***SharePad New Subscriber Special Offer***
Readers of my blog can claim one month of free data. Click here for details. #ad
15 March 2019
By Maynard Paton
I found Accesso Technology after screening for companies that offered an attractive growth history as well as respectable future prospects.
To narrow the field down further, I looked for share prices that had fallen since the start of the year and balance sheets that carried net cash.
The exact SharePad criteria I used were:
1) A negative share-price performance since 31 December 2018;
2) An average 5-year earnings growth rate of 10% or more;
3) A forecast 1-year earnings growth rate of at least 0%, and;
4) Net borrowing of zero or less (i.e. a net cash position).
I noted Accesso’s share price had fallen a hefty 43%, while the forecast P/E of 15 did not look too demanding given the group’s past and expected earnings growth.