Thanks for posting the Q1 review, and well done on the performance. I hope it continues into Q2 and beyond.
I was really interested to read the following point in your blog:
Here’s one mad example. For almost every company I look at for SharePad, I manually transcribe the income, balance sheet and cash flow statements for at least the last ten years into my own spreadsheet.
I do the transcribing because I want to check as much as I can. That way restatements, exceptional items, pension deficits and other nasties come to light and help form a judgment.
Do you take the numbers from the annual report of the companies in question, or do you take the numbers from Sharepad?
Can you expand on what this adds to your research? I can imagine that the process of just doing this forces you to look at the numbers (which can otherwise be easy to skip over)?
Do you use the format which the company reports in or have your own template for all companies that you research? I wonder if you would be happy to share such a template?
Many thanks, and Happy Easter