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Harvesters target Unilever
The merger of Kraft and Heinz was the combination of two processed foods groups that were nearing the end of the road in terms of organic revenue growth and cost savings. In a world of sub-normal carrying costs for debt and over $1.5bn of additional cost synergies from merging the groups, their PE owners were […]
Continue readingGoldman’s next 25 sigma event may be blamed on Skynet
Goldman have reportedly replaced 600 traders with 200 computer engineers since 2000. The ratio however, doesn’t look very efficient, so presumably they’re working on other projects such as AI, although once this is developed there may not be too much demand then for Javascript developers either. https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-masters-of-the-universe-are-threatened/ Hopefully, the programming and models will be […]
Continue readingValue traps and opportunities and how to spot them
With a relative lull today in the results deluge, I thought it might be interesting to review how some of last week’s stack up, but from a GrowthRating perspective. As we’ve all had to wade thru far to much verbiage, I’ve kept it simple with some annotated charts and only a very few words. The […]
Continue readingGrowthRater portfolio: Closing long position in IAG for +33% gain in 6 months (+24% relative to FT Allshare)
Having added IAG Plc (IAG_L) to the GrowthRater portfolio in those dark days post the Brexit vote I am now closing the position and taking my gains. With an entry price of 359p and exit price of 476p, that represents a gain of approx +33% over the six months. Over the same period the FT […]
Continue readingJanuary beat for US non-farm payrolls – or did they?
Don’t you just love it? Every month the financial community analyses the eagerly awaited US non-farm payroll numbers and impresses us all with their reading of the state of the economy and the next potential move in interest rates and therefore life as we know it. Of course for particularly sophisticated algo funds all this […]
Continue readingGrowthRater model portfolio additions – Apple (aapl), PayPal (pypl) and Paddy Power Betfair (ppb_l)
I am adding 3 stocks this morningto the GrowthRater model portfolio Apple, Inc (aapl) at $121.4 per share PayPal, Inc (pypl) at $39.8 per share Paddy Power Betfair (ppb_l) at 8,380p per share Apple, inc (aapl): Added at $121.4 (close) PayPal, inc (pypl): Added at $39.8 (close) Paddy PowerBetfair Plc (ppb_l): Added […]
Continue readingAlphabet to recognise stock compensation as an expense – only a decade late!
It’s good to see Alphabet (Google) take the accounting high ground and finally concede what should be obvious; that stock compensation is a “real cost of running our business” and henceforth will be expensed as such within its ‘adjusted’ earnings analysis. As such, the group is bringing its ‘adjusted’ earnings in line with those already […]
Continue readingMarks & Spencer – remaining in the GrowthRater portfolio, but what about the other two?
Marks & Spencer: getting closer to delivering the growth being priced into the stock, with speculative bid/mgt recovery thrown in for free! I added this stock it to my portfolio last summer and the stabilisation in revenues, particularly in Clothing & Home in Thursday’s (12 Jan 2017) Q3 sales IMS continues to support that decision. […]
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