Screening for Value: Picks from the retail and media sectors

In my last article, I started to look at some of the companies highlighted by the 52-week low screen. Although very few companies will appear on a 52-week low screen when everything about their trading and outlook is rosy, more severe issues led me to exclude some companies from further analysis. I excluded two companies due to excessive debt or pension liabilities. I also excluded two companies because their StockReport highlighted a high risk of earnings manipulation, and their area of operations meant I could not get comfortable with these risks. Finally, three other companies were flagged as at risk of earnings manipulation: Gear4music Holdings (LON:G4M), Capital (LON:CAPD) and £SLP. However, looking at the results announcements directly, they didn’t seem unusual for such companies. So I choose to include these in my further analysis. However, investors may want to conduct their own investigation into these issues.

This left 22 companies that warranted further investigation. In this article, I am going to look at nine of them – the ones that fall roughly into the categories of Retail, Media, and Investment Companies:

Retail

Angling Direct (LON:ANG)

Angling Direct is a specialist retailer that, unsurprisingly, sells fishing tackle,...