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Give Me Strength!

Stocks and Shares ISA , Choosing funds for ISA's, risk factors for funds etc
Investment strategy discussions not dealt with elsewhere.
simoan
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Re: Give Me Strength!

#437514

Postby simoan » August 26th, 2021, 9:36 am

Pendrainllwyn wrote:Thanks to an early redemption of a preferred equity position I was able to take a position in FRP Advisory today. It has a high ROE which I like but there isn't much liquidity in the stock so a relatively small position will do. Topped up a few other holdings too. Si, thanks again for the lead.

Pendrainllwyn

I wish you luck with it and trust you have done your own research :). I agree the profitability metrics look good but it has a very short listed history. It is one of the positions in my SIPP that I am looking to top-up on weakness in coming months although it does not currently qualify through the GMS screen. It is one I have scaled into slowly in the past 12 months because I am always suspicious of recent IPO's (it only listed in March 2020). The same applies to Fonix Mobile which listed in October 2020.

All the best, Si

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Re: Give Me Strength!

#437755

Postby Pendrainllwyn » August 27th, 2021, 9:42 am

Yes, rest assured, my usual research is complete. I too am wary of recently listed (especially smaller capitalised) stocks and add an additional valuation discount for that reason. It's another reason for taking a relatively small position. 78% of my UK portfolio is invested in more established names within the FTSE 350 but I believe it makes sense to invest in smaller companies and both FRP and FNX present a positive outlook and at their valuations I think they are worth investing in.

Pendrainllwyn

simoan
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Re: Give Me Strength!

#469976

Postby simoan » January 3rd, 2022, 4:54 pm

As a start to the New Year, please find below the latest output of the GMS screen as described in the original post for those who like me enjoy rummaging through the detritus of last year for new ideas! The screen is currently throwing up 32 companies with good long term quality metrics that have underperformed the FTSE All Share in the past 6 months, some significantly so. The table is ordered by proximity of the share price to its 52 week low.

BEWARE: some of these companies are likely to bark if you get too close, whilst others may be worthy of further research i.e. the recent underperformance is due to something temporary in nature as opposed to a business which is in structural decline. That's for you to decide. As an example Ashmore is exposed to emerging markets and the collapsing share price is related to a large exposure to Evergrande debt. Yes, that's the same Evergrande whose shares were suspended on the Hang Seng today. Happy Hunting!

