Summer doldrums are here again… A good time for a sanity check on your existing holdings, and some cash-raising? Perhaps time for a closer look at that long list of potential buys you’ve been meaning to revisit… Or, maybe most exciting, it’s time to find something new – there’s always plenty of interesting companies out there to find.
For example, the other night I randomly picked out about 30 London listed stocks to look at, and was amazed to find 3 interesting/high upside potential stocks…that I’d never even heard of before!
But, of course, many new ideas can be simply sourced from the financial & investing community. No harm in that, we’re all plagiarists – even the best investors happily admit to that! I encourage you to read, read & read – you never know where a ‘block-buster’ idea might turn up… And in that spirit, I’d like to invite readers to share their favourite investment:
– Should be accessible to the average reader – basically any company (or fund) listed on a developed market exchange (doesn’t exclude emerging market stocks if they’re listed in London/NYC, for example)
– Favourite‘s a flexible idea – might be the latest stock you bought, the most interesting/unusual, the cheapest, the least risky, the stock with the most upside potential, etc…
– You should have some skin in the game – please disclose what % of your portfolio is in this stock
– Stocks that can be bought & held for a few years are definitely preferable – so no ‘quick trades‘, or (specifically) event-driven ideas
I will be doing my own review/valuation of all stocks submitted. Remember, like most readers, I’m interested in great investments, not speculations… And I use a value perspective. This is not to suggest that I’m averse to a good growth story – I love ’em, I just don’t want to pay too much for them!
Presuming a decent response, I plan to do some interesting blog write-ups of the best stocks submitted. Who knows I may even confirm a new portfolio holding! This is not a competition, though. Picking new stocks is not just about choosing those with the highest upside potential – there are far more quantitative, and qualitative, factors that go into any final choice on a stock. [So any triple-or-bust stock submission is likely to prove unappealing…in fact, I just might do a post on the worst submissions too!] The real purpose here is to share some great new ideas with readers, and hopefully my valuations & perspective will prove useful also.
All due credit will be given, of course, for any highlighted stocks – anonymously, if you prefer. We can also discuss publishing your own stock write-up on Wexboy, alongside mine, if that’s of interest. btw I’m happy to wait for submissions to stack up (hopefully!) – so if you’re reading this post a month or two later, I’m definitely still interested, please send along your idea!
Please email your stock name, ticker, and % portfolio stake (plus write-up/link(s), if you wish) to wexboymail@yahoo.com – please tag the Subject line with Summer Doldrums & Your Stock’s Name.
I look forward to hearing from you. Cheers!
Wexboy 
It took a month but SPL finally moving today, up 15%.
There aren’t many shares less popular than SPL. This is my take on the current situation – everything in the public domain. No view on ideal allocation as it depends on your risk profile.
1. Approx 145p a share cash (80% rupee/20% sterling). Share price is 103.5p. Low burn rate at the moment so share price assumes they will waste this cash during the construction phase.
2. Final approval from Mumbai and construction starts hopefully before Christmas
3. Board including two brits with shipping pedigree (ABP Ports CEO is one!)
4. SKIL have done this before, which gives them an edge. Pipavav is listed on the Indian stockmarket. Nikhil Gandhi is very well connected. The new port project looks much less complicated – thus the quick construction.
5. Working 24/7, construction should be finished by end of 2013 and generating income
6. The nearest port is at 110% capacity so demand is clearly there locally. The new port can utlise much of this existing infrastructure.
7. When launched at 250p in 2010, some analysts gave a price target of 750p – has this investment case changed at all?
8. India has only 8% of India’s port capacity but both economies still growing so long term demand for port capacity looks obvious.
9. Indian government plan to spend $1 trillion on infrastructure from 2012-2017. No sign of this yet but perhaps we are on the right track to be looking at this area. As an aside, ERE looks an interesting play on this, despite their failed port project.
10. A free float of only 37%, so any good news and there is a chance of a very sharp rally as investors wake up to the distressed valuation and market makers are caught short of stock.
Thanks, Tina, I’ll take a look also!
So what did you think? The meeting to decide their fate is in 4 hours…..
Summer Doldrums: Big surge in page views yesterday, and readers’ stock idea emails are starting to pop in my inbox – keep ’em coming! Thks
TPOU in London looks cheap. 20% discount to NAV. Unlike mutual funds or closed end funds, it doesn’t really make sense for a hedge fund to trade at a discount to NAV, as long as it performs. For one thing, it has more leverage. Second, it should deliver market or above returns with fewer ups and downs, and TPOU certainly has fewer ups and downs, judging by the NAV range over the last few months. Plus, it’s a cheap way to buy Yahoo!, which looks to be setting up.
Great, thanks, outlawsloppyjoe
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