Whatevertheofficialstatisticstellus,businessseemstobeprettygoodatthemoment。

Unemploymentmaybehighandthebanksmaynotbelending,butbusinesseslargeandsmallhavehadtimetoadjusttotheeconomicdownturnandarenowforgingahead。

AsIdiscoveredattheshow,thisisevenhappeninginthehousingmarket。

Buildershavecometotermswiththepricingenvironment。

Theyhavesettheirbudgetsattheappropriatelevel。

Nowtheyarestartingtobuylandagain。

ThatwasthemessagefromInland(INL),acompanythatbuysbrownfieldsitesandtakesthemthroughthenightmarishacquisitionofplanningpermission

Fivepennysharestarstowatch

InlandsStephenWickswasjustoneofseveralcompanybossestogivemeapositivesteer。

HereareafewothertitbitsthatIpickedup。

Cinpart(LSE:CINP):Thismanufacturerofenergy-savingdevicesthatregulatethevoltagepassingintoabuildingislookingtomoveintotheUnitedStates。

Itmayneedtoraisemoremoneytofinanceitsgrowth,butwiththesupportofitsUKmarketingpartner,ScottishSouthern,thisshouldnotbeaproblem。

AlliancePharma(LSE:APH):TheintegrationoftherecentlyacquiredportfolioofdrugsfromCambridgeLaboratorieshasgonewellandthebusinessisgoingunbelievablywell,saysthemanagement。

AlliancewassingledoutforcommendationbyNigelWray–oneoftheUKsmostsuccessfulsmallcompanyinvestors。

WraydrewattentiontoAllianceslowprice/earningsratio,powerfulcashflowandlongevityofthedrugsthatAlliancesellstotheNHS。

Itislikecollectingrentfor40years,heexplained。

BelmoreResources(BEL):Belmore,whosesharesaretradedonPLUSmarkets,hasa100%interestintenmininglicencesinIrelandsCountyClare。

In2008itdiscoveredahigh-gradeleadandzincresourceneartheoldKilbrickenSilverMine。

Lastyear,itstruckadealwithCanadasLundinMiningCorporation。

Byspending€14。

7m,Lundincanacquiretherighttoearnuptoa70%interestinBelmoreslicencesandnowhasfourdrillingrigsontheprospect。

Resultsshouldbecomingthroughinthenextfewmonths。

ThemessagefromBelmoresmanagingdirector,PatrickMahoney,waswatchthisspace。

SymphonyEnvironmental(LSE:SYM):Thismanufacturerofoxo-degradableplastic–plasticthatsimplyvanisheswhenexposedtooxygen–seemstohaveovercomescepticismaboutitstechnologyandisnowpoweringahead。

Withdistributorscoveringtheglobalmap,Symphonyisenjoyingarapidriseinsales。

Itislookingtoexpandtheuseofitsplasticadditivefromthestaplesupermarketcarrierbagorrefusebagtothewholerangeofplasticpackaging。

AlloftheworldsleadingconsumerbusinessesareunderpressuretorespecttheenvironmentandSymphonyisattractingtheattentionofsomeofthebiggestnames。

AnalystsatAllenbyCapitalexpectprofitstodoublethisyear。

ForbiddenTechnolgies(LSE:FBT):MostbullishofallwasStephenStreater,founderofForbiddenTechnologies。

StreaterhasalreadymadeonefortuneoutofvideogamesconsolemakerEidos。

Hehasnowembarkeduponasecondstockmarketventure。

Forbiddenisdevelopingmethodsofeditingvideosovertheinternet。

Streatergavemeademonstrationofthetechnology。

Heclearlybelievesthatthissystemisaheadofanycompetitionandcouldbeverywidelyadopted。

Astotheshareprice,thisiscurrentlyjust16p,butStreaterdescribedascenarioinwhichitcouldreach£100!

Howyoucanbecomeamasterinvestor

Sotheshowleftmewithplentytoreflectuponandtofollowup。

Itservedasausefulreminderthatwhilepoliticianscomeandgo,businessadaptsandmoveson。

Thevariousspeakersalsoofferedsomeveryusefulwisdomwhichcouldhelpyoutomastertheartofinvestment…



Payattentiontoearningsandcashflow。



Bewarecorporatearrogance。



Backcompanieswherethedirectorshavesubstantialshareholdings。



Greatrewardscomefromtakingrisklittleacornswillbecomeoaks。



Andperhapsthemostsignificantofall,donotunderestimatetheimportanceofcompoundinterest。

Dontforgetthataseeminglymodestreturnof10%ayearturns£1000into£2600overtenyearsandnearly£6,700over20years。

Youdontneedtobegreedy。

Solongasyoudoalittleresearch,backgoodcompanies–andpersevere,youcanexpecttobeaprettysatisfiedinvestor。

Thisarticle



waswrittenbyTomBulford,andistakenfromhisfreetwice-weeklyemail