In this latest episode of Value Perspectives - The Setanta Lens on Value Investing, the specialist team at Setanta go beyond the numbers with portfolio manager, Rowan Smith.
In this engaging discussion, Rowan challenges the assumption that cheap stocks are always good value, and explores:
- Why some stocks are more expensive than they look
- The importance of debt levels, rates of growth and return on capital.
- Qualitative considerations, such as competition and governance.
- A real stock example, explaining some of the practical steps in analysing and valuing a business.
The above video is intended as a general review of investment market conditions. It does not constitute investment advice and has not been prepared on the financial needs or objectives of any particular person. It is intended for the use of institutional and other professional investors.