Analysis of Royal Mail

Royal Mail, a British mail and parcel distribution company

Company: the Royal Mail PLC


Business: A British mail and parcel delivery company. They are divided into three segments: Royal Mail Group (the collection and delivery of mails and parcels), Parcelforce Worldwide (business express parcel delivery) and the third one is General Logistics Systems (GLS, parcel pickup and delivery in Europe).

Active: Primary focus is the UK and Europe. Mail reach world wide as well as parcel but their core activity is within 27 countries in Europe.

P/E: 17.2

Fighting against private health insurance companies

Fighting, insurance, health

This will be a very short little text because I have very little time today but there are things that should be mentioned.

That I have very little time at the moment comes from a large order from a customer to my company so that is great news. As always there is then plenty of time pressure and to sell custom made products are on its own already difficult. But still when I have to work hard for 2-3 weeks to make a sale that can pay my salary for a bit over 3 months then it is worth it to work nights and weekends.

In the last three months I have been fighting against my private health insurance company since they all of a sudden arrived from the blue and wanted to have an extra payment from me in the size of 213 €. This extra payment that they want to have from me was due to four months back in 2011.

Strong progress means show and tell

Bull, stocks, market, depression, autumn

As I mentioned in Change of plans the new project was to bring all the analysed companies into one large document.

I have still not finished my work with the All company analysis list but I find that it starts to be pretty ok so I have opened it up for all of you to look at.

The concept of the list is still the same with a formula that calculates the motivated price to earnings value based on mainly their yearly revenue growth rate. When you look at the list then please, please, please be very observant regarding the date of the analysis. In many cases there can be one or even more annual reports in between which makes the current calculated P/E values etc slightly wrong. The good part of this is that you can then only request a new analysis of me and I will do it as soon as I find the time.

IBM report Q3 2014

IBM, Q3, 2014, report, SEC, front page

The share price dropped with almost -10% for IBM upon, not due the release of their Q3 report, but based on their webcast. Still now, when I am writing this, the Q3 report is still not available online and I have therefore gone to the SEC data base to extract the number. This makes me very annoyed! The quick drop in the share price due to earnings not living up to the analysts expectations I can live with but to not publish the report online when everything else is already out just makes me mad!

The boredom of silent periods

foggy, investment, strategy, contrarian, value investing

Even though I am a huge supporter of yearly reports instead of quarter reports I tend to find it very boring when there are no news arriving from my companies as it is right now. Well, Intel arrived with their report so that was the starting point of the other reports to arrive but still. I was starting to get bored.

Is it then good or bad when no news are heard concerning the companies?

Analysis of Piramal

Piramal, an Indian pharmaceuticals company

Company: Piramal

ISIN INE140A01024 | A0DQEJ

Business: An Indian mainly pharmaceutical company that before the 1980s was a textile company. They stand on four pillars today: Piramal Enterprises with (piramal healthcare, piramal life sciences, piramal capital, and the decision resources group), Piramal Glass (creating all kind of good looking glass containers for perfumes etc.), Piramal Realty (they have started to step into real estate) anf finally Piramal Foundation (social project to improve life in India).

Active: Their self developed pharmaceuticals are being sold in over 100 countries which gives them world wide presence.

P/E: -26.8

Comment: Approximately once per year I go to India for business and I was just not invited for going there in March. This caused me to take a look at some of the companies in Indian and from the screener Piramal looked very interesting. The result was not as interesting though.... The common shares have no voting power and the voting power shares seem to be held very tightly by the Piramal family. I almost get the feeling that when they get bored they start to invest in new things and maybe one should look more upon the Piramal Group as an investment company than anything else.

Change of plans

An old coffee ad to enhance the coffee consumption

As the picture so nicely puts it. Sleeping is overrated. I always find it horrible when I sit down and calculate how much of my life that I am just sleeping away. Sure, some people live a more exciting life when they sleep than reality so no wonder they want to sleep 10 to 12 hours per day but for a person like me that never remember any dreams those five to six and half hours are just a drag.

I know that my body needs it... at least as things are today but to find a more efficient solution would be a great invention that I would fully support.

Anyway, what are then those change of plans... well, it simply boils down to this. I have decided that I need to put not only the kicked out companies on a list but all of them. I will still keep the documents separated as I have them now and I will just add one more list that is not called kicked out but it will be the one file to serve them all, one file to rule them all and one file to well... take a look at every now and then. It will then also become easier to see if a company will get interesting again and I can look at that list and be less dependent on people informing me and giving me a heads up when a company starts to turn interesting.

Analysis of Kardex

Kardex, a Swiss storage and distributions company

Company: Kardex

ISIN CH0100837282 | WKN A0RMWK

Business: A Swiss storage and distribution company. The company have two business units: The first one is Kardexremstar (with Carousel and lift systems, Office solutions and Warehouse solutions ) and secondly Kardexmlog (with Storage and retrieval systems, Conveyor systems, Turnkey systems solutions and Material flow systems).

Active: They are present in over 30 countries which they claim to be world wide.

P/E: 8.0