Category Archives: Articles 2008

NATS – the position of an ordinary shareholder

There has been some commentary between members of the Employee Share Trust about the valuation of their individual holding and whether it seems sensible to sell out. As a complete outsider with no detailed knowledge of the financial strength of … Continue reading

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Going back into Equities

Now that the UK bank rate has dropped to 2%, is it time to get back into ordinary shares simply for their yield and in the hope that surely capital values cannot fall much further? Of course we do not … Continue reading

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Prime the fiscal pump whilst the debt tank is full of water!

I have to hold my hand up. Whatever brickbats I have to suffer in the future for this misjudgment, I do not agree with the fiscal stimuli that are going to be announced for the UK in a pre-budget statement … Continue reading

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The ludicrous practice of the share buy-back

The fashion for a company buying-back its own shares was financial stupidity in the extreme. You could say that this judgement comes with the benefit of hindsight, but actually not so. I have a secondary interest in a Leisure Sector … Continue reading

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Stock Market Angst

James Bartholomew writes an occasional article in the Saturday issue of the Daily Telegraph under the heading “Diary of a Private Investor”. On October 25th, he wrote “It is frightening to see large chunks of one’s wealth disappear overnight. I … Continue reading

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The $700bn USA bank bail-out

No matter what all the experts had to say in favour of the Paulson bale-out plan, how does smallish individual piles of rubbish improve by being placed together in one big pile? If there might be profit to be made … Continue reading

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The wider stock market portfolio

What has happened over the past month to my two new shares? First, the bank Lloyds TSB. Soon after I purchased it took a dive but with better news on the housing front, a partial recovery has my holding showing … Continue reading

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What Is Commercial Fraud?

Anyone who has read my pieces of “How to read a Balance Sheet” or “How to interpret a Balance Sheet” or has been studying my “99 Business Definitions” and specifically some of the accounting definitions such as “Budget” and “Forecast” … Continue reading

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About Brazil

We all know that there is an awful lot of coffee in Brazil. What is less well known is that there are, increasingly, an awful lot of other things as well. The chattering classes within the investment circles are increasing … Continue reading

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The House Built on Sand

Let’s think about the New Testament parable (see Matthew 7.24-27) The wise man built his house on stone. Then a great flood came there, and winds blew there, and fell down upon the house, and it did not fall: truly, … Continue reading

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