Philip Hutchinson commented on the post, National Cinemedia (NCMI) 6 years ago
Andre,
Thanks. This looks very interesting. It seems ridiculously cheap on a leveraged basis. I would definitely be interested in a write-up. Financial risk seems the obvious risk to focus on here.
Regards,
Phil
Philip Hutchinson commented on the post, AA PLC (LSE:AA) 6 years, 2 months ago
Kevin,
I’ve looked at the AA too. Not really recently – I think it was a couple of years ago, maybe longer actually. And I couldn’t get comfortable enough with the business (well, really, the financing […]
Philip Hutchinson commented on the post, NIC (EGOV): Loses Its Biggest Customer (Texas) – Stock Drops 20% Instantly 6 years, 3 months ago
Geoff,
Certainly an interesting development. It’s quite difficult to weigh up the loss of Texas on the one hand, versus the big decline in the stock price.
There were a couple of things in the earnings call […]
Philip Hutchinson commented on the post, NIC (EGOV): A Far Above Average Business at an Utterly Average Price 6 years, 3 months ago
Geoff,
Thanks. That’s very clear and, I think, is consistent with what is said in NIC’s filings (though of course they don’t spell it out like you did).
I said I’d had a couple of other thoughts, and I’ll […]
Philip Hutchinson commented on the post, Young and Co's Brewery PLC 6 years, 3 months ago
Hi Stephen,
Thanks for the comment. Yes, I agree about the importance of location for pubs for exactly the reason you state. Youngs’ management have said in the past that their London centric estate is an […]
Philip Hutchinson commented on the post, NIC (EGOV): A Far Above Average Business at an Utterly Average Price 6 years, 3 months ago
Hi Geoff,
Good article. NIC definitely looks like the kind of business I like to own, and at a price that looks very reasonable in today’s market, and in fact pretty reasonable full stop. It’s now at the top of […]
Philip Hutchinson commented on the post, Safestyle UK PLC (LSE:SFE) 6 years, 4 months ago
Hi Kevin,
Do you have any further views on this company following the trading update where they warned on profits?
Obviously the shares are about 15% cheaper than they were before the trading update but it […]
Philip Hutchinson wrote a new post 6 years, 4 months ago
I recently mentioned, commenting on Jayden Preston’s excellent post analysing the Cheesecake Factory, one of my holdings, Young and Co’s Brewery PLC (“Young’s”). I thought it would be interesting to do a write-up […]
Philip Hutchinson commented on the post, The Cheesecake Factory (CAKE) 6 years, 4 months ago
Jayden,
Great post. You set out a very convincing investment case, my only difficulty (which is personal to me) is that I’m a UK resident and I am wary of investing in consumer driven companies in countries […]