Finally a pretty quiet month, with the stock market recovering from its wobble in March, and so much the better for that in my view. I made very few changes this month but after enjoying Mello 2018, up in Derby, I now have a list of companies worth further investigation. I don't know whether these ideas will convert into investments but having met management I do feel that I understand these businesses in more depth; on the other hand it's best to be a little cynical as directors are often very good at painting a rosy picture. Tricky thing this investing lark.


Impax Asset Management Bought 160p - Apr 18

A few weeks ago I saw Ian Simm, founder and CEO of Impax Asset Management, give a presentation on the company. With IPX popping up on my quality screen, as well as being a near miss on my growth screen, I was naturally interested in hearing what he had to say. In a nutshell he started the group twenty years ago in order to invest in the environmental and renewable energy sectors. Since then the group has slowly but successfully increased its fund size and laid down a solid performance history. With the transformational acquisition of Pax World in January the group is now at a healthy scale and possibly a little undervalued given the potential for synergies. With interim results out on 7th June we don't have long to wait for up-to-date figures.

dotDigital Bought 87p - Apr 18

Another company which scores highly on my screens, this time for quality and momentum, is dotDigital. It has an excellent track-record of profit growth, with good cash conversion, and forecasts are pointing at 23% bottom-line growth this year. However with GDPR coming into force this month I feel that positive sentiment towards the company has been somewhat subdued lately. As a result I've done some reading around to see how pro-actively dotDigital is dealing with this challenge and it looks like the company is positioning itself to help clients handle and cleanse their data in order to be compliant. So it's reasonably likely that the group will be a net beneficiary, rather than a victim of GDPR, as the additional regulation pushes clients into their hands. That said I have bent my rules here by not waiting until an out-perform trading statement before increasing my position; hopefully…

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