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  1. Graemsay

    Achieving wealth through shares...how?

    Since there was an interest in Tesco shares above, here's a comment from the BBC today: http://www.bbc.co.uk/news/business-17383241 Short version: The business is having problems in the UK, and the top man is taking direct control of this unit, along with his other responsibilities, in an...
  2. Graemsay

    Achieving wealth through shares...how?

    From the Age, a piece about Buffet and Tesco. http://www.theage.com.au/business/motley-fool/lessons-from-buffetts-latest-buy-20120124-1qfe0.html I agree with Intrinsic_Value that it's got a decent upside, but also that there are risks in turning around the company. (See the FT piece I...
  3. Graemsay

    Achieving wealth through shares...how?

    Incidentally, there's a post on the FT Alphaville blog about Tesco. The author suggests that they might actually have run into more serious problems with their business model. http://ftalphaville.ft.com/blog/2012/01/21/843651/the-ship-is-easier-to-salvage-than-the-supermarket/
  4. Graemsay

    Achieving wealth through shares...how?

    Evan, I'd agree that Tesco could be a good buy. The share price was down 25% or more when Buffet stepped in. The question is whether they're a company that's in trouble, or just suffering a cyclical problem due to the slow British economy. Buffet's probably betting on the latter. I'd agree...
  5. Graemsay

    Achieving wealth through shares...how?

    When I was over in China about three and a half years ago, I was very surprised to see my then girlfriend's family had a groceries from Tesco. I don't know how big the company is over there, but the fact it's got a foothold there suggests that there's room for expansion, particularly as the...
  6. Graemsay

    Achieving wealth through shares...how?

    Or spread your risk amongst a number of exploration companies. If you pick ten randomly then you might expect six to go under, three to break even, and one to generate sufficient returns to cover the costs of the other nine. I'm not sure if my numbers are correct, as that's the sort of...
  7. Graemsay

    Achieving wealth through shares...how?

    The first thing to bear in mind is that very, very few investment professionals can beat the stockmarket on a consistent basis. One set of statistics said that 20% of investors could achieve this in the short term, but only 5% in the long term. Another was more optimistic, pegging it at 20% over...
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