The best time to invest in any high-quality company is when its prospects are at their bleakest. At this point its share price is likely to be so low that it provides tremendous scope for capital gain in a subsequent recovery. Certainly, a return to buoyant financial performance and previous share price highs is never guaranteed. But companies with sound balance sheets, solid market positions and clear long-term growth opportunities are extremely likely to fully recover as temporary industry-related challenges ultimately abate. Housebuilders such as Persimmon , for example, are currently experiencing a marked slowdown in demand for new homes. Its latest trading update, released earlier this month, showed that while sales averaged 0.69 per outlet per week for the full year, they slumped to just 0.3 per outlet per week in the final quarter of the year. Persimmon key facts • Market value: £4.4bn • Turnover (Dec 2021): £3.6bn • Pre-tax profits (Dec 2021): £967m • Yield (Dec 2021): 17pc • Most recent year’s dividend: 235p • Net debt (Dec 2021): £1.2bn net cash • Return on capital (Dec 2021): 22pc • Cash conversion ratio (Dec 2021): 82pc • p/e ratio (Dec 2021): 5.6 Expand to read more […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
