Quality companies tend to be durable and so it’s proving with our screen. There are 16 companies in the FTSE All Share index which pass all 9 of our tests but, of these, only one is new to the list. Safety products specialist Halma (HLMA) now fits the bill, thanks to its PEG (price-to-earnings-growth) ratio looking more attractive than last month.
There is no change at the top of our screen from the FTSE All Small Companies index – Air Partner (AIR) and XP Power (XPP) are still the only companies with a perfect score.
There is consistency emerging in our Aim screen results, too. Eleven companies meet all the screening criteria and ten of them were also 9/9 on the tests last month. The new arrival is personal care and beauty products manufacturer Swallowfield (SWL). The company did, however, have a disappointing trading update recently which triggered a sharp drop in its share price. Our last IC View moved the company to ‘Hold’ pending better news and an up-swing in momentum.
Download PDF
