There is still little to cheer in the real economy and a lack of positive sentiment for future earnings growth is reflected in the limited number of results for our growth at a reasonable price (Garp) screen.
- Packaging firm Macfarlane (MACF) tops our FTSE All Share screen, only failing the requirement for forecast EPS growth above 7.5 per cent for the next two years. The rules for the All Share screen are designed for larger companies, however, and Macfarlane fails the momentum or earnings upgrade and the net debt tests on our Small Cap screen.
- Moneysupermaket.com (MONY) is the largest company by market capitalisation that ranks reasonably well on the All Share screen. Phil Oakley looked at the company as part of his latest weekly Alpha round-up and although the recent trading update was grim, it’s a business he likes for the longer term.
- More intrepid investors may want to further examine the two Aim-listed firms that pass all our small cap tests. Self-styled internet of things enabler Telit Communications (TCM) scores perfectly but prospective investors will need to assess supply chain issues thanks to coronavirus and the prospects for the UK’s 5G roll-out.
- Competition firm Best of the Best (BOTB) has seen its share price rise after an encouraging set of full year results and announcing it had completed its transition to a digital only strategy.
