Category: Investing

Four shipping investment ideas

I recently read a presentation on Scorpio Tankers (NYSE:STNG) pitching the company as a potentially undervalued stock. Following research I have come across several other ideas that may be worth looking into. I pass them along for readers’ potential benefit. The original pitch for Scorpio went like this: Shipping industry is at bottom of cycle and …

10foot reading list

I was recently flattered to receive an email asking if I had a reading list that would help somebody who wanted to learn about investing.   I thought that I would tidy my emailed response up further and publish it for the benefit of all. With the caveat that I am not a professional investor and …

Despegar: Further thoughts

Following on from my recent post I have some further thoughts on Despegar (NYSE:DESP). The IPO The company was clearly IPO’d at precisely the right time. 53% holder Tiger Global sold four million shares at $26 in an IPO that I think was clearly overpriced. It may have been an interesting short for somebody that did …

Despegar: Thoughts so far

I don’t get a lot of time to research these days. After a month, I’m currently about halfway through researching one stock and I want to get some thoughts down on paper. My research is necessarily incomplete and I am writing this post from memory at an airport at 1am so do be aware there …

Donaco International: High risk, high reward?

With apologies to entrapped shareholders, I couldn’t help but laugh when I saw the recent Donaco International (ASX:DNA) AGM update. Trouble with Chinese gangsters, and one of the company’s larger shareholders and a former vendor of an asset Donaco bought, is threatening to cut off power and build a wall around Donaco’s largest asset! I also …

An update on Just Group plc

I recently posted to Twitter that I have been torched on my Just Group plc (LON: JUST) position so far: I recently pitched Just Group to a sophisticated investor with experience in complex financials and had the idea shot down pretty quickly (“too hard”). While that should serve as a warning to others considering investing here, …

The Titomic question

There is a Peter Lynch anecdote from the 80s (?) that goes something like “it’s better to buy shares in companies that benefit from the widget, instead of shares in the widget developer.” He gives the example of barcode scanning for supermarkets – while the barcode scanners themselves were a total revolution, the biggest beneficiaries …

Experience Co: Returns on capital

I received a couple of comments on yesterday’s post on Experience Co (ASX:EXP) regarding my estimate of an 8-10% ROIC. I thought I would provide justification as to why I selected the measure I did and also provide some alternative measures of returns on capital employed. How I calculated ROIC and why I selected that …

Purchase #13: Experience Co

I am not a professional investor and this is not a recommendation to buy or sell EXP or other securities. This post reflects my opinion only. Please always do your own research and read the full disclaimer at the bottom.  I’ve recently purchased shares in Experience Co Ltd (ASX: EXP), formerly Skydive The Beach.  Experience Co …

Updater Inc: Saved by the bell?

Disclaimer: This post reflects my personal opinion only. I am not a licensed investment adviser. I am not a professional investor. All readers should always do their own research and seek appropriate professional advice before making any investment decision. This post is not a recommendation to buy or sell any mentioned securities. My research into …