Video interview: Navigating the markets with Stephen English

Thursday, Apr 04 2019 by
16

This interview with Stephen is a cracking 40 minutes, well worth your time.

Stephen gives great insight on the macro economic environment investors face today, and where he sees the opportunities. He talks about some criteria for his stock selection, illustrated with examples. He discusses catalysts for selling. He discusses the changes to the market structure. He spots the themes illustrating where public markets are, in some instances, priced cheaper than private markets, which can mean PE buying listed companies too cheaply. And much, much more.

What are your views on the macro picture for investors? – 00:20
What’s your strategy to take advantage of this macro picture? – 04:29
Growth stocks: what PE are you prepared to pay? - 09:12
Weighting of growth stocks? - 12:28
Which part of your portfolio are you uncomfortable with? - 16:09
What’s your timing on holdings? - 20:21
Which sectors are ripe for Private Equity now? – 25:24
Where do you think we are at in the tech cycle? – 27:23
Where are the opportunities in tech? – 33:33

About Stephen English:

Stephen joined Blankston Sington in 2002 and works as an analyst generating research and investment recommendations across large and mid-cap companies as well as collective investment funds. Stephen is also responsible for selecting stocks in the Inheritance Tax Portfolio, comprised of AIM listed companies, which has been successfully managed since its inception in 2010.

Stephen is a Chartered Fellow of the Chartered Institute for Securities & Investment (FSCI) and also holds the Chartered Financial Analyst® designation (CFA®). The CFA® designation is globally recognised and attests to a holder's success in a rigorous and comprehensive study program in the field of investment management and research analysis.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

https://www.blankstonesington....

Further, if you haven't seen it, watch Stephen's presentation at Mello, here. Highly recommended.

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Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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3 Posts on this Thread show/hide all

Nick Ray 5th Apr 1 of 3
1

Really interesting interview with a lot of thought-provoking ideas and a new acronym: FANMAG describing 6 companies with a combined size bigger than most stock exchanges.


...And an interesting take on Brexit as well!

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HumourMe 7th Apr 2 of 3
2

Yes very interesting. Encouraged me to seek out FCF screens to see which, if any, would currently identify Mission Marketing , D4T4 & Castleton Technology

The screens are (picture):

5caa024ec9eeefcf_screens.jpg


https://www.stockopedia.com/screens/t-rowe-price-screen-21/ picked up £D4T4 which met the loose FCF>0 minimum. For the rest no hits on the screens which require free cash flow .

Free Cash Flow Cows Screen though is the purest FCF screen in my opinion (possibly why it is mentioned 2x and named as it is :-) ). If you take off the 'valuation' criteria it still doesn't get our three; it require three rising FCF years. The three don't meet this criteria, due to the erratic nature of cash flow. You do though tend to get companies which tend to be higher quality rank. I'm hoping the new site will allow screening to meet, say 8/10, specified criteria ... until then stockranks are the only fast way to deal with fuzzier requirements.

The Brexit observation about capital flows and relative market valuation was interesting. All remains in play!

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iwright7 8th Apr 3 of 3
1

Yes an excellent couple of videos with Stephen English. Interesting how he is happy to combine the lessons of other Gurus and has an open mind to multi sources of information - A thinking investor!

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