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AlphaScreens: two new large-cap GARP candidates

There are now three large-caps passing all our GARP tests, while the Aim selection has seen a mining-related shake-up at the top of the rankings.
May 31, 2018

The main market small-cap and the Aim Growth at Right Price (GARP) screens show different companies passing all seven tests. The FTSE All-Share screen, which has eight criteria, shows no change at its top, but there are new companies passing all but one test. These new companies have been upgraded in the screens on account of analysts' more positive assessment of their earnings outlook, so make an interesting starting point for further research. 

The large-cap GARP screen sees three companies now boasting a perfect record of passing all eight tests. Recruiter PageGroup (PAGE) retains its perfect score for another month and this time it is joined by property company Shaftesbury (SHB) and packaging specialist RPC (RPC) – both pass all eight tests.

Among the FTSE small-cap GARP selection there is no change at the top, as Air Partner (AIR), Bonmarche (BON) and Haynes Publishing (HYNS) retain their perfect 7/7 scores and there is little change among those companies passing six of the seven tests, although Target Healthcare Reit has moved up to this strata and now passes all bar the cash conversion test.

There has been more movement at the Aim screen level where Warpaint (W7L) and SCISYS (SSY) retain their top rankings having passed all seven tests, while Atalaya Mining (ATYM) drops down a level, but fellow Aim miners Sylvania Platinum (SLP) and Caledonia Mining Corp (CMCL) move up the rankings with perfect 7/7 scores.

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