TK Journal 2020-08-27

McGrath Hold­ing Com­pa­ny (MEA) are now a Buy with a QAV score of 0.31 (Cam: 0.25 and I picked up a prob­lem in TK’s sheet — he had a SD IV but I could­n’t see one on the site — to which he replied:)
— TK: Looks like anoth­er error in the SD fil­ter. The col­umn for per­cent­age price to con­sen­sus tar­get in the fil­ter down­load is show­ing 87.5, but I can see on the SD screen that there is no con­sen­sus tar­get. Over­writ­ing the fig­ure and zero­ing it out still gives a QAV score of 0.30.

DWS Lim­it­ed (DWS) is also now a Buy with a QAV score of 0.13. There is a caveat with DWS in that it’s June 2020 fig­ures have not been audit­ed and I am rely­ing on their half year audit report from Feb­ru­ary until the annu­al report is released. (Cam: 0.13)

Fortes­cue Met­als Group (FMG) has report­ed in SD and I have updat­ed the man­u­al­ly entered data tab for them. They remain a buy with a QAV score of 0.11

Motor­cy­cle Hold­ings (MTO) has made it onto our Buy list with a QAV score of 0.1 even though their price to oper­at­ing cash­flow is 7.01 and they have not yet report­ed their Jun 2020 num­bers. I would wait until their lat­est num­bers came out and re-assess this then. (CR: 0.09 — I’m get­ting a Price to CF of 6.84. Not sure why SD is giv­ing TK a high­er num­ber. My data points seem to be the same. And his charts say its SA IV is increas­ing, but I don’t see that. But we’re wait­ing any­way so no big issue).