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Good evening SJ and thanks for your informative posts, much appreciated. I think you have made a wise decision re. Fairpoint. I decided to buy more CLL yesterday, doubling my holding and averaging up. In order to do so I had to jiggle some funds around. I sold out of GBO which has become a car crash and sold out of KMK first thing after they announced a surprise profit warning. My hope is that CLL will rise faster than what GBO will do. I should have sold out of GBO some time ago but my reckoning was that with other shares compensating for the fall in GBO then I could live with the fall awaiting for a reversal, rather than treat each and every share on their own merits. I am still learning!. It will be interesting to see what effect the new tax year will have on investments in smaller companies when folk can invest more into their ISAs. Good luck all and regards CM

Good evening Mogie, good to hear from you. Yes, I remember you going to the NT seminar. Interesting. I had wondered how much you would have learnt which hadn't been covered by his book; but I seem to remember reading that he recommends reading his book first, so I guess from that that it isn't just a verbal repeat. Lot of money to pay out had it been!. I think we can tie ourselves down to or into too strict a set of rules if we are not careful. Now, I don't think having a set of rules is a bad thing, that makes us think more carefully about what we are investing in and helps us to be more careful and diligent. The worst thing we can do is just like the sound of something and investing on not much more than a whim or a tip/suggestion from others without doing the necessary research. A 5 year positive earnings growth can be hard to find and will rule out young progressive companies who may just have had one bad year. That in itself may have nothing or little to do with themselves since it may have had more to do with the macro economic climate generally, ie recession etc. Cash flow is important as you say. Personally, I haven't really thought about measurements against the sectors was that covered by NT?. What I do like to read in the RNS, the trading updates is nothing negative from the Chairman; if so then I will steer clear. The fact that the dividend has been increased each of the last 8 years speaks volumes as to the confidence the company has going forward. One of the reasons why I have missed CLL from my research criteria previously is because I was relying heavily upon the PEG factor and it hadn't been indicated on the digitallook.com site which I use as first port of call. So, companies can get missed. You win some, you lose some. Thanks for your list of companies given below to take a closer look at. I didn't realise Stockopedia did a Zulu Screener. I've taken a brief look. I notice GBO is on the list. Hmm. Fundamentals are excellent but you will no doubt know what is going on there with their share price and sentiment. Seeing as this is the CLL board, I won't go into that, this isn't the place. Having said that........COMS.........., I don't tend to post on there; it will just get lost in all the posts from the posters who seem to have nothing more to do all day. Thanks for the download again Mogie. I have taken another look at it. It is a good piece of work and valuable reading. I'm not sure it would be appreciated on some other boards but that is their problem. If we can help each other then I am all for it; can't do with personal battles and point scoring. Need to be aware of possible clouds on the horizon. Oh, and I promise I'll keep quiet about this one. I haven't come on here to take over and start shouting, lol, not my way. Good luck all and regrds CM

Thanks for the welcome Mogie; you're too kind; not sure it is all warranted, but, hey, I'll take it thank you. Interesting to read you use the Zulu Principle/Naked Trader type mix. I have been using ZP for the last few years with, on the whole, very good results. Find some of the reading a bit above me but I have a reasonable grip on the basics. I have fairly recently come across the NT principles and bought myself a copy of his book, which I have found an easy read and written more for us private investors by someone who knows how we think. Too many other books I felt I needed a degree in high brow investing, written by those who had forgotten that to ski you first have to learn how to put your skis on before hurtling down the black icy slopes. Very discouraging. A bit like trying to understand what Prof. Stephen Hawkins in on about when all you want to know is "what is that star over there" without having to understand about black holes and string theory.. I hold SH in very high regard incidentally, in case anyone thought otherwise. Regarding PEG, I agree too much emphasis can be put on it; which is why I have missed CLL previously. And it isn't the only share in that respect. However, it has worked pretty well overall and I/we are bound to miss some gems. Personally I would be a little cautious of using a PEG as high as 1.6, but, that is only my opinion, and if you are happy with using different parameters then that is fine, no worries. Sometimes we can look at a share and at the graph and feel we have missed the boat. Then we will jump into something far more racey and high risk and pay the consequences. I'd rather invest in something more boring and see a steady rise over time, enabling me to sleep better. Interesting to see Spikeyj mentions Fairpoint; that is another share which keeps coming up when I do my trawl for possible investment, again meeting a fair no. of my strict investment criteria. Can't invest everywhere though......thankfully. Incidentally; I notice your posts on COMS come in for some criticism, unfair imo. It is right that more than one opinion is given and that some one sounds the trumpet. However, it is my experience that anyone who posts anything which may be taken as deramping will be given a lot of stick (QPP for me!). Too many only want to be happy clappy, lets sing and dance and pat each other on the backs; only for there to be a gnashing of teeth when things don't work out as wanted or expected (if only temporarily). Keep airing your thoughts Mogie, makes us think more broadly and is valued. Good luck and thanks again. Regards CM

I'm not invested here DL, but here is an article from growthcompanyinvestor.com latest issue: "Dorset headquartered vehicle tracking outfit Trakm8 has had a solid few years of progress. The AIM quoted specialises in tracking vehicles in a variety of sectors and industries, with its customers including the likes of the AA, which uses its services to monitor its fleet of vehicles. Its technology has been used to help improve the environmental efficiency of vehicle fleets by monitoring journeys and driving technique, as well as by local authorities in both the USA and UK to predict traffic flows. Other customers include a variety of lorry groups that use Trakm8 to find out where different members of their fleet are and whether they are using their time in the most efficient manner. Trakm8 notes minicab firm Crawfords of London as an example of its customers. By having a constant stream of where each driver is, the company is able to provide more accurate data to its customers on when a cab will arrive and how long a journey may take. Trakm8 is led by chairman John Watkins, who also serves as the chairman and CEO of electronics and software outfit Omitec Group. Counting the numbers is finance director James Hedges, who formerly worked at accountancy mammoth KMPG. Watkins owns a 22.5 per cent stake in the group, while Hedges maintains a holding worth 7.5 per cent. In results for the six months to September Trakm8 reported pre-tax profits of £24,000 on sales of £2.5 million. Net cash stood at £.1.1 million. Last October saw Trakm8 carry out a reverse takeover of BOX telematics for £3.5 million. The deal itself was funded via cash, a debt facility of £2.5 million and a fundraising of £2.1 million. This January, the group announced that it had won a contract worth £1.2 million with an unnamed insurance company for the telematics technology obtained after acquiring BOX. Vehicle tracking technology has come a long way. It was originally developed for use in the insurance industry so that young drivers could receive lower premiums in return for being tracked and having their driving skills scrutinised. Since then, the technology has found a wide variety of usages, from the commercial world to local councils interested in environmental efficiency. This is a technology that should have further to grow, and Trakm8 is one of the companies that could profit fromit. Long-term buy." Hope that helps. I have found growthcompanyinvestor extremely useful for unbiased research articles. Before I invest I (try and) do in depth research, looking at the fundamentals, checking the RNS for anything negative as well as positive in the Chairmans reports and read as many articles as possible. I don't rely on GCI recommendations but they do have a very good success record and i have profited from them on numerous occasions backing up my own research. One to put on my watchlist and keep an eye o

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