Monday 6th November 2023 Source: FT, “Hiromi Yamaji: The banker turned stock exchange boss rattling Japan’s listed companies“ Main takeaways: 1. JPX boss plans to create a published list of companies that have stated they will make improvements, on 15th Jan 2023. 2. 50% of stocks on the Japanese exchange (TSE) have a price toContinue reading “Head of Japanese exchange is trying to raise P/B ratios of TSE stocks”
Tag Archives: Investing
Buy ATVI? Heads I win, Tails I win?
Sunday 22nd January 2023 Thesis BUY Activision Blizzard (ATVI) shares for $75 in anticipation of Microsoft (MSFT) acquiring them for $95 in September 2023, after the likely approval by US, UK and EU competition committees. If successful, it returns 27% in 8 months, representing a 36% annualised rate of return. If the deal doesn’t goContinue reading “Buy ATVI? Heads I win, Tails I win?”
High returns mainly come from low P/E stocks… but it’s mainly because there are more of them
Thursday 5th January 2023 Over the past two decades, stocks with a price-to-earnings ratio of less than 30x have represented about 80% of all stocks with a market cap over $1bn. It is for this reason that about 80% of stocks that generate five-year compounded returns of over 10% have been stocks that started outContinue reading “High returns mainly come from low P/E stocks… but it’s mainly because there are more of them”
Why student housing BTLs remain a solid investment
Investment Thesis Double-digit growth in university students will likely continue to support increased demand for HMOs – homes of multiple occupation- in student cities. This combines with increased costs and regulations for HMO landlords, in addition with local council rules, limiting supply of student homes. Together these are likely to support continued 5%+ growth ratesContinue reading “Why student housing BTLs remain a solid investment”
Common stocks and Uncommon Profits, Philip A. Fisher
Buy the book on Amazon Filtering companies The ratio of “companies looked at” to “companies visited” was probably one in every forty or fifty. Its worth mentioning I believe it so impossible to get much benefit from a plant visit until a great deal of pertinent “scuttlebutt” work (primary research) has been done first. WhatContinue reading “Common stocks and Uncommon Profits, Philip A. Fisher”
How private equity firm Silver Lake used (needed) financial engineering, tough negotiating and luck to make a profit investing in a terrible business
Source: FT, Friday 5th Feb 2021 Having taken on $500m in senior debt during the pandemic from investors including Apollo Global, AMC Entertainment, the cinema operator, quickly found itself burning through $100m in cash per month with no-one going to movie theatres. In order to buy itself time, AMC embarked on a complex refinancing program,Continue reading “How private equity firm Silver Lake used (needed) financial engineering, tough negotiating and luck to make a profit investing in a terrible business”
The Equity Analyst 