Richard Beddard

Richard is companies editor of Interactive Investor and a columnist at Money Observer magazine. A keen private investor through his Self Invested Personal Pension, he manages two virtual portfolios. The Share Sleuth portfolio is a hand-picked collection of mostly small-cap value shares, while the Nifty Thrifty is a mechanical portfolio designed to pick large, successful companies at cheap prices.

ITE exhibits value potential

 News of Global recession reaches Urumqi
  

Investors have been reappraising ITE’s growth prospects by the look of its chart, which isn’t surprising since it’s about as dependent on the global economy as a business could be.
ITE (ITE) organises international trade exhibitions and conferences in Eas

Chilled about Uniq

Was it all worth it?

One of the little bits ‘n pieces that clutter my writing month is the Share Snapshot that sits amid a mass of data near the rear of Money Observer. The editor gives me a list of the shares that moved most in price over the previous month.

Fountains (FNT)

No sign of the green shoots of recovery
I’m looking at Fountains (FNT) with flagging enthusiasm, which is a shame because it’s a worthy company. It’s been going around since the 1950’s busily tidying up our environment; picking up litter, removing graffiti, maintaining street  lights, cleaning toilets, and looking after playgrounds, forests and maybe even the odd fountain. Now it’s painting canal locks and catching rats.

Education Development International (EDD)

So far, so recession proof
Here’s a rarity, a company beating expectations that were positive anyway.

Electronic Data Processing (EDP)

Don’t judge a company by its PE ratio alone

At first glance, Electronic Data Processing (EDP) doesn’t have much to offer a value investor. The share price resembles a comatose patient briefly awakened during the technology bubble and its erratic earnings record and apparently high price (its long-term price earnings ratio is nearly 22) might suggest erratic and relatively low returns in future.  

‘V’ is for Victrex

And ‘P’ is for pick of the week

This week’s pick of the week is Victrex (VCT), the world’s leadin manufacturer of polyketones, specifically Victrex PEEK polymer.

If investing really were about buying what you know, then this company would be about as far down my watch list as a pair of underpants on a Christmas list, but I prefer to stretch that limitation – buying what I know – to buying what I can learn about.

This week’s shares: United Drug, Sage and Europa Oil & Gas

Prospecting for oil in Reigate

Europa Oil & Gas (EOG)
We’re getting used to companies divining oil in the deepest, furthest and most inaccessible of places so it’s with a chuckle I turn to Europa and its wells or prospective wells in Lincolnshire and near Reigate (among others).

Europa’s auditor is not the first I’ve seen to sign off a company’s accounts while seeking to draw people’s attention to potential funding problems1.

The rest of this week’s shares: easyJet, Intec, Ransom

Horny goat weed not doing it for me, yet

easyJet (EZJ)
Despite news today that easyJet is nicking passengers from weaker and more expensive rivals in a kind of flight away from quality, I’m a bit surprised by investors’ enthusiasm for the budget airline.

Maybe there’s still a cachet to owning shares in an airli

Some of this week’s shares: Carluccio’s and DMGT

Two stocks in the buy-zone

Here’s part one*1 of this week’s lightning review of companies that have:

  1. recently published their annual reports,
  2. long, profitable records, and...
  3. relatively low share prices in relation to those profits

Carluccio’s (CARL)
To get a flavour of Carluccio’s watch iBall, last June it took a playful look at the restaurant-cum-

Do WHA/T?

The ‘A’’s have it

Say you read February’s Share Sleuth article, the column I write for Money Observer magazine, which will be on Dewhurst. You like the sound of the company. You do your own research. You still like the sound of the company. Which shares do you buy?

Dewhurst is one of, I believe, a diminishing band of companies with more than one class of share. It has ordinary shares, and it has non-voting ‘A’ ordinaries.

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