Ticker | Name                             | Mkt Cap (£m) | RS 6m (%) | RS 3m (%) | RS 1m (%) | ROCE 5y Avg (%) | Op Mgn 5y Avg (%) | ROE 5y Avg (%) | CROIC (%) | Price vs 52w Low (%) | Yield Rolling 1y (%)
HL. | Hargreaves Lansdown | 6,427 | -17.45 | -8.39 | -0.12 | 69.46 | 64.43 | 62.51 | 226.16 | 4.92 | 3.34
ULVR | Unilever | 101,252 | -10.29 | -4.56 | 0.16 | 22.69 | 17.78 | 45.84 | 18.56 | 6.03 | 3.74
ASHM | Ashmore | 1,922 | -28.47 | -17.75 | -4.89 | 24.97 | 69.18 | 23.04 | 96.32 | 6.20 | 5.92
LSEG | London Stock Exchange | 38,614 | -14.79 | -10.58 | 0.43 | 11.12 | 30.91 | 11.70 | 16.98 | 6.58 | 1.48
BVXP | Bioventix | 177 | -16.85 | -17.80 | 0.82 | 63.02 | 76.98 | 55.58 | 102.14 | 6.58 | 3.53
ERM | Euromoney Institutional Investor | 1,011 | -13.98 | -18.74 | -7.07 | 11.08 | 19.11 | 9.55 | 10.34 | 6.65 | 2.46
SPSY | Spectra Systems | 61 | -10.93 | -6.09 | -5.31 | 12.92 | 27.00 | 14.00 | 28.35 | 7.14 | 5.08
POLY | Polymetal International | 6,211 | -20.39 | 2.64 | -5.92 | 22.70 | 36.05 | 38.50 | 17.32 | 7.32 | 8.34
SLP | Sylvania Platinum | 242 | -27.18 | -5.71 | -7.48 | 25.65 | 39.85 | 22.53 | 37.03 | 7.93 | 4.61
AJB | Aj Bell | 1,559 | -13.41 | -7.74 | -6.06 | 39.42 | 34.62 | 36.64 | 78.38 | 8.15 | 1.90
AAZ | Anglo Asian Mining | 129 | -21.98 | -16.51 | 1.93 | 16.30 | 25.34 | 12.89 | 26.76 | 8.17 | 0.00
BRBY | Burberry | 7,313 | -13.88 | -6.09 | -0.23 | 19.54 | 14.95 | 19.10 | 28.79 | 8.60 | 2.85
CNC | Concurrent Technologies | 57 | -19.95 | -13.90 | -3.40 | 13.41 | 16.39 | 15.78 | 22.97 | 9.15 | 0.00
MONY | Moneysupermarket.com | 1,160 | -19.16 | -1.62 | 3.81 | 46.48 | 28.73 | 42.76 | 30.01 | 9.81 | 5.82
CEY | Centamin | 1,027 | -17.16 | -9.67 | -8.53 | 16.52 | 31.93 | 9.40 | 29.29 | 10.45 | 5.24
JUP | Jupiter Fund Management | 1,418 | -12.96 | 0.25 | 4.80 | 24.17 | 37.49 | 20.75 | 16.47 | 10.61 | 7.20
TSTL | Tristel | 215 | -32.04 | -27.72 | 6.01 | 19.63 | 18.39 | 18.03 | 16.67 | 10.98 | 1.45
HSV | Homeserve | 2,942 | -12.20 | -6.20 | -5.55 | 12.86 | 12.61 | 16.68 | 13.50 | 11.12 | 3.63
RIO | Rio Tinto | 79,218 | -18.48 | -2.22 | 2.03 | 16.12 | 32.15 | 21.23 | 12.92 | 12.36 | 9.14
NETW | Network International Holdings | 1,640 | -23.24 | -22.96 | 2.22 | 13.47 | 27.03 | 24.80 | 11.35 | 12.51 | 0.58
QQ. | Qinetiq | 1,539 | -25.01 | -19.51 | -0.27 | 15.18 | 13.73 | 18.44 | 10.87 | 12.71 | 2.83
ITV | Itv | 4,450 | -17.37 | -2.71 | -4.35 | 23.73 | 17.02 | 51.22 | 22.72 | 12.74 | 5.10
XPP | Xp Power | 1,002 | -11.42 | -3.33 | -2.53 | 19.41 | 18.12 | 21.19 | 14.98 | 13.08 | 1.87
GAW | Games Workshop | 3,274 | -16.55 | -3.46 | 2.26 | 67.72 | 33.16 | 66.48 | 60.60 | 13.17 | 2.33
GAMA | Gamma Communications | 1,589 | -17.42 | -12.49 | -7.74 | 26.13 | 13.20 | 27.29 | 19.15 | 13.40 | 0.88
EAH | Eco Animal Health | 108 | -55.62 | -51.19 | -5.11 | 13.83 | 16.86 | 9.44 | 12.99 | 14.29 | 0.75
CMCX | Cmc Markets | 768 | -45.91 | -6.38 | 8.11 | 28.42 | 32.87 | 27.09 | 37.20 | 15.57 | 4.48
QTX | Quartix Technologies | 186 | -23.72 | -22.92 | 9.20 | 36.20 | 26.83 | 32.75 | 42.54 | 16.67 | 2.35
FXPO | Ferrexpo | 1,762 | -32.62 | -7.24 | -1.49 | 42.39 | 36.86 | 55.11 | 32.66 | 18.18 | 7.97
MCL | Morses Club | 78 | -32.16 | -27.61 | -2.15 | 16.30 | 11.97 | 14.48 | 34.78 | 18.37 | 9.23
MIND | Mind Gym | 143 | -19.80 | -27.92 | -19.17 | 39.42 | 11.76 | 37.32 | 46.88 | 18.75 | 0.00
ELCO | Eleco | 77 | -32.84 | -25.39 | -11.31 | 13.93 | 12.84 | 15.51 | 29.77 | 19.48 | 0.75


For those strange types that invest purely based on dividend yield, I offer the olive branch of a column showing the 1 year rolling yield in the final column :)

HNY, Si

simoan
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Re: Give Me Strength!

#470237

Postby simoan » January 4th, 2022, 4:55 pm

On the off chance that anyone is still interested, I thought I'd provide a quick EOY update on the GMS portfolio for 2021. I will probably persevere with it until the second anniversary in August as part of my real-world portfolio.

The number of holdings has increased to 19: Glaxo, Fonix Mobile and Iomart (following a terrible trading update in October) have been sold and new positions in IG Group, Burberry, Unilever, Rio Tinto, Qinetiq, Hargreaves Lansdown and CMC Markets have been initiated.

