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Simon Thompson

Take time out to consider Oakley Shares in the cash-rich private equity group are priced on a thumping discount to book value, and unjustifiably so ...

25 April 2016

Simon Thompson

About Simon Thompson

Winning stock and trading ideas from the creator of the Bargain Portfolio

Recent articles

  1. Hitting target prices

    Hitting target prices

    21 April 2016

    Our small cap stock picker has had an active first 16 weeks of this year and offers his latest advice.

    There is a lot to like here, and I wasn’t the only one impressed as the bottom end of my target range was reached early this week, so some of you should be sitting on 50 per cent plus paper profits on your investment in just four weeks.

  2. Scaling up for profitability

    Scaling up for profitability

    20 April 2016

    Shares in a specialist asset manager are heavily asset backed and its experienced management team is worth backing too.

    The bottom line is that the company has rock solid asset backing through property assets worth almost £11m including the cash due from the Royal Mail sorting office in Edinburgh; deferred consideration from Persimmon of £5.9m which is in effect being released through the Kleinwort banking facility; listed shares worth £5.9m; and investments in cemeteries worth £620,000. It also had net funds of £890,000 at the end of 2015.

  3. Top end performance

    Top end performance

    20 April 2016

    A small cap manufacturer and distributor of industrial fastenings hits the top-end of earnings estimates.

    Another point worth noting is that I reckon the company should have ended the financial year with net debt just above £17m, implying balance sheet gearing of 23 per cent, so has substantial firepower to make further earnings enhancing bolt-on acquisitions as and when the right ones are identified.

  4. Pointing towards a successful outcome

    Pointing towards a successful outcome

    19 April 2016

    Shares in a little known Aim-traded investment company could prove a profitable investment.

    The bottom line is that I feel that it’s worth buying the shares now around the 38p level in advance of the third party appraisers releasing their report later this month. If their valuation comes anywhere close to the $95m valuation placed on the 2.3 per cent stake in Invenergy, then the shares could easily soar to 50p, or beyond. From my lens at least, the investment risk looks skewed to the upside.

  5. Amino ripe for re-rating

    Amino ripe for re-rating

    19 April 2016

    Shares in a set-top box designer look near the end of a multi-month consolidation and primed for a higher rating.

    The shares are rated on little over 11 times forecast earnings, and offer a 5.5 per cent prospective dividend yield. The equity is only being valued on 1.7 times book value, too, hardly an exacting valuation for a company capable of generating a post-tax return on equity of 14.5 per cent in the current financial year.

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