I passed the June 2018 CFA Level 2 Exam! And that is no guarantee when it comes to investment performance, but the knowledge acquired will (I hope) prove to be useful when analysing companies to invest in. Due to my (perhaps misguided) increase in confidence, I decided it was time to invest more of my …
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 …
Looking for a new company to invest in, I decided to do another screening on Financial Times' website during the first week of this month. I wanted to find companies with good returns on equity, growing earnings, low debt, and that recently had their share price pummeled. The criteria I used were: market capitalisation above …
On Friday, October 13, PFG shares jumped about 12.2% to 887p, from 790.5p the day before, giving me a profit of 8.68% (up £53.15) on my 75 share position. This happened because PFG published its latest trading statement that morning at 7am. In it, the most important points were the confirmation of the guidance provided on 22 August 2017 …