The return for 2021 was 23.57% versus 14.55% for the FTSE ALL Share which IMHO is just about acceptable on a risk-adjusted basis. Since inception it is up 38.9% vs 25.45% for the FTSE All Share. Since it peaked on September 7th 2021 the performance has been really poor and since the first full year review I posted on August 20th it is down 5.95% versus an increase of 3.54% in the FTSE All Share. It's at this point that I should maybe console myself that the forecast yield has increased to 2.92% but there's a whole other board for that kind of thing!

Anyway, here's how it stands as of 31/12/2021.

Ticker | Name                       | Bid (GBP) | Cost ps (GBP) | Gain % | Weighting | Fwd Yield
TRCS | Tracsis | 9.700 | 4.988 | 94.45 | 5.72% | 0.22%
WJG | Watkin Jones | 2.615 | 1.369 | 91.08 | 5.54% | 3.28%
ULE | Ultra Electronics Holdings | 31.800 | 21.897 | 45.23 | 6.42% | 1.96%
MGP | Medica | 1.615 | 1.139 | 41.79 | 8.27% | 1.66%
FRP | Frp Advisory | 1.330 | 1.010 | 31.70 | 3.82% | 3.44%
RWS | Rws Holdings | 6.500 | 5.698 | 14.07 | 4.59% | 1.84%
BAG | A G Barr | 5.170 | 4.566 | 13.24 | 7.32% | 2.80%
ITRK | Intertek | 56.280 | 52.412 | 7.38 | 6.86% | 2.00%
IGG | Ig Group | 8.130 | 7.878 | 3.20 | 3.34% | 5.69%
BRBY | Burberry | 18.170 | 17.662 | 2.88 | 4.14% | 2.86%
GAW | Games Workshop | 99.650 | 97.066 | 2.66 | 6.55% | 2.32%
ULVR | Unilever | 39.450 | 38.818 | 1.63 | 3.29% | 3.71%
RIO | Rio Tinto | 48.920 | 48.267 | 1.35 | 3.22% | 9.14%
LSEG | London Stock Exchange | 69.300 | 68.602 | 1.02 | 6.44% | 1.47%
QQ. | Qinetiq | 2.660 | 2.661 | -0.05 | 4.85% | 2.83%
HL. | Hargreaves Lansdown | 13.550 | 14.020 | -3.35 | 6.26% | 3.33%
CMCX | Cmc Markets | 2.635 | 2.811 | -6.27 | 3.02% | 4.60%
SPSY | Spectra Systems | 1.450 | 1.612 | -10.05 | 5.65% | 5.09%
BVXP | Bioventix | 33.000 | 40.191 | -17.89 | 4.71% | 3.53%

All the best, Si

jackdaww
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Re: Give Me Strength!

#470249

Postby jackdaww » January 4th, 2022, 5:42 pm

simoan wrote:On the off chance that anyone is still interested, I thought I'd provide a quick EOY update on the GMS portfolio for 2021. I will probably persevere with it until the second anniversary in August as part of my real-world portfolio.

The number of holdings has increased to 19: Glaxo, Fonix Mobile and Iomart (following a terrible trading update in October) have been sold and new positions in IG Group, Burberry, Unilever, Rio Tinto, Qinetiq, Hargreaves Lansdown and CMC Markets have been initiated.

The return for 2021 was 23.57% versus 14.55% for the FTSE ALL Share which IMHO is just about acceptable on a risk-adjusted basis. Since inception it is up 38.9% vs 25.45% for the FTSE All Share. Since it peaked on September 7th 2021 the performance has been really poor and since the first full year review I posted on August 20th it is down 5.95% versus an increase of 3.54% in the FTSE All Share. It's at this point that I should maybe console myself that the forecast yield has increased to 2.92% but there's a whole other board for that kind of thing!

Anyway, here's how it stands as of 31/12/2021.



