Category: Stock Ideas

Disclaimer: I have a material personal interest in Macfarlane shares. A portfolio I help to manage has a large weight in Macfarlane shares. Hence, I cannot help but be biased. Please do your own research – my projections are mine alone. How I Invest As I described in my year-end post, to the extent I have a framework in investing, it is this: Buy companies which are cheap in absolute terms, and in any case cheaper than the market … which are more predictable than the market … which are higher quality than the market (as judged by prospective return …

Disclaimer: This is not investment research, and you should not consider it as such. It is commentary based on publicly available information. I have a very material personal interest in S&U Plc shares. A portfolio I help to manage has a very large weight in S&U Plc shares. Hence, I cannot help but be biased. Please do your own work – my projections are mine alone. I first wrote about S&U, the specialty finance business, two years ago. In that time the stock is up about 10%. This is a failure in performance terms – my hurdle rate is a …

Disclaimer: This is not investment research, and you should not consider it as such. It is commentary based on publicly available information. I have a very material personal interest in Quixant Plc shares. A portfolio I help to manage has a very large weight in Quixant Plc shares. Hence, I cannot help but be biased. Please do your own work – my projections are mine alone. Introduction Quixant isn’t my usual type of investment. I tend to like non-cyclical businesses with very consistent earnings growth. I try to minimise the probability of negative surprises. Quixant doesn’t tick those boxes: its …

Disclaimer: I have a very material personal interest in S&U Plc shares. A portfolio I help to manage has a very large weight in S&U Plc shares. Hence, I cannot help but be biased. Please do your own research – my projections are mine alone. Recap If you’re new to the S&U story, I first wrote about the business last December, in a post called Credit Where Credit is Due. It’s a long exposition of why I think S&U is a great business, with great management, and why it is a wonderful long-term hold for patient investors. But better still, …

Disclaimer: I have a material personal interest in Macfarlane shares. A portfolio I help to manage has a large weight in Macfarlane shares. Hence, I cannot help but be biased. Please do your own research – my projections are mine alone. Elevator Pitch Macfarlane is a packaging distributor with 26 core sites around the UK. It stocks boxes, wraps, tape and plenty more, and sells to customers like Dunelm, Halfords and Honeywell, as well as a raft of smaller businesses. Boring, sure – but boring is often resilient. Customers avoid managing their own warehouses full of various dimensions of packaging. …

Disclaimer: I have a very material personal interest in S&U Plc shares. A portfolio I help to manage has a very large weight in S&U Plc shares. Hence, I cannot help but be biased. Please do your own research – my projections are mine alone. Elevator Pitch I’m a firm believer that, if your stock idea is a solid one, you should be able to explain it in one minute. No bells and whistles, no complications. So here goes: S&U is a financial holding company with two divisions. The dominant one is Advantage Finance, which lends money to car-buyers with …