15 July 2016
By Maynard Paton
Today I’m continuing my hunt for Watch List shares with a look at CLS Holdings (CLI).
Here are the initial attractions that prompted this research:
* Illustrious financial progress: The accounts exhibit a 20-year history of rising net asset value alongside a remarkable record of substantial share buybacks.
* Owner-orientated boardroom: The company’s founder retains a £294m/51% stake and continues to serve as an executive director.
* Interesting valuation: The shares have fallen 30% from their high and currently trade at a 23% discount to the group’s 2015 net asset value.
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.