Analysing one annual report at a time
On Friday, January 19, DTY crashed almost 50% to 962p per share, having closed at 1,916p the previous day. This was due to a trading update where the company said they would be cutting their simple funeral service price by 25% and freezing the price of their traditional funeral service to protect their market share, due …
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 …
I'm sitting at my desk feeling sore after finishing another BJJ class and doing some cardio, and I'm staring at four medals (three silver and one gold) that I won competing in three tournaments in three consecutive weekends. At this time I realise it's been over six weeks since I wrote an article for this blog, and there have been some very …
After reading FRAN's quarterly and annual reports (please see my previous post) in early October, I made a few calculations in Excel to help me value the company: In the table above, we can see several Pros: Sales grew every year at about 13% per year; Equity also grew at 13% since 2012, and could …
