28 July 2022
By Maynard Paton
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Difficult market conditions have prompted yet another bout of ‘back to basics’ filtering.
Introduced the other month to identify James Halstead, this screen short-lists companies that offer cash-flush balance sheets, robust margins and dependable dividends. SharePad returned 19 matches:
I selected Liontrust Asset Management because the shares were highlighted by ace fund manager Keith Ashworth-Lord within his latest Buffettology fund factsheet. Mr Ashworth-Lord wrote:
“Liontrust Asset Management (-15.5%) announced final results which showed substantial growth in average AUM (+43%), revenue (+41%), dividends per share (+53%) and free cash flow (+122%).
The reaction of Liontrust’s share price — which will be seen by the teenage scribblers in the City as high beta — is symptomatic of current market sentiment. As a result, the shares trade on a trailing free cash flow yield of 15% and a trailing dividend yield of 8%. Talk about ‘value’.”
Let’s take a closer look.
Read my full Liontrust Asset Management article for SharePad.
2 thoughts on “[SharePad] Screening For My Next Long-Term Winner: LIONTRUST ASSET MANAGEMENT”
G’day Maynard, i have three things
1) fantastic LIO sharepad piece. I own the business and added some new shares last week so your overview was very timely and well thought
2) this is an interesting comment on ASY I saw this morning https://uk.advfn.com/cmn/fbb/thread.php3?id=11502813&from=2386
3) any ideas on the direct line trading update comparison for SUS?
Thanks Adek. Glad you liked the LIO article. Some good work by the ADVFN poster on ASY. I am well behind on my results reading, and have yet to look at ASY’s 2021 report, but I recall from the 2020 report ASY outlined in some depth some ‘stress test’ scenarios that gave a clue as to management’s best performance guess. An earlier post on ADVFN about ASY’s blog saying the company has been very busy seems encouraging, too. I am not clear whether Direct Line’s insurance update has any clear impact on SUS’s car-loan business, other than costs generally are increasing that could make loans less affordable to some borrowers.