The unacceptable face of retail
All about equity cash flow With origins in mail-order, N Brown, which is mostly a women’s fashion retailer, may be adjusting to 21st century retailing more easily than its peers. [...]
Two minute Titon
A two minute monologue What it does: window furniture and ventilation systems Titon manufactures (67% of 2011 turnover) and distributes window handles, hinges, vents, locks, and home ventilation systems. It [...]
Vp in two minutes
A two minute monologue What it does: equipment hire Vp is an equipment hire company supplying the construction, engineering, oil and gas exploration, rail and outdoor events industries through six [...]
A cyclical masquerading as a stalwart
Honeymoon over before the wedding I’m grateful to Rijk, John Kingham and Trident for giving me something to think about as I stumbled through equipment hire company Vp’s past annual [...]
A bargain, however you calculate it
A classic net-net This is the reason to hold Titon: The market has given up any prospect of recovery. The share price values its assets at 30% less than my [...]
Recovery postponed at Titon
Bad news in perspective Diminutive window latch and ventilator manufacturer/distributor Titon made a far from titanic £5,000 operating profit in 2011. Courtesy of interest and a tax credit, net profit [...]
Vp: not as silly as it sounds
It all started with a vibrating roller Not often you can say that about a company, is it? The ‘V’ in Vp is for ‘Vibrating’ and, fortunately, this story gets [...]
Greene is not King
Note to self: don’t just check. Think! I must have been drunk on Monday. Drunk on the idea of adding brewer, pub and restaurant chain Greene King to the portfolio. [...]
Games Workshop in two minutes
A two minute monologue What it does: model soldiers Games Workshop designs, manufactures, wholesales and retails war gaming miniatures, scenarios, craft materials, books and magazines for its Warhammer, Warhammer 40,000 [...]
A pleasant St Ives
And a bad memory Just on a whim really, I calculated the median values for some of my favourite financial statistics and then screened the entire market for for companies [...]
Too late…
Armour post-mortem I don’t enjoy picking over the bones of a failed trade, but it’s important to learn lessons. A 70% loss on consumer electronics company Armour goes back to [...]
Too little…
Armour exits the Thrifty 30 Armour was a company I should never have added to the Thrifty 30 but before the recriminations start, I need to do the deed: Eject [...]
