- Companies are still struggling to pass all the tests of our GARP screen
- Still no small caps passing all the tests set but Aim market proving a more fruitful hunting ground
- Property companies to the fore among blue chips once more
A recurring issue for this screen is the fact that few companies are passing all of its criteria - although this can chiefly be blamed on EPS growth criteria - a regular problem given forecasting has been turned upside down during the pandemic.
This month sees just two companies, Safestore (SAFE) and Macfarlane (MACF) pass all eight tests for the large cap screen although a further 14 companies passed all but one of the tests set. Among this large cap selection, property companies were to the fore again with the likes of Segro (SGRO), Sirius Real Estate (SRE) and LondonMetric Property (LMP) among those passing all but one of the tests.
Among the Small Caps no companies passed all the tests set although LSL Property Services (LSL) was among the three companies to pass all but one of the tests, continuing the theme of property dominance.
On the junior Aim market four companies passed all the tests, double the number of last month with Smart Metering Solutions (SMS) and Sureserve (SUR) being joined by Somero Enterprises (SOM) and Science Group (SAG).
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