List of Current ASX C.A.N.S.L.I.M. Growth Stocks

Update: 9 April 2010

Hi guys, here is an update direct from the offices of Oliver Ward.  While the list of stocks are not a recommendation in or of themselves – it might be a good idea to put them on your watchlist and look for a Trend Line entry or Dow Theory entry signal, and always keep a solid stop loss in place once you enter.  Check them out below!

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The below stocks all have past EPS (earnings per share), Revenue and Profit growth over 20%, and ROE (return on equity) over 10%. 

According to William O’Neil companies that display these types of characters tend to outperform in the market.

AJL     AJ Lucas Group
ANG   Austin Engineering
CDA    Codan Limited
CSL     CSL Limited
CST     Cellestis Limited
CSV    CSG Limited
CVN    Carnarvon Petroleum
DCG    Decmil Group Limited
FGE     Forge Group Limited
FPH     Fisher & Paykel H.
FSA     FSA Group Limited
GCL    Gloucester Coal
GRR    Grange Resources.
JBH     JB Hi-Fi Limited
MCC   MacArthur Coal
MTU    M2 Telecommunication
NBS    Nexbis Limited
NVT    Navitas Limited
PBP     Probiotec Limited
SOL     Soul Pattinson (W.H)
SRX     Sirtex Medical
TFC     TFS Corporation Ltd
WTF    Wotif.com Holdings

The Methodology behind this list of stocks is based on William O’Neil’s CANSLIM model.  The model is striving to identify stocks on the market that are the up and coming companies in the market, hopefully before they have their big moves in stock price.  The idea is that companies with superior sustainable growth will be the companies that retain leadership in their market place and stock price.  Think of it as the early stage Microsofts, BHPs and other names that are today superior in their respective sector.

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April 9, 2010  Tags: , , , , , , , ,   Posted in: Dave's Trading Diary

4 Responses

  1. Small Business Marketing Strategies – Focus on your Area of interest Advertising | Software Solutions Guide - April 10, 2010

    [...] ASX CANSLIM Current Growth Stocks | ASX Market Watch [...]

  2. Dave McLachlan - April 12, 2010

    Hi James,

    Thanks for the comment. Good to have you spending some (considerable) time on the site! I’ve passed on your feedback directly to Mr Ward.

    All the best, Dave

  3. ward - April 12, 2010

    Thank you James for your input,
    You are absolutely right; the list is not CANSLIM but rather a take on O’Neil’s concept of looking for high growth stocks in the market. The criteria behind the stocks I have set forth with the list. The stock list is derived from using IRESS screener to look for companies with past earnings growth, Profit growth and Revenue Growth of above 20% plus ROE over 10% and PE over 1. That is all there is to this list, it is not a buy recommendation list or any suggestion of the sort.
    If you feel I have in any way miss led you I apologise.

    -o-

  4. veterinary technician - April 19, 2010

    Wow this is a great resource.. I’m enjoying it.. good article

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