WEST30 Nov 2010 20:52
Amazon_Woman - 30 Nov'10 - 15:18 - 24872 of 24906
It depends what you are in, I buy as low as possible usually. VOGGY bouncing now.
Re WEST I found this.
Little and large
Created:7 September 2010Written by:David Stevenson
Regular readers will know that I don't tend to buy many individual stocks, as I prefer vehicles, however esoteric, that give me exposure to my favourite themes. But this month I've made an exception.
The only new holding I've added is specialist upmarket travel operator Western and Oriental. I happen to write about the travel sector for another publication and I’ve been tracking this minnow for some months now. It is worth just under £4m yet has cash on the books of around £6m and is capable of turning over between £40 and £50m, even in a poor year.
There are numerous structural problems with the travel industry and I wouldn’t want anyone to believe that this small investment isn’t a big gamble, but I think the travel sector will eventually re-rate upwards as capacity is taken out and cash flows start to increase again. W&O was loss making in the last six months but there’s every reason to expect the second half to be much stronger. Very speculative but I’m happy to sit tight