Ben

@mr_deepvalue 3x FCF? OCF is like 30m? It's cheap but not quite as cheap as you're implying? EV at 150 would put it around 5x OCF

This one is now up to read. One of the most compelling deep-value set ups I've seen this year. Link in bio.

UK value investor looking for a group to discuss stocks? Online monthly group starting in a few weeks. A few spaces left. Join below or reach out for more info

@CasinoCapital Feels like fiscal measures and money supply are just so much more dominant these days that the rate levers aren''t what they used to be though

I'm glad the Bank of England is turning hawkish. Literally everything has been going up 5-7% a year for half a decade. Volcker-it.

@tristanwaine Does feel a bit like another excuse. Albeit I've not cross referenced it with other company releases

Went to top-up a little Rockwood on the dip. Now waiting for authorisation after taking a quiz about Crypto ETFs and levered inverse products..

@LionheartInves1 Orch on LSE. 0.6 NVAC, Forward PE of 3

What's new here, people? Any new net nets out there u wanna share?

I am launching a new monthly value investing group through the SIGnet network. If this sounds interesting to you, drop me a message or sign-up through SIGnet. See details:

@ketchupshares Cancelling the buybacks annoyed me with this one

$TST.L A lot of insider buys recently and CEO acquiring 4% of the company within 2 months. Interesting..

I think my number where I'd consider overpayment is about 8%. At that point "a bird in the hand" feels applicable Below 4% I continue to remortgage to the max length/age (as I do now).

Anecdotal but... handful of wife's colleagues now coming off the fat jabs and are reverting to old ways; putting weight back on.. Cycle lows.. Long Greggs, Diageo and Jacamo

@DeepValueStonks I've found Koyfin to be better than Tikr

Is a TIKR subscription still worth it? Sadly, QuickFS is closing down and I'm looking for a good alternative. Thanks!

@mr_deepvalue I feel ya. Happened to me with Anexo, albeit I came out of it fairly well in the end. Orchard Finance is another that sunk drastically due to take-under risk; but it's going in the right direction now.

It really comes down to looking for healthy businesses that are being priced like they won't ever make money again, even though they are. It's probably the easiest bet to make, because a business 'not dying' is far easier to predict than 'growth' imo. Biggest red flag for me is probably any kind of concentrated ownership structure that allows the majority owner and/or management to delist at a rock-bottom price. This risk gets bigger and bigger the cheaper the stock becomes too. It's just an obvious temptation for any red-blooded capitalist. That's main money-losing scenario in the type of stocks I go for...

I enjoy going back through all the stocks I bought when I first started deep-value investing. Some of them are so dumb. It’s amazing the progress you make by just doing it and tweaking as you learn different lessons. Your results over time will improve. You will inevitably end up beating market averages (if you’re trying to improve and remain consistent). Even in my worst periods I still made excellent money thanks to the good ones I picked. The results just get better over time as you eliminate all the obviously stupid ideas…

@FirmReturns I think a basket of UK pubs might do well in general. Quite a few are appealing.

@Ben_ValueInvest Definitely similarities. I include Young's as a case study later in the report alongside several other comparable public and private companies.

New report on a profitable, cash flowing business trading at 0.39x book value and 0.31x its real NAV using updated property values. firmreturns.com/shepherd-neame…

@ReturnsJourney Has comfortably beat the market for over two decades, so I wouldn't bet against him. I'm following closely but I'm currently allergic to the US markets.

Ackman building a Berkshire, what's the value, anyone likes this?

Have recently been considering a basket of UK pub stocks but have honed in on one I like. This news is welcomed. Any strong views on the sector or individual names?

We shall see..

I've been fooled by many interesting charts over the years, but this one is intriguing; suggesting there's plenty left to go in the US bull market. A blow-off top still to come?