StockVal - Opinions?

ggumpshots said:

ghotib wrote

If you put in several parameters, it will give you a result.



Do you mean it will spew out a list of companies in order of preference.

I also sent you a PM

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No. It will spew out a list of companies in order of your selection of columns - same as Outlook spews out a list of emails in order of your selection of sender, or date, or subject, or...

Thanks for your PM. I'll reply later today.

Re: StockVal trial version

Finally managed to get a demo version of stockval but only have 5 days to assess it once I open the file.
Any tips or guidance so that i can fully appreciate what to use.
What things shouldnt I bother with in these 5 days

What neat things stand out or is it self intutitive...........I doubt it

BTW Anyone tried Valusoft by Dr John Price or Concious Investing software??

Over the week end I thought I would check out the demo version of stock val

I tried importing csv stock report from asx with the demo version
Can I do that because an error message I got was
Index is outside the bounds of the array..............very helpful...what the &^^%&!!!!!

It appears that the asx is not in an acceptable format for stockval..........am I reading this right?
eg it has campany name then code stock val require the other way around ! really?

ggumpshots said:

Over the week end I thought I would check out the demo version of stock val

I tried importing csv stock report from asx with the demo version
Can I do that because an error message I got was
Index is outside the bounds of the array..............very helpful...what the &^^%&!!!!!

Click to expand...

I have no idea how you would import a stock report from asx directly into StockVal and I don't understand what information you think that would give you. Does a standard feed from asx tell you about historical amortisation of goodwill? Capital buybacks? I'm not sure that we're talking about the same version, but when I want to put in data I figure it out from company reports or other information and input it by hand to a Data Input screen. The hard work and the learning curve is figuring out the company reports and other sources of information. That's what I've been trying to say right through this thread.

StockVal is NOT and does not attempt to be a screening program. It's an aid to a particular form of value investing for which share price only becomes interesting if the company passes a whole lot of other tests first.

I'm sorry I'm in a very busy period at the moment and I'm going away tomorrow. I wanted to try and contact Clime for you, seeing as I live in Sydney and I've been to most of the shareholders meetings, but I'm not going to have time before your trial expires. Maybe you could try them again; they're usually pretty easy to talk to.

Good luck,

Ghoti

ghotib said:

I have no idea how you would import a stock report from asx directly into StockVal and I don't understand what information you think that would give you. Does a standard feed from asx tell you about historical amortisation of goodwill? Capital buybacks? I'm not sure that we're talking about the same version, but when I want to put in data I figure it out from company reports or other information and input it by hand to a Data Input screen. The hard work and the learning curve is figuring out the company reports and other sources of information. That's what I've been trying to say right through this thread.

StockVal is NOT and does not attempt to be a screening program. It's an aid to a particular form of value investing for which share price only becomes interesting if the company passes a whole lot of other tests first.

I'm sorry I'm in a very busy period at the moment and I'm going away tomorrow. I wanted to try and contact Clime for you, seeing as I live in Sydney and I've been to most of the shareholders meetings, but I'm not going to have time before your trial expires. Maybe you could try them again; they're usually pretty easy to talk to.

Good luck,

Ghoti

Click to expand...

I misunderstood the ASX downloads.
It looks like the demo version wont let me download any data.
Doesnt $1200 allow you to upload all the data you need for a a yearly subscription. Going through by hand if you are learning means you will perhaps mis read or misunderstand some financial reports thus making some errors along the way, in terms of input fields .
However you sure will have had a great learning curve.

The sort function Makes stockval a scrrening program. I am not sure why you said otherwise.
Thank for you great input . Have nice trip

A couple of posts in this thread contained a link to a pdf document explaining stockval - but they don't work... Does anyone have this document?
Thx.

Realist said:

10 years minimum! is a good aim when investing in any share. And tripling your money in that time if you reinvest dividends is highly possible.

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Considering that at a 12% discount rate investing in a fairly valued company over 10 years is expected to give you a 210% return (i.e. over tripling your money), that's not really suprising.

jscott said:

A couple of posts in this thread contained a link to a pdf document explaining stockval - but they don't work... Does anyone have this document?
Thx.

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jscott

I think that chapter excerpt was removed from the site a while back. I came across this thread a couple of months ago and couldn't find it then. If you want an explanantion of the valuation methodology used in Stockval I recommend you buy Brian McNiven's follow-up book Market Wise. In that book he has simplified the valuation formula somewhat (which doesn't materially alter the outcome) and gives a full explanantion of the rationale.

jscott said:

A couple of posts in this thread contained a link to a pdf document explaining stockval - but they don't work... Does anyone have this document?
Thx.

Click to expand...

PM me with your e-mail and I'll send it to you.

Ty.

Thought a more up to date post might help on this topic....

I use it, its brilliant. It allows you list stocks in order by name, code, ROE, Div yield, payout ratio, net debt to equity, share price, intrinsic value, RR, Borr / sh

Upon clicking on each stock a far more detailed analysis is provided , also containing commentary on what they like, dont like and have noticed about managment and decisions in the company....

The only thing i dont like is that because the valuations are based only on facts (ie the numbers in reports or announcments) they tend to track the market.

For example when companies earnings are rising at 10-20% the value is spot on on the date its updated and as time goes on till the next report or announcment the company mves further from the stock val valuation.

Likewise when companies earnings are rapidly declining or companies are suffering write-downs or impairments the values on stockval again trail the market so they can seem better value then they are....

But all in all its a fantastic tool that gives great certainity to decisions your making with long term plays on sound fundamental stocks. It allows you to completely ignore market over reactions and buy on value regularly. Its a bit expensive for a small punter, but they offer deals at there free seminars and they offer renewal deals . Once your portfolios above 150-200K its great value , as long as your still making regular purchases .

At present they have 479 companies analyzed . Its big ones are updated on every relevant announcment . It does not include a lot of the small cap, speculatives that are yet to earn.

On that matter if there is anyone out there using a service other then fat prophets that provides a fundmental analysis of small miners, explorers etc Id love to know about them.

signed up for stockval's demo access a couple of months back.

from the figures they provided, JB-hiFi were their pick. they got it in one, with some thanks to Kevi's cash splash.

also followed rivikin's nominations. one that sticks to mind is Elders. they said they were a buy at 41cents! twerps!

I think the StockVal team has a great investing philosophy and most of what they do is spot on.

However, in investing (as in most other fields) there is no silver bullet. I am instinctively wary of some "mathematical formula" as the key to investment success.

My take is that successful value investing is due to a combination of factors, eg:

• 
  30% The ability to crunch the numbers and get a rough feel for the value of a company. StockVal can help you with this bit.

• 
  30% Mental discipline. Having the strength to avoid speculating in booms and the courage to buy in busts. This is, perhaps, the rarest and most important skill.

• 
  30% Qualitative factors. Hanging out in JB Hi-Fi with the lunchtime crowds in Melbourne in 2003 and falling in love with the company.

• 
  10% Luck.