Ticker | Name                       | Bid (GBP) | Cost ps (GBP) | Gain % | Weighting | Fwd Yield
TRCS | Tracsis | 9.700 | 4.988 | 94.45 | 5.72% | 0.22%
WJG | Watkin Jones | 2.615 | 1.369 | 91.08 | 5.54% | 3.28%
ULE | Ultra Electronics Holdings | 31.800 | 21.897 | 45.23 | 6.42% | 1.96%
MGP | Medica | 1.615 | 1.139 | 41.79 | 8.27% | 1.66%
FRP | Frp Advisory | 1.330 | 1.010 | 31.70 | 3.82% | 3.44%
RWS | Rws Holdings | 6.500 | 5.698 | 14.07 | 4.59% | 1.84%
BAG | A G Barr | 5.170 | 4.566 | 13.24 | 7.32% | 2.80%
ITRK | Intertek | 56.280 | 52.412 | 7.38 | 6.86% | 2.00%
IGG | Ig Group | 8.130 | 7.878 | 3.20 | 3.34% | 5.69%
BRBY | Burberry | 18.170 | 17.662 | 2.88 | 4.14% | 2.86%
GAW | Games Workshop | 99.650 | 97.066 | 2.66 | 6.55% | 2.32%
ULVR | Unilever | 39.450 | 38.818 | 1.63 | 3.29% | 3.71%
RIO | Rio Tinto | 48.920 | 48.267 | 1.35 | 3.22% | 9.14%
LSEG | London Stock Exchange | 69.300 | 68.602 | 1.02 | 6.44% | 1.47%
QQ. | Qinetiq | 2.660 | 2.661 | -0.05 | 4.85% | 2.83%
HL. | Hargreaves Lansdown | 13.550 | 14.020 | -3.35 | 6.26% | 3.33%
CMCX | Cmc Markets | 2.635 | 2.811 | -6.27 | 3.02% | 4.60%
SPSY | Spectra Systems | 1.450 | 1.612 | -10.05 | 5.65% | 5.09%
BVXP | Bioventix | 33.000 | 40.191 | -17.89 | 4.71% | 3.53%

All the best, Si

==========================


always interested !
Last edited by tjh290633 on January 4th, 2022, 10:20 pm, edited 1 time in total.

simoan
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Re: Give Me Strength!

#470525

Postby simoan » January 5th, 2022, 4:11 pm

jackdaww wrote:
simoan wrote:On the off chance that anyone is still interested, I thought I'd provide a quick EOY update on the GMS portfolio for 2021. I will probably persevere with it until the second anniversary in August as part of my real-world portfolio.


always interested !

Fair enough! Glad I'm not talking to myself, but even if I am, I shall continue the thread for no other reason than as a log for my own purposes :) I should add that I bought a 20th holding this morning at the open following a positive trading update. The new holding is Concurrent Technologies which was added at 83.25p.

All the best, Si

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Re: Give Me Strength!

#470609

Postby Pendrainllwyn » January 5th, 2022, 8:22 pm

Definitely not talking to yourself. I like your focus on out of favour high return on capital companies (if that’s an accurate description). I own 8 names in both lists (not the same 8 - for example I continue to hold Fonix Mobile and Glaxo) and have saved your message to study some names I haven’t looked at before this weekend. If memory serves I purchased FRP Advisory after your last such mail and remain happy with that. I have also subsequently added Unilever so I suspect there is some overlap with our interests.

Pendrainllwyn

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Re: Give Me Strength!

#470814

Postby simoan » January 6th, 2022, 12:56 pm

Pendrainllwyn wrote:Definitely not talking to yourself. I like your focus on out of favour high return on capital companies (if that’s an accurate description). I own 8 names in both lists (not the same 8 - for example I continue to hold Fonix Mobile and Glaxo) and have saved your message to study some names I haven’t looked at before this weekend. If memory serves I purchased FRP Advisory after your last such mail and remain happy with that. I have also subsequently added Unilever so I suspect there is some overlap with our interests.

Pendrainllwyn

Hi,

Yes, it's all about finding out of favour quality companies as indicated by high ROCE, ROE and margins and then letting reversion to the mean take effect. I also check they are cash generative (using CROIC) and have strong balance sheets. These metrics indicate a company with pricing power that is particularly important in an inflationary environment (i.e. they can pass increased input costs onto their customers to maintain profitability) like we are experiencing currently.

As I explained in the initial post, the portfolio is a small slice of my real world portfolio, held across SIPP, ISA and dealing accounts. So, for instance, I built up a large holding in Glaxo at around 1300p and the sale within the GMS portfolio was a result of top slicing the larger position before Xmas. It seemed appropriate to assign the sale to the GMS as I did not want the portfolio to have too many holdings and it was unlikely Glaxo would qualify for the screen anytime soon, given its very strong recent relative strength.

FWIW I still hold Fonix and have not sold in my real world portfolio. However I removed it from the portfolio as I discovered I made an error transcribing the buy transactions from my own records across to the Stockopedia portfolio because Fonix did not qualify for the screen when I bought the shares, even though it did at the time I created the portfolio in Stockopedia! BTW That had a very small negative effect on the EOY return as Fonix was up 3.1% on the buy price.

