Richard Beddard's blog

Cohort AGM: Back on mission

Defence technology company Cohort floated in 2006 with the intention of completing one acquisition a year. For a while things went quiet, but it’s resumed its acquisitive mission.

FW Thorpe: Tripping the light fantastic

Lighting fixture manufacture FW Thorpe is the archetypal stalwart, always, in its own words, trying “to do better than last year”. Never taking ill-considered risks.

Games Workshop AGM: A relentless profit machine

Games Workshop is casting itself as a relentless profit making machine. Customers, staff, and investors who don’t like it better get out of the way.

Ricardo: Good for another 100 years

One hundred years after Ricardo was founded, its business is as relevant as ever.

Working out how profitable a company is

For long-term investors in relatively stable companies, profitability is probably the most important financial statistic. The better the measure, the better we will be at finding profitable companies.

Getting the numbers you need from the horse’s mouth

To get closer to understanding companies, we need to get to grips with their financial statements.

Dart: Silent activist says much about airline

Activist investor Crystal Amber claims to have uncovered hidden value in Dart. Its filings tell all.

Games Workshop: Testing the goose killing theory

Games Workshop has built a global business selling models inspired by its fantasy wargame, Warhammer, but does the game matter?

Alumasc: A plan coming together

More focus and higher levels of construction activity are driving niche building products group Alumasc’s recovery.

Dart: Shock and awe

At Dart’s AGM, the airline, package tour operator and haulage business delighted shareholders. But ambition comes at a cost.

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