Latest

Building Boom? Forget Builders – Builders’ Merchants Are the Good Geezers

Building Boom? Forget Builders – Builders’ Merchants Are the Good Geezers

7 mins. to read

Builders in this country are, in the main, a bunch of corner-cutting scallywags. But builders’ merchants are a good group of geezers: knowledgeable, happy to help and well organised. What’s more, given their increasing economies of scale they are enjoying nice margins, with much less business risk than their professional clients. In the current UK…

Unilever – worth buying on the dip?

Unilever – worth buying on the dip?

5 mins. to read

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…

You snooze, you lose. Is the correction over?

You snooze, you lose. Is the correction over?

1 mins. to read

The markets have done very well indeed beginning Monday, FTSE managed to get up and away from the all-important 6,000 support, the support being more psychological than technical in my opinion. So, is the correction over? Can we feel safe going long and get ourselves some stocks at good prices? As I have said it…

A potential buying opportunity: Worldwide Healthcare Trust

A potential buying opportunity: Worldwide Healthcare Trust

1 mins. to read

Market sell-offs tend to provoke some rather indiscriminate selling, which can provide buying opportunities for more discerning longer term investors. One potential example is the Worldwide Healthcare Trust, a London listed investment trust that trades under the ticker WWH. The one billion pound fund aims to achieve a high level of capital growth by investing…

STOP PRESS – A lesson in IRRs and NPVs

STOP PRESS – A lesson in IRRs and NPVs

1 mins. to read

By John Cornford This is a follow-up piece to my article in the September issue of Master Investor Magazine. The fact that Condor Gold (CNR) is putting up for sale its La India gold project in Nicaragua is a blow to sentiment in all miners – not just gold. On the surface, all-in cash costs…

Using Corporation Tax as a Technical Indicator

Using Corporation Tax as a Technical Indicator

6 mins. to read

As featured in this month’s Master Investor Magazine. As Technical Traders we’re always looking for an edge in identifying trends and buying/selling opportunities. Typically, we use indicators based purely on price. The other possible element is volume, although it’s overrated as a tool in my view, and most of the time offers no help at…

Whitbread and Rolls Royce

Whitbread and Rolls Royce

2 mins. to read

Lyrics that are now too close to the bone for some are good fun in my book. One classic is the line in the Small Faces’ song ‘Itchycoo Park’: “we can miss out school (won’t that be cool), why go to learn the words of fools?” And another from Mungo Jerry’s ‘In The Summertime’: “Have…

The Evil Diaries: “Tense time”

The Evil Diaries: “Tense time”

3 mins. to read

Time for common sense: I took another look at Global Res IT (GRIT): It’s not as obvious a slam dunk as I originally thought but I think it has merit. TNAV is 39.5p and that is after deducting £5m of 9% CULS. The convertible aspect is neither here not there. This contrasts with the fact…