Category: Maynard Paton

Small-Cap Spotlight Report: Norcros

Small-Cap Spotlight Report: Norcros

Let me start by confessing this article covers pension deficits. What follows may not be that thrilling and does require you to concentrate. But please stick with me, especially if you have ever fallen victim to a ‘value trap’. A burdensome pension scheme is a common reason why companies trade on permanently low ratings. The […]

Small-Cap Spotlight Report: Argo Blockchain

Let’s start with a wealth warning: This article covers bitcoin miner Argo Blockchain; I am not a bitcoin expert; The bitcoin price is highly unpredictable; Argo’s share price is highly unpredictable, and; Argo issues frequent updates. The upshot is my logic and calculations may be completely wrong or out-of-date by the time you read what […]

Screening For My Next Long-Term Winner: IG Group

For some time now IG Group has been flashing on my SharePad filters. The three screenshots just below show IG offers: High margins; Decent returns on equity; Cash-rich accounts; Attractive five-year growth; A lack of past acquisitions, and; A modest P/E. Those characteristics are an unusual mix in a market presently bereft of obvious quality […]

Small-Cap Spotlight Report: LoopUp

Welcome to a series of occasional articles in which I shine an investigative spotlight on particular small-caps. My aim is to demonstrate how to analyse companies in SharePad and beyond to help you become a more informed investor. I start today with LoopUp (LOOP), a £44 million developer of software for remote meetings and conference […]

Screening For My Next Long-Term Winner: Frontier Developments

Has the market become too obsessed with ‘pandemic-proof’ shares? I ask because my SharePad screening has brought Frontier Developments to my attention. The shares of this computer-game developer have leapt 66% so far this year as industry sales rally during the lockdown. However, Frontier’s accounting looks rather questionable and the near-£800 million market cap seems […]

Screening For My Next Long-Term Winner: AB Dynamics

Recent market ructions have sent many shares tumbling — and perhaps created some buying opportunities. Amid the mayhem, I devised a straightforward screen. I simply looked for decent-sized businesses that were still expected to grow, paid a dividend and were conservatively financed, too I applied the following criteria within SharePad to identify some respectable candidates: […]

Screening For My Next Long-Term Winner: Boohoo

Cash flow movements can often indicate whether or not a business enjoys a powerful operational advantage. A strong business might: Receive customer payments upfront for goods/services it has yet to deliver, and/or; Pay suppliers months after goods/services have been received. However, a weak business might: Receive customer payments months after its goods/services have been delivered, […]

Screening For My Next Long-Term Winner: Greggs

‘Run your winners’ is popular stock-market advice. Great companies often remain great investments for a lot longer than most people expect… … and can deliver life-changing rewards to anyone who refrains from selling out too soon. Where can we find potential winners to run? I thought the best performing shares of 2019 would provide a […]

Screening For My Next Long-Term Winner: Mears

This article has not turned out as I had expected. I searched on SharePad for magnificent dividend histories, and thought I would be evaluating a business with glorious financials and tip-top management. I have instead ended up with accounting alarm bells and a dissident shareholder trying to oust the boardroom. The screen I applied in […]

Screening For My Next Long-Term Winner: AG Barr

Quality companies undergoing temporary problems can often become attractive investment opportunities. On that basis, perhaps AG Barr is worth closer inspection. The soft-drinks manufacturer famous for Irn-Bru recently warned that profits would be lower than expected… and the share price plunged accordingly: However, AG Barr does boast a quality track record. During the last 40 […]

Screening For My Next Long-Term Winner: Abcam

Today I have returned to the share screen I employed to pinpoint Victrex the other week. To quickly recap, this screen applies two ratios favoured by ‘quality’ investors — operating margin and return on equity (ROE). The exact criteria I re-used were: 1) An operating margin (latest and 10-year average) of 20% or more, and; […]

Screening For My Next Long-Term Winner: Victrex

This week I am tracking down a potential long-term winner by employing two ratios favoured by ‘quality’ investors. The first measure is operating margin, which represents the percentage of sales converted into profit. In theory, a company exhibiting a high operating margin may enjoy pricing power over customers — which in turn may indicate a […]

Screening For My Next Long-Term Winner: Renishaw

I am convinced the very best shares to own are often led by executives who truly act in the interests of ordinary shareholders. In particular, bosses who: * do not dilute investors by issuing shares willy-nilly; * create dependable returns through a rising dividend, and; * own a lot of shares themselves… …should deliver better […]

Screening For My Next Long-Term Winner: Craneware

Years ago I read Super Stocks, an investment book that claimed to reveal “powerful new ideas” to uncover “opportunities for spectacular profits”. I sadly can’t recall identifying any “opportunities for spectacular profits”… …but the book’s “powerful new ideas” did make some sense — not least the concept of identifying companies that undertook significant research and […]

Screening For My Next Long-Term Winner: Hargreaves Lansdown

Quality companies often produce exceptional returns for ordinary investors. Just ask Terry Smith or Nick Train. These ace fund managers have delivered wonderful gains by investing in first-class businesses such as Diageo, Reckitt Benckiser and London Stock Exchange. Let’s use SharePad to find a quality company to study for ourselves. Immense figures imply an incredibly […]

Screening For My Next Long-Term Winner: Plus500

Before I start looking at Plus500 (LSE: PLUS), I have some good news…. …you can now employ my SharePad screening criteria with just a few clicks! The process involves SharePad’s amazing Filter library. This facility gives you complete access to numerous pre-defined filters that have been used within various SharePad articles. Just follow these instructions […]

Screening For My Next Long-Term Winner: PayPoint

I don’t know about your shares, but my portfolio was thumped during this month’s market sell-off. The drubbing prompted me to consider whether I should remain invested in my racy growth stocks and contrarian recovery plays — or seek out some alternative opportunities instead. My latest SharePad trawling has therefore centred on dividends — which […]

Screening For My Next Long-Term Winner: Character

My SharePad screening for buying opportunities has short-listed Character (LSE: CCT) as a possible longer-term investment. The attraction here is a quite extraordinary story about buybacks. You see, since 2006, this small-cap has bought back shares every year to reduce its overall share count by a huge 60%. What’s more, the purchases have been an […]

Screening For My Next Long-Term Winner: CMC Markets

In this article I continue my hunt for shares that could deliver market-beating returns… …and this time my SharePad system has identified CMC Markets (LSE: CMCX) as a potential longer-term investment. CMC is a high-margin, cash-rich and owner-run business that I believe could sit well within a diversified income portfolio — despite the firm’s earnings […]

Screening for my next long-term winner: Ramsdens

I am always hunting for great shares that could power ahead of the market during the years to come… …and just few days ago, my SharePad set-up pinpointed Ramsdens (LSE: RFX) as a contender for my long-term portfolio. Ramsdens is a small-cap that boasts cash-rich accounts, a seasoned chief exec, respectable prospects, and a rather […]