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14 shares that (nearly) Have It All

This year 14 shares have been highlighted by one of this column's most demanding screens
14 shares that (nearly) Have It All
  • 2020 highlighted some of the weaknesses of the Have It All screen, with a 12-month negative total return of 10.3 per cent versus negative 7.1 per cent from the FTSE All-Share
  • Nine-year cumulative total return stands at 186 per cent, versus 87 per cent from the index

My Have-It-All stock screen is a greedy beast. It wants stocks to display many classic indicators of growth, quality and value. It’s perhaps surprising that such a hodge-podge approach has done as well as it has over the past nine years. However, 2020 illustrated some of the frailties of the approach.

Asking for so much can mean finding stocks with hidden problems. The two stocks that did the damage to last year’s result were a case in point. Indeed, the reasons to be concerned about these two particular picks were glaring enough for me to highlight them both as displaying the screen’s shortcomings at the time. Sadly, in terms of overall performance numbers, I was right. But on the plus side, these calamities do help illustrate why the screens run in this column are best regarded as a source of ideas for further research rather than off-the-shelf portfolios. The calamities in question were NMC Health (NMC), where fraud was exposed, and Photo-me International (PHTM).

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