Analysing one annual report at a time
I'm currently studying for the CFA Level 2 Exam and I don't have as much free time as before to read annual reports and try to find attractive companies to invest in. I've been following a few companies in the news, however, that have gotten into trouble recently and that I would like to look …
Continue reading Reader’s choice: which company should I analyse next?
Due to my additional investment on February 26 and its recent performance, Provident Financial now constitutes over 50% of my portfolio. On February 27, upon publication of its annual report and announcement of a £300 million Rights Issue, its shares rose 70.41% from 588p to 1,002p. Yesterday they closed at 932p, giving me a 34% …
What a day... On Monday PFG's shares closed at 588p, dropping about 10% that day, because a rumor spread during the weekend that the company was considering a £500m rights issue. Another contributing factor was the scheduled release of the company's 2017 results yesterday, with investors fearing a fine of £300m imposed by the FCA relating …
Happiness! Another year passes and with it comes the opportunity to read one more of Warren Buffett's Letters to Shareholders. On Saturday, Berkshire Hathaway published its 2017 Annual Report, and I was excited to read it. For more information about the company, I have written about Berkshire Hathaway several times: Berkshire Hathaway 2016 Annual Report Berkshire Hathaway Valuation Berkshire …
This Monday, January 26, Dixons Carphone paid an interim dividend of 3.5p per share. Since I own 400 shares, I received £14 in my ISA (3.5p * 400 = 1,400p = £14). In 2017 the company paid an interim dividend of 3.5p in January and a preliminary dividend of 7.75p in September, for a total dividend of …
On January 5 FRAN dropped more than 20%, finishing the day at $5.95. It had closed at $7.50 the day before (exactly the price when I first invested about three months ago). The above was caused by a new update on 2017 Q4 guidance based on holiday results, where the company stated that it now expects sales …
A return of 7.26% in the last quarter of 2017 is great! But what was my return for the whole year? Using XIRR to calculate my compounded annual growth rate gets me 13.17% (this would have been my return if I had invested for the full year). But I opened my ISA only on April 19, 2017, making it …
