1St of all it is difficult to make comparisons between long term buy hold, and my method because I have increased my Float by so much.
2nd'ly - I am continually improving my system and made some bad Deals while I was setting it up - like I could not see the Cost Price when computer told me to sell - just did it anyway! This results in my new system where computer tells me when to buy and sell and highlights the hold time in Diary, so I need to manually… Read More
A housebuilding tycoon has donated more than £200million to charity in what is thought to be one of the largest public donations made in the UK.
Successful businessman Steve Morgan, who once tried to buy Liverpool Football Club, set up The Morgan Foundation in 2001 to help community groups, in particular those which help children and families in desperate need.
He made the donation in the form of 42 million shares from his company, Redrow PLC, representing more than 11% of the… Read More
Hi Strictly Your method depends on spotting good value by detailed analysis of the accounts is an excellent method. As I said I tried to do that with Tech Stocks (Growth) but this could not protect me from the DotCom Bust.
History. With Tech Stocks the critical factors are the rate of change of Per, Peg and margins, but this was no protection against the DotCom Bust, just as the Builders disaster caused by the Bankers means good value does not guarantee continuing success. There would have… Read More
Nige, I hadn’t come across Company Refs so have just googled it. I’m imagining that, while it might be useful if you’re scouring across hundreds of companies looking for pointers, I’m only looking at about ten companies, all in the same sector, and, of those, only four are interesting to me currently – that’s Telford, Redrow, Bellway and Crest, and in that order. And I put far more faith in long term track records, which can be obtained from the companies… Read More
I’m not suggesting that that can’t be done successfully (so perhaps a discussion on investment performance using this at some point might be useful?), only that I am not able to do it. My whole investing strategy is to rely on the notion that, in the end, price follows value - though I might have to wait at least five years for this to happen under some circumstances, as in the credit crunch, and so need to be able to leave those shares in place that long to avoid a good kicking… Read More
First a bit of History so you can appreciate where I am coming from. I started investing in 1986 - made a lot of money during DotCom Boom (and lost it in DotCom Bust). During this time I refined my investment strategy by buying Company Refs and looking for value in Tech Stocks. It worked well until everything collapsed.
I still get Company Refs but have found that it is more difficult to compare Building Companies, because their performance mirror… Read More
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