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Shangha1

Shangha1
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  • Vale: Forget The Noise And Think Long Term [View article]
    Any comment on Vale chief executive Murilo Ferreira becoming Chairman of Petrobras from the end of April and its effect on Vale? Will Ferreira continue as CEO of Vale?
    Mar 31, 2015. 03:21 PM | 1 Like Like |Link to Comment
  • Why You Should Avoid Nathan's Famous [View article]
    Had been planning to buy this until Nathan's management came up with this daft idea. Maybe there is more to this than meets the eye and management want to pay a sweetener to long term investors to deter them from selling out but will it??
    Mar 11, 2015. 08:15 AM | 1 Like Like |Link to Comment
  • One More Risk For Vodafone Longs: An M-Score Of -.28 [View article]
    Thank you for your reply.
    I am not an accountant but my thoughts on reading Beneish was whether the accounting standards eg assets used 20 years ago are still calculated in the same way today. If not, then is Beneish's research still valid?

    Also, as Vodaphone have pointed out, Beneish's research cannot be applied directly to UK companies because of the different accounting standards without making adjustments to take this into account. The following may be helpful which I have copied unedited:
    http://bit.ly/1Gf0Z2F

    UK(IFRS) and the US(GAAP) use different accounting standards - off the top of my head you're likely to have differences at least in the Receivables Index, Margin Index, Asset Quality index due to inventory and costing differences. For example LIFO isn't permitted under IFRS, which is going to affect COGS and Inventory. It doesn't mean it's unusable, you'll just have to make sure to convert the statements into a common form. I don't have experience using the M-Score, and I didn't read much past the factors, but I would hope they outline the standard accounting assumptions for each factor.
    Mar 8, 2015. 11:06 AM | Likes Like |Link to Comment
  • The Perfect Stock To Build A Retirement Portfolio Upon At Any Age [View article]
    Taking on debt to pay out a dividend is what deters me from buying Apple stock. Apple should have ignored Carl Icahn's proposal and treated it with the contempt it deserved
    Mar 8, 2015. 10:30 AM | Likes Like |Link to Comment
  • My Dividend Portfolio: Increasing My Starbucks Holding [View article]
    One point not mentioned is Starbucks is paying its dividend out of profit unlike companies such as Dominos in the US, Apple and more recently Nathan's which have raised debt to pay shareholders a dividend which makes these companies uninvestable as far as I am concerned.
    Mar 4, 2015. 01:52 PM | 1 Like Like |Link to Comment
  • Church Of Starbucks: Belief Required [View article]
    I have never seen anyone in China with a Starbucks mug full of cheap coffee but It is a great story :-) I have seen in one village a cafe called Sharbucks with a good copy of the Starbucks logo.
    Mar 1, 2015. 07:39 PM | Likes Like |Link to Comment
  • One More Risk For Vodafone Longs: An M-Score Of -.28 [View article]
    Please correct me if I am mistaken but the data being used is from the annual accounts which were approved by the AMG on 31 July 2014. Today is 1st March 2015 so this article is based on old data about a company which has since substantially changed.
    As it stands, I do not think the article has any academic value. Does Beneish's work have any value today is also a question to be asked?
    Mar 1, 2015. 07:08 PM | 2 Likes Like |Link to Comment
  • Are You Still Drooling Over Alibaba? [View article]
    The chart seems to be developing features typical of IPOs with the the excitement following the flotation driving the price northwards; subsequently followed by profit-taking by some investors and as the price falls other investors sell to avoid sitting on a loss making investment. If history repeats itself, it will certainly fall to 25% below the flotation price. Factor in, the points made in this article about stock being released over the next 12 months and Alibaba's unusual corporate structure, the stock is a sell.
    Mar 1, 2015. 06:17 PM | 2 Likes Like |Link to Comment
  • Lancashire Holdings: 9% Hot Pot Dividend Yield And Takeover Target [View article]
    Well I for one have bought into Lancashire twice. I like the company or more specifically the management and its staff whoum I have met. I regard it as one of those core investments to hold for 10, 20 years or forever. So I hope it is not taken over at a paltry price like Brit a few months after it was refloated on the LSE. How many other companies return 10% or thereabouts annually to their shareholders?
    Feb 20, 2015. 03:25 PM | 1 Like Like |Link to Comment
  • BP: Preparing For The Worse [View article]
    Well written article which covers the key points
    Feb 5, 2015. 11:56 AM | Likes Like |Link to Comment
  • Weeping And Wailing Over Greek Austerity [View article]
    So where did all the money go which was borrowed by previous Greek governments?
    Feb 2, 2015. 06:13 AM | 1 Like Like |Link to Comment
  • What's With Oil Companies And Their In-And-Out Games In Russia? [View article]
    The answer to the interesting question is the time scale of investors (not traders) and what happens after Putin goes - a subject which is never discussed
    Jan 30, 2015. 12:16 PM | Likes Like |Link to Comment
  • Sorry To Hear About Your Junk, Vlad. That's Gotta Hurt [View article]
    @rob62

    Wrong. The USA is a guarantor of Ukraine's independance
    Jan 27, 2015. 12:15 PM | Likes Like |Link to Comment
  • Starbucks: What Else You Need To Know Besides The Non-Routine Event? [View article]
    Good article by Xi Yang. One point I think worth adding is that SBUX stores outside USA only really serve coffee so there profit potential is often overlooked by analysts.
    Jan 23, 2015. 12:01 PM | 1 Like Like |Link to Comment
  • Tesco Dealt A (Fatal?) Blow [View article]
    I don't agree that price cutting will help Tesco's. The store has become increasingly unpopular by its tactics of creating oligopolies in many smaller towns by driving out competition through purchasing multiple sites which once opened, it does not maintain. Some towns have up to 4-5 stores. Mr Lewis needs to scythe the Tesco estate and focus on selling core products of a high quality like Lidl

    @ robsmurfy
    Please quote your source
    Dec 24, 2014. 10:03 AM | 1 Like Like |Link to Comment
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