03 March 2017
By Maynard Paton
Today I’m continuing my hunt for Watch List shares by revisiting Ashmore (ASHM). I first placed the company on my Watch List during March 2015.
Here are the attractions that prompted this revisit:
* Fantastic financials: The books showcase a 67% operating margin and a £601m net cash and investment hoard
* Boardroom billionaire: Management continues to be led by the company’s founder, who has £1bn riding on the share price
* Conducive (post-Brexit) currencies: Group revenue is earned almost entirely in USD while costs are expensed mostly in GBP
As usual, I’m applying a question-and-answer template to help me pinpoint companies that match the criteria set out in How I Invest. I’m looking for as many Yes answers as possible.
