Forums General Discussion Resources for Investing & Keeping up to Date

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  • David JohnDavid J Member
    Post count: 11

    Hi Everyone,

    I know that Preston suggested MSN money for finding financials on companies but since they updated their website now suggests using Morningstar.

    Is Morningstar still the best website for finding financials on companies? As I’m struggling to find book value history on companies.. If there are any better websites or resources that you all endorse please do let me know.

    I would also be interested to know what everyone uses to stay up to date with financial markets/news and where to follow other well known investors, where they may share their views on the market etc.

    Thanks

    UK based Mortgage Broker

    Will FairnieWill F Newbie
    Post count: 6

    Bloomberg is quite good for that kind of thing, you can find quite a bit on there.

    Zaden ZZaden Newbie
    Post count: 3

    Hi David,

    Its nice to see another UK based investor around here.

    I personally find that a lot of the recommended resources are primarily aimed at US companies and therefore have limited use to me. Are you exploring opportunities on US markets also?

    I tend to use Hargreaves Lansdown news page quite often and to check for biggest losers on the day. I also frequent the corner of Berkshire and Fairfax website and Investors Chronicle. Outside of that I browse value investing blogs if i get a spare minute.

    I’d be interested to know more about the opportunities you’re exploring. I have just read Greenblatts book and I’m looking further into the possibilities of implementing a Magic Formula UK portfolio…dependent on fees etc for my small amount of capital however!

    Are you using any particular site for stock screening?

    Cheers,

    Z

    David JohnDavid J Member
    Post count: 11

    Hi Zaden,

    I find this too – I do look for opportunities but primarily I like UK based companies. Trying to find a good website that has lots of info on UK companies is difficult! Especially when looking for financials, historical info and ratios.

    I use HL often too for news but they don’t hold much on individual companies. However I do need to start following some blogs, can you suggest who/which ones are good to follow?

    I also use London South East (LSE.co.uk), you can search a ticker and look are share chat to see what other people are saying. All though be careful as this can be bias to their opinion especially if they’re trying to ramp the share price of a small cap company! It’s good to see what other people say though.

    I started off with lots of investments on AIM – but after studying principles of investing, this was more of a speculative approach and now I want to take positions where my investment is protected through more of a value approach.

    I don’t stock screen at the moment, but if you have suggestions that would be good. Currently the way I pick stocks is through companies that I have an understanding of what they do and if I like how they work that’s when I’ll start researching them. But for true value I should probably use a screener to find smaller companies that have greater opportunities!!

    UK based Mortgage Broker

    Aracelis DavisAracelis D Newbie
    Post count: 6

    Bloomberg is the best.

    David FloodDavid Moderator
    Post count: 194

    Hi David and Zaden,

    I’m in the UK too.

    If you are looking for a quick financial snapshot on UK companies then look them up through the U.S. version of morningstar, not the UK one. For some reason the UK one doesn’t give you the 10 year history you can get on the U.S. one.

    For example;

    Renishaw PLC

    https://financials.morningstar.com/ratios/r.html?t=0P00007OTE&culture=en&platform=sal

    https://financials.morningstar.com/ratios/r.html?t=0P00007OTE&culture=en&platform=sal

    For stock screening I use trading view which is awesome!

    https://www.tradingview.com/screener/

    It covers loads of countries and has a whole bunch of metrics to screen for.

    I use it for looking for net-nets (stocks selling at a discount to Net current asset value) and it works pretty well for that.

    For example I found ENET by screening

    EV <0
    P/B <0.7
    Market Cap < £10 Mil
    Shares outstanding <10 Mil

    You can see my blog post on ENET here;

    https://www.elementaryvalue.com/investing-blog/ethernity-networks-ltd-enetlon-a-nano-cap-tech-firm-trading-below-net-cash

    Hope this helps guys and if you have any more questions relating to investing in the UK just let me know.

    Regards,

    David

    1 user liked this post.
    David JohnDavid J Member
    Post count: 11

    That’s great thanks David, I will definitely have a browse through those suggestions.

    Do you have any platforms you use to stay up to date, IE. apps, best news websites, social media or sites where you can follow well known investors?

    UK based Mortgage Broker

    1 user liked this post.
    Zaden ZZaden Newbie
    Post count: 3

    Hi David,

    That is an incredibly helpful post, so many thanks for taking the time to post.

    Having had a quick look it seems many of the links will be of use to me, including your blog.

    One question i do have is do you approach investing in US companies differently? Do you put much, if any, to the effects of FX changes may have on your returns?

    Thanks,

    Dean

    1 user liked this post.
    Jimmy DahrougJimmy D Moderator
    Post count: 68

    David. So happy you mentioned trading view. Love that screener!

    "Every problem is an opportunity in disguise." - John Adams

    1 user liked this post.
    David FloodDavid Moderator
    Post count: 194

    Hi David and Zaden,

    Apologies for the slow reply.

    @David J, If I am looking at UK stocks I’ll look them up on https://uk.advfn.com/

    I will have a read through the chat to see what other investors are saying, just to quickly get an idea of the back story behind the company.

    If I am looking at US stocks I’ll look them up on https://investorshub.advfn.com/

    Other than that, I just buy based on the balance sheet and the long range chart.

    I don’t bother reading investing news or following well known investors. It’s an unnecessary distraction and I am only interested in looking at tiny companies that hardly anyone else is looking at.

    @Zaden,

    I always try and keep frictional costs below 5% of total amount being invested, this includes FX, broker fees etc. Other than that I don’t think about FX much, over the long term it balances out.

    @Jimmy, it really is the best free screener around!

    Regards,

    David

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