I was fortunate to invest in Thomas Cook at 50p recently. This is the kind of risk I am confortable with - a bombed out share that is in a turnaround. Trying to find lists of the biggest FTSE fallers of say 2011 or 2012 or 2013 to date is nigh on impossible on the internet, nor are there readily available lists of companies that have issued profits warnings. So this means I struggling to start my research efficiently. Does anyone have any tips? I'm new to stockopedia and it may well be that I can build a screen from the qualitative data that would serve as a starting point for further research. Ideally I would like to find 20 or so of the biggest crisis shares of the last few years on the basis the survivors should be into turnaround mode by now. Many thanks.
Filed Under: Value Investing,
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Hi mjp,
This is exactly the kind of thing that Stockopedia is designed to help with. I do understand that for newcomers to the site finding your way around can be a little daunting so here's a few tips on how to use it.
Here's a stock screen of the biggest FTSE 350 fallers in the last year. I've added the F-Score and P/E ratio to the table view - http://www.stockopedia.co.uk/screens/biggest-ftse-350-fallers-in-last-year-6230/ If you click the 'Fork' button at the top right of that page you can then edit the rules and tweak.
We are also publishing the % 5year price change - you could switch the criteria in that screen to find the biggest 5 year fallers. Arguably we should (and will) start publishing 2 and 3 year % falls in future.
Profits warnings are harder to spot unless you are reading the RNS every day or tracking Paul Scott's blog daily. I would use a combination of sharp price declines and sharply reduced broker estimates in the last month to try and highlight them in a stock screen. I've set that up here - again you can fork it and customise it your own way.
http://www.stockopedia.co.uk/screens/possible-profit-warning-stocks-6231/?view=43227
More generally - you'll find a lot of bargain stocks in this section - which is full of lists of companies that are trading well below asset value, or well below their liquidation value. As ever, DYOR. One has to be exceptionally careful buying deep bargain shares as as they are likely to be extremely volatile, and often of a very small market capitalisation - but a well crafted basket of bargains can do very well as most investors over-react and sell troubled stocks in aggregate too cheaply.
http://www.stockopedia.co.uk/screens/category/bargain-stocks-4/
Also - do have a fork/play around with the Piotroski screens. Piotroski designed his F-Score initially to highlight bargain shares with the highest probability of turning around. It's very effective - just watch out you aren't lured into stocks with wide spreads.
http://www.stockopedia.co.uk/screens/guru/josef-piotroski-18/
If you want to read up on bargain investing - try this link, http://www.stockopedia.co.uk/content/the-top-5-ways-to-find-bargain-stocks-in-any-market-63802/
And also do read our value investing e-book - which is a great summary of the area http://www.stockopedia.co.uk/courses/books/
A couple of further tips for spotting profit warnings:
a) Follow @MrContrarian on Twitter. He tends to tweet a "Profit warning of the day"
b) "MrContrarian" (who is also a deep value and special situations investor) offers a very handy RNS scanning tool here: http://www.freesharedata.com/rns
Cheers,
Mark