By Alan Watson - A Shareworld Contributor
Alan Watson's Profile
After obtaining a degree in accountancy in 1973 I moved from Edinburgh to London and joined a firm of stockbrokers located in the centre of the Square Mile.
When it was discovered that I "knew about company accounts" I was given the task of writing their weekly newsletter which was sent to private investors. And so began my newsletter writing career.
Not long afterwards the firm went into liquidation - there was no obvious connection between these two events. I was, however, offered a job by another stockbroker to create and run a research department. This was the beginning of a twelve year period when I learned how to speak to, and analyse companies, deal with new issues and fund-raising and write research aimed at private investors. I was also involved in directly advising individual investors. Another move found me in a somewhat larger firm where, for 9 years, I advised clients and wrote two monthly newsletters, one of which was for "execution only" clients. I.e. those not directly advised by the firm.
During this period I was retained to write Hargeaves Lansdown's "Penny Share Prophet". After that I moved out of London to join a firm in East Sussex and continue to write PSP. You know, it's rather nice to be able to drive to work.
IMPORTANT INVESTMENT NOTES
Eavesdropper is provided solely to enable sophisticated investors to make their own investment decisions. It may not be suitable for everyone and should not be seen as personal recommendation to invest. If you have any doubts as to suitability contact an investment advisor for advice.
Past performance is not an indication of future performance. These investments are intended as long term investments. Their value and the income from them can fall as well as rise and you may get back less than you originally invested. All yields are variable and neither income nor capital are guaranteed. The shares of companies with significant overseas profits could be significantly affected by currency movements. There may be only one market maker for some of the shares profiled in Eavesdropper.
AIM shares, which cannot be held in an ISA, and Penny Shares carry a higher degree of risk of losing money than other UK shares. They may be hard to deal in and there is frequently a large difference between the buying and selling price of these shares. If they have to be sold immediately you may get back much less than you paid for them. Their prices may change quickly and it may be difficult to obtain reliable information about their value and ot the extent of the risks to which they are exposed.
All price objectives and estimated figures are estimates and are not guaranteed. Income and capital gains derived from shares are liable to taxation, the basis and levels of which are subject to change. Unless stated otherwise, all prices are mid prices.