I reported Newscorp as a buy recently, however, due to some good work on the QAV Facebook group, I discovered that there was an error in the SD filter download file which had a strange number in the number of shares outstanding column.
This was rectified on subsequent downloads and NWS is no longer a buy, however, I can’t explain the error as it came from SD.
I think I’ll have to do 1 of two things:
use the SD filter metric, price to operating cashflow, which varies from our calculated number occasionally because SD uses the diluted weighted number of ordinary shares, whereas I have been using Fully Paid ordinary shares.
Put a step in our checklist to check the difference between the SD price:operating cashflow metric and the one that we calculate in the checklist.