Beyond The Zulu Principle · Extraordinary Profits from Growth Shares by Slater, Jim -- Read -- Imperial Library of Trantor

Index

Table of Contents Publishing details Acknowledgements Preface to the 1996 Edition Preface to the 2010 Edition 1. Your Approach to Investment

Aim to beat the institutions Investment clubs The Zulu Principle Reading about investment Company REFS Summary

2. Why Growth Shares?

The main approaches to investment A remarkable investor Some UK examples The case for growth shares The market as a whole Selection is more important than timing Summary

3. What is a Growth Share?

The Right Sectors Competitive advantage Management Earnings per share growth Company REFS’ definition Summary

4. Price-Earnings Growth Factors

Compare chalk with chalk Rolling twelve months ahead Checking the validity of forecasts Brokers’ consensus forecasts Summary

5. PEGs at Work

PEG tests Avoid shares on very high PERS Summary

6. Cash Flow

Advantages of strong cash flow Constructing a cash flow sieve Capital expenditure Summary

7. Relative Strength

The third sieve Further proof More on relative strength Technical analysis Summary

8. Management

Ways of checking management Chief executive officer changes Directors’ share dealings Summary

9. Competitive Advantage

The right sector The key statistics Return on capital employed Exclusion of intangibles Return On Investment Operating margin Summary

10. Strong Financial Position

The gearing ratio Four investment tools Summary

11. Accelerating Earnings Per Share

Brokers’ consensus forecast changes Cloning Summary

12. Other Investment Criteria

Small market capitalisation AIM Fledgling index FT-SE SmallCap index The Mid-250 index FT-SE 100 index Non-index Attractive dividend yields A company buying in its own shares Something new Price-to-sales ratio Summary

13. Your Stockbroker and You 14. Putting it All Together

A. Mandatory B. Highly desirable C. Bonus factors Using the quiver full of arrows Summary

15. Portfolio Management

How many shares? Has the story changed? Relative strength Stop loss PEPs Files Summary

16. Bull and Bear Markets

Signs of a bear market Characteristics of bull and bear markets Summary

17. Technology Stocks

Internet Five main classifications Different approaches to valuation Profit margins Essential reading Summary

18. Cyclical Stocks

More guidelines for buying cyclicals Summary

19. Recommended Reading

Books on investment

20. Summary Appendix Credits