All the best, Si

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Re: Give Me Strength!

#470815

Postby AsleepInYorkshire » January 6th, 2022, 1:02 pm

simoan wrote:Fair enough! Glad I'm not talking to myself, but even if I am, I shall continue the thread for no other reason than as a log for my own purposes :) I should add that I bought a 20th holding this morning at the open following a positive trading update. The new holding is Concurrent Technologies which was added at 83.25p.

All the best, Si

Si,

You keep talking to yourself :lol:

Just make sure you do it on this thread where I can find it easily enough :)

Take care

AiY(D)

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Re: Give Me Strength!

#470826

Postby TUK020 » January 6th, 2022, 1:31 pm

simoan wrote:
Pendrainllwyn wrote:Definitely not talking to yourself. I like your focus on out of favour high return on capital companies (if that’s an accurate description). I own 8 names in both lists (not the same 8 - for example I continue to hold Fonix Mobile and Glaxo) and have saved your message to study some names I haven’t looked at before this weekend. If memory serves I purchased FRP Advisory after your last such mail and remain happy with that. I have also subsequently added Unilever so I suspect there is some overlap with our interests.

Pendrainllwyn

Hi,

Yes, it's all about finding out of favour quality companies as indicated by high ROCE, ROE and margins and then letting reversion to the mean take effect. I also check they are cash generative (using CROIC) and have strong balance sheets. These metrics indicate a company with pricing power that is particularly important in an inflationary environment (i.e. they can pass increased input costs onto their customers to maintain profitability) like we are experiencing currently.

As I explained in the initial post, the portfolio is a small slice of my real world portfolio, held across SIPP, ISA and dealing accounts. So, for instance, I built up a large holding in Glaxo at around 1300p and the sale within the GMS portfolio was a result of top slicing the larger position before Xmas. It seemed appropriate to assign the sale to the GMS as I did not want the portfolio to have too many holdings and it was unlikely Glaxo would qualify for the screen anytime soon, given its very strong recent relative strength.

FWIW I still hold Fonix and have not sold in my real world portfolio. However I removed it from the portfolio as I discovered I made an error transcribing the buy transactions from my own records across to the Stockopedia portfolio because Fonix did not qualify for the screen when I bought the shares, even though it did at the time I created the portfolio in Stockopedia! BTW That had a very small negative effect on the EOY return as Fonix was up 3.1% on the buy price.

All the best, Si

Si,
I remember reading an article by John Kingham, UK Value Investor, which was not complimentary about Glaxo's accounting practices - can't remember the details, but a lot was about classifying regular expenditure as 'exceptional items' and calling the outcome 'adjusted earnings'. Does this affect your view of their margins/returns ratios?
tuk020

simoan
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Re: Give Me Strength!

#470861

Postby simoan » January 6th, 2022, 3:02 pm

TUK020 wrote:Si,
I remember reading an article by John Kingham, UK Value Investor, which was not complimentary about Glaxo's accounting practices - can't remember the details, but a lot was about classifying regular expenditure as 'exceptional items' and calling the outcome 'adjusted earnings'. Does this affect your view of their margins/returns ratios?
tuk020

You will note that none of my criteria use EPS as an input. There's a very good reason for that, which may shock you: I don't care that much about EPS for the purposes of the GMS! EPS is subjective and can be manipulated by adjustments. Many companies are guilty of this, not just GSK, and in fact Astrazeneca is a much worse culprit in that respect with their use of "core earnings". So much so, Terry Smith wrote a whole FT article on it several years ago.

For me, EPS is a matter of accounting opinion, cash is a matter of fact!! Just about all companies have adjustments to EPS, many including adjustment for share schemes, options etc. which is really just another form of recurring remuneration and which should not be adjusted out, but everybody does it. You can manipulate earnings much more easily than cashflow. You can't fake cash in the bank (unless the accounts are a complete fraud like Patisserie Valerie).

Of course, some companies also adjust their operating profit but the data source I use seems to prefer the reported operating profit. And of course, operating profit is the numerator of the ROCE calculation i.e. ROCE = Operating Income/Capital Employed, where Capital Employed = (Fixed Assets + Working Capital). The main sanity check I use is to check how well EPS converts into free cashflow but I do this manually. Ideally you want a large percentage of EPS to result in free cash. In the FY20 results, published just before I started building a stake, GSK reported adjusted EPS of 97.4p per share that resulted in free cash of 123p per share. That's more than decent! This was also the case for the previous financial years. So who's to say the EPS adjustments are not genuine and representative? You can always check this yourself because the adjustments are clearly laid out in the results, and so you can make your own mind up about their validity.

