares in PPHE Hotel Group have risen 16-fold since the nadir of the 2009 financial crisis, making them one of the best performers on the whole of the London market over that time. They have also gained 45% in 2015 alone, driven by strong trading from the firm’s European hotels, as well as a strengthening…
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…
At a time when the S&P 500 is celebrating a six-year rally, which has seen it clock up gains of more than 180% since its 2009 low, it is understandable that investors should start to ask when this bull run will run out of steam. While economic improvement has been substantial since the financial crisis,…
Do you remember the paperless office? This was the dream that we were peddled in the early 1980s by people like Accenture (then Andersen Consulting) with the arrival of the PC. The idea was that all physical paper – the contents of our filing cabinets, lever arch files and bookshelves – would simply disappear, displaced…
As seen in this month’s issue of Master Investor Magazine. There’s a Scandinavian theory that if a war is inevitable then postponing it will simply make it all the fiercer once it comes. In other words, peace comes at a price. And one we may not think is reasonable if we could be presented with…
With Google Inc shocking everyone by announcing its newly formed umbrella overlord Alphabet Inc, it’s time to take a look at the A to Z (well sort of – it was hard!) of the new company. A is for… Alphabet Inc Effectively the new name for Google Inc. Firstly Alphabet will be created as a…
