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…

Yes KAL is keen on the Games Workshop (LON:GAW) Moat and said at Mello London..... "So keen are the people who play these games that if you put the shop 100ft under the ground in an old coal mine, they would still find them".

Yes - Excellent post Nick....What seems to have happened is that many methods of "discrimination" (such as factors) have simply stopped working for now, so that the portfolio performs the same as if the stocks were chosen at random (and hence performs close to the market median i.e. 50% decile.) Maybe we can go further and when factors such as high Decile Stockrank go sidewards…

Wes Gray has two excellent books which look at factors that back test well for Value and Momentum. I gather that he is recently particularly keen on EV to FCF as the best cheap Value metric. However since he wrote the books his fund results have been mediocre. I suspect that the Value fund will work best in a falling (or recovering) market, neither of…

Effortless - Yes Ab Dynamics (LON:ABDP) are clearly on a roll and are in the right place at the right time. Their latest results indicate a widening moat and the Mr Market is responding accordingly. I note this morning that the Stocko algorithms have produced a significant Quality score upgrade of +25 to 92 too. What a great business and I continue to hold. Ian

Light - I brought a slug of Bushveld Minerals (LON:BMN) yesterday, but for more fundamental reasons. My buying notes below........An interesting Vanadium momentum article in Sunday’s Daily Mail with blogs mentioning the South African Vanadium penny share BushVeld Minerals. Vanadium demand set to increase further to boost the tensile strength of low grade (cheaper) steel and as an electrolyte for static high capacity electric storage…