REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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REFS
definition of ‘growth’ companies
A PEG
is only calculated where a company meets all of the following
criteria:
there must be broker forecasts available
there must be continuous growth in normalised EPS for the latest
four
consecutive
periods, including any forecasts
companies in Building & Construction, Building Materials
& Merchants and
Vehicle Distributors,
which are all highly cyclical sectors, may not have
incurred
a loss or suffered an EPS reversal in any of the last five years
of
reported
results
each of the last five normalised results must be positive, i.e.
none may show a
loss
where four periods of growth follow a previous setback, it must
have achieved,
or be expected
to achieve, its highest normalised EPS (whether historic or
forecast)
in the latest period out of the last six.
For recently
listed shares, the consecutive periods may include figures based
on information taken from listing prospectuses.
(NOTE:
PEGs are not calculated for companies in the Property sector.)
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