Should you follow the activists into Unilever?

The consumer goods giant faces a major turnaround, but may be being judged too harshly

Photo by CHUTTERSNAP

Readers of Investability will know that we’ve never been the biggest fans of Unilever, and it seems several long-term investors are losing patience, too, including Nick Train of Lindsell Train and Terry Smith of Fundsmith.

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Games Workshop: buy the dip?

Slowing growth has put pressure on the fantasy gaming company’s shares – but is the blip temporary?

Photo by Jack B

Something strange happened on Tuesday afternoon. At about 1.30pm, shares in Warhammer owner Games Workshop – which had released somewhat lacklustre half-year figures to the market earlier that morning to an initially muted reaction, suddenly nosedived from 97p, where they had hovered for several hours, to a low of 85p.

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Why I’m putting Biffa in the bin

Waste management is big business, but Biffa is looking too financially stretched to capitalise

Photo by John Cameron on Unsplash

I have been asked by one reader to talk rubbish – not the kind I usually do in my bulletins, but about the actual stuff we throw away and how that’s managed. It’s a subject I touched on a month or so ago, when the lorry driver shortage had made its way into the world of refuse collecting, and black sacks had started to pile up on some city streets.

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Can Smithson stand up to higher inflation?

Smithson is one of the best investment trusts for quality growth investors. But does its ownership of expensive shares leave it vulnerable to higher inflation?

Smithson has been in business since October 2018. It was set up to invest in global small and mid cap companies with market capitalisations of between £500m and £15 billion. In short, it is designed to invest in the kind of companies that its bigger brother Fundsmith cannot.

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Smart Metering Systems: An expensive looking share that could be cheap.

A cursory glance at its financial statements and valuation could put many investors off the shares. This might be a mistake.

Photo by Doris Morgan on Unsplash

If you look for companies with high returns on capital and strong free cash flows at a reasonable valuation then Smart Metering Systems(SMS) would probably not make it onto your shortlist.

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Cake Box: Leveraging the growth is key

Cake Box can continue to reward long-term investors if the future revenue potential can be leveraged.

Photo by Phinehas Adams on Unsplash

Franchise businesses can be very lucrative for both the franchisor and franchisee. As the franchisee picks up the bulk of the running costs and capital investment, the franchisor’s income stream tends to produce very rich margins, high returns on capital and strong free cash flow generation.

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Rightmove is a great business but what price should you pay for its shares?

Finding great businesses at a reasonable price is not easy. Phil takes a look at what makes Rightmove one of the best businesses on the London market and offers some thoughts on what price represents a good buying level for its shares.

Photo by Matt Seymour on Unsplash

Finding great businesses at a great price is what many investors dream of and spend their days searching for. The first part of this challenge is easier to spot. Paying the right price is more of an art and is usually only something that you know you have done with the benefit of hindsight.

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