Iwright7

Rarely do the stars align and the share price not follow, but the Churchill China (LON:CHH) price has been flat in spite of a recent upbeat trading update.... performance will be ahead of our earlier expectations for the full year. With a Quality Rank of 99, Financial Health F score of 9 and bountiful  return numbers which have improved consistently for the last 5 years,…

A new podcast with Vanguard’s Factor manager, Liqian Ren. Her funds include Quality, Momentum, Value and Multifactor (Stockrank) style ETFs. As an aside Liqian suggests that in the US during the last 10 years Quality has outperformed Value and Momentum and that this is logical because high Quality companies will produce more organic growth. Confirmation bias perhaps, but this style makes a lot of sense…

For those of you interested in Factor investing I have come across a new US series. It's called Flirting with Models which focuses on the quantitative and human aspects of Investing. Particularly good are the Momentum interviews with Adam Butler and Jack Vogel.Pearls of analytical wisdom and all for free.  Enjoy...https://blog.thinknewfound.com...

Just occasionally a book, or an interview gives me a little more insight into my preferred investing method namely Growth/QM. So it is with the interview with the Growth fund CEO Paul Black of WCM Investment with $200B of assets under management. It is a fascinating discussion which includes the desirability of Moat company culture aligning with its competitive advantage. Almost as an aside Paul…

I have today taken an initial position in another little known (to me anyway) microcap "High Flyer" whose niche and metrics intrigue me. My notes to date:Symphony Environmental Technologies (LON:SYM) core business is a licence for a US patented additive made by EPI Inc to improve polythene biodegradability. The company has also developed other anti-microbial and fire-retardant additives. With Sir David Attenborough on the plastic…

It's lovely weather for a day off - Enjoy! Totally agree with the majority here that the Small Cap reviews are excellent commentary. I am sure the reports have brought a lot new subscribers to the Stockopedia service, but maybe now is the time to limit Pauls/Grahams reports to those of us who are prepared to pay to subscribe.

Another great article which has prompted me this morning to double my holding in John Laing (LON:JLG). John Laing is a rare case of a value share passing Can-Slim growth and 52 Week High momentum screens. A good example of PEAD and anchoring-and-adjustment as the company continues to win overseas bids and beat previous expectations? In relation to Volatility I suggest <40% as a screen…

The fees don't concern me unduly (part of these are performance related) provided 3IN perform well. I guess that it is the fees putting a lot of people off and slowing the upward price adjustment. It was the only share in my portfolio not to take a hit in Q4 2018 correction and I value this aspect as part of a mixed investment portfolio.

Coincidentally I see there is a broker note this morning reporting the sale of 3i Infrastructure 33% stake in Cross London Trains, for a gain of £62M on last years valuation. More like this please. Ian

Re Eleckron - Thanks for the clarification, but >50% of the Bulgin division sales as project specification is still remarkable. The 160% ROCE number is outstanding. A little gem! Ian