I feel some commentators look too hard to find problems and end up with "paralysis by over-analysis" but then if they need to generate articles for a blog they have to write about something and it's always going to be biased to their own POV, including how they feel about adjustments. Somewhere on TLF I started a thread showing how on a sum of parts basis, and relative to its peer group, GSK was very undervalued. This was not long before Elliot investors appeared on the scene, so they must've been doing the same thing around the same time! This meant it was almost a no-brainer in addition to it being highlighted by the GMS screen at the time.

All the best, SI

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Re: Give Me Strength!

#491477

Postby simoan » April 4th, 2022, 11:54 am

I thought I'd run a 3 month version of the GMS filter to see what popped out this weekend, so this shows YTD performance based on closing prices as of Friday April 1st. It may be useful for anyone of a contrarian bent like me who is looking for some ideas. Filter criteria as follows:

Share price filter
Market Cap > £50m
3 month RS < -10%
Price vs 52 week low <= 10%

Quality filter
5 year Average ROCE > 15%
5 year Average Operating Margin > 10%
Cash Return On Invested Capital (CROIC) > 10%

Ticker | Name                 | RS 3m (%) | RS 1m (%) | vs 52w Low (%) | ROCE 5y (%) | ROCE TTM (%) | Op Mgn 5y (%) | Op Mgn TTM (%) | ROE 5y (%) | CROIC LY (%) | FCF Yield TTM (%)
BWY | Bellway | -25.28 | -16.68 | 1.29 | 18.61 | 13.63 | 18.39 | 16.18 | 16.58 | 13.00 | 0.31%
HL. | Hargreaves Lansdown | -25.76 | -11.20 | 2.50 | 69.46 | 59.92 | 64.43 | 57.94 | 62.51 | 226.16 | 6.64%
MONY | Moneysupermarket.com | -11.65 | -15.05 | 2.59 | 41.83 | 23.59 | 27.60 | 23.18 | 39.53 | 17.96 | 5.57%
D4T4 | D4t4 Solutions | -25.02 | -12.87 | 2.70 | 18.26 | 13.38 | 20.73 | 16.07 | 18.25 | 17.29 | 5.47%
PSN | Persimmon | -23.20 | -12.91 | 3.12 | 26.50 | 24.58 | 26.77 | 26.60 | 24.28 | 26.89 | 11.14%
RDW | Redrow | -24.67 | -11.04 | 3.23 | 17.83 | 16.15 | 17.27 | 17.85 | 17.58 | 15.03 | 20.27%
GAMA | Gamma Communications | -16.83 | -14.48 | 3.87 | 25.55 | 23.11 | 14.25 | 15.26 | 27.02 | 22.51 | 4.61%
JHD | James Halstead | -16.75 | -11.83 | 4.00 | 31.44 | 31.69 | 19.12 | 18.73 | 29.23 | 55.99 | 2.89%
RSW | Renishaw | -16.60 | -17.30 | 4.83 | 15.94 | 19.86 | 17.98 | 24.32 | 17.12 | 19.71 | 3.37%
VCT | Victrex | -22.06 | -8.91 | 5.26 | 19.58 | 16.70 | 33.51 | 30.01 | 18.31 | 18.42 | 5.38%
AAZ | Anglo Asian Mining | -15.59 | -16.49 | 5.68 | 16.30 | 18.54 | 25.34 | 30.24 | 12.89 | 26.76 | 14.33%
K3C | K3 Capital | -21.92 | -15.31 | 5.69 | 60.11 | 14.27 | 34.80 | 16.24 | 59.66 | 31.56 | 4.59%
JIM | Jarvis Securities | -18.86 | -20.08 | 5.95 | 95.75 | 147.17 | 48.15 | 53.61 | 77.62 | 358.82 | 7.72%
BKG | Berkeley Group | -20.28 | -5.08 | 6.82 | 21.10 | 14.69 | 25.95 | 21.58 | 23.37 | 12.61 | 13.53%
HWDN | Howden Joinery | -11.51 | -8.48 | 8.02 | 31.71 | 25.37 | 16.17 | 19.19 | 34.99 | 29.97 | 7.64%
XPP | Xp Power | -30.62 | -17.89 | 8.38 | 17.12 | 13.31 | 16.28 | 12.36 | 19.50 | 10.22 | 3.35%
LUCE | Luceco | -41.40 | -23.28 | 8.46 | 25.21 | 26.72 | 11.09 | 15.47 | 28.52 | 14.76 | 6.06%
CRW | Craneware | -28.84 | -6.41 | 9.03 | 25.32 | 2.23 | 25.25 | 9.28 | 22.90 | 43.52 | 0.97%
NXT | Next | -21.91 | -9.51 | 9.50 | 32.23 | 32.64 | 18.22 | 19.57 | 108.91 | 27.97 | 8.79%
DPLM | Diploma | -20.89 | -7.25 | 9.65 | 18.65 | 12.92 | 14.38 | 13.25 | 16.72 | 13.62 | 3.37%


