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educational blogs |
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I’m not expecting this to be hugely lengthy and I am living on the edge by having no plan or anything, but hopefully I can stitch something together that is just about readable and might even make a smidgeon of sense.
Whilst creating that ‘Educational’ Blog about Consistency & Volatility the other day (scroll down on the Educational Blogs page and you should find it very quickly), I realised that after 7 years or something of bandying around the term ‘Quality Stocks’ I had never actually made any attempt to try to define that, and this Blog is obviously an attempt to fill the gap (is ‘bandying’ an actual word? The Spellcheck seems happy with it anyway……perhaps it is something to do with Groupies……)
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A few months ago I produced a series of Checklists to be used when Buying particular kinds of Stocks and then some while later it hit me that I ought to produce one for those very high risk, often loss-making, start-up type businesses on AIM that I avoid on the whole but occasionally I will buy into one. Before getting stuck into this particular one, here are Links to the other ones I produced – in fact this is the final one but it has Links to the others:
http://wheeliedealer.weebly.com/educational-blogs/normal-portfolio-buy-checklist-quality-at-a-fair-price-buffett-stock
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Often when I write a ‘Buy Rationale’ Blog about a particular Stock it is as part of the thorough research I need to do before buying a Stock and I find it helps me hugely in forcing me to follow a highly structured and robotic approach. However, in the case of Live Company Group LVCG which I bought recently, I have been reading about and following progress on this Company for a very long time and because it is very much an early-stage business, the amount of research that can sensibly be done is probably a lot less than for a well-established business anyway. Besides that I am very busy with other stuff at the moment and do not want to spend hours on writing this Blog so I will just focus on the key things that have made me buy into LVCG and what the key Risks are that I think any Investor in LVCG must weigh-up. I will also cover the Valuation case in some detail as I think it is very good value with a lot of potential for upgrades to the forecasts.
There was a discussion recently on Twitter about PCF Group and my mate Paul Hawkins mentioned that he had some notes on PCF and kindly he agreed to whizz them over to me so that Readers could share his findings and thoughts. A big THANK YOU to Paul for sharing this stuff and saving me a lot of time creating a Blog at a time when I am quite busy. It’s much appreciated.
Paul is a very knowledgeable and successful Investor and you can follow him on Twitter where he puts out a lot of useful stuff. His handle is @Hawkeye_74 Cheers, WD.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
You have probably noticed that this is Part 2 of the Blogs – if you have not read Part 1 yet you can find it here: http://wheeliedealer.weebly.com/educational-blogs/stock-idea-hotel-chocolat-hotc-part-1
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY
This is Part 1 of what might be 2 Blogs or it might be 3 !! Hopefully this will give Readers a good insight into what HOTC does and some important information like details about Directors, Strategy and the Risks that I have identified. In the next Part I intend to cover the Valuation aspects and suchlike which should complete the picture. Please note this is only touching on the information that is available and I suggest that Readers have a good look around the Company Website and also the latest Report & Accounts is worth reading. At the time of publishing Part 1 I do not have a Position in HOTC and there are no guarantees I will buy any Shares but it is certainly something that I think has excellent Long-term potential. There are plenty of images within this document so please click on them if you wish to see more details and in theory they should get bigger. Enjoy……..
If you have not had the dubious pleasure of reading the first part of this Blog Series, then you should be able to locate it at the following Link:
http://wheeliedealer.weebly.com/educational-blogs/what-i-look-for-when-reading-a-results-statement-part-1-of-3 Financial Strength Debt and Cash are arguably the most important Numbers you can find in the Headlines - and you would be amazed how often the Debt Number is conveniently not included. I have even had Results Statements in recent Days where I have found no mention of the Debt level in the first few bits of the Results Update and I have had to scroll and scroll and scroll right down to the actual ‘Financial Review’ bit to find any mention of Debt - and of course you can be 100% certain that if I have had to do this then the Debt Mountain is chunky and the Debt has probably increased (if the Debt had improved, you can guarantee they would be bragging about it up front !!).
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
I was going to Tweet out my thoughts about this but decided it might be better to just to do a small Blog on it and that way I could be more flowing in my scribbles and of course I can just Tweet out a Link anyway. On Tuesday 27th November 2018 I was at the excellent Mello Investor Show in Chiswick for the Afternoon and into the Evening and although I spent pretty much all my time socialising with various Twitter Mates and some Investors who I had not met before, I did have an intention to speak with FireAngel to try and understand what was really going on and if there was any hope here.
I realised that just one Checklist for the ‘WD40’ would not actually suit my needs - because I Invest in a range of Investment ‘Styles’ to ensure more Diversification. On this basis, I have decided to produce the following Checklists:
This is the Final Checklist and you can find the other ones at these Links:
What an unbelievable Heat Wave we are having - it’s just so nice being able to get out and about and enjoy it and having now finished my Compost Bin Project (it is such a relief to see the mess all straightened out after many Weeks) I am about to start on a New Project of tarting up my BMW Z3 which has got a few bits of dodgy Paint and I went to Halfords HFD last Week to pick up various essential items like Wet & Dry Paper, Primer, BMW Black Sapphire Metallic Topcoat, Lacquer and T-Cut Metallic etc. It must have caused a mini-boom in HFDs Revenues and Profits because I spent 50 Squids !!
Doing this kind of thing with Spray Paints out in the open air is really not easy and it is extremely difficult to get a decent Finish but I am not after ‘Concours’ condition and really it is more a case of doing a good enough job and the main driver is to stop Rust dead in its tracks and to keep the Car looking half-decent when looked at from a distance !! |
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