Interview with Share Plc (SHRE)

This is an exclusive interview with Richard Stone (CEO) and Mike Birkett (CFO) of Share plc.

It should be of particular interest to anyone who has been following the collapse of Beaufort Securities, as it has been announced that most of Beaufort’s accounts are due to be transferred to The Share Centre at the end of September.

I separately covered Share’s interim results on Stockopedia last week, so you can also head over there to read my analysis of the company’s performance.

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What do I own?

I feel that recent editions of the Small Cap Value Report I have written for Stockopedia have been weighted quite heavily toward criticism of bad companies.

This is inevitable sometimes, when writing a daily report. It can’t be helped if most companies reporting on particular day are just plain bad or overvalued. But I don’t want to come across as overly negative.

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Interview with Scott Maybury, CEO of PCF Bank (PCF)

This is an interview I conducted last week with Scott Maybury, CEO of PCF Bank (PCF).

At the time of publishing this, I own PCF shares in my personal portfolio. I think it’s a compelling story: an experienced lender which secured a banking licence for the first time in 2017. I started buying shares in it about six months ago, at various prices c. 26p-28p

PCF’s banking licence means that it can rapidly grow its lending portfolio and replace its wholesale debt funding with much cheaper retail deposits. In other words, it has the opportunity to create a much bigger and more profitable business.

Many thanks to Scott for taking the time to answer my questions.

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Financial Statements Seminar: September 22nd, 2018

I’m delighted to announce that my next Financial Statements Seminar will take place on Saturday 22nd September 2018, at the same high-quality venue in Central London as before (beside Holborn tube station).

Places will be strictly limited to 10 participants for this exclusive, all-day event. The package includes lunch served at the venue for all attendees.

This seminar is suitable for investors seeking to brush up or improve their understanding of financial statements: income statement, balance sheet, cash flow statement, plus all of the most important metrics that investors can derive from them. The format is interactive with challenging exercises, brainteasers and group discussions throughout the day.

Previous participants at this event have offered these testimonials:

I just wanted to write and say thank you for an extremely informative and enjoyable day. It was fantastic value for money and I learnt a lot of new skills which will help me become a smarter investor. – Jonathan, Sheffield.

I found the course on Saturday very enlightening. It filled a gap for me, as I’ve never had the knowledge or the inclination to really analyse a company’s accounts from an investment perspective. I think I now have the tools to help me go a bit deeper into the accounts and understand more about what the numbers say about the business. – Mark, London.

I found Graham’s course an ideal way to refresh and strengthen my knowledge of financial statements and valuation metrics. While the course only takes a day, the course material provides a well-structured framework for subsequent study, and Graham is happy to answer questions by email in the weeks after the course ends. Recommended. – AW, London.

The next seminar will include an additional hour of material along with a four-course meal for lunch, to ensure that everyone has plenty of fuel for the afternoon sessions. The venue also provides free tea, coffee and snacks throughout the day.

Tickets are currently for sale and can be booked immediately, while there is still availability.

Term and conditions can be read at this link.

To book your ticket, simply click here or use the button below:

Capital Gains Tax: One more reason to invest for the long-term

In this short blog post, I’m going to give you one more reason to invest for the long-term: to avoid taxes.

This is not an original idea of mine. Indeed, it’s widely known and has been for a long time. But it’s so important, I want to write it down in my own words here.

Also, if you are investing in an ISA or some other CGT-exempt account, then this concept is perhaps less relevant for you. This concept is relevant for everyone who is liable to pay capital gains taxes (CGT).

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