Just a dozen companies included in the FTSE All Share Index pass all our quality screen tests this month.
- A further 23 companies fail just one test, with the requirement for return on equity (ROE) to have improved over two years being missed by 14 of these.
- Companies in the FTSE Small Companies index which pass all nine tests highlight that it is necessary to do further research on screen results. Companies like house builder MJ Gleeson (GLE) pose a cyclical risk. The same is true of online travel agent On the Beach (OTB), which is highly exposed to Brexit risk.
- More companies listed on Aim, rather than smaller companies on the main market, have passed all our tests, with eight scoring nine out of nine this month.
