Share Sleuth

What’s wrong with the City, and how to beat it

It’s the end of term. Time to take stock, and remember what Share Sleuth is all about.

Intangibles: When to include, and when to exclude

The decision whether to include or exclude intangible assets from financial ratios makes a huge difference to their values.

Newmark Security: Jam Today, and the day after tomorrow

Newmark’s exceptional results will not be repeated in 2016. Thereafter, there’s room for optimism..

Renishaw: Hidden champion

Renishaw’s results may be exceptional, but taking the longer-term view it’s a pretty exceptional company.

Games Workshop’s revenue problem

Games Workshop may not have convincingly raised revenue for over a decade. Why should we believe it’s going to from now?

Games Workshop: Inflection point

The modelling and fantasy wargaming company has changed the way it sells miniatures so it’s more profitable. The problem is, it’s selling less.

Colefax: Waiting on Europe

High end wallpaper and fabric designer Colefax continues to recover along with two of its three main geographical markets.

Goodwin: A verdict

Engineer Goodwin is a good company in difficult circumstances. Its future depends on how it copes with short and long-term challenges in the oil industry and manufacturing.

Ten questions for a long-term investing checklist

Checklists help you think more clearly., so you know when you’ve found what you’re looking for.

Goodwin: A tale of two halves

Profits from the oil industry have enriched Goodwin shareholders, but in the year to April 2015 they began to find out how an exemplary engineering company performs in less clement conditions.

The one question long-term investors must ask

Apart from valuation, long-term investors must satisfy themselves a company has a future.

Oil: It’s what you don’t know you don’t know that gets you

Low oil prices continue to take some surprising casualties.

Ferreting out the fat cats

In good years, bonuses allow executives to multiply their salaries. This company multiplies the multiple. Kerching!

Latchways: Hiring, not firing

Reflecting the wider debate about austerity or growth, Latchways is choosing to grow. Mind you, it wasn’t mired in debt to start with.

Dart: Bums on seats

Dart’s airline Jet2 is adept at filling planes. The financial complexities of the airline business are daunting though.

Solid State: Step-change

Fast growing Solid State’s valuation looks stretched to say the least. That’s because traders think they can see what’s coming.

Sprue Aegis: Be prepared for the backwash

Sprue Aegis tripled profit in the first-half of the year. Be prepared for the backwash.

Sepura: Putting walkie-talkie company on hold

Walkie talkie designer and supplier Sepura is going all out for growth. The imponderables are mounting up almost as quickly as expectations.

James Latham: Dull but worthy

The timber and panel importer may have penned one of the dullest preliminary results statements ever. That’s not a bad thing.

Embracing uncertainty

An incontrovertible truth about the future is that it is uncertain. Those of us who invest for the long-term must deal with that.

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