02 February 2016
By Maynard Paton
Today I’m continuing my hunt for Watch List shares with a look at Aveva (AVV).
Here are the initial attractions that prompted this research:
* Wonderful accounts: The books showcase long-term growth, super margins and substantial net cash
* Proven and loyal leader: The company has been run by the same boss since the end of 1999
* Significant exposure to oil and gas: The troubled oil and gas industry represents 35-40% of revenue and recent interim results revealed lower earnings. Further weak trading could perhaps create a buying opportunity.
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.