Skaffold is the web-based subscription application recently launched in Australia by Roger Montgomery and his team. It provides quality and performance ratings based on the business qualities, management and how the cash flow and financials stack up. It also provides forward intrinsic valuations of stocks as assessed by Roger's team. Intrinsic value in the Roger Montgomery context is broadly based around multipliers of equity per share discounted at high rates of return and considers forward cash trends providing the company continues to act in the manner it has acted or in which it has forecast to act.
I purchased a 13 month subscription through a self-managed superannuation fund on the launch date and have been playing around with it since then. While it has some web-based design aspects that take some getting used to or which i haven't learnt to master yet (i keep closing the browser without logging out and the system seems to have a delay built in before you can log back in when you close without logging out and i haven't worked out how to bring my portfolios in to full screen view) it is a remarkably simple tool for narrowing the field of stocks to consider.
The reasoning behind the quality ratings and valuations makes sense to me and i can weed out the companies i'm not interested in. Skaffold still makes you have to think though such as considering companies that are relativley new on the stock exchange and have good credentials, are trading at below intrinsic value but do not have a defineable track record.
In short my first impression of the program is positive, my goal is to create enough wealth in the superannuation fund to cover the $1330.00 annual subscription fee as well as providing greater return on my cash employed in the stock market than would be received from having it in the bank.
I'll be testing the waters with Skaffold over the next 6-12 months and have created a small portfolio of a few of my high quality favourites within the fund. If this works well the superannuation fund has paid for the program there is no reason why personal funds could not be deployed for the same.
Any other Skaffold first thoughts or user experiences?