Proforma: The MHP (Magic Hat Portfolio) on Stockopedia ( is an experiment by me to see if a human can improve on a mechanical Greeblatt Magic Formula screen. I am trying to weed out "mistakes" that I feel the screening commits: unseasoned companies, scams, foreign companies (particularly Chinese), fishy accounting, and statistical quirks. Apart from that, I am agnostic as to the sector the company operates in, although I will try to avoid heavy concentration in any one sector. I will mostly apply "Strategic Ignorance", by which I mean that I wont try to be clever in my stockpicking. My picking will be mostly mechanical. A summary of transactions can be found at As of January 2020, I have adjusted my strategy a little. Instead of selecting stocks from the Greenblatt Screen, I will select them from Stockopedia's Screen Of Screens, and look for a StockRank (TM) in the 90's. I won't rule out selecting something from the Greenblatt Screen, though. With the boilerplate now out the way, let's move on to the actual content ...

Daily Mail and General Trust P L C (LON:DMGT), the respected  purveyor of balanced and non-sensationalist reporting, leaves the portfolio by rotation. It fell 18% during the holding period in the portfolio. My dad reads it daily. Quite an angry person, is my dad. Coincidence? You decide!

IG Group (LON:IGG) enters the portfolio because it has a Stockopedia StockRank in the 90's, and passes the Screen Of Screens, including the Greenblatt screen. So it's a sensible choice. I doubt that IG Group (LON:IGG) needs much of a way of introduction to this site, as it provides online trading. It's also the best trading platform I've used. I also like the Halifax Sharedealing platform, which is simple to use and speedy.

Short and sweet this month.

Stay safe out there.

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