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:

either,

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.

or

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.

What? A free weekly investing newsletter? Oh yes please.

Every Monday we publish a newsletter with updates on our podcast and portfolio activity. Sign up now to get your copy completely free!