The table is ordered by proximity to the 52 week low share price. I currently hold five of the companies listed in my SIPP. Happy hunting!
All the best, Si

MDW1954
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Re: Give Me Strength!

#491583

Postby MDW1954 » April 4th, 2022, 6:10 pm

Interesting -- thank you. Can I make sure that I'm interpreting the "vs 52-week low" column correctly?

Does it mean: "the difference between the current share price and the 52-week low, as a percentage of the 52-week low share price"?

MDW1954

simoan
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Re: Give Me Strength!

#491615

Postby simoan » April 4th, 2022, 8:00 pm

MDW1954 wrote:Interesting -- thank you. Can I make sure that I'm interpreting the "vs 52-week low" column correctly?

Does it mean: "the difference between the current share price and the 52-week low, as a percentage of the 52-week low share price"?

MDW1954

Yes. It’s the Share Price (as of close on Friday) less the 52 Week Low, divided by the 52 Week Low.

Pendrainllwyn
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Re: Give Me Strength!

#491631

Postby Pendrainllwyn » April 4th, 2022, 8:26 pm

An interesting list as always. I own 3 of these and some of the others have come close. D4T4 Solutions is a new one for me. I'm wary of investing in a company named liked that but will take a look at it nonetheless. Thanks as always.

Pendrainllwn

MDW1954
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Re: Give Me Strength!

#491650

Postby MDW1954 » April 4th, 2022, 9:26 pm

simoan wrote:
MDW1954 wrote:Interesting -- thank you. Can I make sure that I'm interpreting the "vs 52-week low" column correctly?

Does it mean: "the difference between the current share price and the 52-week low, as a percentage of the 52-week low share price"?

MDW1954

Yes. It’s the Share Price (as of close on Friday) less the 52 Week Low, divided by the 52 Week Low.


Cheers.

MDW1954

simoan
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Re: Give Me Strength!

#491678

Postby simoan » April 4th, 2022, 10:26 pm

Pendrainllwyn wrote:An interesting list as always. I own 3 of these and some of the others have come close. D4T4 Solutions is a new one for me. I'm wary of investing in a company named liked that but will take a look at it nonetheless. Thanks as always.

Pendrainllwn

Yes, not surprised to see a few housebuilders in the list. Not a sector I invest in though.

I held D4T4 until December 2020. It is a software company undergoing a transition in business model from up front license fees to SaaS based recurring revenues. Long term that may be a good thing but it means a short term hit to profits which is the reason I sold out. You will note EPS has fallen the last 2 years and it’s on a PER = 27. I currently have no interest in revisiting it.

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Re: Give Me Strength!

#515279

Postby simoan » July 18th, 2022, 12:30 pm

For anyone interested, below is the output of the GMS screen based on closing prices on Friday 15th July. You will note the screen has been changed to show companies within 10% of their 52 week low since the usual 20% limit makes the table quite long given there are quite a few companies with very poor Relative Strength currently :)

Worth noting there are 5 fund managers in the list.

