No FTSE All Share companies pass all our stringent earnings and price momentum criteria, with the stumbling block for many larger companies being the forecast earnings growth tests.
- Five companies pass 7/8 tests, including oil major BP (BP.) which doesn’t have forecast EPS growth of over 10 per cent for both the next two financial years – it is only expected to grow profits by 10 per cent in the next year.
- Other large cap companies that score reasonably well on the screen are miners BHP Group (BHP) and Rio Tinto (RIO) which both fall short of the EPS forecast target for both the next two years.
- Insurance giant Legal and General (LGEN) also passes 6/8, missing the 10 per cent EPS growth forecast for two years from now and lacking sufficient 12-month price momentum to meet all our criteria.
- The only company we screened to pass all our momentum tests was Aim-listed Sylvania Platinum (SLP)
