Iwright7

Every morning I take a 10 minute tour of the Stockrank Movers to see if any of companies in my universe have been upgraded by >10 units. Since their results 2 days ago the newly computed James Fisher and Sons (LON:FSJ) numbers have gained +30 to 91 for Stockrank score and the Quality score has jumped +35 to 89.  James Fisher was already showing excellent…

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 am happy to wait, until until later to give you chance to analyse and digest. Tremendous reporting from yourself and Graham, so many thanks also. Ian

Badger, Yes you can easily do the same by pressing +Create a Screen (in Screens Tab) and add the criteria via the various drop down boxes. Cheers, Ian

Stuart,I have a number of screens incorporating Momentum, but with a tilt to Quality (which has worked better than Value in recent years. One of my favorites is Millennial Money which is modified from the book of the same name by James O'Shaughnessy, (who is the son of Patrick O'Shaughnessy from whom the VC1 screen was derived). The screen criteria is below - As well…

Andean, I spotted the change of expectation emphasis, but I am sure it was because n+1 upgraded their May forecast by circa 15%: "Today we have increased our PBT estimates by 15% for FY19 and FY20, and by 14% for FY21, with a corresponding increase in net cash to £50.5m by the end of our forecast horizon". The broker forecast £23m cash by this year…

Paul,A very perceptive Keir comment of yours:....This reminded me that I'm increasingly coming round to the view that I should treat the balance sheet & cashflow statements as the most important. The P&L is really the least important statement, as it's the easiest to massage to present a favourable picture. Therefore, maybe as investors, we're getting it all wrong by concentrating on earnings-based valuation measures…