MS International (LSE:MSI) has a very strong balance sheet and decent profits history. But what about the relationship between the two? Given the large amount of net assets devoted to the operating business, does it generate a good rate of return on the money invested?
With a Warren Buffett-style investment I expect to hold “forever”. In the long run a share will not generate a good rate of return for the shareholder if the rate of return on assets used within the business is poor. We are looking for double-figure percentage return at the very least. Preferably high teens or twenties. Over a long period the rate of return on assets determines the rate of return on shares held. £’000s Year end April 2020 2019 2018 2017 2016 INCOME STATEMENT………………To read more subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1
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Glen ArnoldI'm a full-time investor running my portfolio. I invest other people's money into the same shares I hold under the Managed Portfolio Service at Henry Spain. Each of my client's individual accounts is invested in roughly the same proportions as my "Model Portfolio" for which we charge 1.2% + VAT per year. If you would like to join us contact Jackie.Tran@henryspain.co.uk investing is about making the right decisions, not many decisions.
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