How to Pick Quality Shares

A Three-Step Process for Selecting Profitable Stocks

Phil Oakley

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English

Harriman House Publishing
22 May 2017

Economics & Business; Stocks & shares

How To Pick Quality Shares provides a sophisticated three-step process for analysing company financial information to find good investments. The three steps boil down to finding quality companies, avoiding dangerous or risky companies, and not paying too much for companies' shares. Applying the in-depth techniques described here will give investors a better understanding of companies, and an edge over other investors, including professional investors and analysts.

Phil Oakley, an experienced investment analyst and private investor, guides the reader step-by-step through these three stages:1. For the first step, he shows how to identify the kind of high-quality companies that are capable of being profitable investments over the long term. Important themes are how much a company earns on the money it invests, reliable measures of profit and the importance of cash flow.2. Next, he shows how to spot the dangers and risks that could lead to a company being a bad investment. Here the focus is on how to analyse debt, in particular hidden debt and pension fund deficits.3.

Lastly, he shows show how to value a company's shares and determine what is a reasonable price to pay to invest in that company. Phil shows why some common shortcuts to valuing shares are not very useful and how to use cash profits to value shares more reliably.

At each stage, Phil explains where the investor needs to look in company financial statements to get the information they need and how to analyse this information. Illustrative examples of analysis of real company financial statements are used throughout. If you have a company's latest annual report and its current share price you have all the information you need to be a successful investor. How To Pick Quality Shares shows you how.

By: Phil Oakley
Imprint: Harriman House Publishing
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm, Spine: 12mm
Weight: 319g
ISBN: 9780857195340
ISBN 10: 0857195344
Publication Date: 22 May 2017
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Phil Oakley is an investment analyst and private investor. He currently writes for Investors Chronicle. Phil spent 13 years as a professional investment analyst, with ten years working for fund managers and stockbrokers in the City. He left the City in 2009 and began writing educational articles for private investors. He was senior investment writer for MoneyWeek for three years and then worked for Ionic Information, the makers of the ShareScope and SharePad software. He holds the Chartered Institute of Securities & Investment Diploma and the Certificate in Private Client Investment Advice and Management.

Reviews for How to Pick Quality Shares: A Three-Step Process for Selecting Profitable Stocks

Ideal for both those who want to improve their investing skills and as an introduction to the wider topic. I can t think of any other book that makes looking at balance sheets seem almost interesting. As such, I strongly recommend it. This should be at the top of every investors reading list. --Matthew Partridge, MoneyWeek;Stick it on your shelf! This is an excellent first book from Phil Oakley... It is a worthy addition to any investment library. --Richard Gill, Master Investor