28 Mar 2011
Predictability, growth and price
One of the interesting things about investing is the almost infinite number of ways that you can tackle it. From indexing to stock picking, bottom-up and top-down, technical and fundamental analysis, skuttlebutt and quantitative formulas, you’ve got enough options to keep you happy for a thousand years. That’s why I’m going to try out a new approach to value investing for a while. The eagle eyed among you may spot its origins.
17 Mar 2011
Billington Holdings – One last tangible asset play
“Billington Holdings Plc is a UK based group of companies providing structural steel and safety solution services to the UK
I bought Billington back in November at 85 pence but haven’t got round to analysing in writing yet, so I thought I’d nail this one before moving on to my recent turnaround purchases.
11 Mar 2011
Taking some quick and some slow profits
Monthly Performance Update
February has been a busy month, with two companies being bought and three being sold. The number of companies held is now 16 as at the end of February and my aim is to increase that to 20 over the coming months as part of a drive for more diversification.
The 1 year returns are about 6% behind the FTSE 100 total return, but in the longer term since 1st January 2010 I’m up by about 8%. However, this is far too short a timescale on which to judge the performance of any equity fund and unfortunately it’s next to useless at indicating future performance. Generally five years is suggested as a minimum timescale on which to invest in equities and on which to judge any given fund, including mine.
February has been a busy month, with two companies being bought and three being sold. The number of companies held is now 16 as at the end of February and my aim is to increase that to 20 over the coming months as part of a drive for more diversification.
The 1 year returns are about 6% behind the FTSE 100 total return, but in the longer term since 1st January 2010 I’m up by about 8%. However, this is far too short a timescale on which to judge the performance of any equity fund and unfortunately it’s next to useless at indicating future performance. Generally five years is suggested as a minimum timescale on which to invest in equities and on which to judge any given fund, including mine.
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