Ticker | Name                              | Mkt Cap (£m) | RS 6m (%) | RS 3m (%) | RS 1m (%) | ROCE 5y Avg (%) | Op Mgn 5y Avg (%) | ROE 5y Avg (%) | Price vs 52w Low (%) | Yield Rolling 1y (%)
STVG | STV | 117 | -18.39 | -12.17 | -16.05 | 20.20 | 12.16 | 0.00 | 1.21 | 5.09
RMMC | River and Mercantile UK Micro Cap | 56 | -31.25 | -18.47 | -15.79 | 17.92 | 88.18 | 19.84 | 2.47 | 0.00
PSN | Persimmon | 5,625 | -24.73 | -13.08 | -20.82 | 26.50 | 26.77 | 24.28 | 2.56 | 13.33
MOON | Moonpig | 640 | -37.25 | -9.97 | -17.93 | 74.83 | 15.00 | 114.59 | 3.20 | 0.00
MAB1 | Mortgage Advice Bureau | 496 | -33.50 | -26.65 | -16.66 | 54.95 | 12.14 | 58.74 | 3.57 | 4.73
LIO | Liontrust Asset Management | 570 | -49.02 | -24.31 | -9.29 | 27.39 | 20.83 | 27.19 | 3.66 | 8.04
PMI | Premier Miton | 164 | -34.35 | -17.97 | -9.36 | 22.13 | 22.33 | 22.64 | 3.67 | 8.33
ROR | Rotork | 2,058 | -24.22 | -16.19 | -8.17 | 18.75 | 17.46 | 15.83 | 3.82 | 2.90
DNLM | Dunelm | 1,578 | -37.04 | -21.38 | -5.21 | 33.08 | 10.80 | 59.67 | 3.99 | 6.09
PGH | Personal group | 77 | -17.89 | -16.72 | -10.47 | 16.01 | 14.52 | 19.79 | 4.21 | 5.08
ASHM | Ashmore | 1,284 | -26.79 | -8.82 | -10.41 | 24.97 | 69.18 | 23.04 | 4.57 | 8.69
QTX | Quartix Technologies | 157 | -10.38 | 0.87 | 3.44 | 34.73 | 25.38 | 30.44 | 4.84 | 2.99
DOM | Domino's Pizza | 1,215 | -29.24 | -21.38 | -13.58 | 29.35 | 17.81 | 83.86 | 4.88 | 3.85
ITRK | Intertek | 7,046 | -11.37 | -8.01 | 1.31 | 23.88 | 15.24 | 33.36 | 5.54 | 2.63
SOM | Somero Enterprises | 207 | -31.11 | -10.97 | 1.41 | 48.38 | 30.26 | 40.01 | 5.71 | 0.00
JUP | Jupiter Fund Management | 776 | -37.88 | -28.39 | -13.48 | 22.23 | 35.14 | 19.61 | 5.73 | 11.87
LSL | LSL Property Services | 344 | -11.30 | -6.31 | -5.09 | 16.90 | 11.77 | 17.90 | 5.79 | 3.61
KEYS | Keystone Law | 170 | -28.22 | -13.48 | -15.98 | 30.35 | 10.11 | 28.78 | 5.83 | 2.93
IPX | Impax Asset Management | 762 | -47.98 | -31.29 | -2.35 | 25.89 | 24.12 | 28.49 | 6.68 | 3.67
GAMA | Gamma Communications | 1,056 | -24.58 | -10.58 | -5.98 | 25.55 | 14.25 | 27.02 | 6.84 | 1.37
IMI | IMI | 3,186 | -18.89 | 2.46 | -4.61 | 17.99 | 11.98 | 24.13 | 7.48 | 2.42
TM17 | Team17 | 579 | -41.42 | -15.44 | -4.22 | 20.17 | 29.53 | 37.80 | 7.57 | 0.00
FEVR | Fevertree Drinks | 1,010 | -61.46 | -47.82 | -41.28 | 30.80 | 26.16 | 28.74 | 7.71 | 2.10
HL. | Hargreaves Lansdown | 3,879 | -33.50 | -9.54 | 2.19 | 69.46 | 64.43 | 62.51 | 7.75 | 5.04
FDM | FDM (Holdings) | 946 | -20.46 | -12.36 | -2.35 | 54.67 | 17.91 | 48.46 | 8.25 | 4.27
JIM | Jarvis Securities | 73 | -36.56 | -22.67 | -27.12 | 95.75 | 48.15 | 77.62 | 8.38 | 7.58
HWDN | Howden Joinery | 3,512 | -19.88 | -11.99 | -1.71 | 31.71 | 16.17 | 34.99 | 8.92 | 3.24
JHD | James Halstead | 922 | -22.14 | -8.77 | -6.18 | 31.44 | 19.12 | 29.23 | 8.95 | 3.82
AAL | Anglo American | 34,108 | -15.11 | -34.50 | -29.15 | 15.95 | 25.63 | 17.03 | 9.64 | 7.90
SLP | Sylvania Platinum | 218 | -11.04 | -9.48 | -5.92 | 25.65 | 39.85 | 22.53 | 9.92 | 6.17

Happy hunting!
All the best, Si


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