This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > DOUBLE TAKE


European equities

The Neptune European Opportunities Fund manager sees the benefit of materials and financials as value plays rather than weaker growth stocks…

Behind every investment decision we make is the desire to get our money back as quickly as possible, ideally through free cashflow generation or dividend payments.

For us, this means pursuing a core-value bias. Our clearest definition of value is cashflow yield. We look for companies that have a high cashflow relative to their market capitalisation. If their earnings are low relative to their history but they are still cheap, then a recovery in earnings would cause the free cashflow yield to increase even further.

Protracted renaissance

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.